Money Saving Techniques Made Easy - The Sauce
Connect with us

Hi, what are you looking for?

Money

Money Saving Techniques Made Easy

As the year’s activities and resolutions are worked into our schedules, many struggle to make them a reality. If you are among the many who have planned to save and invest more in the new year, there are some techniques to help you get over the hurdles of saving for a rainy day.

 

READ ALSO: Chris Kirubi Shares Tips On How To deal With Njaanuary Blues

 

The 52-week challenge borrows from the basic principles of saving. Starting the year off, with just 50 shillings, one could easily end the year with 68,900 shillings in the bank. The table calculates how the weekly amount deposited doubles over the span of the year; leaving the depositor with a large sum of money.

 

With the weekly saving challenge; it is important to be accountable and better still automate your savings with a weekly transfer to ensure you keep up with the habit. The savings are said to come from spending money and not money set aside as monthly savings, ensuring you keep track of other saving schemes. This simple chart could be just the thing to finally get most Kenyans onto the benefits of saving.

 

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Some More Sauce...

Lifestyle

Kenyans on Twitter woke up to an explicit video that has since gone viral. In the video, a woman who is known on social...

Da Squeeze

Kenyan beauty Tanasha Donna Oketch recently opened up about her life. The 24 year old former radio presenter, musician and mother of one is...

Featured

Ugandan TV journalist Simon Kaggwa Njala’s face has got to be one of the memed faces of 2019.   But how did this Ugandan...

Da Squeeze

Kenya has a robust matatu culture and some people around the world love it. Award winning American singer and dancer Chris Brown yesterday (23.03.20)...

Da Squeeze

Kenyans on Twitter are not to be messed with, they bring guns to a knife fight. The hard-hitting K.O.T recently got into a Twitter...

Featured

The Free Mason society is known to be secretive and very private, but not anymore it may seem. The Freemason society based in Nairobi...

Da Squeeze

Bongo star Harmonize launched his latest album over the weekend and his former boss Diamond Platnumz is on the frontline cheering him on. Wasafi...

Da Squeeze

Famed comedian and radio host Jalang’o hosted John Otieno “Owago Onyiro” Byron, on YouTube for a candid discussion on his ventures in comedy and...