Many people always find themselves short of cash at the end of each month and it is difficult for them to save any money. To avoid this problem, I pay myself first by saving a portion of my
income before spending any money. At the end of the month, if there is any spending money left, it will add to my savings.
Being prudent with money is something I strongly believe in since young as my mother always advocates the virtues of saving money. My Edusave bursaries and scholarships during my school days all went into my savings account.
Now, I have several accounts and not just one. They are:Account 1: Emergency fund.
This is money which can support my current lifestyle for at least a year ...
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