Many people don’t save regularly because they think only small amounts are possible, and that a few dozen dollars a month won’t really improve their financial situation.
That’s a comfortable excuse, but it misses the point: every dollar you save reduces your vulnerability to unexpected expenses—like replacing a broken appliance—and brings you closer to your goals.
It’s true that saving a few thousand dollars a year can help you reach bigger goals like buying a car. But even a small emergency fund means you’ll need less credit when facing large expenses, which can save you a lot in interest.
And if you stick with saving over several years, even modest amounts can add up to a meaningful financial cushion. Investing your savings can also boost your returns.
Banks Offer More Options Than Ever
“Recently, many bank products have appeared targeting customers who want to grow their savings through regular deposits or prepare for larger upcoming expenses,” highlights Péter Gergely, financial expert at BiztosDöntés.hu.
These investment plans often let you start saving with small amounts: most providers require just a regular deposit of $60-85, and some even have lower minimums. Another big plus is that your savings are automatically invested in funds or fund packages you choose, so your money starts working for you right away. You can pick options that minimize market risks or go for higher returns if you’re comfortable with more risk.
“You can always ask for advice when choosing the right fund or package, and if the one you pick doesn’t work out, switching is an option,” our expert adds.
How Does Regular Investing Work?
Once your money is invested in one or more funds, the key is to have a securities account with the bank. Banks often waive the account maintenance fee for regular investments, and some even give you investment units worth several hundred dollars as a welcome bonus.
If you have a securities account, just decide how much to save each month and where to invest it. Then set up your regular investment order, and your savings journey begins.
“It’s crucial to choose an amount you can definitely commit to. If the bank can’t process your order due to insufficient funds, you might lose discounts and pay regular fees instead,” advises Péter Gergely.
Péter Gergely says regular investment programs help you build visible financial reserves in just a year or two. They’re flexible and come with many benefits.
“These programs are attractive because you don’t have to manage your savings actively; once set up, your money is invested automatically each month. You don’t need to commit to a fixed term, you can access your funds anytime, and you can redeem your units at current market prices. Usually, there are no extra fees except for the fund management charges. Plus, you can adjust your monthly amount anytime if your income changes,” Péter Gergely explains.
Our expert recommends starting a regular investment program only if you plan to save for the long term—at least one to two years. Frequently withdrawing your funds can prevent you from building the meaningful reserve you’re aiming for.
