How to make use of savings properly as a student

kayode10

VIP Contributor
It can be very excited to see some of the college students engage in a savings of their money. But when you for the empire about the service you will discover that they are saving for expenditure.

The engage in savings just to buy something expensive for themselves. This is not good enough. Savings should be used as the basis of building wealth. If you are a student this is how you can make most of your savings

Invest in yourself: This is the first thing you need to do with your savings. the best investment you can do is to invest in yourself. Trying to invest in your brain so that your brain will give enough returns into your pocket. You can do this by learning a new skills reading books and attending seminars.

Start a part time business: another way to go about it is to invest your money by starting a part-time business. It is very important to learn about the business first before you decided to start. Then you should focus on starting small from your investment and acquire experience first.

Invest in real estate: it is said that Donald j trump started invest in real estate right form the college, it is a good idea for you to do the same thing as well. You need to start reading books about real estate and implement whatever you read starting small.

Buy blue-chip stocks: if you think investing in real estate and starting a business is not something for you you can consider buying blue-chip stocks. This is one of the ways to secure your savings and prevent it from eating up by inflation.

Learn about freelancing: another way to make use of your savings is to learn freelancing. Freelancing gives you opportunity to make more money with less effort.
 

Augusta1

Active member
it is time now that students learn how to save money. it is no longer for just workers but everyone now. The need to save money now can't be overemphasized it is always good to find ways that would be simple for you to save money.

I do prefer saving money in the bank which is always in fixed deposit
you can keep the money as long as you want but the good thing is that you would also make profit off it.

So students just need to find ways that will be comfortable for them to save for the future it is needed.
 
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