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 […]
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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
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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
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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
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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
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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
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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 “Unclassified and Uncaptured spending”. There are many ways to set a budget and to decide how much to spend on a monthly
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Planning for your Child’s Education Part II By Nimi Akinkugbe as a continuation to Planning for your Child’s education series, here for Part I.  “Save now, or you’ll pay later” Many parents pay school fees on an ad hoc basis without any advance planning. With the rising cost of education, if sound investments are not
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Contributed by Nimi Akinkugbe Mothers make huge sacrifices for their families and often neglect their own needs in the process. One area that is often entirely ignored is their financial security. A lack of financial skills has the potential to negatively impact not only a woman’s future, but also that of her children. Women face
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On 8 March every year, several events take place all over the world to mark International Women’s Day. Nigeria is no different, and throughout March, several workshops, seminars, and conferences will celebrate women’s economic, political, and social achievements. Traditional gender roles historically framed household income as women staying at home and looking after the children.
International Women’s Day and The Proverbs 31 Woman Read More »
