Saving
Compound Interest
πΎ SavingInterest that earns interest on itself, making money snowball. The earlier you start, the stronger it works.
Parking Account
πΎ SavingAn account you can freely deposit to and withdraw from that still pays interest β a parking lot for waiting money.
Emergency Fund
πΎ SavingMoney set aside for sudden blows β job loss, medical bills, urgent repairs. The cornerstone of any money plan.
Housing Subscription (Cheongyak)
πΎ SavingKorea's system for applying to buy newly built apartments. You build eligibility by keeping and funding a subscription account.