ImpulseSave

Did you ever notice how our American friends have all kind of apps and gadgets to help them with saving, like for example Digit. 

Good news, seems like they start to work on something similar even for UK. Now, i do not know about the cost, fees, efficiency and all the rest implied, but i will follow up. The product is called ImpulseSave, and they claim something like:

"You already use your computer, tablet or smartphone to buy music, groceries and even find your next home – impulseSave® brings that modern way of thinking to investments.

We’ve also lowered one of the key barriers to regular investment by making it possible to add as little as £1 at a time to your investments through impulseSave®.

By empowering you to set financial goals, regularly review your investments against those goals and top-up easily and quickly to close any gap, we’re helping you form the habits of a long-term investor. Reaching your goals has never been easier."

You can read all the presentation here, to check about. 

Victory

Seems that i had a big bunch of expenses this month, but i also saved quite well. And as a personal achievement, i just invested half of my planned holiday expenses in a short term project, thinking that i will just take the money if i needed. Seems that i am so driven to achieve my financial independence, that i managed to use only half of my holiday expenses, doing all that i wanted to do, and i still got half of the money in my accounts.
Conclusion: It is always room for improvement. Funny enough, when i went to my holiday, i was worried i could not have enough money.

P.S. 20% of unexpected expenses, also covered from my 50% of the initial sum. Clap-clap!

P.S.II  If you are quite bored and want to listen something funny (and maybe learn something new) you got one link here, working for the next 6 days.

Think big... And just do it!

One friend who is very good in practicing the art of abundance teached me this. Look for the highest note of the money you use in your country and always have 2 of this notes in your wallet. Whatever happen. If you spend them, put another 2 back. Usually you will be reluctant to spend on small items just because you will get a lot of change. But, if some opportunity appear magically in front of you, you will have a decent amount of money to seize it.

My idea on his idea. On your way to financial independence you need to think big. Do not invest £20 every day of the month. The fees will just eat your profit, or even if it is a free fee thing, the time lost will not justify it. Instead of this, put all the money in the box, for example, and at the end of the month add it to your cash account. Invest in big amounts. £1000, £5000, something that it is significant for you. Sometimes if you invest more than 1000 you get a good cashback. 5% or more. Sound much better than that 3% fee, right?  This could mean 100k more money for you in 10 years time.

And added bonus, it will make you feel good, efficient, serious about the bussiness. Emotionally and physically better, Dopamine and oxytocin will be released. We could talk about the quality of life that will increase too. Just by doing something aparently irrelevant. Try it and tell me how this worked for you. Because it worked for me. Good luck.