Sapa – A Nigerian slang term for being broke, bankrupt, poor, poverty-stricken, or impoverished.
What is Sapa in Nigeria? The word ‘SAPA’ has been the most used word on social media lately, and people have also used it to sing. It is a term used in Pidgin English to describe a state of being extremely broke or poor, usually after spending extravagantly. We can also call it the spirit of poverty that targets one almost all the time.
Sapa is a Yoruba-originated word used to express the financial status of a person when he/she is broke or poor. Sometimes, the word “Sapa” could be used to caution a person from spending lavishly, reminding them of the reality that they should spend wisely.
One of many other ways to avoid Sapa is by saving.
Savings are the funds you set apart to pay for unforeseen or planned needs in the future. Company plans should include a section on savings, as a strategy to meet objectives, plan for unanticipated circumstances, and continue operations even when sales/business is slow.
The importance of savings is often underestimated. Frequently, people believe they will have ample time to put money aside for savings and investments for the future.
However, in my opinion, it is preferable that we begin investing our money from a young age, especially as we start to notice inflation while we are in our teens. Year in, year out, inflation rises. By putting part of our money in investments, inflation might be checked if it exists, instead of spending them on things that might not be valuable in the future or the bank.
Why it’s necessary to save
Regardless of income, consumption, or stage of life, saving is important for everyone. Here are some justifications for why you should begin saving.
- It provides comfort of mind: You feel more at ease knowing that you have a certain amount saved up for emergencies. Knowing that you won’t have to suffer if things take an unexpected turn, allows you to live a life free of stress.
- It improves your future: Your savings may be the key to achieving a lot of your objectives. You can purchase a home, save money for retirement, or get a car. You may safeguard your future, savor the finest that life has to offer and lead a very fulfilling existence.
- Planning your short-term objectives: This is possible because saving is not just for the future. Saving money in the short term can also be advantageous to you. Many individuals go on vacation after putting money aside for a while.
How can we help? Prime KBS Institute (PKBSIL) is dedicated to helping you, our clients, by providing knowledge-based solutions and access to short-term executive education programmes, in broadening your specific competency breadth.
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