I've always loved the contribution idea. It has helped a lot of people in my area to save money for big projects and for raining days. When they spend from their means, they save small until it becomes huge and they are disciplined because it's not them that holds the money. This your method will really help you especially in this era.

But a question.... What if something bad happens to the person getting these contributions and the money is gone? Do we say it's risky savings? 😁