Many of us find it very difficult to save. I have had this experience too. I wanted to share a few tips that will help fellow Nairalanders save some bucks. Here are some tips you can start applying now:

1. Pocket Change
Keep a jar or some type of container handy and each time you
come home, drop in your change. Every time you break a bill, put
the change in your container. You will be amazed how quickly
your money will build.

2. Squelch the Smoking
This is probably the hardest habit to break but in addition to
saving your health, you will also save money. Cigarettes have
become quite expensive and if you can quit smoking, you will
enjoy breathing easier and having more to put away for a rainy
day.

3. Dinner Guests
Invite friends over for dinner as a potluck. People love sharing
their favorite recipe and by splitting dinner, everyone enjoys
variety while saving money. In fact, make this a tradition
amongst your friends.

4. Live Within your Means
The quickest way to get in debt is to live beyond your means.
Sure, most people want more than they have but life is not all
about spending money.
Be thankful for what you do have and learn how to enjoy the
financial position you are in. This is where your budget will help
identify the amount of money coming in against the amount of
debt going out.

5. Coordinate Efforts
If you are married, make sure you and your spouse are working
on the same agenda. If one is trying to save money while the
other is busy spending, what is the point? When you work as a
team, you can encourage each other to keep on track with your
saving.

6. Borrowing Money
Unless you have an emergency, avoid those enticing
advertisements to lend you money at incredible rates.
Banks and lending institutions make it much too easy to borrow
money and especially during the holidays, they flash all their great
advertisements drawing people in.
Afterwards, you have borrowed money that you could have done
without and now you are locked into a five-year repayment
contract. If you want a new car or boat, it is better to save.
If you do need a new car, avoid brand new cars, which lose
massive amounts of depreciation the minute you drive off the lot.
Instead, look for something a year or two old where you will still
have a nice car but much more in line with an appropriate cost.

7. Automobile Care
Keep your car oil changed, tires rotated, and overall care up-todate.
First, the $30 for your oil change will save wear and tear on
your car, which could result in significant money.
Second, you need your car to get to and from work. By not
having your car in top working condition could put you in a bad
position when it comes to required transportation.

8. Good Health
You need to make sure you take care of yourself physically.
Missed dental cleanings (every six months) can lead to gum
disease or tooth decay that can cost thousands to fix.
The same is true for your health. After trying home remedies or
over the counter medications, if you still do not feel well, see a
doctor. It is far better to pay the doctor visit than to let your
simple summer cold turn into pneumonia.

9. Turn your Hobby into Money
Everyone has a skill – find yours and turn it into money. For
example, if you have a skill for woodworking, start creating
children’s toys, or curio cabinets to sell. Perhaps you are
computer savvy and could teach a class at your local community
college. Find something you enjoy and sell it.

10. Life Satisfaction
Learn how to enjoy life and nature rather than possessions. The
next time you feel like spending money, head to your local park
where you can enjoy the warm sun, green grass, and towering
trees without spending a dime.
Being happy in life is far better than buying item after item.
Having an inner peace is better than having a house filled with
“things.”
That does not mean you cannot enjoy some of the finer things in
life it just means learning how to be happy with yourself and not
“things.”

Thank you for reading...

Where the mods at? This is a fp material

Nice


















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