A man from Telangana’s Mancherial district bought a Honda Activa scooter worth ₹1.23 lakh using ₹10 coins he had saved over three years, according to livemint.com. B Ravi Joseph, a resident of Luxettipet and a church pastor, accumulated the coins gradually from daily transactions starting October 10, 2023.
Joseph said he saved the ₹10 coins from everyday expenses such as grocery shopping and other outings, collecting the amount bit by bit. Initially, his family doubted the plan, but they later supported his decision. He originally wanted to buy a Royal Enfield Bullet but switched to the scooter due to financial constraints, as reported by PTI.
The story highlights a unique approach to saving money in small denominations over a long period to make a significant purchase. Joseph’s effort underscores the value of disciplined saving despite challenges, including family concerns and rumours about the ₹10 coin’s future as legal tender. This case stands out amid growing interest in alternative saving methods in India.
Joseph’s three-year saving journey began on October 10, 2023, and culminated in the purchase of the Honda Activa scooter. His example was shared by news agency PTI and covered by livemint.com, illustrating how consistent small savings can lead to achieving substantial financial goals.