Saving small amounts of money regularly leads to successful savings. Small amounts will add up over time and compounding interest will help your money grow.
$20 per week may not seem like much, but it’s more than $1,000 per year. Saving this much year after year can make a substantial difference as it can help keep your financial goal on your mind and keep you motivated.
To maximise the return on your savings, the chosen investment vehicle will play a critical impacting the effect of compounding interest.
For example: $20 Per Week invested in a Bank Account earning 3.5% after 30 years is estimated to be worth $55,169, or $20 Per Week invested in an Investment Portfolio earning 7.0% after 30 years is estimated to be worth $106,298.
Use our Savings Calculator to project the impact of implementing a Savings Plan.
