Most of the times, we are so eager to save that we do not consider the actual requirements or what it entails to save. For most people, savings is just keeping a calculated amount of money aside. In the Nigerian parlance “make I get money wey I no dey touch”. For s ok me other people, savings is giving their money to an individual to keep for them with an agreement of when, and how much the person would collect for holding that money for them within that stimulated period. We call them “Akawo”.

So let’s say I give an Akawo man or woman ₦2000 everyday for a month, once it completes that month, they are expected to give me the bulk money I saved with them, while deducting ₦2000 from the total money I have saved.

In the savings world, this system is not adding any growth to you, In Fact this would impoverish you. Because your money is not growing, meaning the value is depreciating and even reducing in figure. If this is how you save money, then you still need to grow in your financial literacy and understand how your money can actually grow.

Now do you want to save right? I mean, do you want to know how your little income and grow and eventually work for you ? Then read on.

If you actually want to smash your savings plan, achieve and even surpass your goal, then your savings must be targeted. A target savings comprises of a comprehensive and pre-estimated savings. With a target drafted or created, you can determine an estimated amount your want to save, the time you want to achieve this amount, the how you want to achieve this target (daily, weekly or Monthly).

So you see with a target set, you can be determined having a set amount in front of you. For instance, you can target to save ₦500,000 for one year by aggregating your savings and determining how you want to save dependant on the time frame you choose. So let’s say you choose to do so daily, you might be saving less than ₦1400 daily to achieve ₦500,000 in a year! Is that not cool?. Now that is what a well created target can help you achieve, Register to see how our members are setting and smashing their target.

Why must you insist on an interest bearing savings? Well for one, our money looses its value by every single passing day, so for your money’s to still retain its value? It must have some small money that has added on top of it. Let’s say you saved ₦100,000 with 1 year, that money should have an interest on it to boost your savings capital and retain your money value. At Orcel we offer our members 18% interest on their savings Register to join this community and enjoy the fellowship of like minds. People journeying together towards true financial growth and freedom.