Blog | e-Barcs Microfinance Bank

Inflation in Nigeria affects everything food, transport, rent, and daily expenses. But even in a rising-cost economy, you can protect your money and grow it with smart financial habits. Here’s how to save wisely during inflation.

1. Choose High-Interest Savings Accounts
Inflation reduces the value of money. Keep your savings in accounts with strong interest rates like e-Barcs Regular Savings. This account helps your money grow and cushions the impact of rising prices.

2. Automate Your Savings
Set automatic transfers from your main account into a savings account. Automation removes emotional spending and builds discipline, even when expenses climb.

3. Cut Non-Essential Spending
Review your expenses. Reduce takeout meals, impulse buys, data wastage, and unused subscriptions. Redirect those savings toward your financial goals.

4. Diversify Your Income & Investments
Don’t rely on salary alone. Explore mutual funds, treasury bills, small side businesses, or digital skills that earn extra income.

5. Save in Value-Stable Assets
Real estate and inflation-linked bonds help protect long-term wealth when inflation rises.

Smart saving means being intentional, disciplined, and informed. Start now and let your money work harder than inflation.

Start now with e-Barcs Regular savings account and beat the rise of inflation, with high interest rates, and be assured of beating inflation.

Get access to your free debit card through our mobile app. Enjoy every day transaction on the goal.

Begin with e-Barcs MFB today download our mobile app via

Android: https://bit.ly/4eb5PFq
iPhone: https://bit.ly/4nwROqb
Call: 07074770560 | www.e-barcsmfb.com