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6 Ways To Save When You Think You Can’t Afford To Save

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TNMSavingMoney-588x260Despite a miserable financial reality—bounced checks, late mortgage payments, bank overdrafts, inner turmoil, and lack of sleep, you will still find people telling you that they can’t afford to save.

The reality is that they can’t afford not to save.

Helping a friend or a loved one move from the “I Can’t Afford to Save” mentality which focuses on financial problems instead of solutions is a heavy load. While you can’t take on their burdens, here are some concrete solutions and baby steps to help them move from living paycheck to paycheck to financial solvency.

1. Point them in the direction of simple savings challenges. Simple savings challenges like the 52 Week Challenge can help them save by the end of the year, by having them put away an amount corresponding to the week of the year.

2. Have them write everything down. Putting all of their spending on paper is a great way to get them out of the “I Can’t Afford It Mentality.” A simple budget like this, allows them to really see where their money is going and where simple changes can be made. This financial roadmap helps them get more in tune with how much they spend, where they spend, and even why they spend; once they gain control of their spending, they will soon be able to plan where their money goes daily, weekly, monthly, quarterly, and yearly.

2. Help them identify two costly bad habits and/or addictions and help them strategize ways to eliminate them. None of us are angels, but some of us have expensive habits or addictions like smoking, drinking, and shopping that bring little or no value to our overall well-being. In fact, smoking and drinking can negatively impact your health and make you a prime candidate for a hefty medical bill down the line. Quitting is easier said than done, but the effort to reduce the impact that these influences have on your life is good for your mental health and wealth.

4. Suggest that they open up an online account that is not easy to access. This forced “cooling down” period allows you to think twice before dipping into the account for an impulse buy. Once you deposit the minimum required to keep the account open, eek out an amout a week to deposit into this account and increase the contributions any amount with which you are comfortable. What’s important it that you get no ATM card or checks associated with this account.

5. Encourage them to work smarter. If they can’t save with their current salary, it’s time that they bring more money in. Is there overtime at the job? If they don’t want to exchange time for money, have them consider creating products to sell (i.e. ebook, a hot sauce, hair and body products) If they have no desire to create products, encourage them to use what they have. If they have extra space in their home, rent it.

6. Tell them to sell and downsize. Have them go through each room in their house and find items that are gently worn, unwanted and sell them.

source: bmwk

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3 Comments

3 Comments

  1. Friday attah

    January 23, 2015 at 10:57 pm

    Thank u, is it porseble to have account online which somebody can money to,turn recharge card, that will be better like #1500 1000 500 200 the money u can’t go to bank and pay because we look at as a change that is another way to save money thank u.

  2. Friday attah

    January 23, 2015 at 10:58 pm

    Thank u, is it porseble to have account online, which somebody can money in to,turn recharge card, that will be better like #1500 1000 500 200 the money u can’t go to bank and pay because we look at as a change that is another way to save money thank u.

  3. Friday attah

    January 23, 2015 at 11:01 pm

    Thank u, is good to have account online, which somebody can pay money in to,turn recharge card, that will be better like #1500 1000 500 200 the money u can’t go to bank and pay because we look at as a change that is another way to save money thank u.

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Travel

Exotic Resorts May Be the Best Bet for a Holiday

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An exotic vacation usually means exploring a distant foreign country, whilst resorts are places
to go for rest, sport, or which offers a particular speciality, with many resorts being part of a
popular tourist destination or on or near a beach. If you are planning a vacation to an exotic
resort it can be a once-in-a-lifetime vacation to a far-flung destination or a luxurious place to
stay closer to home where you can enjoy some pampering.

Why stay at an exotic resort

Exotic resorts often offer all-inclusive vacation deals, along with other options that leave you
to plan your stay more precisely to your own wishes. These resorts offer excellent customer
service, superb accommodation and facilities and are usually to be found in beautiful settings.
Here are some of the best resorts from around the world for you to consider:

Four Seasons Resort, Seychelles
This famous resort has made many feel they have entered Paradise. The gentle ocean breeze
floats up the granite hillside and into your tree-house villa tucked away from the other guests
staying at the resort. This is perfect for encouraging you to relax, either by your private pool
or in the clear blue waters of Petite Anse Bay. Perfect for a romantic stay, there is a Spa for
pampering and the chance for a sunset meal on a deserted beach.

Some enjoy simply sitting on their balcony, gazing at the ocean between reading their book,
sketching or checking out international bookmakers and betting sites for the chance of a
flutter. If you want another type of adrenaline kick, check out the resorts excellent kayaking
and snorkelling facilities, which are recommended by nearly all who try it.

Anantara Resort, Hua Hin, Thailand

The ultimate tropical getaway, the Anantara Resort is an award-winning site modelled on a
traditional Thai village and is just three hours drive south of Bangkok. The location is where
Thai royalty and aristocrats have been holidaying for almost one-hundred years. Today, you
can visit historical attractions alongside theme parks and shops as well as vineyards and golf
courses.

The resort is set among 14 acres of lush tropical grounds with lotus-filled lagoons and
meandering pathways through exotic foliage, with many rooms overlooking the shoreline.
Each day, chefs prepare freshly caught local seafood alongside Thai specialities. The resort
also has an award-winning spa located within a lagoon-inspired oasis offering you the perfect
opportunity to relax.

Kurumba, Maldives

Kurumba is a well-established resort that opened almost 50 years ago and continues to offer
superb hospitality and contemporary facilities. There are seven speciality restaurants offering
cuisine from Italy to the Middle East as well as Thila, a restaurant which extends out over the
water which offers gourmet breakfasts and seafood dinners.

You can go snorkelling over the nearby reef full of colourful marine life or sign up to a dive
package as part of your stay, or just enjoy a private pool when staying at one of the spacious
villages. There are also deluxe beachfront bungalows offering direct beach access and views
of the crystal-clear waters.

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Coronavirus

Healthcare Workers To Receive Coca-Cola-Funded PPEs From Nigerian Red Cross

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Since the outbreak of the Coronavirus disease in Nigeria, our healthcare workers have continued to lead the charge against the disease. As the number of recorded COVID-19 cases in Nigeria began to increase, these healthcare workers rose to the challenge and fought tirelessly to protect the lives of Nigerians impacted by the disease.

Considering the risks these healthcare workers face, there is a crucial need for adequate protective equipment for these brave frontline workers.

Coca-Cola is excited that over 400,000 Personal Protective Equipment (PPEs) procured to support the intervention efforts of the Nigerian Government and other key stakeholders to fight the COVID 19 pandemic have arrived. We do believe that this will to provide succor to our healthcare workers on the frontlines

These PPEs comprise N95 respirators, surgical masks, examination gloves, face shields, medical gowns, no-touch thermometers, disposable aprons, heavy-duty rubber gloves, rubber boots, basic masks, disposable gloves, and hand sanitizers.

Since the first confirmed case of the disease in Nigeria reported in February, over 800 healthcare workers have contracted the disease. While Nigerians are encouraged to stay home where possible and practice social distancing, these healthcare workers are needed across the country in the continued fight against the disease.

This donation forms part of The Coca-Cola Foundation’s COVID-19 relief interventions in Nigeria. The Coca-Cola Foundation has provided $2.5m in grant to IFRC who seeks to directly impact the lives of 1.4 million people in Nigeria and across other countries in West and Central Africa under this partnership.

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Events in Nigeria

Taking Care of Tomorrow’s Leaders Today – The itel, Lagos Food Bank Example

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Waking up to a special meal or choice gift is the best feeling ever. Hundreds of children in Mushin, mainland Lagos, had a filling taste of this feeling for the October 1 st celebrations. It’s an experience they will remember for a long time.

Being one of the most responsible corporate citizens around, celebrating Independence Day was always going to be on the radar for itel Mobile. To make this possible and memorable, the brand got to work in earnest. The focus of the work was picking the best way to commemorate the 60th independence anniversary of the most populous black nation on earth.

The efforts soon paid off through an impact-driven partnership with the Lagos Food Bank Initiative. With the arrangement, both partners considered a couple of activities capable of affecting communities positively and bringing smiles to people’s faces in Lagos. At the end of the exercise, taking care of children, the leaders of tomorrow, in the commercial city secured the highest votes.

With the decision, itel Mobile set about making this happen. Not surprisingly, the decision was
influenced by giving children the means to excel and prepare them for leadership and nation-building, for them to enjoy better life. For the good of their immediate family, community and the Nigerian society.

Idiko, Mushin, a suburb of mainland Lagos, was chosen as the benefiting community. And the partners strategically reached out to the beneficiaries, children and families, with gifts of love, care, happiness and support made possible by the itel Love Always On CSR initiative.

Over 1,000 families benefited from the gesture as well as 600 children, and each one of them received food packages to celebrate Nigeria’s 60 th Independence Day commemoration.

Speaking on the event and itel’s Love Always On CSR Initiative, Oke Umurhohwo, itel’s Marketing Manager said, ‘We wanted to mark this year’s Independence Day celebrations differently, and that is why we did something so momentous for our children. Children are the backbone of any longstanding community, and as such, we are proud to be able to give back and support them on their journey as leaders of tomorrow and for a better life.’

To meet the demands of the memorable event, 30 volunteers joined the customer-centric brand and the Lagos-based NGO to share smiles, and to convey just how important it is to love and take care of today’s children who will ultimately become leaders of tomorrow.

With the thoughtful activity, there are insights for everyone, from the government to citizens, on partnerships that are capable of making life better for children. Indeed, itel Mobile and the Lagos Food Bank Initiative have offered a great template on bringing this to reality.

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