Almost the same as saving money, saving money is a deposit in
the bank, but the larger interest of around 6% per year. It's just that banks
require a minimum amount to be able to open a deposit of Rp 8,000,000. You can’t
take any money as savings. Money deposited can’t be withdrawn for a period of
time, 1 month, 3 months or 1 year. Deposit funds
can be used for short-term needs such as money tutoring.
To open a deposit is no necessity at the time. But it's good since you already have a toddler. Set aside 10% of revenue each month then when the funds are sufficient open time deposits. The greater the amount of money you deposited the greater would be the funds that you receive each month.
If you want to increase deposit funds, make deposits in the form of auto roll over, meaning that the interest earned each month plus a deposit in the amount of funds each month so that the fund deposits increased.
For example, you have a deposit of Rp 100,000,000. Each month the interest received amounting to Rp 500,000 to Rp 100.5 million total. Front month will total Rp 100.5 million dibungakan again. So every month.
can be used for short-term needs such as money tutoring.
To open a deposit is no necessity at the time. But it's good since you already have a toddler. Set aside 10% of revenue each month then when the funds are sufficient open time deposits. The greater the amount of money you deposited the greater would be the funds that you receive each month.
If you want to increase deposit funds, make deposits in the form of auto roll over, meaning that the interest earned each month plus a deposit in the amount of funds each month so that the fund deposits increased.
For example, you have a deposit of Rp 100,000,000. Each month the interest received amounting to Rp 500,000 to Rp 100.5 million total. Front month will total Rp 100.5 million dibungakan again. So every month.
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