Savings Account

52 Week Money Saving Challenge 2.0. SEB Funds

June 09, 2020
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 week continues to grow, up to the last week of...

52 Week Money Saving Challenge

March 01, 2018
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...

Road To Million Dollars in Saving Account

January 01, 2017
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,...

My February Savings Report - GEL Loses Another 16.5% Against USD; -17% Against EUR

February 25, 2015
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...

My First Savings Report - September 2014

September 30, 2014
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...

Highest Deposit Interest Rates in Europe

September 28, 2014
I was searching online some information about interest rates for savings accounts in European Union for the year of 2014. Update: Highest Deposit Rates in the World by Country 2018 Basically, I was doing this "research" because I found that in some member states interest rates for savings accounts are...

Opening a Savings Account in Republic of Georgia

September 27, 2014
For a many years I have imagined how I will run my savings account - but I have never ever had one - so I decided to change that. What's a saving account - well it's an account where your money are kept. There are many options you can choose to have one. To name of of them - compound percent savings account - what...