SST 8% 🤯where is my Piggy bank ??

Are still using piggy bank method to save money?

If yes, then it is time to stop doing it.

Ever heard about the sentence “Don’t keep all your egg in one basket “ - below are few methods that we can use to divide our savings (You don't need a big monthly amount to start saving; just start with what you have).

Here are some of the robo-advisors + other platforms that we can make use of it to save for our emergency fund/vacation/ long term goal:

1. Stashaway (General investment - medium risk + Saving acc - low risk)

2. Versa ( Saving -low risk)

3. Kenaga digital investment (KDI) (Kdi invest - medium risk + Kdi save - low risk)

4. Luno ( High risk - be careful when investing in crypto)

5. Akru ( Medium risk)

6. ASNB (ASM3) (Low risk)

7. KWSP (Low risk)

* for muslim’s can use Wahed invest

**the risk measurement is purely based on my opinion (do your own research before dump in your hard earned money)

*** when investing in medium/high risk (volatile) platforms — take note to only dump-in those amount that you are afford to lose.

Do the research like how we study/stalk our crush 🤪. ( check the management fee/withdrawal fee/ interest rate / is it secure or not? / where the money will be invested - ETF/mutual funds/ unit trust/property/Currency etc)

Remember the Compound interest is like a snowball rolling down the hill. As it moves, it picks up more snow (interest), and the larger it gets, the more snow it accumulates.

*****Correct me if I'm wrong in any way; I'm open to learning from others as well. 🙂😊😃

If this post was helpful to you, please hit the like button.

Ps: We can still use our piggy bank for personal leisure without straining our regular finances. Its a great method to teach the kids about the importance of savings. Lastly, its all depend on our own financial goal. Plan ahead and lets enjoy the journey.

#MoneyTips #savingmoney #sst2024 #saving #BeReal