1. Monthly saving helps you avoid the pitfalls of saving in an account
Inflation is the rate at which the prices of goods and services increase. As a result of inflation, the value of your money decreases so you get less for the same amount of money you needed before. If interest rates are low and inflation is high, the value of your money will decrease even further.
Most Finns’ assets consist of their home and savings kept in accounts, which means inflation could have a significant impact on their finances.
By saving in a fund each month, you can aim for a higher return on your savings. You don’t need to have a large amount of money to invest – the most important thing is to start today. Your savings will benefit from the effect of compounding and could be worth a lot more over time.