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. 

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.