Savings is not just for the rich; it is a necessity for everyone, especially in Nigeria, where economic uncertainty is common. Many people struggle financially because they do not prioritize saving, often spending all they earn without setting anything aside.
The best way to save is by adopting the 50/30/20 rule—50% for needs, 30% for wants, and 20% for savings or investments. Even small savings can grow over time, especially with interest from savings accounts or cooperative societies. Digital savings platforms like PiggyVest and Cowrywise make it easier for Nigerians to develop a saving culture.
Emergencies, job loss, or business downturns can happen anytime. Without savings, one may be forced into debt or financial distress. Start today—set aside money from every income you earn. The future you will be grateful for the financial security you build now.
