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Savings

Savings

Get smart and helpful tips on savings accounts in Nigeria. Learn about how to compare savings accounts, and how to get high-interest savings accounts in Nigeria.

10 Simple Ways to Reduce Monthly Expenses in 2024 cover

10 Simple Ways to Reduce Monthly Expenses in 2024

Monthly expenses can indeed have a detrimental impact on your overall financial health, but how do you reduce them? If your monthly expenses consistently exceed your income, you are likely living beyond your means. This can lead to accumulating debt, high-interest payments, and financial stress. To improve your financial situation, it's essential to create a …

10 Simple Ways to Reduce Monthly Expenses in 2024

Letshego Savings Accounts Interest Rates cover

Letshego Savings Accounts Interest Rates

With the current economic climate, it is more important than ever to find a savings account that provides attractive returns. Whether you are starting your savings journey with a small amount or a significant sum, it is important to ensure that your savings work for you. Letshego Microfinance Bank Savings Accounts provide attractive interest rates …

Letshego Savings Accounts Interest Rates

What is the Average Interest Rate on Savings Accounts? cover

What is the Average Interest Rate on Savings Accounts?

Personal finance experts unanimously agree – one of the cornerstones of a healthy financial life is building an emergency savings fund. Having quick access to cash reserves allows you to cover unexpected expenses without accruing debt or raiding your investment accounts. While storing money in a checking account provides liquidity, the meagre interest earnings mean …

What is the Average Interest Rate on Savings Accounts?

15 Money Saving Tips for Small Business Owners cover

15 Money Saving Tips for Small Business Owners

Small business owners play a crucial role in the economy, contributing to job creation, innovation, and community development. Although they typically possess a strong entrepreneurial spirit, small business owners are driven by a desire to create, innovate, and bring their ideas to life. As a result, saving money is crucial for any business, especially small …

15 Money Saving Tips for Small Business Owners

Inflation Rate in Nigeria Today and its Effect on Your Savings

Inflation Rate in Nigeria Today and its Effect on Your Savings

Inflation significantly impacts savings as it erodes purchasing power but what is its effect on your savings? As of August 22, 2023, the inflation rate in Nigeria today is 22.79%. This is the highest inflation rate in Nigeria since September 2005. The main drivers of inflation rate in Nigeria today are listed as the rising …

Inflation Rate in Nigeria Today and its Effect on Your Savings

Saving for Retirement: 10 Things to do cover

Saving for Retirement: 10 Things to do

It's great that you're thinking about saving for retirement early on so that you can make the necessary plans to ensure a comfortable and secure future. The earlier you start planning, the more time you have to save and invest, and the more likely you are to achieve your retirement goals. The Nigerian Pension Act …

Saving for Retirement: 10 Things to do

10 Modern Ways of Saving Money in Nigeria cover

10 Modern Ways of Saving Money in Nigeria

Saving money in Nigeria can be challenging, especially given the current economic climate and rising inflation. Saving money is an important part of financial planning and can be beneficial for individuals and families in a variety of ways. In addition to creating a sense of financial security and providing access to emergency funds, consistently saving …

10 Modern Ways of Saving Money in Nigeria

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