angle-down facebook twitter linkedin pinterest mail arrow-with-circle-right angle-left angle-right youtube-play triangle-right angle-left th angle-right map google export arrow-forward refresh2 location mobile2 shopping-cart clear fax

Back to News

Little by Little: Growing Your Savings in the New Year

Little by Little: Growing Your Savings in the New Year

A YouGov poll revealed that some of the top New Year’s resolutions are:
  • eating healthier (37%),
  • exercising more (37%), and
  • saving (more) money (37%). [1]
Saving money is an excellent goal. An ancient wise saying from East Africa says, “Hurry, hurry has no waiting, little by little fills the measure.” This means that saving in a regular, systematic manner can be fruitful over the long-term. Another great proverb is, “Dishonest money dwindles away, but whoever gathers money little by little makes it grow.” (Proverbs 13:11, NIV) If we want our money to grow, we should earn it in an honest way, and we should save little by little over time.
What steps can we take this new year to increase our financial resources? Here are some tips:
Save for emergencies. Something will always happen that can throw you off track from accumulating savings. You might have an unplanned medical emergency, car repair, lose a major client, or get laid off. A great goal is to build up emergency savings to cover 3-6 months of expenses. Put these dollars into accounts that are safe and secure. If you are young and in good health, you might also consider whole life insurance as an alternative tool to build up cash. You can borrow against the cash value in those policies for emergencies. 
Live below your means. Think about ways to spend less on a monthly basis that you earn. In the best seller, The Millionaire Next Door (Stanley and Danko), a significant number of millionaires have simple lifestyles and tastes. They did not spend too much for a car or a house. They prefer inexpensive clothes. Living below your means helps to free up funds for savings. 

Automate your savings programs. Determine how much you will save on a monthly basis, and then make it automatic. By taking this step, you make only one decision for a ten-year period instead of 120 monthly, individual decisions.

Save for retirement. If you are an entrepreneur, set up retirement accounts for you and your employees. Find out what retirement plans are available where you work. If you own a business or work for a business, it there a 401k-retirement plan? If you work for non-profit organization, is there a 403b or 403b (7)-retirement plan? If you work for the government, is there a 457-retirement plan?

You can also save for retirement using Roth or traditional individual retirement accounts (IRAs). The Roth IRA is a really great vehicle. You can put in after-tax money, let it grow tax-free, and then eventually withdraw funds tax-free. Some businesses have started to set up Roth 401k plans for the owner and employees. With all of your retirement accounts, you should review your beneficiaries annually. With proper use of beneficiaries for IRAs, you can build up wealth for future generations.

Costs matter. With your retirement savings and other investment programs, the costs you pay for fees and expenses are critical. Investments with high fees and expenses can significantly erode the value of your long-term savings. Choose financial institutions that have lower fees and expenses. 

How much should you save for your goals? This depends on a number of factors including your personal financial information, other family data, short-term goals and long-term goals. A great way to address this question is to develop a financial plan. Regardless of this process, it is critical to start saving something, even initially a small amount. You can increase your regular, savings in the future when your income increases.

Best wishes as you implement your goals for 2019! 

Lyman Howell, MBA, CFPâ is the President of Regal Oak Financial, LLC,, a Registered Investment Advisory Firm in Illinois. His firm provides financial planning and investment advisory services.




[1] “The Most Common New Year’s Resolutions for 2018”, Martin Armstrong, Jan 2, 2018




Kimberley Mbayiwa

Overflow Afterdark provides an opportunity for artist entrepreneurs to showcase their skills and products to a diverse community of people, as well as network with other artists, entrepreneurs and small business owners. Each Afterdark event features a performing artist and a vendor. At our September event, Kimberley Mbayiwa, founder of Ricafrica, was our featured vendor.

Born and raised in Zimbabwe, Kimberley has always had a passion for the African continent. After moving to the United States for college, Kimberley's passion for Africa only increased. She gained a greater appreciation for the contributions and impact the continent had and continues to have on the rest of the world.

Kimberley's believes the opportunity is ripe for continent-based African designers, artists and artisans to participate in socially, culturally and economically enriching exchange with those outside of Africa who seek to celebrate African heritage and innovation. Unfortunately and ironically, many African entrepreneurs face barriers to entry that prevent them from participating in global celebrations of African heritage and innovation. The barriers are many--financial, physical, political, social, and more. Consequently, it is commonplace to find contributions of many African's being exploited, stolen, replicated, and appropriated. The impact of this is deep reaching. Not only are African contributors not getting the recognition they deserve, but the resulting economic loss is detrimental--lives are literally lost because Africans are being excluded from the global economy.

Kimberley founded to address the problem of those barriers. Ricafrica includes a unique online marketplace that makes goods made in Africa accessible to the global marketplace. African businesses showcase and sell their products on Ricafrica so that people around the world can learn more about, celebrate and purchase their designs and innovations. Ricafrica facilitates a global celebration of African heritage and innovation that is authentic, respectful and allows Africans, particularly those who are continent-based, to fully benefit from their contributions to these celebrations. This is an ambitious endeavor cluttered with obstacles. However, being at the intersection of all things African and lovers of all things African makes it clear that is a worthwhile endeavor that many desire and support.

Entrenuity was honored to feature Ricafrica at the September Overflow Afterdark event. Find out more at RICAFRICA.COM.

Love Tea

Love Tea

James and Chastity Shelby

Love Tea started off as “the perfect mistake” according to Chicago couple, James and Chastity Shelby. The original concoction wasn’t planned, but was just something Chastity threw together one night when James was feeling sick. James loved the tea and started requesting that Chastity serve it iced whenever family and friends would visit. Guests raved about the drink and a friend in the food industry offered to test its success at his restaurant. The tea sold out daily during its test run and the Shelby's knew they were on to something.

The Shelby's started their business, Love Tea LLC, in the summer of 2015 and have introduced seven additional tea flavors since their beginning. Love Tea is offered in several local restaurants and the Shelby's hope to one day see it offered in stores like Whole Foods and Marianos. Like most entrepreneurial endeavors, building their business has required a great deal of commitment and hard work. The duo personally handles every aspect of their business--from marketing to tea production to delivering orders. They say being in business together as husband and wife has been amazing! "It has pulled out so much strength, determination, and dedication ... not only for the business but for our marriage."

This summer, Overflow added Love Tea to its drink menu. It's a perfect match with Overflow Coffee Bar--not only does it add to the variety of the drink menu, Love Tea gives provides customers with an opportunity to add value to the community by supporting local business. As the owner of Overflow Coffee Bar, Entrenuity is committed to supporting entrepreneurs for real success by providing opportunities for pre-existing businesses to increase sustainability. Love Tea is the third small business Overflow Coffee Bar has partnered with in the past 7 months.

Overflow is featuring Love Tea's Sweet Heart strawberry lemonade, Sunshine honey lemonade, Grandma's Love traditional sweet tea, and Couples Retreat mint lemonade. 

Love Tea can be found at Overflow Coffee Bar 7 days a week during our regular business hours. Feel free to stop in and order a Love Tea to go with one of of our delicious sandwiches!


Inspiring Entrepreneurs

Inspiring Entrepreneurs

Boogaali Bikes Uganda

Boogaali is derived from two separate words: "Boo" from the last letters of the word bamboo and "gaali" from the "Ganda" word meaning bicycle.

Kasoma Noordin, Director of Boogaali Bikes Uganda, has a passion for bamboo--what he believes to be nature's perfect plant. Strong, light and durable, it can be used to create a wide variety of functional and beautiful products. It is all natural and easily renewable. When crafted into a bicycle, it helps promote an environmentally friendly and healthy lifestyle that reduces the number of vehicles clogging crowded roadways and helps improve air quality for all.

Kasoma learned the art of crafting bicycle frames with bamboo in vocational school in Kampala. He handcrafts each frame from hand-picked, mature bamboo stems, to exact specifications. Each frame is a beautiful, unique, highly functional work of art. His frames are not only beautiful, but provide an exceptional quality of ride that has amazing vibration dampening characteristics and incredible durability.

Kasoma's workshop has assembled over 2,000 bamboo bicycle frames, mostly for European customers. The bicycles haven't really caught on with the Ugandan people, who Kasoma says are not really bicycle riding people. But he is hopeful that more locals will enjoy the thrill of riding the bamboo bikes and that the bikes will become more affordable for the local people. 








Black Her-Story Matters

Black Her-Story Matters


Artist Emma Craigen designed the "Black Her-Story Matters" t-shirt currently sold at Overflow Coffee Bar. The t-shirt is actually a screen printing of a piece of Emma's original artwork titled, "Grow from Your Roots, " a combination Black History Month/Women's History Month art piece critiquing and satirizing what is, or rather, what is not, taught in schools. This piece specifically highlights the history of Black women in America, which is even more overlooked, and therefore what Emma wanted to celebrate and emphasize. 

"The past few years of middle school, my adopted black sister has lamented and been frustrated by a lack of recognition, relevance, and realism in schools when it comes to Black History and current events. A group of multiracial middle schoolers don't just want to learn about the old white guys who wrote the constitution, they want to know the stories about people that look like them, too. It's time that curriculum was changed to reflect a full and diverse reality.

Black History Matters. Black Women Matter. Representation Matters. Especially in schools.

Model: my beautifully ferocious and ferociously beautiful budding social justice princess warrior little sister: Trinity"

~Emma Craigen






Angela Jackson in Nairobi

Entrenuity's Angela Jackson lives an inspiring life and lives her life to inspire. Incorporating her love for business and community, Angela is currently utilizing her expertise as a business consultant/coach to develop and empower marginalized communities throughout Nairobi, Kenya. As a Certified StartingUp Now Facilitator, Angela is teaching the SUN curriculum to service and support startup organizations and entrepreneurs in multiple social enterprise efforts:

  • Angela is currently teaching business classes at IJM--an organization that specializes in social services and recovery for victims of police brutality, unjust imprisonment, and survivors of sexual exploitation. IJM developed an aftercare plan that supports survivors with economic empowerment along with a fund to kick-start small enterprises. Angela assists IJM’s staff in providing practical business training to help these small businesses become self-sustainable. Angela works with the IJM staff so they can assist their clients in creating excellent business plans and equips them with the proper tools to coach their clients for success.
  • Alongside an organization like IJM, Angela is passionate about working with HAART, an organization that raises awareness against human trafficking. Kenyans are trafficked as a result of child labor and exploitation. Men, women, and children are all subject to such heinous crimes. Angela equips and coaches survivors, supported by HAART, to recover and start their own businesses in the midsts of adversity and emotional trauma.
  • Between her time teaching business classes to the staff of these organizations and helping in the recovery process of sex trafficking survivors, Angela volunteers her time at Christ Hope International, serving children and orphans affected by aids. Angela recognizes the importance of strengthening families and teaches business classes to both children and their parents. Angela uses simple life illustrations to teach children the importance of recognizing problems in their community and coming up with lasting solutions.
  • As a strong and empowered women herself, Angela uses her business skillset to partner with Woman’s Hope, a community that provides the women of Kenya with relevant social-economic information to uplift their society. Angela helps nurture and cultivate a culture of strong female leaders, assisting them in developing strong and stable social enterprises.
We're proud of Angela and inspired by her motivation and tireless commitment to serve entrepreneurs all over the world!!

Check Out Continue Shopping