The concept of using technology to help save money is not new, with Acorns and INGs apps rounding each purchase you make to the nearest dollar and sending the spare change to your investment or savings account. But theres a new kid on the block putting their own spin on the concept to help consumers put their loose change to good use.
Source: www.carrottslc.com/au/
Sydney fintech start-up Carrott launched earlier this year in a bid to help millennials build their superannuation savings using lazy cash. The app works by linking to your transaction account and monitoring your spending. It rounds up each purchase to the nearest dollar and once the loose change reaches over $5 (or an amount decided on by you), …
Read the full article at: https://www.canstar.com.au/budgeting/carrott-new-saving-app-millennials/