To start with microsavings, you can follow these steps: Choose a Microsavings Platform: Research and select a reliable microsavings platform or app that suits your needs and preferences. Create an Account: Sign up and create an account on the chosen platform, providing the required information. Set Savings Goals: Determine your savings goals and decide how much you can afford to save regularly. Link a Funding Source: Connect your bank account or other funding sources to facilitate automatic transfers or deposits into your microsavings account. Start Saving: Begin making small, regular contributions to your microsavings account as per your chosen frequency (daily, weekly, or monthly). Monitor and Track Progress: Keep an eye on your savings progress through the microsavings platform and adjust your contributions as needed.

Investing refers to the act of allocating money or resources with the expectation of generating a return or profit over time. In personal finance, investing usually involves purchasing financial assets such as stocks, bonds, mutual funds, or real estate, with the aim of growing wealth or achieving specific financial goals.

A daily SIP, or Systematic Investment Plan, is an investment strategy where a fixed amount of money is invested into a mutual fund or similar investment vehicle on a daily basis. It is a disciplined approach to investing that allows for regular contributions regardless of market conditions.

With a daily SIP, a predetermined amount of money is automatically invested into a chosen mutual fund or investment scheme on each trading day.