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Having smart money skills is great at any age, but especially while you’re setting up your financial future. Some say it’s effortless, but it’s definitely a something that can be learned and worked on, especially as a Millennial. To help you on your way, we’ve put together 3 tips on how you can be smarter with your money.

 

Put Your Change Away

Putting change away is a quick and easy way to start putting some money together. While it might not sound like much, rounding up a $4.25 coffee to $5 gives you an extra 75 cents to play with – doing that a few times a week adds up quicker than you’d think, and you often won’t even notice you’ve put it away, which is the easiest way to do it!

Whether you decide to save your change for something specific, put it away for a rainy day, or reinvest it as it comes in, this is a great smart money hack.

 

Invest Regularly, Even Small Amounts

Following on from the last point, investing even small amounts regularly can be a great way to build a portfolio over time. Topping up your investments with spare change, extra pay or cash in your birthday card can give your balance a big boost over time, and is a smart money staple.

With Unhedged, you can get started with as little as $100* and go from there – perfect for getting some investments moving before topping them up with a little bit extra here and there!

 

Don’t Feel The Need To Watch Your Portfolio 24/7

If you’re a full-time investor with a direct line to Wall Street, you might be keeping an eye on your portfolio most of the day, and that’s fine. But if you’re only just starting out, or investing to give yourself a leg up in the background while you concentrate on other things, you don’t need to have the Unhedged app open 24/7.

With Unhedged’s algorithmic investing, we’ve got AIs doing the hard work in the background so you can focus on living your best life. This means that once you’re set up, you can set and forget if that’s your style, or pop in to top up your investments whenever you’re ready.

 

Invest With Unhedged

One of the best ways smart money tips for Millennials is to invest with Unhedged. With our algorithmic investing and tips from experts, you can be confident that your money is working for you all the time, while you go about doing whatever it is you do best.

If you’re an Australian resident you can join 5000+ Australians by clicking the button below. Keep in mind there are no long term commitments.


*Fees and costs also apply to an investment in Unhedged. Please read the PDS available on our website before applying.


Units in the Unhedged Fund are issued by Melbourne Securities Corporation (MSC). Please consider the PDS and TMD available on our website before applying. All investments carry risks and you may lose your money. Past performance is not indicative of future performance. The information in this report is general information only and does not take into account your personal circumstances, financial situation or needs.