Savings Account

A few years ago I made a broader goal of achieving 1 million dollars in my savings account by the time before I will turn 60 in 2045.  The plan went well until the Pandemic hit my portfolio in March 2020, later that year I bought an…

On May 28, 2020, I started a new 52-week money saving challenge - investing with funds at my local bank account ( 52 Week Money Saving Challenge 2.0. SEB Funds ) Today, already 21 weeks have passed since the launch, and I decided to write…

About 2 years ago I started a simple, so-called 52 Week Money Saving Challenge. The rules for this challenge are very simple - to deposit in the first week one euro, in the second week - two, third week - three, etc. The amount after each…

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…

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…

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…

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…

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…