Jagoans, when you see money sitting in your savings account, what do you do? It’s great if you do nothing. But if you use it for shopping, your savings will be empty before you know it. Are you a person who doesn't like the idea of letting money sit in your savings account? Here’s how to avoid the temptation to dip into your savings.
No More Dipping Into Your Savings
Try to remember, why did you put money in savings in the first place? Is it your goal to have an emergency fund that can be used to deal with an unexpected event? Do you want to be able to retire comfortably and not burden your children and grandchildren to pay for your expenses?
Whatever the reason, it must be very important that you decided to save. But, temptation is everywhere. When the savings have started to grow, you start seeing discounts everywhere you look. You know you have money in your savings and you can't stand it if you don't use it for shopping. It’s a shame to miss really big discounts.
If it happens, what are the consequences? Savings eroded. You dip into your savings little by little until you have no more money in it. Your financial goals are unlikely to be achieved. Oops. Fret not Jagoans, because there is good news for those of you who often experience this.
1. Save money in a Locked Pocket
To ensure your savings are safe from yourself, you can save or put your money in Jago’s Locked Pocket. As the name suggests, the Locked Pocket can keep you away from the temptation to mess with your savings because its main job is to lock up money.
As long as your Pocket is locked, money can sit peacefully, free from your distractions. You can decide for yourself how long you want to lock your money because the locking period is flexible.
What’s more, when you save money in a Locked Pocket, you can enjoy higher interest than saving money in a regular savings account. Your savings is safe from yourself and while making sure of it, you earn extra money from the interest.
2. Invest your money
In addition to saving money in a Locked Pocket, you can also invest your money. Investments, like mutual fund investments, are long-term investments whose results can only be enjoyed after a while.
Jago's collaboration with Bibit makes it easier for you to invest in mutual funds. In addition to securing money, investing in mutual funds is a way you can take to be one step closer to achieving your dreams. This is because you can use the income from mutual fund investments to advance your business, travel around the world, or fulfill your other dreams, whatever they may be.
By linking your Jago Pocket to your Bibit account, you don't have to pay top up fees and feel the hassle of changing applications every time you want to invest. You can also plan your investment every month through Jago with the Auto Top Up feature. In addition, your investment portfolio can be monitored directly from the Jago application.
Don't have a Jago account yet? First, download the Jago application here and then complete your Jago account registration.
