It's always the right time to start monthly saving
If you are able to start saving, become a monthly saver. A regular and target-driven approach to monthly saving will allow you to increase your wealth in the long term.
- As saving becomes part of your monthly routines, you are making savings almost without noticing it.
- With regular monthly saving, you will benefit from the effect of compound interest and you will receive a return not only on your original investment but also on the return paid on it, i.e. you will be paid interest on the interest you have received.
- Saving every month allows for the time diversification of your savings and you may benefit from even a weak market situation, as when the markets are low your monthly payment will buy you more fund units than when the markets are high.