Your guide to saving

Why it’s important

Your thoughts (40)

When you have money, it can be so easy to spend it! Especially when there’s something you’ve wanted for a long time – like material to sew a new skirt or a novel by your favourite author. Buying yourself a treat sometimes isn’t a bad thing, but saving for your future is very important.

Saving even a little bit whenever you get money is a way to do something great for your future self. But it’s not always easy, so here’s how to start:

Work out how much money you need right now – if you have to buy school books or another necessity, like medicine, spending is okay. From there, you can set aside a little bit of money to treat yourself with something small – maybe a wonderful new soap. The rest is what you should save. How much is enough? Try put away at least half of what you have.

Speak to your parents or a trusted adult like an aunt about opening an account with a bank or a local savings group. Some savings groups may let you open your own account but others might only let an adult open an account for you. The great thing about putting your money away like this is that it will be more effort for you to get to it – and spend it!

If you’re not able to get to a bank, use an old jar, tin or box with a lock to put your money in so it’s out of your purse. Ask your parents to keep the jar for you or store it in a safe place where you can’t easily get to it – this will make it easier for you not to spend!

Saving is important for your future – and it’s a good habit to get into now. A lot of the big things you might want in life – like studying, opening a business, even getting married or buying a house one day – can cost a lot. By learning how to put money aside now, it will be easier to afford a big life expense when it comes along later!

Want to read more inspiring stories like this one? Then head to our Springster Facebook page and connect with a community of girls just like you! - https://www.facebook.com/heyspringster

Share your feedback

Your thoughts

Hi,my mum doesn't want I and my siblings to save money.She said she buys everything 4 us and instead of appreciating her,we go on buying things 4 ourselves.If I don't listen ti her, then it will be disobedience but then I want save money 4 future use. Please wat should I do

March 20, 2022, 8:03 p.m.

Latest Reply

Hey 5432! Thanks for the comment. Make your mum understand that you are saving towards a particular project not because you don't appreciate her but because you want to train yourself for the future. Try to make her trust your decision on trying to learn how to handle money. We hope this helps.

The moment my mum finds out i've saved money she would ask me to lend her and she wouldn't give it back.i'm savin secretly only known to me to avoid mum's trouble when she needs cash

March 20, 2022, 8:03 p.m.

same as adunni

March 20, 2022, 8:03 p.m.

My Pocket Money Is Too Small 4 Me To Save, Becos It Just A Little Amount

March 20, 2022, 8:03 p.m.

Latest Reply

Hey Crystal02! As a student, you can make money through so many ways. If you have a hobby or something you like to do, you can turn it into a business and make money out of it. For instance, you if you like to cook, you can prepare some food to sell to people, if you are really tidy and you always clean up after your siblings, you can clean houses in your neighborhood while you make some money or if you are good with taking care of kids, you can babysit in your community for some money. The list is endless... just think of what you really love to do and you will be able to make money out of it. We hope this helps.

Nyc

March 20, 2022, 8:02 p.m.

WoahoooooooO this is Good i'll ..Try it

March 20, 2022, 8:01 p.m.

it help's try it!

March 20, 2022, 8:01 p.m.

Seriously I nid 2 save bt weneva I kip my moni aside sometin serious arises n I use it.Ryt now I've got no moni.helppls

March 20, 2022, 8:01 p.m.

Latest Reply

Hey Aurora! We understand that saving money can be difficult sometimes. The trick to saving is to save towards something (a new dress, phone, a gift for a friend etc). This way, you are not so tempted to spend the money you get. You can also make a piggy bank to save money. With this, you will not be able to get the money out until you break it. You can tell a carpenter to make it or you can buy one. We hope this helps.

I want to save but my pocket money is not enough, wat should I do GEM

March 20, 2022, 8:01 p.m.

Latest Reply

Hey Sophy! Learning how to save requires a lot of discipline. You should learn to save with the little you have now because if you keep waiting to have a lot, you will not save anything at all. The first thing you need to know about saving is to know what you are saving for. This is what will motivate you to save. You can save for a dress, a phone or your education and you will do that successfully but if you are saving for saving sake, it may not work out well. So you need to define what you are actually saving for. We hope this helps.

Is it advisable for me to save money 💵 out of my food money and I get no @llowances at all. Please tell me how much I can get a sewing machine

March 20, 2022, 8 p.m.

Latest Reply

Hey MilaRhay! If you can do it, yes you can. Please note that you shouldn't starve yourself in the process. Save any amount you are comfortable with (no matter how small). We hope this helps

truely educative

March 20, 2022, 8 p.m.

Thanks I learnt a lot

March 20, 2022, 8 p.m.

i rilly like dis

March 20, 2022, 7:59 p.m.

really impressive. and educating

March 20, 2022, 7:58 p.m.

Wonderful, little drops of water makes an ocean

March 20, 2022, 7:57 p.m.

Interesting and educative

March 20, 2022, 7:57 p.m.

Goodday Big Sis, For some one who has an income of 10k naira. What's the savings strategy adviced to such a person?

March 20, 2022, 7:57 p.m.

Latest Reply

Hey Kem! Thanks for the comment. Saving is a personal decision. However, we have already given you tips in the article to guide you while you save. We advise that you read it and follow the steps. We hope this helps

Helo big sis, I always want to save but I don't low hw I always end up spending it can I get help

March 20, 2022, 7:57 p.m.

Latest Reply

Hey Cutie! We understand how you feel but saving can be easy once you make up your mind to do it. We advise that you read this story well and also all the stories under #Money (search for this at the bottom of the page). We hope this helps

Hey big sis i don't know how to save but I know how to spend, can I get help

March 20, 2022, 7:57 p.m.

Latest Reply

Hey excel! Thanks for the comment. We have given you tips on how to save in the article. We advise you to read the article and then follow the tips. We hope this helps

I don't no how to save at all

March 20, 2022, 7:57 p.m.

Latest Reply

Hey TOPKEN! Thanks for the comment. We advise you to read the article above and follow the tips we have given. We hope this helps

If Am Collecting #7000 Per Month,how Much Will I Save,please Help Me Out,

March 20, 2022, 7:57 p.m.

Latest Reply

Hey Yetty! Thanks for the comment. Saving is a personal decision. However, we have already given you tips in the article to guide you while you save. We advise that you read it and follow the steps. We hope this helps

I ave done almost all dat is written in d artical but i end up spending almost all my savings pls advice me

March 20, 2022, 7:56 p.m.

Latest Reply

Hey Maryse! We understand that saving money can be difficult sometimes. The trick to saving is to save towards something (a new dress, phone, a gift for a friend etc). This way, you are not so tempted to spend the money you get. You can also make a piggy bank to save money. With this, you will not be able to get the money out until you break it. You can tell a carpenter to make it or you can buy one. We hope this helps.

but at times my needs are more than the money I get

March 20, 2022, 7:56 p.m.

Latest Reply

Hey Pathfinder! Thanks for the comment. This is how it always is. You want more things but the truth is that you do not need all of those things. You need things that you really cannot do without. This is the right time to learn self-discipline and also to learn how to prioritize things based on their importance. Please note that saving is equally important in this equation. We hope this helps

But i do spend my money,i can't keep my money with me i will spen d it

March 20, 2022, 7:56 p.m.

Latest Reply

Hey Sprinsgter! Thanks for the comment. We understand that saving money can be difficult sometimes. The trick to saving is to save towards something (a new dress, phone, a gift for a friend etc). This way, you are not so tempted to spend the money you get. You can also make a piggy bank to save money. With this, you will not be able to get the money out until you break it. You can tell a carpenter to make it or you can buy one. We hope this helps.

My problem is not only saving but I even endup in debt plz help me

March 20, 2022, 7:56 p.m.

Latest Reply

Hey bella! Thanks for the comment. For saving, we advise that you read and follow the tips in the article above. As regards being in debt, please note that you need to stop living above your means. If you cannot afford a particular thing, no matter how important it seems, you shouldn't borrow if you do not have a means to pay back. We hope this helps

Big sis,,,i have 9000 but don't know what business to start with it

March 20, 2022, 7:55 p.m.