A wise man once said…
A wise man once said – one of the reasons there are less financially stable people than otherwise is that it’s easier to spend than to save. Do you agree?
Think about it!
Apart from wants, our daily lives are full of needs; bills, bills, bills…and bills are destined to be paid.
There are moments you think you have successfully saved some money; then a need abruptly springs up, forcing you to spend most of (if not all) what you have left. Phew! This can really be annoying. But what can you do? You just have to deal with it, isn’t it? And part of that requires you to simply ‘cough up the cash’ and pay the bills.
Quite understandably, the thought of setting money aside for the future may not be a conversation you will find palatable if you experience this lot. However, it is one you may have to talk or think about more often than not as there are many goals you may want to achieve in your lifetime – buy or replace your car, rent, house, vacation etc. that require you to put aside sizeable resources in the form of savings to realize.
Admittedly, the bills associated with your needs may be inescapable; but there are certain measures you could take to cut down on your spending and boost your chances of saving sizeable resources for future use.
Do not think you must have a lot of extra cash before you can generate ample savings. It is a wrong notion and a defeatist theory. The common rule of thumb is to save at least 20% of your income.
An effective way to start saving and stick with it is to take up a Savings Plan. This way, you become more committed in meeting up with your targeted contributions.
Custodian Esusu Shield Plan is a flexible savings plan that allows the holder to compulsorily save, whether monthly, weekly, or daily. The plan combines all the benefits of Ajo, Esusu, Thrift and Mutual Financing schemes in a unique way to meet the savings, financing and insurance needs of the holder or member of the Esusu Shield Scheme.
Please contact us via phone: 01-2774009 or email: email@example.com to take up the plan or learn more.