Adopt and practise these seven rules if you want your money to be properly managed.
You can manage your money like a pro, just follow these rules. (Blackmen in America)
Managing your money properly does not require a university degree in personal finance, neither does it require you to have a textbook knowledge of what management is about.
All it takes you to manage your money to achieve your financial goals and attain financial independence is just for you to follow certain rules of money management.
These seven golden rules can help you manage your money well if you practise them.
1. Pay yourself
Paying yourself first is the first golden rule you need to manage your money well. Apart from paying bills and taking care of other necessary expenses, you've got t start rewarding yourself too.
Put yourself on your payroll, and give yourself some financial reward for working for your future by paying yourself.
2. Grow your income
Ways to grow your savings (Pinterest)
To grow your income, you might have to consider a side business if your earning is not sufficient enough.
The good thing about this is that a side hustle does not only help you make more money, it helps you achieve your goals and improve your skills.
3. Spend within your means
How to manage your money effectively (Droidwhoop)
Living a life that is completely devoid of financial stress and issues isn't easy, especially in a consumer-driven world.
And if you want to live a life that is completely free of financial worries, you sure need to make living within your mean a lifestyle.
If you want to wear designers like stars and drive the latest cars like they do, you've got to check your income. If it's higher than the lifestyle you crave, you'll surely be living beyond your means. Therefore, live according to your means.
4. Calculate the interest rate before you get a loan
A lot of people might think taking a loan to actualise personal goals is a bad idea. They believe using debt to actualize ones financial dreams doesn't sound right to them.
See, it's not that deep. You can take loans to meet some of your personal goals. It only depends on how you manage it.
Before you take any loan, you need to pay attention to the interest rate. However, borrow only when you absolutely need to and calculate the costs that you will be incurring from borrowing.
5. Prepare for when you'll no longer be able to work
Things you should never do with your savings (Blog.lesroches.edu)
This is very important. If you are still young and getting it, always remember to prepare for the time your working days will be over. This is why you should have a financial plan that will be working for you when that time comes.
6. Develop a saving plan
These tips show you the frugal ways to achieve your financial goals (Libertytax)
Saving helps in more way than one. To grow your wealth and meet your financial goals savings should not be optional.
7. Always track your spending
Tracking your spending helps you identify some financial issues that you can easily correct, which will make a huge difference to your money matters.
The federal government has approved a reduction in the cost of forms for final year secondary school and post-secondary school examinations. This reduction, first announced by President Muhammadu Buhari’s aide on new media, Bashir Ahmad, was decided at the Federal Executive Council (FEC) meeting on Wednesday. Vice President Yemi Osinbajo presided over the meeting in the absence of Mr Buhari who travelled on official assignment to Borno State. The cost of Joint Admission and Matriculation Board (JAMB) forms was reduced from N5,000 to N3,500 while the cost of National Examination Council (NECO) forms was reduced from N11,350 to N9,850. The cost of Basic Education Certificate, also handled by NECO, was also reduced from N5,500 to N4,000. The reduction takes effect from January 2019. JAMB has been making hundreds of millions of naira profit since its new leadership headed by Ishaq Oloyede assumed office; leading many Nigerians to demand a reduction in the cost of forms. ...
AAUA Student Union Election Accreditation Procedure 1. Visit www.election.aaua.edu.ng to register/accredit for AAUA 2017/2018 student union elections. 2. Login with your E-PORTAL Details to verify your studentship. 3. Then click PROCEED. Vote Wisely! NOTE: Accreditation Starts 23th October, 2018 and Ends 30th October, 2018. Only accredited students will be allow to vote.
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