The Elephant in the room.

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 I came across a Facebook post the other day, and the writer spoke at length on the importance of saving, and how one should save first and spend the rest . I asked myself "What of in extreme need, and the only funds available are your savings?" what then?

Picture this: In a typical Nigerian home, due to "unanounced" water outages that occur from time to time, every home must own 1-5 "boota" cans(large water containers) so as to store water during consistent water supplies.

During the unannounced shortage episodes, a family will economically rely on the "bootas" for water, right?

Only three things are needed to ensure water never stops running:

-Storage Tanks
-Electricity
-Sumo(automatic under-ground water pumping machine.)

without these, Supposing an episode decides to outlast the water containers: you and I know the word "lack" will come alive, right? This can be used to portray savings as "bootas" & water pumping machines (Sumo) & Co as investments which ensures you never run out of stored water(savings) & tap water(expenses).

Once an income system seizes, even if you save, and spend the rest, you will definitely dig into your savings for functionality.

Everyone goes through these episodes from time to time therefore, I believe that what one should Zero in on is the ability to budget properly, and invest because that is the only way to sustain and save despite any setback.

You know that a monetized social media account is one of the best kind of investment now, right?

You start with that and increase your portfolio from there.

naijanogospoil
opentoopportunities
WordAlchemy

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