In the last few weeks of 2013, I put up this picture of a savings plan on the Natural Nigerian Facebook Page.
The reaction to it was such that I felt that I had to make one specifically for Nigerians and post it here for you all.
I have prepared two of these sheets (an extra one with one extra zero to give N1,378,000) as I know that there are some people for who N137,800 is not a challenge to save. For those that N1,378,000 is not enough of a challenge, please add a few more zeros and you can save upwards of N13,780,000 per annum.
I absolutely love this plan because it is so easy and does not necessarily break the bank. By the time you need to save a lot more money later in the plan, it is already time for most people to receive allowances from work so that should help. Let me explain how it works.
1. Print out the Savings Plan sheet (links to downloadable files below). Designate a bank account that you don’t usually use for these savings. If the bank account has no ATM card attached to it, even better.
2. In Week One, save N100/N1000, depending on what plan you decide to go with. Save the amounts for weeks 2, 3 and 4.
3. At the end of Week 4, your balance is N1000 or N10000 (depending on what plan you go with).
4. Tick the cell next to the week each time you make a deposit. That way, you can see if you are on track.
I will be posting reminders on the Natural Nigerian Facebook page (you will need to like the page to get those reminders in your feed), on a weekly basis to keep us on track. Yes, US, because I intend to do this as well and in 2015, will report on how successful I was.
Let’s save together!