Use selfie bank to save money

What is Selfie Bank?

It’s not a bank; it’s self-saving at home, but calling it a ‘selfie bank’ is just to make it attractive and interesting.

This creation is derived from the technique of bank business.

In general, we put money in the bank, and the bank will give us interest. So, selfie bank uses the same method, but we put money into our savings box, and we give interest to ourselves. 

The differences between the bank and selfie bank

Bank

- We put money in, and the bank gives us interest.

- The bank gives low interest.

- We need to wait for a long period.

- The bank sets the rule.

Selfie bank

- We put money in, and we give interest to ourselves.

- We give high interest.

- It is not long.

- We set the rule.

For instance,

We put USD 10.00 into the savings box. Then we determine that if money can stay in the box for one week, we will give interest of USD 1.00. And we can repeat this action till we get the amount that we are planning to save.

Remarks

Even though this is not a way to be rich. It’s just a way to make our savings more interesting. And it can end at any time we wish to.