Quarterly savings

Meaning :

Quarterly savings means setting aside a specific amount of money every three months as part of a planned way to save. It helps people and businesses grow their

money gradually and stay disciplined with their finances.

Example : 

For instance, saving ₹5,000 every three months in a quarterly recurring  deposit is an example of quarterly savings.

How to Understand : 

Think of it as breaking a big yearly savings goal into four smaller steps.

Instead of saving a large amount all at once, quarterly savings make it easier and more  manageable.

It fits well with budgeting and planning how money comes in and goes out.

Importance :

Quarterly savings help improve financial discipline.

They assist in building emergency funds for unexpected expenses.

They support both short-term and long-term financial goals.

They make wealth creation easier through systematic planning.