Budgeting Plans For When a Child Comes into Your Life – Contributed by Tokie Laotan-Brown When a child comes into your life, you are guaranteed a whirlwind ride, from baby showers to naming ceremonies – it is a constant flow of advices, best practises from moms, moms in law and well wishers. It is definitely …
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Nimi Akinkugbe, Money Matters with Nimi continues the discussion don’t let the wedding ruin your marriage. (See Part 1 here) Who pays for what? In the past, tradition was not financially kind to the bride’s family who was expected to cover most of the costs.Nowadays both families tend to play a role and the division …
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Nimi Akinkugbe, Money Matters with Nimi discusses don’t let the wedding ruin your marriage in this 2 part series. Don’t let the wedding ruin your marriage From our earliest years we are conditioned to dream of a fairy tale wedding. Parents are often under a lot of pressure on themselves to give their children the …
Have you set your financial plans for the New Year? It is clear that we face economic challenges with the decline in global oil prices, the devaluation of the naira, a volatile stockmarket, increased interest rates, serious security issues and a general air of uncertainty in the land. This will inevitably have an impact on …
Living on a budget is the key to financial freedom, but getting started can be frustrating. Learning to save on expenses is an important step to better financial health. When we look at our expenses and see all of those bills we’re paying every month, it’s easy to throw our hands up in frustration on …
This article discusses how to create a family budget and why it is important in the long run. Most families have multiple sources of income. And when there are multiple spenders, that makes things much more confusing. This is one of the main reasons that families lack a formal budget. But having a budget and …
Are you financially literate enough to raise a daughter who is financially empowered? Your daughter learns from you and how you see and handle finances. Start with asking yourself about your own finance? How well do you manage it? what about your family’s finances, are you responsible enough to handle it with care?Are you an …
Are your children financially literate? Contributed by Nimi Akinkugbe, Money Matters with Nimi Our current educational system focuses almost totally on academic subjects and very rarely is any aspect of money management taught in the school curriculum. This is set to change in due course. At an event to mark Global Money Week held at …
This is continuing the discussion on some ways to curb spending on items you did not budget for and some tips to track your spending. Some of the main tools required are Discipline, Tracking and Being Conscious. Limit use of Cash – Limit paying for goods and services with cash. Either use cheques or make …
Have you considered how much of your earnings you cannot account for? Apart from your needs, like groceries and wants like a new pair of black shoes, there is another real category called the “Unclassified and Uncaptured spending”. There are many ways to set a budget and to decide how much to spend on a …