The concept of savings is a fundamental part of any budget, this allows you to raise money to have resources in the future. To do it safely it is important not to entrust our savings to anyone, the recommendation is always to resort to regulated financial institutions.

Informal savings schemes are better known as batches pyramids 

More recently as: “The Flower of Abundance,” “The Gratitude Cells,” “The Circle of Prosperity.” First impression they are very attractive because they offer huge returns in a very short time.

These schemes work as follows

There is an organizer, which is the one in the center of the flower or at the top of the pyramid, this person has two support people who will be in charge of recruiting two more people each and so on.

The recruited people will give a contribution, which can range from hundreds to thousands of pesos. The money collected will be given to the one in the center of the flower or at the top of the pyramid. Subsequently the others will level up in order to reach the center / cusp and be benefited with money.

In order for these systems to be maintained, members need to keep raising money from new savers / investors, otherwise they will never get any money.

Miraculous savings schemes

Obviously these schemes reach a point where they are unsustainable and, when the chain is broken, they end up in the dissolution of the scheme before those who already contributed their money can recover it. That is, the only people who benefited were the people who initiated the scheme.

Do not put your assets at risk, always make sure you deposit it in safe hands that will answer for it.