Start monthly saving

You handle a lot of your regular expenses with monthly payments – why not make savings in the same way? Don’t wait for better times, as the best time to start regular monthly saving is right now. Click Portfolio Designer and select the products that suit you the best. If you need advice, leave us a contact request.

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.

Tips for monthly saving

  • Monthly saving is easy
  • You can start with 10 euros, but 10% of your monthly net income will make your investment more significant
  • Your time horizon should be five years at minimum – no maximum time limit
  • Don’t stop saving even if the market situation fluctuates

Start monthly saving right away

Portfolio Designer suits you if you want to create a fund portfolio quickly and easily. You can get started with 10 euros.

Start saving with Portfolio designer

Do you want advice from our experts?

If you want to discuss monthly saving with our advisors leave us a contact request, and we will call you.

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How to start monthly saving?

How to start monthly saving?

You can make an easy start by planning your saving, for example, like this: 

  1. Make the decision to start saving. You can start saving every month with Portfolio Designer or by asking for advice from our investment advisers.
  2. Think of how you could put money aside for saving. If you need to cut costs, you should see if you spend money on anything that you don’t actually need.
  3. Fix the amount of your monthly savings and be realistic when making the decision. You can change the amount of your monthly payment any time in accordance with your current situation.
  4. Save the amount once your salary is credited to your account. It will easier to plan your budget for the rest of the month when you have already included your monthly payment in your monthly expenses. 
  5. Don’t stop saving every month even if the market situation fluctuates
Saving in a fund or an account every month?
How much should I save in a month?
What is a good period of saving?
Why you should continue your monthly saving even in an economic downswing?

How to start monthly saving?

You can make an easy start by planning your saving, for example, like this: 

  1. Make the decision to start saving. You can start saving every month with Portfolio Designer or by asking for advice from our investment advisers.
  2. Think of how you could put money aside for saving. If you need to cut costs, you should see if you spend money on anything that you don’t actually need.
  3. Fix the amount of your monthly savings and be realistic when making the decision. You can change the amount of your monthly payment any time in accordance with your current situation.
  4. Save the amount once your salary is credited to your account. It will easier to plan your budget for the rest of the month when you have already included your monthly payment in your monthly expenses. 
  5. Don’t stop saving every month even if the market situation fluctuates

Saving in a fund or an account every month?

At first, you should ensure that you will have enough funds in your current or savings account for the expenses to occur in the next couple of months, as this is the recommended buffer for any unexpected expenses. However, an account is not a recommended alternative for long-term saving, as an account does not yield any return. On the contrary, inflation eats up the value of your account savings and their purchasing power will decline.

About saving in a fund every month

Saving in a fund every month is a better alternative if your period of saving is longer. Funds suit those who prefer to save regularly every month, as saving in a fund is easy and a more lucrative way of accruing savings than saving in an account. The longer the time horizon is, the more savings should be weighted in funds investing in equities, which at the same time come with a higher risk. 

If you prefer, you can opt for active funds that are managed by Nordea’s professionals so you don’t have to monitor the markets or companies as closely as, for example, in direct equity investments.

Do you know how much you should save?

There is no correct sum for regular monthly saving, but the minimum subscription to Nordea funds is ten euros a month. The rule of thumb is that, whenever possible, you should save ten per cent of your net income every month. You can change the sum if necessary.

Use our savings calculator to calculate how much your savings may grow in time.

What is a good period of saving?

In general, a time horizon exceeding at least five years is recommended for savings in a fund or in equities, but it's worthwhile for young savers to think tens of years ahead and to save regularly.

When starting to make monthly savings, you don't need to know how you will eventually use the savings. You may also withdraw your savings as necessary over the years, and you get to use your savings from a fund or equities, for example, within a few days. Thus you can realise even a bigger dream with the savings you have accrued during a longer period of time.

Why you should continue your monthly saving even in an economic downswing?

The benefit and idea of monthly saving are that you don't need to react to any short-term market fluctuations in any way. However, it is true that for many of those who are not so well versed in the equity market any drops in market prices may make their heart beat faster. Despite this, the poorest alternative for such investors is to redeem their investments at that point. 

After major drops, there have usually been considerable rebounds, and if you withdraw your savings before these rebounds, your return as a whole will end up being much lower. You must accept that there is always small fluctuation along the way and be patient enough to pursue your investment activity.

When the market is low, you will get more fund units for your monthly savings than in good times.

Start monthly saving right away

Portfolio Designer suits you if you want to create a fund portfolio quickly and easily. You can get started with 10 euros.

Start saving with Portfolio designer

Do you want advice from our experts?

If you want to discuss monthly saving with our advisors leave us a contact request, and we will call you.

Leave a contact request

Important information about fund saving

The information on this page is meant only to provide general product information and is not to be considered as advice. Please note that historical returns are not a guarantee of future returns. The value of your fund shares can both increase and decrease as a result of the market’s development, and you may not get back all the invested capital.