Savings is the money one has saved, especially through a bank or official scheme. And also a reservation; an exception that should not be touched at the moment. 

It is also the act of doing the above.

They are money put away in safety; not to be used immediately and from which Capital can be raised by continuous addition of more funds, for the execution of not-too-far projects.

*In the course of this article we shall refer to money and cash as funds and vice versa*

Savings are not same as investments. When you invest, it is for the purpose of building and enlarging it for future projects. It yields high interests for you the investor. It is not readily available and has high risks.

Saving, on the other hand, is to build capital that can be used for other endeavors including but not limited to investments, in a short time. 

Savings are liquid (easily available for your use if need be) and involve low risks. 

We will discuss investments in subsequent articles. If you have ever been broke, cashless or koboless, you will appreciate the necessity of saving. You can easily withdraw and make use of your savings in emergency situations.

The beauty of saving is that anyone, yes, anyone can save. Regardless of how small you earn, saving should be a habit if you intend to be as successful as you dream. 

Children can save from the little money they get from parents and older family members. Your savings will save you a lot of trouble and will come handy on rainy days. 

Days of want will easily pass away when you call upon your savings. You can equally save for your child's education and your dream car.

METHODS OF SAVING
There is no one-way approach to saving funds. But no matter who you are, there is a method suitable for you, your lifestyle and business or work.

A market woman can not be advised to save at month-end just as a civil servant cannot make daily savings because his pay comes only at the end of the month. The following are proven methods that will help you save.


1. THE PIGGY BANK, SAFE BOX AND SAFE CONTAINER 
Suitable for little children between 2 and 5yrs.The old approach used and still being used in some homes by little children of mindful parents, is to put small cash in containers or boxes made specially for that purpose. 

The parents should oversee the deposition and removal of funds from the safe.

This method might work for a 2 year old up to his/her fifth year. But as the child gets older, this method will face some challenges and therefore should be changed.

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