Youths and Savings By; Uhunmwunwa Osaghae Alexander

                        Youths and Savings

By; Uhunmwunwa Osaghae Alexander

#19,800 allawee, how can a corp member get the best out of it?

With the constant inflation in Nigeria economy and latest trend on fashion, One with low income may see it as a bottle neck deal to make a realizable budget from low income.

 This article aims to assist corps members make an ecomical living from their income.

As a corp member, you might be having a thought on how you can do a budget on this or if I'm kidding you.

Budgeting can be sometimes unpleasant as a corp member. No matter your economic status or the financial strenght of one, spending more than budgeted income stiil happen.

Getting the best of #19,800 and still getting result, this might need some form of creativity to accommodate your desire.

Things to do.

Accommodation : Make your accommodation the first priority, by paying the bill on time. Going for a roof above your head is important, with this every other thing can be done.

Have an emergency fund: Set up funds aside for unforseen expense or recurring expense, e.g transportation cost, petty buying. Emergency fund is important for low income earners like corps members in other not to be taken unaware with some expense .

Having a list and it should be in scale of preference. Having well listed items according to their various level of importance will free you from irrelevant spending or waste of fund. A corper should not have the thought of buying or maintaining a car and other luxurie.

Saving every bit of change gotten from an expense incurred. This is an easy way of having emergency fund.

Reduce food expenses: Spending much of your earnings on food can be so easy with vein of getting good nutritional values, but I say no to this, because good nutritional value can still be achieved with low income. All depends on moulding what you have to get a desirable satisfaction. E.g instead of getting turkey, you can go for other cheaper meat with same nutritional value, getting green vegetable can serve as a replacement for spinach vegetable, Orange fruit can offer you same nutrient as other processed soft drink.

When purchasing items, simply look for coupons code and check out for flyers for any latest promo or drop in price.

Shop generic instead of name brand.

Grocery list while shopping is best as a corp member to avoid spending on overprice and irrelivant items.

Avoid eating prepared meal: As a coper you want to eat healthier and save money for other expenses. Avoid fast food on Sundays and other days. Try to prepare meals yourself at a cheaper cost.

Go for a cheaper cell phone plan by reviewing from time to time.

Try to reduce the consumption of certain items. This will enable you to keep up with all you like instead of eliminating some want totally.

Life has never been so perfect for anyone, most times we don't get our desires. You can only see the world as a better place when you  accept and love what you  have.