Does the thought of saving money seem impossible?
It might be easier than you think!
Worthy’s roundup and recurring investment features automate some of the toughest parts of saving, and serve as powerful tools for improving your personal finances and achieving your financial goals.
One of the biggest benefits of automated investing is convenience. Scheduling bond purchases (recurring investments) or triggering them with everyday purchases (roundups) eliminates the need to remember to manually invest money each week, month, etc. and makes saving a seamless part of your routine. Consider also that by investing regularly, you are less likely to spend your hard-earned cash on non-essential items, as it’s being put to work before you even have a chance to spend it!
Our “Recurring Investments” feature is just one of many ways Worthy can help you practice good financial hygiene. By scheduling recurring bond purchases, you can tailor your investments to meet your budget needs, with as little as $10 invested weekly, bi-weekly or even monthly. Ready to start investing?
To use this feature:
Click the “Activate recurring” button on your Dashboard (or the egg with a calendar on mobile view)
Select the offering (if there are multiple) and then choose the amount of bonds you would like to invest on each scheduled investment
Next, select the frequency and start date of your investments
You can select weekly, bi-weekly (every two weeks) and monthly
The start date you choose will decide the future scheduled investments that take place
Confirm your scheduled investments and you’re all set! From here, you may toggle the feature on or off, or edit your settings, at any time. On the day of your scheduled investment, we will send you an email for you to approve the purchase. We will also send you a follow-up in 48 hours if you still haven't approved, and after four days we will cancel the transaction and move on to the next one for you.
“Roundups” are another great way to promote regular investments, while keeping your spending habits in check. This feature “rounds up” the change from your purchases on a selected monitoring account, which queues a bond purchase from your funding source once that tracked spare change reaches $10.
To use this feature for the first time:
Click the “Activate roundups” button on your Dashboard (or the egg with a hand and coin on mobile view)
Connect your Monitoring Account. This is the account that we will “monitor” for purchases to roundup–it will not fund your bond purchase, but activity on this account will trigger bond purchases from your funding source when your tracked spare change reaches the $10 bond threshold.
Learn more about how Roundups works our article here
Once you’ve linked your account and ticked the box agreeing to our terms, you’re good to go! The app will automatically begin to track your purchases and will trigger bond investments each time the "spare change" from your roundups reaches $10. Once your roundups reach $10, we will send you an email for you to approve the purchase. We will also send you a follow-up in 48 hours if you still haven't approved, and after four days we will cancel the transaction and move on to the next one for you.
Happy investing!
You will have the chance to manually approve each investment that is triggered, we will not automatically begin a transaction without you approving it via email or in-app for Roundups and Recurring investments.
Have more questions about Roundups or Recurring investments? Check out more articles here!