Too much month and not enough money: most of us have been there at some point or another in our lives. Saving money is not easy, especially when budgets are tight. However, it’s not impossible either.
If you frequently need to transfer money from USA to Nigeria for your loved ones, you may think you are already doing everything you can to save. In this post, we will highlight some ways to save money that you might not have thought about before. Implement just one of these and you can start accumulating money faster to send home to Nigeria.
1. Pay Yourself First
People who have successfully saved money to send to Nigeria or to reach another type of financial goal usually have one thing in common: they treat their savings account like a bill that has to be paid each month. When you get in the habit of setting aside a certain dollar amount or a certain percentage of your income every time you get paid, you won’t miss that money.
2. Be Aware of What You Are Spending
Tracking how much money is being spent on various types of purchases or other expenses can be eye-opening if you are just starting to do it. You can either track your expenses by hand or choose a smartphone app that will categorize and analyze your spending for you. When you identify that you are spending too much in a certain area, you can start funneling that money to your savings account instead.
3. Live Within Your Means
While it can be tempting to purchase things on credit to take advantage of free points, airline miles or other credit card perks, doing so is usually not a good idea unless you can pay the bill in full when it is due. Otherwise, you may find yourself paying high interest over time. If you do have credit card balances, work on paying them off – and do so on time to avoid late fees.
4. Look for Sales and Don’t be Afraid to Comparison Shop
Savvy shoppers look at sales fliers, website offers and coupon savings in order to get the best price, especially for major purchases. Don’t be afraid to shop around to get a better deal. You may be shocked to find that the same item is significantly cheaper when you buy it through another retailer.
Choose Ping Express When Transferring Money From the USA to Nigeria
When you have accumulated the amount of money you want to send to Nigeria, take a moment to pat yourself on the back. Saving isn’t easy! When you are ready to send money, choose Ping Express.
Ping Express offers a fast, secure, affordable and convenient way to send money to loved ones in Nigeria. By following three simple steps, you can make a money transfer in just minutes, any time of the day or night. Start by downloading our free app from the Google Play Store (for Android devices) or from the iTunes Store (for Apple devices.)