April 11th 2023.
From biting your fingernails to scrolling through viral videos, habits tend to be easy to pick up, but far harder to ditch.
(Image Source: https://metro.co.uk) Stuart Fearn, a father of three and manager of a network of building societies in the north east of England, was no exception. Despite being a patron of Citizens Advice and helping countless people to save, Stuart faced his own struggles setting aside money for the future. That was until he discovered Plum - a smart money app with 1.6million customers that helps people invest, save and manage their spending. With the help of Plum's AI technology, Stuart was able to automate his saving and investing, with small sums being transferred into his savings automatically. In addition to this, Stuart also made use of Plum's other clever tools to set aside more money, such as 'Round Ups' and the '52-Week Challenge'.
(Image Source: https://metro.co.uk) Before investing, Stuart recommends clearing any high-interest debt and having an emergency fund, as well as having clear goals to determine success. He also advises to only invest in the stock market if you're prepared not to touch it for at least five years. With Plum, Stuart has been able to manage his money more effectively and practice a savings habit that will help him in the long run.
Stuart Fearn had a difficult time transitioning away from spending money to saving it. By downloading Plum, a smart money app with 1.6million customers that helps people to invest, save and manage their spending, he was able to create a saving habit. Through its use of AI, Plum's technology calculates how much you can afford to save on your behalf by analysing your bank accounts and cards. It then transfers small sums automatically into your savings. In addition to allowing Plum to save small amounts automatically, Stuart also makes use of the app’s clever tools, such as Round Ups, Rainy Days, and the 52-week Challenge.
(Image Source: https://metro.co.uk) Before investing, it's important to ask yourself a few questions such as if you've cleared any high-interest debt, have an emergency fund, and have clear goals. If you're prepared to not touch your money for at least five years, investing in the stock market might be a good option.
(Image Source: https://metro.co.uk)
(Image Source: https://metro.co.uk)
(Image Source: https://metro.co.uk)
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