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  • RE: Pay Yourself First:Learn How To Save More Money
    New Member Asked on December 3, 2017 in Finance.

    It is usually easy to just saving.

    First you need to determine your objective and purpose for saving,  Do you want to save to purchase an item or car or build a house?

    You should have an amount of money in mind that will enable you achieve the objective

    You of course know your income level and how regular your income comes i,e, monthly, bi-monthly, weekly etc.

    You should determine what level of expenditure you make monthly or occasionally. You may have to review your expenses to remove unnecessar spending.

    You divide what is left by the particular number of months or years. This will give you the amount to save regularly to achieve your purpose for saving.

    If it is N1000 monthly for example that will enable you achieve your objective, then you must deduct the amount first before you start spending.

    You can save it in a bank or create a mobile money wallet and ensure you save the amount regularly.

    Sometimes some people are not disciplined enough to save consistently. I will advise you join a group. a thrift association or a a financial  co-operative     society. this will make you save mandatorily

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