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Home» Questions»Q 130336
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

spencer
spencerEnlightened Mentor
Asked: April 26, 20242024-04-26T11:25:57+00:00 2024-04-26T11:25:57+00:00In: Money & Business

What's Your Experience with Automatic Savings??

Automatic Savings is a type of savings where a percentage is taken off your salary automatically by the bank and saved in a different account you can’t access, what’s your experience using this type of service, is it worth it for you?

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  1. Mika
    Mika Expert Mind
    2024-04-30T04:53:45+00:00Added an answer on April 30, 2024 at 4:53 am

    I don't do automatic saving. When I receive payment for my work, I manually deduct 10 percent and send the money to my saving account. Once my savings grow, I send the funds to my investment account and from my investment account, I started investing. I don't do automatic savings because my income fRead more

    I don’t do automatic saving. When I receive payment for my work, I manually deduct 10 percent and send the money to my saving account. Once my savings grow, I send the funds to my investment account and from my investment account, I started investing. I don’t do automatic savings because my income fluctuate and sometimes I am not even able to save a penny

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