28/09/2025
Let me teach you how you can save money for your shop rent as a vendor.
When shop rent is approaching, a lot of vendors will be having BP. This is because most of them don't have the money ready. And most landlords are not merciful at all.
So, I will like to introduce you to a simple way of saving money for your shop rent. For it to be easier for you, you must have Opay or PALMPAY account and app.
Let us say your shop rent is ₦120,000 a year. What it means is that your monthly house rent is ₦10,000. So it means your daily rent is ₦329. How I got this is by saying ₦120,000 divided by 365 days.
So you will go to your PALMPAY or Opay app and then go to the section called WEALTH. Click on it and go to the place they wrote TARGET SAVINGS.
When in TARGET SAVINGS, give it a name such as MY SHOP RENT. Set the duration as one year. You will be asked how much you wish to save. You will tell them. They will ask you how frequent you want to be saving. Set it as daily.
After setting it, each day they will take ₦329 from your account and be saving it for you. Just make sure you have money always in your account. When the year finishes your money will be ready for you to use it to settle your landlord. Not only that, you will be paid interest on the money. You see, that is double benefits.
Do it today and thank me later. This will save you from BP from landlord wahala.
I hope this is helpful?
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