Saving is indeed burdensome if we feel that our savings are steadily decreasing and it takes a long time to reach the desired amount. Therefore you have to hold back with extra if you want to make savings because the balance continues due to administrative costs from the bank. This condition makes saving feels burdensome. No wonder many find it difficult to save and choose a credit card to meet their needs. This can lead to the accumulation of the obligation to pay bills. Moreover, the discipline in paying credit card bills has an effect on the credit score at Bank Indonesia.
Banking products to save money
We have to know about several banking products so that we don’t make the wrong decision. Why is this product less effective? if you want a financial product that can maximize the value of the balance by bistromd cashback
Savings is the most common banking product. How to have it is very easy, just create an account and you can immediately save at the bank.
The convenience of ordinary savings is that the minimum balance is not too large. Besides, we can withdraw funds and make transfers to other accounts at any time from savings. On the other hand, the existence of internet banking and debit card facilities equipped with savings makes it difficult for us to be disciplined and not use money from savings. Especially if there are attractive promos from banks and merchants, the impulsive use of debit cards can occur.
Thus, you should consider having other financial products more.
Term savings are arguably a responsive solution to discipline in saving because they cannot use the money in a time deposit unless the contract period has expired.
However, because this type of savings cannot be withdrawn at any time, you must have two savings or savings accounts. Namely, savings that can be used at any time and term savings.
An E-wallet or electronic wallet is a payment system that simply uses an account on an application or platform. E-wallets are made to make it easier for us to make transactions or pay bills.
How to have an e-wallet is quite easy, just register, then transfer via ATM. Usually, when the transfer is selected is a virtual account. It is no less important that every e-wallet platform has its own unique code.
Here money can be used at any time. We can also save money in e-wallets. It’s just that, the weakness is that the funds that have entered the e-wallet cannot be withdrawn and the balance in the e-wallet will not increase or remain. The balance decreases according to the amount of your shopping value. These funds are indeed used to make excuses online via e-wallet accounts.
Online savings are the right choice of saving in the modern era. But how can you keep your savings balance growing? It turns out that saving is not only in banks with conventional savings. Now with the help of technology, you can also save with online savings.
Some tips for increasing your savings balance
- Determine the purpose of saving
This goal is not necessarily for something big. It could be saving to buy a new laptop or to be able to travel abroad.
- Know the interest and monthly fees for savings
Monthly administration fees can also impose on customers that will prevent savings from growing.
- Set aside savings in each receiving income
Discipline yourself to set aside funds for immediate savings when receiving income.