Saving at Home
Putting coins in piggy bank or jar is an excellent saving method but you can’t save hundreds and thousands of Ghana cedis in a box at home. You will be easily tempted to spend the money on things you don’t need.
Put Off Saving
People have an unlimited list of things that want, perfect excuses to shop and forget about saving. Starting with something, no matter how small, is a start in the right different.
Dip Into Your Savings
Save your money in an account where you don’t have instant access if you can’t discipline yourself for the principle to make interest. This will eliminate temptations to dip into it since it won’t be so easy to access.
Leave Your Savings Last
Budgeting is important when it comes to finances. Work out how much you need to survive and then arrange for a specific sum to be transferred into your savings account every month, just after you get paid. That way you won’t forget to do it.
Do not live on high-interest credit
Live within your means and avoid borrowing money. Whenever you pay off a loan you will have paid back more money over time than you originally borrowed and spent. Living on credit cost you much more than you think.