Savings Account

I first heard about such challenge from SEB Latvia bank - How to save 1,400 euros per year?The recommendation is simple - to deposit in the first week one euro, in the second week - two, third week - three, etc. The amount after each week continues to grow, up to the last week of the year, when it is 52 euros.As I love challenges and believe they…

I'm 31 now, I have a goal to save one million dollars by the time I will be 60. That's 29 years. That's $34,482.75 I should save each year, next 29 years in the row. That's a lot. I currently make less than $20,000 per year, by US standard I'm the one who falls into the category - working poor. However, unlike my colleges in US, I live overseas (…

Welcome to my third savings report, today I will look at historical exchange rates of GEL/USD and EUR and compare those with at the end of January (2015) with February 24. I started to save some chunk of money back in September 2014, since my "investments" was too small to buy some bonds, stocks or mutual funds, I decided to open a Savings…

n September 2014, I started a journey to build a savings account in the fast-developing economy of Georgia. With a strong command of the Georgian economy, I saw the potential to grow my income from my online sources and put it to work for me in the form of savings. My Income Sources At the time, I was earning my income solely through the…

For many years, I have been envisioning how to optimize my personal finances. Despite my aspirations, I have never established a savings account. However, I have decided to rectify this situation. A savings account serves as a secure repository for one's funds, and numerous options exist for opening one. For example, a compound interest savings…