Treborika wrote:This can be well said but practically can't be easier at all. In my country no interest can be accrued from such small deposits to an account no matter how long you can run the account
kennysplash wrote:I wouldn't think about the interest though, it's nothing much on small deposits. But you'll be surprised at how much more you can actually save with this strategy.
JASPREET wrote:I have not been successful with it but I am looking forward to start so that I can save for Next diwali which is quite far so I can save a good amount
augusta wrote:If we wait to start saving big it will take a longer period, the best bet will be to start with what we have no matter how small.
ptrikha21 wrote:This is a very valid and useful tip. In some ways I have been trying to do this.
There have been some constraints like inflation, Place shifting and others.
Yet I believe that such an approach can help in a medium to long term, like it helped me with a small amount Mutual funds SIP.
Yugocean wrote:ptrikha21 wrote:This is a very valid and useful tip. In some ways I have been trying to do this.....
When I was young lad, I used to invest my pocket money in Bank, later I was able to purchase a nice furniture. Imagine how small saving will help.
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