September 18, 2021

How To Save During NYSC: The Unusual Guide

The first money step at NYSC isn’t to save. Here’s a list of what to start with: 

1. Gather as much information as you can on mandatory living expenses. What will it cost you to eat, rent a house, and move around in your place of primary assignment (PPA)?

2. Estimate the monthly cost, and compare that with your monthly earnings. Do you need to earn more?

3. If your projected monthly earnings can cover basic costs, determine how much you can save.

4. Determine what your money goals are. They could range from your rent to payments for certification exams.

What if your PPA doesn’t pay enough? Don’t fret here’s a five-step guide to picking for a side gig: 

1. List out your interests. I assure that this will be long a one, and that’s just fine.

2. Ponder on them for about a week, preferably at the orientation camp. This will help you filter your options.

3. Pick out the interests that will let you work remotely.

4. Take short (free) courses online to polish interest related skills.

5. Jump on opportunities with confidence.

It doesn’t end there, you now need to make sure these opportunities find you. To ensure this, participate in online conversations around your interests. Go further and share experiments—like mock market pitches if you are into market research. Then, reach out to small firms with a portfolio of your experiments. 

With all these done, you can then consider saving using Challenges—where you save with friends together—through service year. To avoid stories that touch, you can use platforms like Cowrywise. They offer a service for challenges that allows everyone withdraw only their savings + interests in the end.

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