One clear goal.
Manageable steps.
School costs, business equipment or a family project: start with what you need, then plan when and how much to set aside.
Prepare step by step
Name the goal and the date
Write what you will buy or pay for, the latest cost you know and when the money is needed. If the price could change, decide when to check it again.
Match the plan to your income
Subtract money already set aside for this goal. Count the income dates before your deadline. With seasonal income, allow for quieter periods and bills that still need paying.
Review the plan regularly
If you miss a planned contribution, reconsider the cost, date or amount you can set aside. Keep everyday essentials in your plan.
Example: equipment costing 120,000 RWF
Goal: 120,000 RWF. Already set aside: 30,000 RWF. Gap: 90,000 RWF. Over 6 months, 90,000 ÷ 6 = 15,000 RWF per month.
These are example figures, excluding interest and service charges. If 15,000 RWF does not fit after essential spending, try a longer timeline or a lower-cost goal.
My checklist
Check each item as you prepare it.
Checks are not saved when you leave this page. You can print the checklist before closing it.
Put your preparation to use.
Ask the SACCO about access to your money and charges for the account you are considering; confirm them before making assumptions.
Calculate your savings plan