How to Save When You Earn Little

You know that feeling and frustration, working so hard yet earning so little. And you wonder how you can ever save with an income like that. Then, there is this obligation to save some part of that income that has not been able to satisfy your needs.

I had an argument with a friend who could not understand why I am telling people to save despite the economic hardship in the land. “All these things you are writing about savings are rubbish”, he said. “How can you tell people to save when they can barely survive”? I thought about it and figured that he is right. In a country where people earn peanuts. You will not blame them for not having savings. In a country where graduates are paid twenty thousand naira, yet they are expected to live in the city, (try and stay in your village and your people will say that you are useless) pay their rent, transport themselves and feed themselves.

The truth is that in your quest to be financially free, you need to save. It is hard, very hard, but it can be done.