What is a saving culture?

You see, savings culture means to discipline yourself into saving money regularly.

According to our Radiopreneurship Coach, Stella Odunwa,

Over time, your personal savings culture will lead to accumulated wealth, and could stand you in good stead towards starting your own business.

To cultivate a savings culture, you must imbibe consistent saving habits into your lifestyle.

Most people think that to start saving, one must first be raking in a huge income. Nothing could be further from the truth.

Money will never be enough. The trick to start saving is to begin right where you are income-wise, and build self-discipline on the way to better prospects in the future.

However, to build and maintain a solid personal savings culture, financial management skills are essential. For instance, doing away with unnecessary spending or creating a list of monthly expenses featuring only items you cannot do without until such a time when you can have a healthy surplus.

Prioritize your needs over your wants and save most of what is left after paying for utilities, transport, airtime, insurance and basic entertainment. You don’t have to upgrade your car if it still gets you from point A to B, and there should be no pressure to rock the latest fashion labels every daily

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