Around 9 months ago I startedĀ Online Income Reports series, sharing Ā 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.
- Now, first step was to open a bank account in Georgia.
- Second step was to open a savings account in Georgia.
- 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% | Ā | 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..Ā
So, for my first savings report that's all, I will add a next post after depositing next amount of money.
