Money Saving Habits You Should Cultivate


Sometimes the hardest thing about saving money is just getting started. It can be difficult to figure out simple ways to save money and how to use your savings to pursue your financial goals. Small habits, and many more, could be keeping you from saving hundreds, even thousands, of Nairas a year. Here are some few tips to save some money:

Tracking your income and expenses. The first step to saving money is to figure out how much you spend. Keep track of all your expenses

Be careful not to overspend on gifts.

Always Keep the money in your wallet to a minimum.

Cook at home and plan your food in advance, it’s an extremely effective way to reduce our monthly food expenses.

Never rely on an inheritance to solve your money problems.

Avoiding frugality as a means to achieve prosperity. You can only free up so much money by cutting expenses.

Keep Your Budget Simple

Conserve Your Utilities: Sure, it may be easy to walk out of a room and forget to turn the light off. However, making the effort to turn off your lights and appliances when they are not being used in your home, office, or apartment can help save you a significant amount of money when it comes to your monthly utility bill.

Set a goal. Start by thinking of what you might want to save for—anything from a down payment for a house to a vacation—then figure out how long it might take you to save for it.

These simple ways to save money may even inspire you to save more and hit your goals faster. Take an hour out of your life and script out your ideal life. Paint a picture of the ideal, perfect life you desire. This exercise will rejuvenate you, inspire you and help you to save for that big picture you have.

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Adekemi is a Pastor by calling and Dentist by profession. She is the Co-founder of ‘Komplete Woman’ an organization whose aim is to inspire and mentor young women to discover their purpose early. She is an associate fellow of the Royal commonwealth society. She is passionate about God, writing, poetry and influencing the younger generation to fan the flame of their potential.