SAVINGS TIPS, FOR LOW-INCOME EARNERS

“Rounding to the nearest cent is

sufficiently accurate for

practical purposes.” – Alexander John Ellis

• Are you running a small business for survival?

• Do you sell ‘vetkoek’, meat, Kapana, cool drinks, cigarettes or anything else?
• Is your daily profit around N$100 a day?

Try these savings tips. They might work for you:

Put N$80 into your savings every day (SME Bank). After 1 week = N$400

After 2 weeks = N$800 After 3 weeks = N$1 200 After 4 weeks = N$1 600 After 12 months = N$19 200

(Is this not a big amount of money from humble beginnings? Is this not a big amount of money to spend on your new business venture or during December / January when celebrating Christmas or when your children go back to school?)

Don’t be discouraged if you only save $50 per day

Try these savings tips. They might work for you:

Put N$50 in your savings every day (SME Bank). After 1 week = N$250

After 2 weeks = N$500 After 3 weeks = N$750 After 4 weeks = N$1 000 After 12 months = N$12 000

(Is this not a big amount of money from humble beginnings? Put your N$50 a day aside and forget about it for 12 months.It will work.

You can buy your bed and pay cash for it after just 6 months.

You can afford a bed (N$3 000), fridge (N$2 500), stove (N$2 500) and a flat screen (N$3 000), pay for everything in cash and still have N$1 000 to spoil yourself and your loved ones with.

Good Luck.