In order to have a great personal finance system, you should have at least 5 different accounts for different purposes. These 5 finance accounts would help improve your personal finance journey. Checking Account/Debit Card: This should be the first type of account you get as an adult. A checking account is an account for you to perform daily transactions such as deposits and withdrawals. This is basically your day-to-day bank account which ... Read the Post...
Naira is constantly losing its value. There's a high chance it may become #1,000 to $1 before the year ends. You can’t be working this hard not to enjoy your money, right? What can you do to preserve your money and get your money's worth? Save in DOLLARS!!! Saving in dollars is your best way but sometimes it's hard to get access to domiciliary accounts and the bottlenecks may be a lot. So I decided to do some research on the top ... Read the Post...
Remember when I mentioned in the how I paid my student loan post that SAVING was so underrated? Here’s why! Your Savings is the only thing you can fully control You can’t fully control your income because it is based on a lot of external factors. You can have some autonomy but you really can’t control it. You can’t control your investments, and the first half of this year has shown us a lot of that. You can’t also fully control ... Read the Post...
In my last blog post, I lit a fire under your behinds, cause you gotta save guys! So the big question is how do you save money? 1. Track your monthly income and expenses This is the first step to saving money. If you have no idea what your expenses are or total income is, how would you know exactly how much you can save. There are various ways to do this; Manually on an excel sheet if you’re that type of person. In this case, ... Read the Post...
