Invest More Money With Smart Lifestyle Changes

It can be hard to save and invest these days, but business as usual is not an option either. If we continue to live the same lifestyle as before, we can expect a reduction in savings and fewer investment returns. But small changes to our lifestyles and habits can make a big difference.   

Save the Change 

In recent years, banking has become more digitized, and digital banking is now more secure, convenient, and accessible than any of the alternatives. Digital banking makes it easier to access, save, and invest your money, especially with their save the change functions. Every time you use the card, the bank will automatically round up the money and save the remainder.  

This small everyday money is sent to a separate account where it can gather interest. You can either use a high-interest account to invest the money or send it to an investment fund where you can grow funds with a personal investment strategy. Some people are happy to invest in a broad portfolio of options, but others are more particular and want sustainable investments. 

Calculate Electricity 

The cost of living has shot up in recent years; there has been a significant increase due to the political situation in Russia and the general cost of conventional electricity generation. The cost of electricity is so high at the moment that it’s forcing some companies out of business, and the government has issued supporting payments for electricity usage. But costs can be reduced. 

With some small lifestyle changes, you can reduce your electricity usage and your monthly bills. First, use an electricity bill calculator to find out what your current usage is and your expected bills, then adapt your lifestyle. Using a smart meter, you can track exactly what you are using for your various appliances, and a simple egg timer can help you benefit from a 4-minute shower.  

Investment Apps 

If you are new to investing, you might not have the skills and knowledge needed to make the most of your money. Investing is also a risk, so you stand a chance of losing your money if you don’t know exactly what you’re doing. One alternative is an investment app that acts as your portfolio manager, helping you to decide on the best funds and invest the money successfully. 

Investment apps like Plum are a great way to organize your investments and savings. These apps link directly to your bank account and take a standard payment from your every month - this payment can be changed in the settings. The apps also offer a save-the-change option. As well as investing your money, these apps can help you to set up a pensions fund and lots more.    

Ditch Bad Habits 

One of the best ways to save money and improve your financial health - as well as your physical health - is to ditch bad habits. A bad habit is one that results in poor health and hurts your wallet; often, these habits result from cravings and lifestyle patterns that seem like a good idea at the time but can hurt your wallet and increase your stress levels at the end of the month. 

Reflect for a moment on your habits; chances are you have a good impression of which ones are conducive to health and well-being and which ones are harmful.

Some Final Thought 

With the rising cost of living and the stagnation of wages, it is becoming harder for people to save and invest for their futures. But while the margins are tight, there are some simple lifestyle changes that can contribute to more investment funds and support a happier, healthier life.