Are you ready to make some real money moves?

Money Fact or Hack

Think you don’t have the funds to invest? Try this three-step exercise and see how things change. 

Step 1: Get your latest bank statement and go to your transaction summary. 

Step 2: Separate your purchases into the following two categories: (1) Needs vs. (2) Wants 

Step 3: Add up the amount of money you spent in the wants category.

Now that you have totaled up the amount of money that you have spent on wants, consider that total be the amount you could have invested in a stock, bond, or even applied towards debt that you have accumulated over time. Building wealth is more than making an income. Building wealth requires changes in behavior and thinking outside the box.

Was this content helpful?
Comments (0)

Sign In to leave a comment.

Download the CapWay App

Access more features to your Money Account

  • Money Goals
  • Request Money
  • Categorize Spending
  • Money Talk

The CapWay, Inc Debit Visa Card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

1. For Money Account holders with a negative balance, the CapWay debit card will go into freeze until funds are deposited to bring account back to current. See terms and conditions

2. Sending or receiving money from other CapWay account holders will be instant. Transfers from other accounts could take up to 48 hours, depending on the financial institution.

3. Early access to funds requires direct deposit. Early payment is not guaranteed and is dependent on the timing of payer's submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer's scheduled payment date.

4. Money Goals allows account holders to save money towards financial goals created within the CapWay platform. Funds can be transferred from your Money Account or saved through the rounding up of your transactions from purchases.

5. CapWay offers financial content through Learn Money free of charge, but may include advertisements through affiliates. Phunds, CapWay's literacy program and session, is paid content or co-branded content.

© 2019-2022 CapWay Inc. All Rights Reserved.