One of the biggest challenges we have as Africans is lack of savings. we are unable to do other activities like vacations of even starting up some new businesses because we lack extra resources to invest and bank lending rates are too high. apart from being high, the majority of us do not even have the much-needed collateral. well, worry not. with careful planning and saving, 2018 might just prove to be magical.
Am proposing The 52-Week Money Challenge.
The idea is simple: Open an account. You start by putting away just 10 (or 100 if you can) in the first week of the year, and then gradually increase your savings by an extra 10 (100) a week throughout the year. So you save 20 or 200 in Week 2, then 30 or 300 in Week 3, and so on, until you’re stashing away 520 or 5200 in the last week of the year (next December). At the end of this, you should have managed to save 13780 (if you went up in the 10's) or 137,800 (if you went up in hundreds).
Are you up for the money challenge?
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