As summer officially comes to an
end, it is time to go back to University – and we know that whether you are a
first year student or a returning graduate the temptation to spend is
everywhere.
The harsh reality of returning to
Uni is that it is time to recover from a summer spent emptying your bank
account travelling, shopping and celebrating the festive season. Even if you
spent the summer working, the start of the academic year is the perfect time to
start thinking about the best way to make your hard earned cash last
longer.
Instead of falling into the trap
of spending all your savings on overpriced but underwhelming lunches on campus,
or unnecessary Tuesday afternoon drinks at the union bar, get smart about
saving and investing – whilst you spend.
It may seem trivial today,
but these little savings add up and will pleasantly surprise you, helping fund
your next summer activities. Not only is saving a bit of extra cash useful, but
being disciplined with your money is an important life lesson for everyone…
However, if you cannot
function without three double-shot soy flat whites a day, at-least start
saving whilst you spend. That’s where Raiz comes in!
Many university students
think that they are not ready to start investing. Whether you think that your
income isn’t big enough, you are too young, or that you are lacking the
financial knowledge, it’s time to stop making excuses because it’s easier than
you think. You can start investing from as little as $5.00.
By rounding-up your purchases, Raiz
links your everyday spending to saving and investing.
The goal of the round-up is to
allow you to invest small amounts, without even thinking about it! By linking
your spending accounts (EFTPOS, debit and credit cards etc.), the virtual
change from every transaction is invested into your Raiz investment account.
This combined with lump sum investments and automatic deposits gives you an
easy way to effectively develop your first portfolio. You can get
your money out at any time with a couple of swipes of the app. For more information on Raiz fees, click here.
The registration process only
takes a couple of minutes and no previous knowledge of markets is needed to set
up your account.
Whether you are already planning
your mid-year escape, thinking about paying off your University debts or just
feel like your laptop is in need of an upgrade – you are ready to start
investing. With so much on your mind at the beginning of a university semester
– let Raiz take care of your savings.
Important Information
The information on this website is general advice only. This means it does not consider any person’s investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the Raiz product.
The information in this website is confidential. It must not be reproduced, distributed or disclosed to any other person. The information is based on assumptions or market conditions which change without notice. This will impact the accuracy of the information.
Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz.
Past return performance of the Raiz product should not be relied on for deciding to invest in Raiz and is not a good predictor of future performance.
