Around 9 months ago I started Online Income Reports series, sharing  income I have made solely on internet, by using my blog and sometimes some other websites (I have built by myself).

For now - there are two income sources that gives me some money - Google AdSense and affiliate marketing. With second making it's lions share (around 90-95%).

As well I'm living in fast developing economy of Georgia. Prices in Georgia are pretty low, and a person with $400 income monthly, can live here pretty good. Not to mention that average salary here is (was in 2012) around $413, while minimum wage is $51 (2014).

Since I'm living here, working here and really enjoying both living and working here - I decided to start some kind of savings exactly in Georgia.

  1. Now, first step was to open a bank account in Georgia.
  2. Second step was to open a savings account in Georgia.
  3. Third and most important step was to act.

So after fulfilling all of these above mentioned requirements I did deposited my first amount of money on savings account.

I did it on September 29th, 2014 (this is for history)

Starting deposit money was 300 GEL, what equals to around $170 or EUR 131

I made a table, to follow up my savings

Date Deposit (GEL) Annual rate Monthly rate Actual rate USD Buy USD SELL USD EUR Buy EUR SELL EUR
29.09.2014 300 6% 0.50%   1.738 1.768 169.68 2.215 2.276 131.81

My savings table

Goals

Do I have any goals with my savings? Well, kind of... for next 6 months I'm looking to save some 300 GEL ($170) per month. Then... I don't know. Either I'm going to re-capitalize my saved money in other, probably higher risk deals.. or.. 

So, for my first savings report that's all, I will add a next post after depositing next amount of money.

Get the latest dividend income article in your inbox

Join more than 260 subscribers and get notified once the newest dividend income article is is out.
* indicates required

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit Privacy policy