Would you rather save alone for 12 months and get the cash at the end, or do the same with your friends and get your savings sooner? If you prefer the latter... Potos is made for you! The idea: First, consider normal saving. Suppose you want to save up €500, so you set aside €100 every month for five months. Come February, you can finally spend your €500. Simple and safe, but we can make saving better... Now, gather your friends... With more people, each saving their money separately, you'll end up with the arrangement pictured to the right. Everyone's saving €500 in five €100 chunks, just like before. Great, now on to the cool part... Our alternative: pool your resources. Each month, altogether, you already have €500, which means you can pay out one person's entire savings every month. So with Potos, every month, a participant from the saving group is selected and awarded the entire pot.
