If you currently have direct deposit through your employer, you will find the easiest (and most effective) way to establish your automatic savings program is to have part of your pay cheque directly deposited into your savings account (the rest, as usual, will flow to your current account to cover your bills). It does not matter if it is N5,000 or N25,000 — simply setting this up automatically will ensure you save money every single time you are paid.
If you do not have a direct deposit, there is still an easy option available: set up an automatic transfer from your current account to your savings account every time you are paid. For example, if you are paid every other Friday, you could establish an automatic transfer of a set amount of money from current to savings to coincide with this deposit. Just make sure you are aware of when the money will be deducted each month, or you may find yourself overdrawn
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