Hey there! Have you ever put spare change into a piggy bank or gulli, a small saving pot? Well, imagine if you could do that with your digital payments and make that extra money grow, just as a piggy bank store coin. Cool, right?
What you’re going to hear from me today is the platform known as the Jar App – the application designed to allow you to save and invest penny-pin money without much thought. And guess what? You could invest in it through buying gold! Well then, let me show you how this app is actually like.
What is the Jar App?
The Jar App is one of the coolest apps which help to invest the spare change in gold. You know that feeling when you make a payment and the amount does not complete the value of the round number? Just like, I will go for buying something and spend Rs. 199 and I’m left with one single Rs. 1 That spare Rs. 1 which all of us carry and never use is collected by the Jar app and invested in gold for you!
It’s like having an online piggy bank of sorts where, instead of depositing your spare change in a jar, the app transforms your change into 24-karat gold – the best kind, if you haven’t guessed already. Also you don’t even have to bother with gold coins or gold bars slung around your neck. It’s all digitally stored!
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How Does the Jar App Work?
If you spend Rs. 99.90 on something, and have Rs. 0.10 change in your pocket. As for the Jar App, the application itself will add 100 units to the amount total and 10 paise will go for the purpose of buying gold for you. It’s automatic! You don’t even need to blow it when it comes to that.
Setting Up the Jar App
The installation of the Jar app only requires the following steps; All you have to do is download it, link it up with your bank or your preferred payment account, and that is it. You can decide that it should round off every transaction to the nearest Rs. 10, Rs. 50, Rs. 100 or to any value you may feel like.
Why should You use the Jar App?
There are so many reasons why you should try using the Jar App:
- Easy Way to Invest:
You don’t have to be an expert in gold. The app does it all for you – with no input from you required!
- Small Amounts Add Up:
No matter if you are investing Rs. 1 or Rs. 5, weekly or monthly, the stakes gradually accumulate over time.
- No Hassle:
You do not need to travel to a jeweler to purchase gold or even bother whether or not it is secure. One of the features that make it safe easy to manage is that they are stored in the digital form of gold.
- 24-Carat Gold:
The nicest thing is you’re not putting your money into any ordinary gold gold, but 24-carat gold, which is a fairly good investment.
- Automatic Investing: You do not need to remember to invest. It’s something the application will perform time and again each time you effect a transaction.
Jar App Features
Here are some cool features of the Jar App that make it so awesome:
- Auto Round-Up:
And for each transaction that you make the app will round up the amount and invest the change – in gold.
- Notifications:
You shall be alerted on every time your money is invested in gold. It also provides an opportunity to always know the gold you have in your portfolio.
- Manual Control:
In case you don’t want to round up on specific transaction, you can always switch off the round up option and round up manually. It gives you control.
- Daily SIP:
You can also begin a daily SIP (Systematic Investment Plan) in which you save and invest in gold every day. You can select small quantities for example you can select Rs. 10 or Rs. 50. In the long run, it will assist you to build more of your savings.
- Spin to Win:
Sometimes, when you invest, you could even receive more fortunes or even shopping coupons! How fun is that?
Is Jar App Safe?
Yes! Trust me when I say this, The Jar App is not in any way a danger to be used by anyone at all. Of course, it adheres to all the legal requirements to safeguard your money and your investments. Also, your gold is stored electronically in a rather safe manner. You can take your money and invest with it like you would invest with a bank.
Gold Prices on Jar App
Doing business through the Jar App, you may find that gold bought is not sold at the market price. This is realized because the app might incorporate a small difference between the purchase and selling prices.
For instance, if the market price of gold is Rs. 6,400 per gram, the Jar app might set Rs. 6,429 per gram. And that, when one decides to cash in his or her gold, it may be sold at a slightly lower price. The only difference I observed is that there happens to be a small difference in the price at which you purchase gold and the price at which you sell gold, which is typical in investment apps.
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Conclusion
Simply said, the Jar App serves as a digital piggy bank for gold! It allows you to save modest sums of money automatically and invest them in pure 24-carat gold. It’s a simple way to begin saving without even thinking about it, and over time, those modest amounts can accumulate into a lovely little gold fund!
So, if you make a lot of online payments and want to turn your spare change into gold, try the Jar App. It’s straightforward, automatic, and makes saving enjoyable and effortless!
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