According to a survey; despite resonant growth in financial involvement and growing financial service industries. Nearly 69% of Indian households struggle with financial insecurity and instability. As a result of this, savings seems daunting, especially if you are thinking of savings. However, micro-saving apps like Spenny make it easier for every individual to participate in the financial market and invest without requiring much knowledge of investment or cash.
Spenny is one of the best micro-saving apps in Mumbai that automatically rounds up your transaction and invests the remaining change in mutual funds or gold. The term transaction involves purchasing any good or service through your debit or credit card. Additionally, it automatically generates a portfolio that matches your risk portfolio and investment requirements ranging from an average to a growing portfolio.
The aim behind this micro savings is the ability to invest and save in small amounts. It works best for people who cannot save and invest huge amounts of money. And a good method to save money and can help get out of debt easily.
Micro saving is a digital version of a piggy bank that can help beginner investors experience the conditions of financial markets and adopt smart financial habits.
Are you looking for the best micro-saving app in Mumbai? Then Spenny is the best micro-saving app in Mumbai that uses the "Roundup" feature to transform your shares into valuable return-offering investments.
All you need to do is just download the Spenny app on your android or IOS device, set up your account and you are all set to make additional income in Mumbai along with your regular one.
Micro-savings can't make you rich and might not be sufficient to plan your retirement savings, however, they can help you save a good amount of money every year. This is the money that you can use to repay the debt or finance your short-term needs. Since many such micro-saving apps charge a minimum amount to use their services, Spenny is the easily accessible automatic saving app in Mumbai that does not cost any fees to use services.