A new money trend could save you hundreds.
The term “rounds-ups” is making traction, allowing people to save or invest their spare change without thinking about it.
Recently launching the service, ING’s new every day round-up scheme gives customers the opportunity to round up to the nearest $1 or $5, depositing the extra into a savings account.
Choosing the $5 option for your daily coffee could see you saving around $546.
The round-up app, Acorns, launched a similar model last year, which automatically invests your spare change.
The Sydney Morning Herald describes it as “an entry-level investment product for anybody who wants to dip their toe in the water."
Acorns also have a feature which analyses your spending, letting you know when it’s time to hit the breaks.
What do you think about round up apps?