It was cloudy and the sky was heavy with dark clouds. Heavy rainfall was expected and the struggle to board the public transport i.e trotro was on. Each one for himself at this moment since raining at this time comes with its own risks. The frail looking man was pushed aside and unfortunately landed on his buttocks. I tried to aid him up and what he said still ran in my ears till date. He said and I quote “don’t pity me my dear. I should have started earlier”. The 42minutes spent together in the trotro was all about his regrets for not embarking on investing for his pensions during his active working life.
Many at times we hear how going on pension becomes a burden on the pensioner and his/her family all because they are unprepared. Do you want to depend on your children who will then be finding their feets in life and might have their own aspirations? Pension in our part of the world becomes an unending storm.
How would you want the 60-year-old you to look like? Is it going to the saying of “had I known” or “I’m glad I saved for my pensions?” Do you fear hearing the word Pension?
In this post, we enumerate on how to start planning towards pension as early as possible no matter how stretched your finances are.
- BE ON TOP OF YOUR BUDGET;
Sometimes we all find ourselves in similar situations like the person who purchased a watermelon during a train stop and later realized that it could not fit through the bars so had to discard it so he could rest his arms. Sticking to a well-planned budget is everything as it shows how much you earn and what amount you are spending. This helps you to cut cost.
- GET STARTED NO MATTER HOW SMALL IT MAY BE:
For the young people probably the last thing on their mind is saving for retirement. We believe that our once- in-a-life time opportunity to build personal wealth is when we start investing at a young age. Whether we save under a Provident Fund Scheme or Personal Pension Scheme, the secret is to get started now. An early start offers you more years to save which in turn gives your pension investment more time to grow.
- INCREASE YOUR PENSION WHEN YOU GET A BOOST:
Most at time whenever there is an increment in our income, we tend to change our lifestyle; new phones, big restaurants and luxury cars, etc. Why adjust your lifestyle when you get a pay rise? It is always in your best interest to channel additional income into savings. Increasing your monthly contributions enhances your retirement savings at the end of your active working years.
To conclude, we wish to emphasize that, whether you belong to the formal or the informal sector we encourage you to save into our Personal Pensions scheme to give you the opportunity to build a significant personal wealth. Secure Pensions Trust Limited wants you to meet the future with confidence and smile. Save with us and enjoy great retirement benefits.
Stay Safe, Stay Secure.