Saving money is a nice and important thing to do. However, where to save is also an important factor. A number of risks may arise if you still save money at home.
Risks of Saving Money at Home
1. Being eaten by termites
Not long ago, news went viral about an ASN in Madiun whose savings were eaten by termites. His money was kept in a plastic money box.
The incident of money being eaten by termites is not something new. Many similar incidents have happened to those who save money at home. It's a shame if you try to save money all this time but then it ends up being eaten by termites, isn’t it?
2. Possibilities of disasters
Of course, none of us wants a disaster. But, as Jagoans, we must take preventive measures as much as possible, including in terms of stashing money at home.
Saving in a money box or in any place that is considered safe at home is vulnerable to risk in the event of a disaster, such as a fire or flood. When disaster strikes, there may not be time to save money because the focus is on saving yourself.
3. The temptation to spend savings
This risk actually depends on each person. Some are easily tempted to use the money in savings. Maybe not all at once but dipped little by little. However, in the end it's the same result, which is no more savings left at all.
Safe Alternatives for Keeping Your Money: Locked Pocket and Bibit
For those who are still saving at home, there are safe alternatives that you can try, namely the Locked Pocket and Bibit. The Locked Pocket is suitable for your cash savings, while Bibit can be used as savings in the form of mutual fund investments.
Saving in the Locked Pocket and Bibit, you no longer need to worry about the risks above. You can monitor both savings in the Locked Pocket and Bibit mutual fund investments at the same time and at any time in one application, the Jago application.
Apart from that, they also help you achieve your financial goals. Especially for the Locked Pocket, you can set a saving target so you know how close you are to your dream. And, you can enjoy interest on the money you save.
You can create a Locked Pocket right away from Jago, while for Bibit mutual fund investment, you need to make sure that the Jago Pocket is linked to your Bibit account.
Regarding transaction security, you don't need to worry because Jago is a financial management application owned by Bank Jago, a digital bank with a strong ecosystem as a support system. PT Bank Jago Tbk is licensed and supervised by the Financial Services Authority (OJK) and is also a member of LPS deposit insurance program.
Let's start saving money in a safe place with the Locked Pocket and Bibit. Download the Jago application here.
