Micro saving your way out of wahala

Growth na growth: Money must be saved

Whether you are buying stuffs in the new month or you are paying for school books as your children resume school, you can still save some money even if it is small. Why is this important? Look, some of the people you know have money saved up for them that they don’t even touch- even if they buy new car, they still have it saved. Just because you are not working in their type of office should not mean that you cannot save some money on your own.

Yes you are laughing now, and thinking what can you probably save from the money that is barely enough to finish your house project. What about you make a plan to save in a way that you don’t even feel it? I will here site some examples. You buy things sometimes and leave the change because you are a nice person- what about you assume everything you buy cost a figure with zeros behind, then save the change. For example, you buy things from the market online and you let us pay 7000 for you instead of 6850. That is 150 saved! What would you have done with the 150 if you collected it, nothing memorable. You probably even be cajoled into leaving. Oga there is no change; how many times have you heard that? It is time to make those little things count. There are other ways you will lead to a figure that will surprise you as times goes on. All you need to do is find what works best for you.

What is Microsaving

Microsaving is the practice of making deposits into savings account without the hassles of conventional banking. Through this means, you or anyone can gather money little by little and not worry about minimum balance, banking fees, or the complex paper work to get started your financial journey in the first place. With microsaving you can begin to do big things with little steps. Before you know it, the money becomes tangible enough to do things. The best part of this is that you do it effortlessly and with a little payment. You can invest as little as five thousand naira into a portfolio without anyone looking at you a type of way. There are microsaving options everywhere all over the world. While saving habit is encouraged, they can also make purchases of certain items such as groceries, bills, or recharge of your phone easy. Other microsaving focus on helping you invest the little you save per time so it can add up quickly as returns on those investments yield.

It is often said that microsaving firms target low income persons, or people whose credit record is undeserving of conventional banking but this is not entirely true for all firms. For some, focus is on creating habitual financial strategy to reduce waste and enforce accountability. Parents may also open accounts for their children to inculcate financial discipline in them.

How to save your way out of wahala

How prepared are you to fix whatever gets broken. Things do fall apart but you don’t have to scribble for emergency funds all the time. What is your strategy for financing that project you have been procrastinating for lack of funds? You need to find a Microsaving firm that works with you to achieve your goal and to put your mind at rest. You can get on board very fast and begin to save up the same day. You will enjoy access to live report of your savings activity that will help you to understand your own habits. Let us help you get started as you begin a bold new strategy for your finances.

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