Turn $20 Per Week into more than $100,000 • Think Big Financial Melbourne (2024)

Saving small amounts of money regularly leads to successful savings. Small amounts will add up over time and compounding interest will help your money grow.

$20 per week may not seem like much, but it’s more than $1,000 per year. Saving this much year after year can make a substantial difference as it can help keep your financial goal on your mind and keep you motivated.

Turn $20 Per Week into more than $100,000 • Think Big Financial Melbourne (1)

To maximise the return on your savings, the chosen investment vehicle will play a critical impacting the effect of compounding interest.

For example: $20 Per Week invested in a Bank Account earning 3.5% after 30 years is estimated to be worth $55,169, or $20 Per Week invested in an Investment Portfolio earning 7.0% after 30 years is estimated to be worth $106,298.

Use our Savings Calculator to project the impact of implementing a Savings Plan.

Turn $20 Per Week into more than $100,000 • Think Big Financial Melbourne (2024)
Top Articles
Latest Posts
Recommended Articles
Article information

Author: The Hon. Margery Christiansen

Last Updated:

Views: 5725

Rating: 5 / 5 (50 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: The Hon. Margery Christiansen

Birthday: 2000-07-07

Address: 5050 Breitenberg Knoll, New Robert, MI 45409

Phone: +2556892639372

Job: Investor Mining Engineer

Hobby: Sketching, Cosplaying, Glassblowing, Genealogy, Crocheting, Archery, Skateboarding

Introduction: My name is The Hon. Margery Christiansen, I am a bright, adorable, precious, inexpensive, gorgeous, comfortable, happy person who loves writing and wants to share my knowledge and understanding with you.