#017 Round up to donate/save/invest

Does anyone use round up when paying? (e.g. round up to donate, save or invest)

I personally never use round up so I don’t quite understand the appeal, but A LOT of companies have this option for users. If you are using round up to save/invest/donate, what motivates you?

Example:

I’ve not heard of this

Hey Paul, thanks for sharing this idea! I’ve heard of round up features like this, though I haven’t personally used them myself. It’s a really interesting concept, and it could be a cool initiative for Neo to consider exploring. It’s great food for thought!

Monzo has this feature which was really good as helping save some money. You’d create a separate ‘money pot’ and any transition you used you card the rounded up amount would automatically land in your created pot.

So it’s simply a yes/no setting? You toggle to round everything up and send the difference to a separate account?

We have some upgrades coming to savings pots soon, although I don’t know if this is included.