Savings

Saving is the practice of putting aside part of your current earnings for future use.Participants have to be taken through a comprehensive analysis of where savings come from and mostly, we look at setting aside a portion of one’s income or cutting costs (household expenses, debt repayments, other expenses). It is also important to talk about deciding where to Save considering factors like Safety, Access to your savings, Deposit requirements, Terms of use, Cost, Liquidity and Interest.

This topic is concluded by discussing a savings plan which is a critical tool for managing money to meet short, medium, or long-term financial goals as well as sharing tips to successful saving.