#SavingsWithAladdin: If Your Goals Don't Scare You, They Aren’t Big Enough

  • Specific: When saving towards a goal, it is important to know what and why you are saving. For example, you can set up a goals savings plan with an aladdin account to save ₦20,000 every month in case you suddenly lose your job or need to take send money to a family member who is sick.
  • Measurable: The easiest way to measure your progress as you save towards your big goals is to automate your savings. On the Aladdin app, you can easily achieve this by setting up a goal savings plan. Every day you are able to view not only your progress as you save but also your interest earned.
  • Attainable: Maybe saving that ₦ 20,000 every month is possible if you limit eating out to once a week, or automate your goal savings on the Aladdin app order to automatically save ₦ 20,000 from your salary account at month-end. Prepare in advance to cut out any possible temptation that could make it difficult to achieve your savings goals.
  • Realistic: It is always a good idea to break down big goals into smaller units. For example, if you are determined to save a million naira in one year, you can break it down into ₦3,000 every day. By doing this, you have shifted your mindset from impossible to possible
  • Timely: Now that you have made your goals specific, measurable, attainable, and realistic. The final step is to set a deadline for achieving your financial goal. However, you will need to ensure the timeframe you set is realistic. For example, saying you want to save a million naira in one month on ₦ 60,000 is unrealistic, but if you work towards a 3-year plan, it is achievable

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Bank differently on Aladdin, a digital banking platform where you can save, borrow, pay, and invest Visit www.aladdin.ng to get started today

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Aladdin Digital Bank

Aladdin Digital Bank

Bank differently on Aladdin, a digital banking platform where you can save, borrow, pay, and invest Visit www.aladdin.ng to get started today

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