This App Can Help You Automatically Save & Invest So You Can Be Debt-Free Faster
More money, less problems. 💸
We all dream about having more money, don't we?
While money can't magically appear in our bank accounts, there is a way to save more and spend less that certainly feels like magic.
Moka is an awesome app that can help you achieve your financial goals by automatically rounding up your recent purchases and investing the spare change.
All you have to do is download the app, create a goal and sync your bank accounts—yes, it's that simple.
It's already been downloaded by over 750,000 Canadians who are looking to pay off their debts faster and make smarter investments.
According to Moka, 75% of millennials don't have an emergency fund and 60% of millennials haven't started investing yet.
This app is perfect for beginners because it does all the saving and investing for you so you can focus on other things like work and family.
Your money is handled by a stellar group of portfolio managers from Tactex Asset Management, a Moka subsidiary. They have experience managing over $200 million in assets so you're in pretty good hands here.
The monthly service fee is just $3 which is cheaper than a Starbucks latte. But if you upgrade to Moka 360, it's $15. Here, you can get a customized debt plan, personal financial advice and have your monthly bills negotiated so you can save more money.
Either plan you go with, you'll be able to save even more with awesome cashback rewards. This means every time you use your linked card on UberEats, Apple Music or any other brand they're partnered with, you'll get a small amount of money added to your investment account.
As much as you want to spend that money on clothes or food, you can save or invest it which will really benefit you in the long run.
This can be a lot to take in, especially if you constantly feel like you're drowning in debt. But it's never too late to start making smarter investments.
If you're ever overwhelmed or confused, you can call the company and speak to an actual human being on the phone and not one of those automated voice recordings. It's so comforting to know they have portfolio managers and financial coaches available to answer any questions.