1. Have a Savings Bank Account: This is one necessary step to take in saving money. Saving money in a bank is a means making money because the bank will pay you for saving with them as an interest, though small.
consideration. There is a saying that goes, “He who fails to plan has planned to fail”.
3. Spend wisely: “do I really need this?” should be a question you should ask yourself if you want to purchase something.
4. Go for quality not quantity: There are different kinds of quality for different goods. Some are durable while some can't last long. Go for those which can last longer.
5. Do not t invest in rosy business: Investment is a delicate thing; don’t invest in business that takes a bounty from you today with big promises for tomorrow.
6. Do not be too expensive: Flashy things are expensive besides they attract thieves. Instead of buying an expensive wristwatch for #10,000 buy #2000 worth of wristwatch since the time will also be accurate on it. With time you can go for the expensive one.
7. Make reasonable phone calls: Phone credits are very expensive; it is not a must you call everyone on your phonebook everyday. SMS is not as expensive as making phone calls.
8. Create a household income: You have to plan your means of household income so as to ensure the continual flow of income into your household.
9. Do not spend big money entertaining your children: The purchase of big screen TVs and paying high subscription for cable TV for children is exorbitant and it can affect your savings. Spend less!
10. Drink more water: Water promotes good balance and it is highly recommended by health Experts to consume water every day. The purchase of acidic drinks known as soft drinks can also affect the health; when it affects the health, it will also affect the savings. Health is wealth!
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