Definition
Informal savings clubs are a common form of thrift outside of traditional banking. Researchers report that in addition to being a way to provide insurance or purchase durable goods, they create a mechanism to deliver to their participants the self-discipline for saving. Are informal savings clubs a good alternative to traditional banking? Unlike the latter, there aren’t rigorous legal protections
In Panel Profits
In the Panel Profits market platform, Are Savings Clubs a Good Alternative to Traditional Banking? applies standard financial concepts principles to comic assets and physical collections.
Common mistakes
Do not infer unobserved prices.