Why you should invest today for a better future

Everyone has a goal, a dream, something they want to achieve in the nearest future. Saving can be the bridge between your goal and its actualization. Most people want to save but find it very difficult, saving is easier when you have a goal in mind. It keeps you motivated and helps you to stay on track.

So what’s your goal, what is your dream? To buy a property, car or build up a deposit to start a new business portfolio? To save for a vacation abroad, a wedding or for your child’s education? Or maybe you would just like to save up for a ‘rainy day’, some sort of emergency fund.

Whatever your goal is, it’s important to keep it firmly in your mind and believe that all your dreams can come true if you have the courage to pursue them.

We at Page are committed to helping you do this. You can open a Page Target Savings for each of your goals (up to 5 separate accounts)! You can also name each account so you know what the money is being saved for. For example, if you are saving for a car and also need to start a project, you can open two Page Target sub-accounts. Nickname one ‘Dream Car: Range Rover sport’ and the other ‘Lekki Phase 1 Project’ and start saving today!

Financial implication of your Goal.

There is an estimated figure to every dream, determine exactly how much is needed to actualize your dreams. If you are building a house, how much do you need for the foundation and to complete the house? If it’s your children’s school fees, how much is it per term/per annum? When you have the figure then you can move on to set a time frame for it. Once you know what you need to save, then you’ll need to determine how long you need to save for

Tips: Sometimes it is good to add another 5 or 10% to the amount you think you’ll need, to cover additional unexpected costs

Don’t Let Your Dreams Remain Dreams: Set A Timeframe

When do you want to achieve your goal? How long will it take to save enough? Some goals are time bound -e.g. if you have booked to go on a holiday in three months’ time, while others can be more flexible such as buying a property. Irrespective of this fact, every goal needs to have a timeframe.

Guidelines to setting a timeframe


nlng Campaign AD

When setting a timeframe, you should make it:

Realistic: Reality differs for different people. Based on your current financial capacity, be realistic, don’t desire to buy a jet in 3 months with a monthly savings contribution of N500,000

Achievable: You also need to look at the frequency of saving. Are you able to put away money on a weekly, fortnightly or monthly basis (this should be determined by the frequency of how often you get paid)

Once you’ve set a timeframe that is realistic and achievable, you need to work out how much you need to save.

How much do you need to save?

You need to determine much you need to save. To do this you need to look at:

how much money you already have saved

how much you can save on a regular basis

the interest rate you can earn on your savings

how long you have to save

Once you know how much you need to save, compare that to how much you can save. Is it the same? Is there a difference?

If you need to save more, then your next step is to look at your budget and do some planning. It’s important to be realistic so that your savings plan is achievable.

Start Investing


PT Mag Campaign AD

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.