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Savings is and most be an important part of anyone who wishes to avoid had I know In the future. Savings is not just what we should try to do, but it's a necessity. There are times that our savings will in turn safe our life or work for us in times of emergency.
Before we proceed, savings is the amount of money set aside from your income for future use. It can also be a valuable asset nit just money, but the key thing is that, it must not be consumed immediately but in the future.
First how do I save ? Starting from when I was in school, there is this daily contribution that I use to do, the lady will just come around everyday and I will be contributing 30 to 50 naira daily. At the end of a certain month, I was able to save a good amount of money that was enough to handle some of my basic needs in school.
After school, I relied mostly on a particular bank account that comes with a little interest, but still I don't really like saving with the banks because of all these their inconsequential charges. So most times I join esusu with colleagues, but here there will be no interest, but at least you will get your money and in a bulk.
Furthermore, I try to invest money in things that I am sure will yeild some interest. Instead of saving it in the bank that will be deducting different kinds of charges. But since having some money in the bank to aid transaction is necessary, I ensure I save some in any Fintech bank, the Fintech banks will not charge you recklessly like some banks. And some of their savings comes with interest depending on the amount and the duration of saving. Some Fintech banks really encourage savings and will give you an option of saving for a particular duration without being able to touch that money till maturity. I have started some savings for this year , which I know will help me complete some necessary projects . And part will also help me carry out tge charity service project that we do annually.
