Savings Plans can be tailored for a myriad of needs: marriage, retirement, new home, children’s education or even buying that luxury car you have always dreamed of – the reason does not matter. But the objective is always the same, to achieve a sum of money saved up within a certain timescale.

There are not many Expatriates who do not have some form of Savings Goal, the most common three being Education Fee Planning for their children, Personal Pension Plans and House Purchases. As we cover these specific goals in other sections of this website, we are going to generalize and explain what is to be gained by saving regularly towards any target or goal.

Regular savings differs from one-time investments because it is never a bad time to start saving – it is always a good time. For single investments you always want to buy in at the bottom, whereas for regular savings, if markets are up or down it really does not matter – the important thing is that you have started to save.

There is a method of regular saving that averages out the cost of the units you purchase with your savings and this is called ‘Cost-Averaging’ and can be prefixed by any currency that you are saving in (ie. Dollar-Cost-Averaging, Euro-Cost-Averaging etc. etc). For some months that you save, the price of a unit may be higher and you buy less units and some months the price may be lower and you buy more. This means that over a period of time, the amount you save each month is buying you an ‘average’ number of units and hence the terminology ‘Cost-Averaging’. This does not guarantee a profit although it is possible to make gains from markets which move up and down – which in effect are global markets and prices overall. For other examples of ‘Cost-Averaging’, we have compiled some examples Here.

So in effect, saving regularly reduces risk and ultimately gives you the freedom to watch your money grow without having to try to ‘beat the market’ - which not many people have the good fortune to achieve.

Our Advisors are very aware that saving for the future often involves much uncertainty because many people cannot plan more than a few years ahead in terms of their employment or personal lives, but at the same time we know that almost everyone needs to save money. So we source products in the Offshore market-place that offer the best flexibility around in order to meet the ever-changing personal circumstances of the Global Expatriate.

Gone are the days of having to save for years and years on end without being able to stop or miss payments, unless you received a heavy penalty. All of the savings products that we use are flexible and allow people to change the savings plan in order to meet their own changing circumstances and whilst the plan is always there to complete any savings goal, it is welcome to have the flexibility to change your plans to suit your own changing circumstances if the need arises.

To help you calculate out any financial targets that you have, any savings goals or if you just wanted to see how much you needed to save to be a ‘millionaire or billionaire’ (otherwise known as a Savings Goal), feel free to try out any of our Savings calculators by clicking Here.

If you would like to find out more about our Regular Savings Plans, feel free to Contact Us and an Advisor will be in contact with you within 24 hours.