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5 Reasons Every Worker Needs To Develop A Good Savings Culture by 24hoursreporter: 8:53am On Oct 30, 2018
The difference between a rich man and a poor man sometimes depends on savings culture. This is why you see two people working in the same organization but one has more savings. There is no magic about it, is just a matter of discipline and living within your means.

It may interest you to know that challenges are part of life. Your savings will always be your saving grace, especially during unforeseen situations. Whenever you are in a difficult situation, your savings will always rescue.

Reasons Every Worker Needs To Develop A Good Savings Culture

#1. Unforeseenforseen Circumstances

Unforseen circumstances is one of the reasons every worker needs to develop a good savings culture. As a matter of fact, when you develop the habit of saving over time, you will be able to weather any storm that comes you way. When other people are running helter skelter looking for money, you will be withdrawing from your savings to handle the situation on ground. You see, this is why you need to save little from your salary, no matter how little it is.

#2. Financially Balanced

When you have a good savings culture, you will be financially balanced. When other people will be running helter skelter looking for money to borrow, you will simply be spending from your savings.

#3. Enables You To Take Advantage Of Investment Opportunity

It is a known fact that everybody out there wants to do business. Sadly, when you don’t have the financial wherewithal, you may be missing investment opportunities. However, the few people with savings culture will always take advantage of investment opportunity when it presents itself.

#4. Reduces Anxiety

Good savings culture gives you confident. As a matter of fact, you don’t need to worry about meeting your financial obligations when you have a very good savings. This is becuase you know thare is always something there for you to fall back on.

#5. You Have Something To Fall Back On In Case Of Job Loss

This is one of the most important reasons every worker needs to develop a good savings culture. Some jobs don’t really have job security and when the chips are down, you can fall back on your savings while you restrategize.

Source: http://www.24hoursreporter.com/2018/10/30/5-reasons-every-worker-needs-to-develop-a-good-savings-culture/

5 Likes 2 Shares

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by 24hoursreporter: 8:54am On Oct 30, 2018
See Also the 10 Ways To Earn N50000 Monthly In Nigeria ===> http://www.24hoursreporter.com/2018/08/24/top-10-ways-to-earn-n50000-monthly-in-nigeria/
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Heywhizzy(m): 9:13am On Oct 30, 2018
You're missing out on one



6. Save to be a boss of your own, to be an employer of labour






You can't be tagged super rich, working under others and orders

10 Likes

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Trustme2(m): 9:15am On Oct 30, 2018
Hmmm

1 Like

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Nobody: 9:17am On Oct 30, 2018
Parents ,siblings,relatives dey one side. Babes dey anoda side. Friends dey another side. Person go come realise say after 5 years of working. Nothing to show

21 Likes

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by RukiBoss: 9:17am On Oct 30, 2018
cool..
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by debuscket(m): 9:18am On Oct 30, 2018
Some things are easier said than done

2 Likes

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by anochuko01(m): 9:20am On Oct 30, 2018
A
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by tgmservice: 9:23am On Oct 30, 2018
Trying my best but my salary is like peanuts while responsibilities are like skyscrapers

5 Likes

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by AduroSA: 9:25am On Oct 30, 2018
24hoursreporter:
The difference between a rich man and a poor man sometimes depends on savings culture. This is why you see two people working in the same organization but one has more savings. There is no magic about it, is just a matter of discipline and living within your means.

It may interest you to know that challenges are part of life. Your savings will always be your saving grace, especially during unforeseen situations. Whenever you are in a difficult situation, your savings will always rescue.

Reasons Every Worker Needs To Develop A Good Savings Culture

#1. Unforeseenforseen Circumstances

Unforseen circumstances is one of the reasons every worker needs to develop a good savings culture. As a matter of fact, when you develop the habit of saving over time, you will be able to weather any storm that comes you way. When other people are running helter skelter looking for money, you will be withdrawing from your savings to handle the situation on ground. You see, this is why you need to save little from your salary, no matter how little it is.
One of many Fixtures of Insurance Policies

#2. Financially Balanced

When you have a good savings culture, you will be financially balanced. When other people will be running helter skelter looking for money to borrow, you will simply be spending from your savings.

#3. Enables You To Take Advantage Of Investment Opportunity

It is a known fact that everybody out there wants to do business. Sadly, when you don’t have the financial wherewithal, you may be missing investment opportunities. However, the few people with savings culture will always take advantage of investment opportunity when it presents itself.

#4. Reduces Anxiety

Good savings culture gives you confident. As a matter of fact, you don’t need to worry about meeting your financial obligations when you have a very good savings. This is becuase you know thare is always something there for you to fall back on.

#5. You Have Something To Fall Back On In Case Of Job Loss

This is one of the most important reasons every worker needs to develop a good savings culture. Some jobs don’t really have job security and when the chips are down, you can fall back on your savings while you restrategize.

Source: http://www.24hoursreporter.com/2018/10/30/5-reasons-every-worker-needs-to-develop-a-good-savings-culture/


Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by 24hoursreporter: 9:26am On Oct 30, 2018
tgmservice:
Trying my best but my salary is like peanuts while responsibilities are like skyscrapers

You have a point, just try prioritize your expenses. Money is never enough, its all about how you manage it well.

1 Like

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by abbakin: 9:31am On Oct 30, 2018
Save for the future
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by bigkahuna704(m): 9:32am On Oct 30, 2018
Saving Cash In This Era? Wake Up People, It's 2018. The Money Gets Depreciated Before You Say "Flora My Flowa"

2 Likes

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by wuxiaworld: 9:34am On Oct 30, 2018
I agree with the 5 reasons you are giving, it is really necessary for the workers! https://news-todayonline.com
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Moreoffaith(m): 9:43am On Oct 30, 2018
If I earn 50k I make sure I save 30k.

1 Like

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Unik3030: 9:45am On Oct 30, 2018
Heywhizzy:
You're missing out on one



6. Save to be a boss of your own, to be an employer of labour






You can't be tagged super rich, working under others and orders




u people just lose focus to reality by trying to sound reasonable,do u think it's easy to set up business?do u know the capital n back up plan involved?if only u know banks are not willing to support small scale business even by microfinance bank will give u wahala.so u people will just come online n start saying start business,b your own boss like say Na one day job

4 Likes 1 Share

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Unik3030: 9:48am On Oct 30, 2018
bigkahuna704:
Saving Cash In This Era? Wake Up People, It's 2018. The Money Gets Depreciated Before You Say "Flora My Flowa"
so because economy is bad u will not safe? people with this kind of mentality end up going aborrowing

1 Like

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by 24hoursreporter: 9:53am On Oct 30, 2018
Its there bro. Once you have savings, you can invest. You obviously don't need a soothsayer to know that investment is the first step in the direction of becoming your own boss

1 Like

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by bigkahuna704(m): 9:56am On Oct 30, 2018
Unik3030:
so because economy is bad u will not safe? people with this kind of mentality end up going aborrowing
I Did Not Say It Is Bad To Save. It's Just That Leaving The Money Idle Is Unwise. Rather Find Investment Opportunities That Can Pay Long Term.
PS: It's Save Not Safe. Have A Blessed Day.

1 Like

Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Heywhizzy(m): 9:59am On Oct 30, 2018
Unik3030:
u people just lose focus to reality by trying to sound reasonable,do u think it's easy to set up business?do u know the capital n back up plan involved?if only u know banks are not willing to support small scale business even by microfinance bank will give u wahala.so u people will just come online n start saying start business,b your own boss like say Na one day job
Neither is saving a one day job.. Is it possible to save for business? Yes.. I know it's not easy but neither is it right for you to zero the idea of creating your own business, that's why you need to save little by little, if by few years to retirement as a worker is when your money is ripe for setting up a business, there is nothing bad


Meanwhile, my post isn't limited to low salary earners, people are here who earn up to 500k and above monthly, saving for business won't be that hard.. Not everyone will create a business and be a boss but never zero that idea
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by MsFaith: 10:00am On Oct 30, 2018
Yes! I have a good saving culture wink
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by ImaIma1(f): 10:15am On Oct 30, 2018
lochi01:
and this also 5 reason student needs to save


Many students barely have enough to even eat, buy handouts and books.
Re: 5 Reasons Every Worker Needs To Develop A Good Savings Culture by Madinka: 10:53am On Oct 30, 2018
You can save for a calculated period and amount then reinvest the savings . one of the way you can reinvest is in properties like getting a genuine land allow to appreciate and sell or engage in partime farming which you can fully fall back on at retirement .
Needs an affordable land in Mowe , Ofada , Owode and shiwun . call or whatssap : 08093844179

1 Like

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