Master How to Save Money in Nigeria and More of What You Earn

Is there a secret towards understanding how to save money in Nigeria after you get paid at work? The answer is no. It does not require magic. Rather, what is needed is an understanding of tips and strategies that make it easier to save more of what you earn.
Many people consider a good job an opportunity to save more of their salary. For those who belong to this school of thought, they also believe a good job helps them transit into an improved lifestyle.
The popular belief is that a good job translates into the financial capacity to plan for things like a new car, investing in a startup or even a vacation to a dream destination.
Sadly, all of these depend largely on how much of your monthly income you are able to set aside and how disciplined you are towards sticking to your monthly budget.
The biggest challenge for most salary earners is sticking to the monthly plan as it directly affects other projected plans for the month.
In this article, we will focus on specific things you need to do to successfully save more of your earnings on a monthly basis.

Tips on How to Save Money in Nigeria After Payday

1. Draw Out Clear Goals

Thinking of how to save money in Nigeria after the credit alert comes in from the bank? There’s no better time to spell out what your saving goals are for the month than the beginning of the month. In other words, what you intend to do with your salary is just as important as the salary itself.
Also, ask yourself realistic questions. What are you saving for? Is it achievable? It is also important to put actual timelines to these targets you have set. These would serve as a source of motivation.
2. Keep Track of Your Expenses

Whatever happens, you have to keep track of your expenses. One easy way to do that is to come up with a rating system. For instance, if you earn N100,000 monthly and plan to save 60% of your salary monthly, draw up a rating system. Say, at the end of the month, you end up saving only 10% of your income, be honest enough to score yourself an F9. However, if at the end of the month, you discover that you have saved 60% or even 65% of your earnings, then you deserve an A1 rating.
However, you have to keep it realistic. Always remember that you cannot save 100 per cent of your salary.
3. Create a Budget and Monitor it

If you are planning to save a percentage of your earnings, then you should have a budget, and bear in mind that your budget should include everything you spend money on monthly; even money spent on airtime for your mobile device and money you set aside for charity.
Next page: https://olaintel..com.ng/2017/12/how-to-save-money-in-nigeria-after.html?m=1

Saving money from Nigeria is simple, you don't need to go buy a saving box and start squeezing cash to do that.
Technology and reputable online platform like

1. Sumobank
2. Piggybank
3. Cowrywise
4. Alat

Have all made Saving money very east.
sign up with any of those platforms and start saving.

About my recommendation for which is the best? Kindly use Sumobank, they don't just help you ave, they also help you build a life.

Here is are 20 great ways to save money in Nigeria every month. Published on Entorm website.