Savings in 2024
Savings in 2024 – What You Should Know.
“2024 is my year,” says my friend, who has made it a habit to call each year her year.
“Naso!” I replied. “You said the same thing around this time last year.”
She looked at me, and we both started laughing hard.
I told her I knew what she was thinking and what she meant, but we were chanting the same thing last year, and now 2023 is almost over.
Don’t get me wrong, it might not necessarily have been a bad year for you, but a lot has happened in the country since the year started. Many things have changed, and almost everybody is feeling the heat. In utmost truth, we are all learning to navigate these unexpected changes.
This led us (my friend and I) to discuss being strategic in 2024 and what we must prioritize individually and in our friendship.
Financial Planning
Most times, it feels like we plan for everything except our finances. We have business, education, career, and health goals, but we must remember that our finances literally finance these other goals. You can be assured that you will always go right with proper planning.
Planning for the known and unknown is the way to go now.
One criterion for sound financial planning is saving consistently. You can only grow your finances with savings – personally and collectively. Savings make investing and making significant purchases possible.
The Financial Planning Hack
Are you aware of the 50/30/20 rule?
It is a practical financial planning hack where 50% of your earnings goes into your needs – Shelter, food, clothing, and any other thing you consider a need. 30% goes into your wants – Subscriptions (Netflix, Prime Video, Internet, etc.), skills improvement, outings, events, etc. 20% is what you save.
The consistency of your savings is what brings you financial freedom. 20% might seem like a small percentage of your monthly earnings, but the goal is not to save to the point that you cannot afford necessities.
In savings, consistency is critical.
Other hacks you can implement are:
Your 2024 Financial Partner
If you are committed to having a financial goal and plan for 2024, then you want to do it on BucksTrybe.
Wondering why BucksTrybe?
I will give you a few reasons.
This helps you have all your savings in one app.
Also, not to brag but …
Transparency? Check!
Accountability? Check!
Realtime alert? Check!
Concerned about saving with others? Sorted!
So, nothing will choke our savings in 2024!
Can I get an amen?
If you want to be ahead in your savings game in 2024, like my friend and I, download BucksTrybe on AppStore and PlayStore.
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