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You may be wondering what you should do with your extra money. Should you save it, spend it or perhaps invest it? If you are like most people, you will probably say that you should save it. But is that really the best option?
In this blog post, we will discuss why you should be investing your spare change today. If you’re not sure how to start, it’s best to get a reliable micro investing app.
But first, how does spare change investing work?
When you invest your spare change, you are essentially making small investments into a company or stock that you believe will grow over time. For example, let’s say you have $20 in spare change. You could choose to invest that $20 into a company that you believe will do well in the future. Over time, as the company grows, so will your investment.
Now that we’ve answered the question of how spare change investing works, let’s discuss the top reasons why you should be doing it!
Investing your spare change is easy
One of the best things about investing your spare change is that it’s easy to do. There are a number of apps that will allow you to automatically invest your spare change. All you have to do is link your credit or debit card to the app and it will round up your purchases to the nearest dollar and invest that money for you. For example, if you spend $12.50 on a cup of coffee, the app will round up to $13 and invest the extra 50 cents.
You can start with little money
Another great reason to invest your spare change is that you can start with very little money. As we mentioned, you can typically start investing with as little as $20. And since the app will automatically invest your spare change, you won’t even feel the impact on your day-to-day finances.
Investing your spare change is a great way to save for the future
Investing your spare change is also a great way to save for the future. Whether you are saving for retirement or a rainy day fund, investing your spare change is a great way to reach your financial goals. And since you are investing in small amounts over time, you won’t have to worry about taking on too much risk.
You can earn a higher return on your investment
When you invest your spare change, you have the potential to earn a higher return on your investment than if you simply saved that money. This is because you are investing in companies that have the potential to grow over time. So, if you choose wisely, your investments could pay off handsomely!
Investing your spare change is fun
Last but not least, investing your spare change can be fun! When you see your investments grow over time, it can be exciting and motivating to continue investing. Plus, it’s always satisfying to watch your spare change turn into real money!
We hope this blog post has convinced you to start investing your spare change today. It’s easy to do and it can be a great way to reach your financial goals. So what are you waiting for? Start investing today!