Newslex Point News in Uganda, Uganda news
Things to spend on even invite friends and relatives so that you spend even more than you had planned. This is more like our culture in Africa, a home of a rich man is always full of guests.
When money to spend is not available, we naturally find a way of doing without it. That’s why I have learnt to save every penny that I got through a saving box. In Zimbabwe our banking system is not reliable due to inflation. But for countries with good working economy, I would advise you to open a savings account where you just deposit but not withdrawing.
Once you send money there you assume you no longer have it. Before you spend any money, put your savings aside then spend what is left after saving. Don’t try to save a bigger portion of your earnings. Just choose a fraction that will leave you able to survive.
For example, your monthly earnings are $500 there is no way you can save $250 because you can still follow it in no time. You can at least save $50 out of your earnings. It’s possible to survive with the balance until your next paycheck.
You should save a reasonable amount that you can ignore. Once you put your savings aside, assume that money no longer exists. If you keep reminding yourself about that money surely you will follow it and use it in no time.
Save for a purpose and use the money for the intended purpose of the savings.
If you saved to buy a fridge, when the money is enough don’t change plans and buy a TV. Every purchase must be saved for. That way you can see development in your life. Avoid to do things in a random manner.
Always plan your things. A planned life is very sweet.
By B. Marambire
Check also;
- How To Avoid Losing Life Savings
- How You Can Easily Maximize Your Profit
- How To Maintain Good Profit In Your Business
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
