We’ve all heard the famous maxim, Buy Low, Sell High but it’s easier said than done. It seems so obvious, but many investors often do the exact opposite! Because of a strong aversion to risk and the fear of loss, so many people sit on the sidelines and watch opportunities pass them by. Are you…
Tag: money management
If It Sounds Too Good To Be True, It Probably Is.
Gbenga Thomas recently got a well-deserved promotion in a leading manufacturing company. He earned a decent income with good perks and had plans to move his family to a new apartment in a nicer neighbourhood. He had managed to save N3,500,000 for 2 years’ rent and placed it in a fixed deposit for 90 days,…
5 Budgeting Tips To Avoid Over Spending This Holiday Season
5 Budgeting TIPS To Avoid Over Spending This Holiday Season The holiday season is fast approaching and for many, it is a season of spending. Christmas is about spending quality time with the people we love and showing them that we love them. Gift giving is one of the most special and recognized way of…
How To Have a Great Christmas Inspite of the Recession
Christmas time is very important, but do we need to put ourselves under so much pressure to overspend? You don’t have to compromise your fun; you can have a great Christmas and still leave money in the bank. Here’s how: 1. Prepare a Christmas Budget Before you begin any Christmas shopping, prepare a Christmas Budget.…
Can you be frugal and fabulous?
contributed by Nimi Akinkugbe There is a common misconception that you have to spend huge amounts of money to look good. I am no fashion expert but I do know that being well dressed doesn’t have to cost a fortune. If you invest some time in careful planning and treat your clothes like an investment,…
Are you prepared for this year’s life events?
Are you prepared for this year’s life events? What are the major life events you anticipate this year? Are you prepared for them financially? Our lives are shaped by various life events that come with financial consequences. Many people get swept up in such events without being financially prepared. Life events range from the significant milestones…
Money manners: Is a friend in need a friend in deed?
by Nimi Akinkugbe Shakespeare’s Polonius offers the sage advice to his son Laertes in Hamlet “Neither a borrower nor a lender be, for loan oft loses both itself and friend.” Consider this scenario: A friend calls you and needs to see you urgently. It can’t be discussed on the telephone; she must visit you personally.…
Love and Money Management
Even the best system may not always be appropriate so be prepared to modify your system as your relationship and financial situation evolve About love and moneyWhen two people become a couple they confront a myriad of financial choices and decisions. Are you engaged? married? How much do you know about your fiance’s…
LagosMums and Christmas Financial Management
As we get close to Christmas and before the shopping frenzy gets into full gear, put a simple Christmas budget in place; it will help you determine exactly how much you can afford to spend on Christmas and all its trappings Don’t let Christmas catch you by surprise It’s that time of year again…it comes around…