Committee Savings Guide
Everything you need to know about managing committee savings effectively. From basics to advanced strategies, we've got you covered.
Quick Start Guide
New to committee savings? Start here to learn the basics
What is a Committee Savings Group?
A committee savings group is a traditional way of saving money where a group of trusted individuals pool their money together regularly. Each member contributes a fixed amount periodically, and one member receives the total pool each period. This continues until every member has received their share.
Key Benefits
- ✓Enforced savings discipline through group commitment
- ✓Access to larger sums of money sooner than individual saving
- ✓No interest or banking fees involved
- ✓Build stronger community bonds through mutual trust