The savings challenge

Started by one Mr Jimmy Muhinda is bringing a lot of growth minded people together as everyone wants to make 2018 their greatest year ever. It’s not the kind of challenge where there is one ultimate winner who walks out with a huge price or crown, but a challenge geared towards teaching people the important habit of saving. Many people think they’re good at saving, but the naked truth is that they’re not. I used to think I was good at saving until I joined the challenge then I discovered I am lacking. However, I am now the happiest Particepant of the challenge and here is my story.

Joining the challenge was a tough decision for me given the highly raised standard rules, but I did anyway and just a month in the game I am the happiest man alive. Saving is hard, I get that. And we all know humans especially we black people are not good at saving or just postponing utilization of our hard earned money given that we most times get our worthiness from spending money on useless things. A typical black man feels good when he’s addressed as the big spender, but that’s ignorance.

As hard as it is to save, so was it joining the savings challenge for me. I however opened my memory bank and remembered back last year 2017 around early March how I joined a writing group created by one Mr Lawrence Namale which had similar tough rules for joining, but I did join anyway and very soon we at the writers club will be celebrating our first anniversary full of job well done, because we have some incredible writers like myself Jimmy Ruva and a few others who have appeared on national newspapers, magazines, and televisions.

My journey to social transformation actually started by me joining a book sharing club. In this club we share all kinds of books from self-helps, personal development, romantic novels, business, fiction books and non-fiction among others. The book sharing club reprogrammed my mindset from pessimist to an optimist and a realist at the same time. Of course it was a journey, and I’m still on that journey, but now deep in the oceans very far from the sea shore. With my mind being reprogrammed, I quickly joined better groups like the writers, the young treps, and now the future billionaires and investors through the savings challenge.

My expectations for the future has been set so high now, especially for this year 2018. I am looking at buying shares or Co ownership in some really good start-ups, like here in Rwanda there are some pretty outstanding start-ups. Recently when German car manufacturer Volkswagen officially announced it’s start of operations for their Rwanda assembly plant which is expected to produce the first car on the market by May this year 2018, a Rwandan Tech Start-up won the contract to build their mobile solutions. This is a great deal and partnership for an African Tech Start-up who out competed great Tech services providers from the outside world. The mobile solutions is something similar to Uber, it’s like a self drive taxi where you hire a vehicle for sometime, use it, and take it back when your time elaspes.

Going back to business, here is how the savings challenge is positively impacting my life:

  1. I now save pocket change. You know those coins most of us think don’t really matter. You can give them to the kids, buy airtime with them, or even buy roasted maize by the roadside as you roll home. The truth is, when put together for some time, like a week. They make some pretty good amount of money that can buy two days full meals. I personally discovered this when I forced myself to save all the pocket change coins for just a week. I was able realize an amount good enough to buy myself a new cardigan. Kigali is a pretty cold place so I needed to add on to my arsenal of warmers. I bought a nice black hoodie, my prayers now is Sherry doesn’t take it, because she always does.
  2. I save free money too. You know that money given to you by someone unexpectedly. It was never in your plans to receive free money from anyone. You had planned your expenses and you’d enough money to meet the bills, then someone maybe your boss or an elder family member gives you free money. Before I used to drink all such money, thank God I stopped drinking. Later I picked the habit of using them to buy stuff I wanted like shoes, but that didn’t make me happy either. So I started saving them ever since I got myself into the savings challenge.
  3. I also save money I receive from buying an item at a lesser price than I expected. I recently bought a back bag at 40K Ugx, but I had planned and allocated 50K Ugx for buying the bag, so I came home from the market 10K Ugx richer. In my previous life, I would have spent that 10K there and then at the market, but this time round I was discipline and added that money to my monthly saving.
  4. I’ve put a limitation on my having fun. Back then I was a huge supporter of the popular slogan TGIF, and this took a lot of my money I could have used for something productive. I praise God that I stopped drinking alcohol. I am now able to drop all the disposal income I used to spent on alcohol into my savings account.
  5. I’ve planned to thank myself by investing in Start-ups, especially here in Rwanda where the government through the Rwanda Development Board(RDB) is doing pretty good stuff for young great minds. The private sector like Bank of Kigali in particular is also doing incredible stuff to develop the youths, and of course Africa Connect which I am a part of, is icing the cake.

Until next time, I am Jimmy Ruva. Thank you for reading, and you’re free to drop comments.


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