Saving in Nigeria with all the distractions that comes with it is quite difficult at times, however if you are determined to save and want to be true to it here are few important recommendation from problemfix finance professional.
Create a different savings from a non-regular commercial bank
You and I know that if you want to save your money and expect to earn something at the end of the day, regular Nigeria commercial banks are not where to go to, however, there are now non regular but safe commercial banks springing up out of the country, banks such as
Through the Kuda platform you can save automatically, You will have to link your dеbіt account to your kuda bank account and set your savings plan ѕuсh аѕ daily, weekly or monthly. And Kuda bank automatically deducts money from your bank account on the due date and сrеdіt your savings account оn аn interest rate that іѕ uр tо 10% per annum.
Overview of Kuda Platform
- Interest rate: 10% to 15%
- Any debit card?: Yes. Free delivery
- Withdrawal charges: None
- Minimum withdrawal: None
Piggy vest have been here for a long while and have recorded amazing testimonies, there is an indication that Piggy vest is actually the first non commercial bank to allow flexible online saving to Nigerians.
Overview of Piggy Vest Platform
- Interest rate: 0.8%
- Any debit card?: Yes.
- Withdrawal charges: 5%
- Minimum withdrawal: 8%
And there are more others like:
Method Number 2 Invest in crypto
As fearful as it may sound and as much as the federal government of Nigeria don’t like the freedom crypto currency may promise, it’s a very sure investment move for everyone who may consider it.
just open a Binance account, convert the amount of fiat currency you wish to save into any of the crypto and start saving
Method No3: Buy landed property
There is a saying that there’s a sure profit in investing in landed properties that is the truth, if the purchase is right, them be sure of incrementing income as time goes.
Method Number 4: Invest in Shares
Buying shares made many millionaires those days in Nigeria, can we say of such at these moment? The truth is no one can actually guarantee for sure at the moment.
However investing in shares the right way can amount to something