3. Don’t put all your savings in one account.
When financial advisers tell you not to put all your eggs in one basket. This is what they mean.
A lot of people save their money in just one account and this makes them to be unspecific in their saving goals. It is not advisable to save your holiday savings, emergency savings, rent savings and your new car savings in one same account. The problem with this is one might end up not achieving any of these saving goals because you dip your hand into one account to solve all problems.
So, make payment of your rent easy, have different accounts for your rent and pay some money, probably N30,000 every month and make sure you don’t have access to this account so as to realize your saving and financial goals.
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