Earn Money online
Looking for an easy way to save and make extra money? Want to turn your spare change into real money? Well look no further!
The Jar app is here to help you save and make money in ways you never thought possible. Whether you’re a seasoned saver or just starting out, this app has simple and practical ways to add money to your wallet regularly.
In this post I’ll show you how to make money with the Jar app. We’ll go over its features, how to maximize your earnings and how to make it a part of your daily routine. By the end of this you’ll be ready to get the most out of the Jar app and watch your savings grow effortlessly.
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What is Jar App?
The Jar app provides a unique approach to conserve digital gold by automatically rounding up your transactions to the next Rs. 10 or Rs. 5. This function allows users to quickly keep spare change. The program, developed by Nishchay AG and Misbah Ashraf, works as a digital piggy bank, allowing users to begin earning gold through ordinary spending.
Main Features of the Jar App:
- It rounds up your transactions to the nearest Rs. 10 or Rs. 5 and invests the difference in gold.
- You can save daily, weekly or monthly amounts ranging from Rs. 10 to Rs. 500.
- There is no minimum lock-in period so you can withdraw your investments within 24 hours, so you have plenty of flexibility.
- Government charges 3% goods and services tax (GST) on digital gold purchases.
- Buy-Sell Spread: The difference between buying and selling prices is about 2-3%.
How to Earn Money from Jar app
The Jar app’s “Refer & Earn” feature allows you to earn up to ₹500 in gold just by inviting friends and relatives. Imagine turning your social circle into a goldmine! To get started, open the Jar app, hit the hamburger menu in the top-left corner, and select “Refer & Earn”. It’s that easy!
But this isn’t everything. With the Jar app, you can now invest in digital gold. Take advantage of “Shubh Muhurat,” or auspicious periods, to buy gold at a bargain. It’s an effective technique to increase the value of your investments.
And here’s the greatest part: if you’ve accumulated at least 0.5 grams of gold, you can increase your holdings even more. The GoldX Leasing Plan allows you to lease your gold and earn up to 14% annually. It’s a win-win situation for both saving money and increasing your digital gold investment.
Spin to Win
Users get spins every time they save money using the Jar app. These spins let them to receive incentives, which are recorded as Jar wins. These winnings can then be utilized to earn additional gold for future gold purchases, making saving with the Jar app more thrilling and rewarding.
Gold SIP
Retail individual investors frequently use SIPs, or Systematic Investment Plans, to slowly develop their wealth. You can gradually construct a large portfolio by investing fixed amounts of money on a regular basis in lower denominations, such as thousands. With the Jar app, you can quickly set up SIPs to invest a predetermined amount on a regular basis. This constant method enables you to capitalize on market changes and compound growth over time, allowing you to generate money more effectively.
Gold Spare Change Investing
This new concept, also known as micro-investing, enables smart investors to convert their spare change into a lucrative long-term investment by purchasing digital gold. The Jar app allows you to effortlessly round up your daily transactions and invest the difference in digital gold. This simple yet successful technique allows you to create a substantial corpus over time, putting your tiny investments to work for you. By using the Jar app’s gold spare change investing feature, you may progressively increase your wealth.
By using these features, you can steadily increase your wealth and earn money from your daily expenditures.
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Jar App Disadvantages
- Service Charges: The Jar app’s gold price may be higher than the market price because to service charges. This implies you may be paying a premium over buying gold straight from the market.
- Buying and Selling Prices: The Jar app’s purchase price for gold may be somewhat higher than the market price, while the selling price may be slightly lower. As a result, investors may need to hold onto their investments for a longer amount of time in order to achieve a reasonable return.
- Withdrawal Time: You must wait 24 hours before withdrawing any monies invested in digital gold. For example, if you withdraw your money on Monday morning, you will only have access to it by Tuesday morning, which may be difficult in emergency cases.
Conclusion
The Jar app provides a simple and unique way to save and earn money by converting your spare change into digital gold, offering various savings options, and allowing you to take advantage of auspicious buying seasons. The “Refer & Earn” option allows you to refer friends and earn up to ₹500 in gold.
The GoldX Leasing Plan allows you to lease your earned gold and earn up to 14% yearly. By adding the Jar app into your everyday routine, you can easily increase your savings and see your wealth rise.
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