Losing Money on Raiz? Here is what todo

Have you started using Raiz but noticed that your account balance has gone down?  In this post I’m going to explain what’s going on and what you should do.

What you’re investing in

When you invest using Raiz, your money is invested in a diverse portfolio of stocks and bonds.  So it’s important to understand that the stock market does go up and down.  So if you’ve invested right before the market has a downturn then your account balance on raiz will go down a little bit.

Read moreLosing Money on Raiz? Here is what todo

Raiz launches a messenger chatbot

My favourite investing app, Raiz, has launched a Facebook messenger chatbot.

You can use the bot for things like:

  • Ask what your Raiz balance is
  • Ask how much you spent on shopping last week
  • Ask the total of your roundups for the week
  • Ask if you can afford to go out tonight

This is a really nifty idea.  When I first heard about the chatbot, I didn’t think anyone would need it, but looking into how much it can actually do, it really does seem useful.  As well as questions about your account, you can also ask support questions on how to use Raiz and even general finance questions like “what is a stock”.

Read moreRaiz launches a messenger chatbot

Get $20 free to start investing on Spaceship Voyager

Spaceship Voyager is a great little app that lets you invest small amounts in “futuristic” companies.  Why invest where the world has been when you can invest in where the world is going?!

Read on to find out how you can get $20 to start investing on Spaceship Voyager.

How to Get $20 Free on SpaceshipVoyager

Here is how to get a $20 bonus on SpaceshipVoyager:

  1. Sign up through this link
  2. Link your bank account and transfer $5
  3. $20 will automatically be added to your account

Read moreGet $20 free to start investing on Spaceship Voyager

How to build an Emergency Fund

An emergency fund is money set aside in a bank account to cover unexpected expenses.  Here is why you need one and how to setup an emergency fund quickly.

Unexpected Expenses

At some point in life we are all going to face unexpected expenses.  These might include:

  • Hospital Visits and emergency care
  • Car repairs
  • Home appliance repairs or replacements
  • Unemployment

These expenses can be in the thousands of dollars.  In a worst case scenario you could be faced with both unemployment and an unexpected expense.  

Read moreHow to build an Emergency Fund

Why you shouldn’t book your flights on Flight Centre

This week ABC News published a report into some very dodgy practices by popular travel agent Flight Centre.  To be honest, I haven’t used a travel agent before They’ve always been more expensive and it has felt like a rip off.  I’ve gotten quotes from travel agents, but have always managed to find better prices online.

So if you’ve been thinking about booking some travel through Flight Centre or another travel agent, maybe you should rethink your approach.

Read moreWhy you shouldn’t book your flights on Flight Centre