Hnry + Hatch Partnership
Going out as a contractor or freelancer is an awesome way of life: you get to choose your own hours, develop your own work/life balance, and build out your own set of valuable skills. But when you’re earning independently, it can be difficult to get on top of planning around periods of potential inconsistent earning.
If you’re a seasoned independent earner, you probably already have a handle on managing your finances between jobs and around moments of inconsistency. But what about investing your money so it’s working as hard as you are? Maybe you’ve always wanted to start investing, but you weren’t sure where to start?
Hnry gives independent earners the confidence to plan around their earning patterns, allowing them to focus on financial goals like investing and saving. With our Allocations feature, Hnry users can smooth out any periods of inconsistent earning by setting aside a portion of their income to go to savings accounts, KiwiSaver schemes, investment portfolios, or any New Zealand Bank Account – every time they get paid. And through our partnership with Hatch, users can set aside a percentage of their income to go straight into investing into the US share market, making it even easier for independent earners to plant those seeds and prepare for the future.
If you have a Hatch account, it’s super straightforward to get a Hnry Allocation to Hatch all set up:
- In the Hnry app, navigate to the ‘Allocations’ tab under ‘My Account’ and click ‘Add New’.
- From there, just enter a percentage that you’d like to deduct from your income, as well as your Hatch reference, and you’re all set!
- Once the money arrives in your Hatch account, you’ll just need to select the funds you’re going to invest in and the rest is automatic! Note: the money might take a couple of days to appear in your Portfolio.
Don’t have a Hatch account yet? No worries: check out their handy set-up guide to get started.
What is Hatch?
Hatch allows users to start small with their investments. You can mix and match investments to build your wealth your way, and assemble a portfolio of shares in companies and exchange traded funds listed on the US share markets. Investing a dollar at a time and in fractional shares means that every cent of your money is put to use, and you can buy shares in companies that would otherwise be unaffordable.
New Zealand is pretty small, so by putting all of your property, job and investments in one basket, you might be running the risk of relying on a relatively small economy. With Hatch, you can diversify your investment portfolio and financial future, by investing in the world’s biggest share market.
What does this mean for Hnry customers?
Partnering with Hatch helps Hnry customers to gain even more control over their financial future by setting up automatic contributions into a ready-to-invest portfolio. We’re making it even easier for your money to work for you, allowing Hnry customers to plant the seeds and get organised now, so they can start saving right away and see the benefits later. From automating the tax payment and filing process, to making expense management simple and user-friendly, to smart invoicing and credit control software, to assisting in wealth growth and financial planning with Allocations, Hnry makes sure you’re always up-to-date on all of your financial obligations.
To celebrate our partnership, we paired up with Darcy Ungaro from the NZ Everyday Investor Podcast for a panel discussion around how to plan and invest for your financial future, where we answered audience questions with some panellists:
- Natalie Ferguson, Head of Product at Hatch
- James Fuller, CEO at Hnry
- Tom Hartmann, Managing Editor at Sorted
Check out the live stream of the event.