Why Impact Savings?
We are on a mission to help eliminate financial stress for the everyday person. We do this by empowering people to understand their finances so they can save money and grow their wealth.
Research has shown that the largest determinant of household wealth for many people is how much they choose to save over time, with investment decisions making only 7% difference .
- “Choice, Chance, and Wealth Dispersion at Retirement”, Venti & Wise, 2001
Imagine the impact that saving can have on your finances and happiness. Easier said than done though. Right?
In his previous role as CEO and co-owner of a financial planning and accounting business. Impact Savings Founder, Jason Andrew saw hundreds of clients who all had a common concern: Cashflow. It didn’t matter if they were shift workers or executives on 7 figure salaries, cashflow and managing finances was a consistent issue that caused anxiety.
In fact, over 15 Million Australians suffer from some form of financial anxiety. If you don’t know where your money goes each month and how to save, then you’re not alone.
59% of Australians admit their financial situation causes them angst (1)
86% of Australians don’t know what their monthly expenses are (2)
A third of Australians are embarrassed about their spending habits
Perhaps you’ve tried setting budgets in the past. Perhaps you’ve downloaded your transactions and gone through your spending. But it just takes sooooo much time. Plus, OMG it is amazingly boring.
There are many financial sites out there, what is missing is an easy (like really easy) tool designed for real people. One that your grandma can use, but that the company CEO loves as well.
We make it easy for you with automatic categorising which gives you a quick and useful snapshot to help you get some financial peace of mind back in your life