Tegeera Study Track

Let's be honest.  Life as a student and office secretary is not easy when money disappears very fast. Between paying rent, spending on transportation, buying food and data, one’s bank balance is always low.

Many people think saving or investing is only for people with big jobs and lots of money.  But you’d be surprised at the truth.  Being rich is not about how much money you get, but how much you save and grow. If you are tired of being broke before the semester ends, NSSF Smartlife Flexi can help. (This is not a paid ad)

What is Smartlife Flexi?

Smartlife Flexi is a voluntary savings plan by NSSF. It is not only for workers. It is made for people like students who want to save any amount, at any time.

The beauty of it is that your money earns interest on its own while you study or rest. For example, I joined it to raise money to pay my tuition and save towards owning a home.

The Power of Saving 5,000 Shillings a Day

You don’t need a lot of money to start. Even UGX 5,000 per day is enough.

• Daily saving: 5,000 shillings is about the cost of a rolex and a short boda ride.
• In one month: You save 150,000 shillings.
• In one year: You save 1,800,000 shillings.
• Extra benefit: NSSF adds interest, so your money grows more than it would in a normal bank account.

You can save easily using Flexipay or Mobile Money, but the last time I checked, Mobile Money had transaction charges.  Flexipay is free. Flexipay is a mobile money and digital wallet solution provided by Stanbic Bank Uganda.  You don’t need to have an account in Stanbic Bank to use it.

3 Smart Tips for Students

A student calculates the cost of savings over dining Photo by Timothy Kalyegira

How to Get Started

It is very easy:

1.   Write down how you spend your money for one week, so you know where it goes.

2.    Sign up using the NSSF Go App or the NSSF website.

3.    Every time you get money, send 5,000 shillings or more to your Flexi account.

Final Message

Building wealth takes time. Starting small while you are still a student helps you learn good money habits. Do not wait until you graduate. Start now, and let your daily 5,000 shillings build a better and more secure future.