https://unleash.com.ng/

Habit can take time to form so also is the habit of saving.

In this post, I will show you some saving tips that you can use to save money quickly and easy.

Let’s get started…

1. Estimate your Earning
The first step in saving money is to know your total income whether on a monthly or weekly basis. Of course, you may not have an accurate figure, don’t worry as a rough estimate is okay.

This information will make you to also work out your expenses and know what is left to save.

2. Spend less than you Earn
To say the truth, expenses nowadays seem to be more than earning. Before the money enters, bills are already waiting to eat it up. However, to save, you must spend less than what you earn. This habit must be pursued vigorously.

Therefore, every unnecessary spending must reduce. If you keep at it, within a short while, you would have disciplined yourself to increase your saving habit.
Cut unnecessary expenses.

3. Open an Online Saving Account
To save properly, you can’t use the same account you use all the time. You must have dedicated savings account to where you can be sending your savings. This type of account allows you to save and also earn interest. In this case, an online savings account is your best bet. Easy to register and secure. In addition, it gives higher interest rates compared to traditional banks.

My online savings accounts are Reaprite and Piggyvest. Both give high interest rate.
You can sign up with this link and get 1000 naira
Reaprite:
https://app.reaprite.com/register/22660476
Piggyvest:
https://www.piggyvest.com/?newref=1&ref=9e9e90bd460719
You can also read about my comparison of Reaprite vs Piggyvest.
https://unleash.com.ng/piggyvest-vs-reaprite/

4. Save any Amount at Anytime
‘This is too small’, ‘I will save when I get a fat money’, or ‘I will wait till month end to save’. If you use to think like this, quit it. It is a trap that most people who want to save hold on to. But you have to conquer it!

The principle behind saving money is ‘little by little’ not ‘big by big’. For instance, 1 dollar that is regular is far better than waiting to have 100 dollars left to save.
Hence, don’t wait to save big money, rather, save any amount at any time you have it
This one tip was how I was able to exceed my saving goal this year.
Remember this quote: Little drops of water makes the mighty ocean.

5. Procrastinate
Procrastination is not always a bad thing. Sometimes, it is the best thing to do when it involves saving money. Is it a must to buy that clothes, Smartphone or a wristwatch now? When you critically look at your expenses, you will see what is needed, what can wait and what is unimportant. By doing these, you will be able to save money comfortably.

6. Use a Discount
So let’s say there is something that you must buy, you can consider a discounted purchase. That is, a 2% discount on your purchase can be put into savings. Remember, save no matter how little.
For instance, I usually buy airtime on JumiaPay or Chipper Cash App ( https://unleash.com.ng/chipper-cash-app/ ) a lesser price and Jumia site for shopping sometimes.

7. Quit Consumer mentality
Consumer mentality makes you always want to buy just anything that entices you. You don’t need that! Rather, as you save, also start to look out for ways your money can generate more money for you.
For example, you can invest your money in various businesses not only in stocks. Check the Piggyvest Invest section, Cowrywise.
Another option is to learn a skill to increase your earning. Lastly, you can start a profitable blog and make money from it.
https://unleash.com.ng/start-a-blog-and-make-money/

8. Borrow Interest-Free Loan
In your saving quest, you will most likely be tempted to withdraw and use the money before the allotted time. In this case, you can borrow money with no interest. How? Borrow from your friends or family. This approach will work if you have earned the trust of your family and friends because trust is the interest.

Final thoughts on Saving Tips
Savings is a good habit that when practised means you won’t always be broke.
Furthermore, as you save, start to think of how to invest your savings. Investment is the high level of savings that gives higher interest, albeit, involves risk. Therefore, do research and don’t invest all your savings at once. Diversify!
Do have more helpful saving tips? Please share in the comment section

Read the full article here
https://unleash.com.ng/saving-tips/

Great tips