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ESL forum > Ask for help > What do u call it?    

What do u call it?



lofthanzaaa
Germany

What do u call it?
 
What do you call it when a group of people decide to save up money together so each one of them gets the money at a certain time. For example, twelve people decided that each one will pay $2000 every month so one of them gets $24000 each month throughout the year. Do we call it group saving? Savings group? What do we call it?

14 Jan 2015      





Apodo
Australia

Savings Group is the term used here:
 
 
 

14 Jan 2015     



Peter Hardy
Australia

I �d call them �Lucky bastards � as I barely manage to save $2 a month :-)  Peter

 

15 Jan 2015