Dates are important and help track timelines. Once you setup a group, there are three main dates you probably want to track:
(1) Group Start Date
Description: Shows the date of group activation
Timeline: According to date selected when creating group
(2) Auto-Payin Date
Description: Shows the date of next withdrawal from your bank
Timeline: 7 days before payout date
(3) Payout Date
Description: Shows date total funds are collected by a single group member
Timeline: According to cycle frequency (Biweekly/Monthly)
Example 1:
Cindy started a bi-weekly group savings goal called "Money Gang" with friends. Their group start date is 10th September, the auto pay-in date is 17th September and first cycle payout date is 24th September as seen below:
Example 2:
Mary started a monthly group savings goal called "100 Club" with friends. Their group start date is 1st September, the auto pay-in date is 24th September and first cycle payout date is 1st October as seen below:
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