May 25, 2024

Good or bad, everyone earns an income in some way. He receives a salary, earns from the workplace, or can have many forms of income, such as rent. Individuals who want to save are required to set aside at least 10% of their income. Although the minimum rate is 10%, this may vary for everyone.

 

Let’s take the minimum wage. The maximum amount that an individual with an income of 1300 TL should allocate for monthly savings is 130 TL. When he uses this amount for 12 months and invests in a completely risk-free deposit account where he can earn an average of 8 percent interest, the average income he will gain from the savings at the end of 1 year will be 1600 TL. If it continues to accumulate in the same way for a period of 10 years, it will not encounter any bad results at the end of maturity. In the good news, he will have security in hand for financial problems, health problems, or other things he may encounter.

Try to save at least 10% of your income without saying more or less. Even if you save an average of 5 liras a day, this amount is 1800 liras per year, and this is a significant amount.

Do not forget to try savings ways to save more .

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