Most people believe that in order to begin saving, one must first make or earn a significant amount of money. Nothing is more false than it is. You may never have enough money. Consequently, the key to saving is to start where you are financially and develop self-discipline along the route to boost future possibilities.
You need to practice cutting back on unnecessary spending and making a list of monthly expenses that only includes things you absolutely cannot live without until you can generate a healthy surplus if you want to develop and maintain a strong personal savings culture.
Save the majority of the money that is left over after paying for utilities, transportation, airtime, insurance, and basic entertainment. Put your needs before your wants.
The journey for Uganda Federation of MG Community Credit Cooperatives (UFCC) started in 2018 when the mother organisation, Korean Federation of Community Credit Cooperatives (KFCC) signed a memorandum of understanding with the Government of Uganda. Today there are 18 MGs in Uganda. At UFCC we put members first in everything we do; our members are the prime beneficiaries of our services.