Interest rate 4.0 with 1 month term
According to a survey in August, banks' 1-month term interest rates range from 3.0 to 3.6%/year. In particular, Kasikornbank (KBank) has a term deposit interest rate of 4.0%/year. Attractive preferential interest rates from KBank are the "door" to attract investors to invest short-term, preserve capital for quick profits and wait for more ideal opportunities.
According to this bank's introduction, Kasikornbank (KBank) has nearly 80 years of experience and development and has been recognized as "Best Retail Bank in Thailand" for 14 consecutive years.
Establishing a branch in Vietnam in 2021, providing many services for individual and business customers. The highlight is the online savings service with competitive interest rates through the K PLUS Vietnam e-banking application.
Experts advise how to spend personal finances appropriately
Understanding the knowledge and smart management of personal finances will help you achieve your goal of financial freedom.
According to observations, there are 3 most common types of personal financial management. Thoroughly cut expenses to save as much as possible, spend first and then save the rest or stick to a clear financial plan. Regardless of your spending style and money management style, understanding the knowledge and smart management of personal finances will help you achieve your goal of financial freedom.
Spend less, save more
With this method, users will always prioritize spending most of their income on savings. They aim to accumulate large assets for long-term needs and can be ready to respond to financial risks at any time.
However, the pressure to spend most of your income causes difficulties and limits your needs in life. The important thing is to find the right spending-saving balance and make sure to use your savings for the best profitable investments. Once they achieve their financial goals, they can enjoy a better quality of life and less stress.
Spend first, save later
These people prioritize their standard of living to have a comfortable and fulfilling life before other aspects. They are often not too strict when making shopping decisions with a "come here or go there" lifestyle. However, skipping the stage of preparing financial reserves can cause great risks when difficult situations arise such as illness or the need to purchase high-value assets. Consuming more without control will make it more difficult to achieve personal financial goals.
To avoid overspending, this group of people can use instant salary deduction applications. This helps you spend comfortably while still saving a small amount of money. The deducted amount can be deposited in a savings bank or invested to make a profit.
Manage money using the 50-30-20 rule
This is the gold standard ratio in personal financial management. Use 50% of your income for essentials like rent and food, 30% for the remaining expenses, and at least 20% for savings.
A successful financial manager is always a person with a plan and discipline. They understand and control effective savings, make smart decisions, and achieve financial stability in their personal lives. Learn how to put capital into many different asset portfolios and diversify investment forms to have a solid amount of money to achieve your long-term financial goals in the future.
Financial experts - "masters" of saving money
Experts don't care how much money they keep, but how the money works and generates more money. They manage personal cash flow effectively, increase multiple sources of income, manage cash, rotate investment capital and manage risk. There are many popular and highly profitable forms of investment savings such as stocks, real estate, and gold investment. Besides, experts always know how to diversify their portfolios, including high, medium and low risk channels. For example, bank deposits are an indispensable low-risk channel in an effective investment plan.
Regardless of how you save/spend, in an unpredictable economic climate, you should save a small amount of money for a rainy day, even if the amount saved is not too large. Short-term deposits, are a good option for those wanting to start saving as they are flexible with attractive returns.
Confidently save with outstanding interest rates for 1-month term deposits with an interest rate of 4.0%/year
Learn more here: https://kbankwbg.co/3S2rkyC
