F&K Savings

GOOD NEWS It gives us great joy to share this amazing news with our esteemed users. we  have been preselected to participate in the Tony Elumelu Foundation Entrepreneurship Programme in partnership with GIZ (Deutsche Gesellschaft fur Internationale Zusammenarbeit) as one of the 210 African startups for the 2018 cohort. We worked hard for this, this is a testament to the fact that we are not here to play. The Goal is to help you our esteemed users secure yourselves and your businesses against financial storms. www.fandksavings.com.ng

The Future starts now, you cannot afford to procrastinate. How do you develop a healthy savings culture? 1. Save first, spend later. Whatever portion of your income you decide to save should be saved first before the remainder is spent. This ensures that you have the mindset that the remainder after saving is the whole amount that is available to you. Thus, if you save 10% of everything you earn, then your mind would believe that you only have 90%, since the 10% “not available”. All calculations would be on the 90%. 2. Have a separate account for your savings. Your savings should be safe from you. The needs and wants of man are insatiable. We also know that whenever there is an increase in income, things to do with money also seem to expand to meet the new amount of money available. Thus, it is necessary to separate your savings from all other funds available to you. It is trite that when access to saved money is too easy, un-saving of saved funds is sure. What to do is to e

Working on your savings Culture. By Olumoke Caxton-Martins Aisha sat down in her grey Toyota Pencil light contemplating the actual meaning of the saying “when it rains, it pours”. She was forced into contemplation by the torrential downpour making its way from the skies. It seemed the gods were weeping. It also seemed that they were angry at her and had decided to punish her. The day had started on a less than perfect footing. Making a six digit salary made her a comfortable young lady, with a promising future. However, there was nothing her six digit salary could do when her generator refused to come on when she woke up at 4:30am. When making a mental note to call the technician to fix it, she recalled that he had advised an engine change some weeks ago and she had postponed it as she could not spare the cash at that moment. Her morning routine was done with a flashlight. If there is no power in the next few days, the flashlight would have to be her saving grace. Things we