Why it pays to be impulsive with impulseSave®
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Are you impulsive? The answer usually gets taken in two ways: say “yes” and you’re told to slow down, but reply “no” and you’re told to live a little more!
The truth is, being impulsive has its ups and downs, particularly when it comes to money. It’s all too easy to get into debt on a whim, especially with the buy now pay later attitude that seems to be popular. Does this sound familiar?
Another way you could be impulsive with your money it is called impuseSave® and it’s our world’s first investment top up technology that lets you add as little as £1 to your ISA, GIA or Pension on-the-go.
Compound Your Investments
With impulseSave®, you can top up your investments 24/7 online, or through our tablet and smartphone apps. There are no barriers to adding small amounts to your accounts
So, instead of spending another £5 on a coffee and cake today, you could add it to your ISA. You’ll be amazed at how it can grow. If you replace a daily £5 expense with a £5 impulseSave®, you can add an extra £150 to your investments over 30 days. With a hypothetical 5% return on your investment, that daily £5 could potentially become over £22,000 in a decade.*
That’s the power of impulseSave® – it all adds up. Do more with your money, you can invest up to £20,000 in a Stocks & Shares ISA in the 2019/20 tax year.
Make the Most of Market Uncertainty
With Brexit and the US/China trade war dominating the news, it isn’t surprising that you may feel overwhelmed with sensational headlines. It is worth remembering in these times that uncertainty is normal and volatility is often short-term. By using impulseSave® to top up when the markets fall and you’re behind your goal, you can buy into funds at cheaper prices and put yourself in a great position to benefit when the market recovers.
Don’t Put It Off
Acting on impulse means acting now. If you put it off, you won’t see your money compound and its potential to grow. In a current account, or Cash ISA, your money could actually be losing value, as the rate of inflation is ahead of interest rates. You can invest on impulse now and get your money working harder, in professionally managed funds with award-winning technology used by close to 20% of UK financial advisers.
Remember, if you think impulseSave® sounds like a great idea but you put it off, you’ll lose the opportunity. That’s how impulse works, act now or it’s gone and you’ll find yourself standing in a queue at the coffee shop once again.
Try impulseSave® for yourself. We believe it will revolutionise the way you think about investments and help you reach your financial goals faster.
*The calculation takes into account our average annual fee of 1.16%. It doesn’t take into account the impact of inflation, which will reduce returns, and assumes you only make the contributions set out.