Money Smart

Hello Friends, It's been a while since I last posted. I am sorry about that. I promise to be more consistent than this. Happy Democracy Day. It's the beginning of a new era for Nigeria, the beginning of a new Nigeria. The feeling of having a new government in power according to some people, is similar to how you feel when you win a jackpot, the lottery or whatever it is someone can win, and this got me thinking that it is time for me to proceed to my next question: "What would you do if you won the lottery/ a jackpot? I remember when I asked this question a few weeks ago, I got all sorts of answers, some had me almost rolling on the floor with laughter, some had me really and truly shocked, a few impressed me............., so I decided to share a few of the responses I got, and my thoughts with you. Below are a few of the responses I got: Omo, I go first resign from my job, carry my family, go on a well-deserved vacation, when I come back, I will come and

Babe, why have you stopped posting on your blog? When is your next post? What are you going to write about? All these and more were questions I got during the week. I want to use this opportunity to thank everyone who has come to this blog to read my posts. I also want to implore you to help share with your friends and family(after all, the more the merrier, or don't you think so?) Smiles................... So let's get back to the matter................. Of the discussions I had with people, one thing stood out for me, the second greatest excuse people give after "I don't earn enough to save from" is "I don't have the discipline to save in the bank, and not withdraw from it". Frankly, this was shocking, but then I realised that some people would rather keep things( money inclusive) out of their reach in order to keep it safe. So when I got answers like " If I save in my bank account, I will be tempted to withdraw when I want to

 Save ke!!!!!!  How much them dey pay me gaan sef?  Wooo my sister, after settling all my expenses and debts, how I wan save?  I try to save o, but I'm not consistent, because I have soo many things on my plate. Abeg responsibilities too much o, my dear These were some of the responses I got  from my survey- question 1. Then it dawned on me that most people don't save, not because they don't want to ( I like to give people the benefit of doubt), but largely because they have lots of responsibilities they cater to, and lots of expenses to offset. Research over the years have shown that to be a consistent saver, one needs to put savings over expenses, for example: if you earn an income of N100,000 monthly, you should first  take out your tithe ( this is for the christian folks), you should also take out your savings, before spending the rest on other expenses as they may come. Yimu, I hear some of you say, Well the truth of the matter is this: As humans

It was the second to the last week in April, salaries had not been paid, practically everyone around me was mumbling and complaining of how broke they were. They were all looking for a loan; be it a salary advance from a bank, or a loan from a colleague, it didn't matter. All they wanted and needed at that point in time was money till salaries got paid. On my way home, a good friend of mine pinged me, and the subject for discussion was also the money issue. He kept complaining how he hadn't been paid his salary, how small his monthly salary was, how he keeps borrowing monthly to supplement his salary, and so on and so forth. In the middle of our conversation, I asked him if he had any other source of income other than his salary, and his reply was " Babe, how do you expect me to have any other source of income? I can hardly save with my meagre earnings, not to talk of  invest in something" This got me thinking, and I decided to do a little survey. I a