Family CircleLove and Family

Resolve to save

A New Year resolution is a tradition where people resolve to continue doing well. Change an undesired trait or behavior, to accomplish a personal goal or otherwise improve. So now that the New Year is here, what resolutions are you going to make. About 60 percent make New Year resolution but am not sure even 8 percent keep it. Saving money is always one of the top five New Year’s resolutions and also in the top five for most commonly failed.

We all spent this December, from parte after parte to debit after debit. Some of us even touched our life savings because we wanted to press necks and pepper our enemies. But now we have learnt our lessons and are sober. But what’s the way forward?

We are here to show you how to create a savings habit, save for the future and win December spending whenever it rears its ugly head again.

Everybody needs some spare cash aside for rainy days, hot days, and all the other kinds of days we have in Nigeria. You can achieve this by creating a savings plan which helps you figure out how much to set aside each day, week or month. The savings plan will also help you prepare for personal projects like buying a house, buying that Benz you’ve been shouting about, changing your laptop or starting a business etc.


  • Learn how to spend only on necessities.


Ask yourself, “Do I really need this item?” and then give yourself a very honest answer. It turns out half the time, we don’t need those things, we just want them.

  • Reduce the amount of times you eat out.


Don’t always go out. Sometimes remember that there’s rice at home. We suggest you limit this to days when you’re celebrating something important. You could even use this opportunity to build your culinary skills.

  • Stop buying impulsively.

Yes, those shoes are beautiful. But you have a future to save for, so put it down. You will not die. Nothing will happen to you if you stick to your shopping list and follow it word for word.

  • Track your spending


In other words, learn how to be accountable. Take note of how much you spent on a particular thing, how much you spend in a day, a week, a month. That way, you’ll be able to cut out unnecessary expenses.

So start saving

  • Create a piggy bank or something that looks like that and put in money from time to time.
  • Join groups at work or offices and contribute a certain amount monthly
  • Place Non Withdrawal Alert on an account you don’t use regularly, discipline yourself and throw in money there from time to time.

Do you know that?

100 naira daily….36, 500

200 naira daily….73, 000

300naira daily…..109,500

500 naira daily…..182,500

1000 naira daily…..365,000

1500 naira daily…..547,500

2000 naira daily…..730,000

2500 naira daily…..912,500

3000 naira daily…..1,095,000


So choose anyone and be consistent . Don’t forget to thank me later.



Njideka Eze Author
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Njideka Eze Author
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