@muganda, how about (on a company level) converting cash reserves into dollars to avoid the negative political influences exerted onto our local currency?

4 me Savings work well when they are connected to goals.

When putting money into a sacco for instance, the main benefits are two. The ability to borrow against that cash saved (definitely for a bigger project) or the dividends earned against the savings. The only other time that cash can be accessed is when leaving the sacco.

Apart from emergency cash set aside, I find that any savings without a plan will easily be wasted or used up.

I put away a fixed amount each month for my kid's education fund.
I put away some in a sacco to pay existing loans and save to borrow in the future.
I put away some in a unit trust fund that I can cash out in 10 years time.
I put some into the nse
I put some into the spending account that finances the month's expenses (shopping, fuel, etc)
I rarely ever go to the bank everything is in standing orders and I access the spending account through the atm by the 10th that account is empty having distributed cash all over.
When buying a plot or investing in anything substantial, I cash out of my nse portfolio.
Any cash coming in usually goes to reduce existing loans.

It is the goals that drive me otherwise I would be finished without this plans.

3. Sacco Saving available on Dec 4% ( xmass package) gave 20% interest last year