1. Monthly saving helps you avoid the pitfalls of saving in an account
Most Finns’ assets consist of their home and savings kept in accounts, which means inflation could have a significant impact on their finances. 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.
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.