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How to save money as a secondary school student in Nigeria

Written by sogadmin

how to save money as a secondary school student in nigeria

make a list

  • Make a list of your financial needs.
  • Make a list of your financial wants.
  • Make a list of your financial goals.
  • Make a list of your financial priorities.
  • Make a list of what you are willing to sacrifice in order to meet your goals and needs, such as having an expensive cell phone plan when it doesn’t really add value in terms of features or entertainment (but it is fun).

set financial goals

Set financial goals. This can be as simple as saving a certain amount of money, or it could be something more complicated like paying off a loan by the end of the year. The key to achieving this goal is breaking it down into smaller steps so that you know exactly how much you need to save and when you’re going to achieve this milestone.

You should also think about what you want to do with your savings once they are reached. Will they go towards buying something special? Or can they help pay for school fees or books? When setting up any savings plan, make sure there is an element of flexibility; otherwise, it may not be sustainable in the long term if unexpected expenses crop up along the way!

get a part-time job

  • Get a part-time job. It is important to save money from your job because it will help you in the future. You can save money from your job by setting goals for yourself, and then keeping track of how much money you have saved.
  • Make a budget and stick to it. If you don’t set limits on your expenditures, then there’s a good chance that they’ll end up on credit cards or other forms of debt that are very difficult to pay off once they’re out there! So make sure all of your expenses fall within what was budgeted at the beginning of each month…

be wary of what you do with your money

You should also be careful about what you spend your money on. Make sure that you only spend money on things that are really necessary, and try to avoid spending money on things that you don’t need. If you can find cheaper alternatives, then go for it! There are plenty of bargains and discounts available if you look hard enough, so search around until you find something that meets your needs at a price within your budget. And remember: impulse buying is never a good idea—if it’s not something essential, don’t buy it! It’s easy to get carried away in the excitement of shopping without thinking about whether or not we really need those shoes or comics; but if we do some research into what’s available online (or even just have an idea of what we’re looking for), there’ll be no question whether or not our purchase will save us money in the long run.

Finally, make sure that everything fits into your monthly budget plan before going ahead with any purchases so as not to run out of funds halfway through each month due to carelessness with how much has been spent already (this happens all too often).

make a budget

Budgeting is a skill that can be learned by anyone. There are many budgeting apps that can help you keep track of your spending and make sure you don’t spend more than you can afford to spend. Once you have a budget, stick to it! If all else fails, remember the following:

  • Don’t spend more than you can afford
  • A budget will show exactly where your money is going

sell things you no longer need

  • Sell things you no longer need on online marketplaces like OLX and the local Facebook marketplace.
  • If you have something that’s in good condition, but not something you use anymore (for example: textbooks), sell it to friends who might be looking for what you’re selling.
  • Be sure to take precautions when selling things online and to friends: only meet in public, don’t give out bank account or credit card information over email or text message, etc.

shop for bargains

Shopping for bargains is a great way to save money. You can do this by looking for coupons and discounts, and taking advantage of sales and special offers. You should also use the internet to find bargains, as there are many sites that compare prices.

The internet is an excellent resource for finding bargains on items you need such as clothing, electronics and groceries. Some websites will send you emails alerting you when something has gone on sale so that you can take advantage of it immediately without having to shop around yourself! If there’s a particular brand or type of product that your family uses regularly (such as shampoo), then it’s worth researching if there are any coupons available online before buying these items in the future.

A good tip is not just purchasing items at full price but waiting until they go on sale so that they’re cheaper—this is because most retailers will put their stock up for clearance when they want them off their shelves! This means that sometimes even if something isn’t discounted at first glance, an item could actually be cheaper than usual after comparing prices across several different stores – especially during seasonal promotions like Black Friday sales (which happen every November).

don’t spend more than you have

Don’t spend more than you have. This is a rule that applies to all of us, and it’s especially important for secondary school students because they don’t have much money to begin with. For example, if your parents tell you that they won’t give you any pocket money this week because they are saving for something special (like a holiday), then don’t ask them for extra money simply because some of your friends told you about the latest smartphone or tablet that was released last month. Instead, save up some cash so that when the opportunity arises, you can make sure that there are no delays in getting the latest tech gadget by purchasing it yourself on credit.

In addition to not spending money unnecessarily on unnecessary things like designer clothing or trendy accessories (or even gadgets), also avoid any kind of gambling activity or betting games/events as these tend to be very costly over time due mainly due high stakes involved therein

start a business

  • Importance of starting a business early

One of the best things you can do for yourself is to start a business early. Starting a business will give you the opportunity to gain great life skills and insight into how businesses operate, as well as make money that could help pay for college or pay off debt. Starting a business also gives you the experience and knowledge necessary in order to start bigger businesses later on in life. Finally, if you’re going into any kind of engineering field (like civil engineering), starting your own business provides an excellent way for practice dealing with real-life situations and clients within your field of study.

The early you learn to save as a secondary school student the better.

The earlier you start saving money as a secondary school student, the better. It will enable you to save for your education, future and retirement. You can also save up to buy that car or house that you want. Saving money is important because it helps in starting businesses and travelling around the world.

Another important reason why saving money when you’re still young is because it helps in giving back to society by helping people who are less fortunate than us or even paying off someone else’s debt if he or she has fallen into financial trouble

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