I-Open a bank account and determine how you will be saving everyday, month, quarter, mid year and every year and you will be well-prepared and equipped economically, especially when unseen circumstances arise.
II-You can ask your employer to put at least 10% of payment into a high interest bank account, after a while you won’t miss it.
III-Consider putting your money into a term deposit so as to lock it in there for x months and you won’t get it out.
IV-If your spouse is good at saving then ask him / her to setup an individual bank account where your money can be safely stored and you won’t have access to it.
V-Using an interest-based current account will give you an advantage of withdrawing with cheques or ATM. You will have to always leave some balance in the account daily and it will yield interest.
No comments:
Post a Comment