Invest where you shop
Grifin is an automated investing service for mobile users. It is a free finance app, which allows you to invest $1 in a business you shop in. The app supports hundreds of companies, so you can invest almost anywhere. It automatically adds stock to the company as soon as you shop. With this, you don’t have to make the deposit yourself. However, the app requires users to connect one checking account and one debit or credit card.
What is Grifin?
People often think that investing in a business involves a lot of money, and requires a complicated process. Grifin is here to debunk that myth. With the app, you can invest your money not just in one company. Moreover, it only takes a dollar. As noted, this program is an automated investing service. You automatically invest in the shop whenever you make a purchase. For instance, when you buy a brewed coffee or a frap at Starbucks, you automatically add $1 to the company’s stock.
The app supports more than 200 companies, plus their brands and subsidiaries. Aside from food businesses, the software also supports shopping outfits, like Amazon and Target, and digital brands such as Netflix and Spotify. Don’t worry if your shop is not on the list. You can still save money. The app will deposit your dollar to your cash fund whenever you purchase from a brand it does not support.
The app is designed for every type of investor. It is both simple and easy to understand as if the stock market is not intimidating. The interface is easy to understand, and as mentioned, investing is automatic. To use the program, you need to connect one checking account and one credit or debit account. The program will then use the purchases you make on those accounts to determine which stocks you will invest in. However, you cannot add more than one account to the app.
Earn as you shop
All in all, Grifin is a good starting point if you are thinking of venturing into investment. The app makes it easy for beginners by adding stocks to the companies where they shop. It also does things automatically, so you don’t have to do things by yourself. Providing account information can be a setback since this is a digital platform. Still, the app is secure, so you don’t really have to worry about it.
