I live at the intersection where Spendthrift Avenue meets Frugal Lane. I live in a humble home built of fickle sticks under a flimsy roof where I have just about the same level of interest in running up credit card bills as I have in stockpiling my savings: about zero. I don't want the stress of dealing with debt nor do I want the long, plodding risk-averse life of being a miser. Whenever I share my lack of interest in Watching Money Work, a well-intended friend asks me if I've heard of Dave Ramsey. I think they are always disappointed that I do know about Dave Ramsey and do listen to his podcast but also that I do really think the (near?) obsessive focus so many Ramsey-ites adopt about their money is off-putting. Even if his methods are proven. Being super money-focused isn't my jam.
What is my jam is occasionally having fun with my dough. Spending it on others in small little ways that delight. Donating it to an organization I support. Socking away a few bones into my kids' college funds.
This is why I enjoy the Stash. It's about small, little, measurably consistent ways of saving money, that keeps it fun. To be honest, I don't know that it's the best way or even a wise way to save money, so I'm not putting all my pesos in this one bolso. What I do know is that when I opened my account in May, they gave me $5 to start. And now, at the end of August, I somehow have $100 that I didn't have a few months ago.
Here's the proof in the pudding. I'm showing you my debits and credits in the account.
In May, I invested the $5 minimum and ran with it. Invested $30 more of my own. Learned the platform to see how I could maximize my dollars.
The next month, I invested $20 more. Nothing earth-shattering happened, but I felt good knowing I had a consistent plan to stick some money in a digital drawer that nobody was going to touch.
In July, I was a big saver and put away another $20. I know. Eat your heart out, Dave Ramsey.
Last month, I put $10 into Stash, and moved some cash within the account into different stocks. Each month, I paid between $.50-$1 in fees.
Three months. I invested roughly $90 of my own money. And now I have $100. I've had fun rolling the dice with some microinvestments and learned a little bit more about the stock market. With Stash, you can invest in a mix of stocks and funds or identify specific companies where you want to send your pocket change.
Stash has a "Get $5, Give $5" that I'm happy to share here to start your investing fun.
As I mentioned, this isn't a magical piggy bank, but it's been a motivating force to save that was not all-consuming but actually fun and cultivated helpful habits that I hope to continue.