We know times are hard, the FX situation has placed a limitation on international trade, businesses are folding up and others are downsizing. Examples across the world have shown us that saving money in hard times like this is very important. It takes discipline, commitment and time but you can learn to manage your money even when there’s not much of it. Here are some tips to help you weather the storm.
1. Spend less save more: Every naira that you earn counts and the onus is on you to make it work. Always look out for discounts when making buying decisions; you can save the excess no matter how small. We can help. Visit www.unionbankng/elite for more information on where discounts apply.
2. Save for a rainy Day: An emergency fund is a critical component of any financial plan. While the size of a rainy day fund may vary based on your specific circumstances, we all need resources available when the unexpected happens.
3. Have a goal in mind: Setting a goal is the first step in turning the invisible into the visible; you can save towards that dream house or your child’s education. Whatever the case, our high interest yielding target savings products are available to help you achieve your financial goals.
UnionKorrect Exclusive: Savings plan with N500, 000 deposit at high interest rate and opportunity to win up to N3, 000,000 in quarterly draws.
UnionGoal: High interest savings plan with a monthly deposits ranging from 15,000 to 85,000.