Save Money In A Sacco<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Since the year 1924, October 31st of every year is marked as the International Day of Saving. The day was pinned to encourage the culture of saving money in order to gain a higher standard of life and to secure the economy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Saving Before Crisis<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The past one year was marked with little fanfare as many households and firms continue to struggle financially. This is owing to the effect Covid-19 pandemic that has eroded the earnings leaving nothing much to talk about saving. This reminded individuals that had they saved enough in the good times, now gone they would be weathering this pandemic better.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Saving as an investment<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Individuals and organization that had some modest savings by the time epidemic broke out can attest that saving is as a good as making good investment decision<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Saccos as a Saving Vehicle<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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One of the most powerful saving vehicles that is transforming lives globally is Savings and Credit Co-operative Societies (saccos)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Growth of Saccos<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Saccos have risen from being organization domiciled financial institutions catering to members only to public organizations with open membership. Thus no one can claim to be left out by virtue of not being employed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Growing in Business<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Saccos are the foremost and reliable partner in growing a business. In addition to saving for a rainy day, they offer the most convenient and cheap loan to grow your business. As an active member with required savings and security you are assured of fast loan compared to other lenders. This makes sacco the best place to be if you are own or are preparing to start a business in future.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Why many people are not saving in Saccos<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Therefore, what prevents so many people from joining a Sacco and improving their lives is manly ignorant and scarcity mentality. Whether you are an individual in employment, in self-employment or owning a business, your prosperity and stability depends solely on your ability to save.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Saving requires Sacrifice<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Basically, money will never be enough to make saving effortless. Whether you are:<\/p>
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Earning little,<\/li>
Servicing loan,<\/li>
Growing a business on a shoestring budget or<\/li>
Undertaking whatever project<\/li><\/ol>
saving is possible but requires sacrifice.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Conclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You don\u2019t have to wait for a disaster to teach you that you can still live with less than what you thought was too little.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t \r\n \r\n \r\n \r\n \t\r\n\t\t\t<\/div>\r\n\t\t<\/section>\r\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"
Since the year 1924, October 31st of every year is marked as the International Day of Saving. The day was pinned to encourage the culture of saving money in order to gain a higher standard of life and to secure the economy.<\/p>\n","protected":false},"author":1,"featured_media":7223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-3843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-savings"],"_links":{"self":[{"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/posts\/3843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/comments?post=3843"}],"version-history":[{"count":13,"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/posts\/3843\/revisions"}],"predecessor-version":[{"id":7892,"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/posts\/3843\/revisions\/7892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/media\/7223"}],"wp:attachment":[{"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/media?parent=3843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/categories?post=3843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kenyabankers.coop\/wp-json\/wp\/v2\/tags?post=3843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}