A Simple Saving Plan is a straightforward approach to saving money where individuals consistently
set aside a portion of their income or earnings for future use. The idea is to build wealth over time with minimal complexity.
You commit to saving a set amount of money on a regular basis, such as weekly, monthly, or bi-weekly. This could be a fixed percentage of your income or a set dollar amount.
To ensure consistency, many people set up automatic transfers from their checking account to a savings account. This reduces the temptation to spend the money.
