05/04/2021
HOW TO SAVE MONEY
When I have money , I itch , I just have to go to the mall to buy something , Anything !!! LOL
They say if you cannot save money , then you will never do anything great . For many of us who get little money , the only way to transition from where we are is to save , in order to make the leap . You are never guaranteed making a big pay day like just having a 20 pin from nowhere but what you are guaranteed is the same K50 that you make per day . That K50 can one day be a 20 pin . The only way for it to become that is to save . Don’t worry about not having the skills to save . Most of us don’t . MATTER of fact that is DJCVDs weakness , I don’t have that ability to save , I struggle with it , so you are not alone
Listen it doesn’t matter how much you MAKE , What matters is how much you keep . You can make a billion today but if tomorrow you don’t have any money , then someone selling cassava with a K50 is better than you
HERE ARE SOME TIPS ON HOW TO SAVE MONEY
1. SAVE TOWARDS A GOAL
Save towards a goal , Saving without a goal is meaningless , anything that comes up that looks like a good idea will make you empty your savings . Usually many people do not save because we are not planning to do anything big and long term , so if you have a K350 , with no goal , why not just blow it . BUT if you have a goal like buying a car , plot , starting a business this will give you focus and direction . When maggy says lets go buy pizza you can say nah , I want to buy a car by the end of the year am tired of strapping to work .
2. TAKE CARE OF THE BASICS FIRST (BILLS AND FOOD)
Many people take saving as a punishment . They don’t buy anything for themselves and live in absolute poverty in the name of saving . The have no food , no soap and walk to work etc .This is madness and extreme . Plan out how much you will put away for food and groceries . Hunger can defeat all ambitions of savings . If you are hungry , savings becomes incredibly difficult , so make sure hunger is sorted by buying enough food . You can keep the foods simple . Remember savings should be a lifestyle if you want to really do it for a long time . So don’t punish yourself , live a simple life or you can target how much to save per month or day then you blow the rest if you like . If you don’t take care of your rent , bills and food ,saving will be a night mare
3. TREAT SAVING AS A EXPENSE
I like what a friend of mine said to me , he said he treats saving like an expense . So when he gets his salary he just sends it to his savings account and forgets about it . I agree and would like to add that if you treat it as such you will get used to saving just the way you are comfortable buying beer or pizza . If you look at it as something spent and gone and NOT a reserve . You wont be tempted to spend
4. IGNORE WHATEVER YOUR MIND IS SAYING
Your biggest enemy will be yourself in saving . Your mind will come up with a billion ideas of what you can use the money for BUT you have done that before and you still come back to the same thing that I need to save for a car or plot or business . That thought keeps coming back , lets achieve it already . So ignore whatever your mind tries to convince you on spending the money . Ignore your mind . The whole point in the saving exercise is to quiet the mind so that it can be used to having money around without getting overly excited
5. AVOID YOUR SPENDING TRIGGERS
Avoid your spending triggers eg Alcohol for some of you will make you empty your Bank Account , Mobile Money , Borrow money in a Bar and still leave a bill at the bar if they allow you . For men women will be their triggers and they will spend money on stuff to impress them . Bro forget about women for now , when you save and have lots of it , she will be the one buying you things to impress you . You wont have to spend to get her validation . For women stay away from boutiques if they trigger you to buy shoes you don’t need . Stay away from birthday dinner groups , wedding gift groups and ma kitchen party groups those things are where most of you lose money . Avoid your triggers , Hunger is one of them , avoid getting too hungry cause it will make you buy pizzas , avoid broke people too .
6. MAKE YOUR DEFAULT ANSWER NO
Whenever someone is asking you for money , your default answer should be I don’t have . Don’t say that am saving , just say my budget is so tight this month . Don’t say ati lets see next week or lets see by end of day . Say no , Then afterwards when your brain thinks about it , you can decide whether you want to give someone money or not . Usually , we commit to giving money to people out of reflex and then regret afterwards . Answering no by default gives us time to look at our obligations and budget .
7. KEEP YOUR SAVINGS OUT OF REACH
You have to take another step to guard yourself from your implusive buying decision making . You just don’t know your body is such a strong force and disciplining it is your biggest task on earth . You need to make it hard for you to access your money . For me I like to put money in a mobile money sim then destroy the sim card , it takes 3 days for mobile money to be active in the sim . So if I am bored and want to go out at jazz , that means I have to replace my sim and then wait 3 days BY then am sure I will not want to go out anymore or it will be a week day . So that control helps . Look at how employers are strict and only pay employees at the monthend . See how much they can do with lump sums .
8. DON’T GET DISCOURAGED WHEN YOU BREAK
Sometime you will do something foolish like go spend half your salary in chicagos whilst you have resolved to save money . THIS usually frustrates your efforts and make you want to even blow the money you have saved . Don’t do that , just soldier on , its okay to make mistakes . Infact those mistakes create a guilt that makes you even more serious when you carry on . You will make those mistakes , its normal mwaiche .
9. DON’T TELL PEOPLE YOU SAVE MONEY
Shut up about telling people that you are saving money . Even a street kid walking by himself knows that you are saving . Awe mayo , keep quiet about it . You will attract people that like asking for money , They will rationalize in their mind that she is saving so she doesn’t need it right now and you will actually be saving the money to just give them . So if you are clever you wont tell anyone that you save money or else they will turn to you for every financial problem they have .
10. DON’T CARRY HARD CASH
I don’t know about you but if I go out with money in my pocket its not coming back . I buy the most ridiculous things . I will either buy something or give someone . My mind has given itself a job of spending all the money that is in the pocket so I usually don’t carry money around . I suggest you do the same
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