Absolutely correct 👍
Please go to my profile and like my post
Sponsored Advertisements
Balance ur finance
Leave a Reply
New Discussions
-
konnect cash out Every 25th of a new month
Konnect Official
26 mins ago99 -
Earn in Dollars
King
40 mins ago00 -
The most expensive thing in this picture is not even the car.. oh God 💔
Mich Elle
40 mins ago00 -
My mind cut, cause I think say na me dem dey find 😂
Mich Elle
46 mins ago00 -
I trust in you, Lord.
Mich Elle
48 mins ago00
Chiboy
53 days agoGot you 👍 Let me give you some practical financial advice that works no matter how much you earn:
---
💡 1. Know Where Your Money Goes
Track your expenses for at least 1 month.
Write down every single expense (transport, food, airtime, data, clothes, etc.).
This helps you see where money is leaking.
---
💡 2. Budget Smartly (The 50/30/20 Rule)
50% Needs → rent, food, transport, bills.
30% Wants → clothes, fun, outings.
20% Savings & Investments → future security.
(If income is small, even 5–10% savings is better than nothing.)
---
💡 3. Pay Yourself First
The moment money enters, remove savings before spending.
Example: Earn ₦50k → Save ₦5k immediately.
Use savings apps like PiggyVest, Opay, or Kuda to lock it.
---
💡 4. Build an Emergency Fund
Aim for at least 3–6 months of your expenses saved.
This protects you when unexpected issues come (job loss, sickness, family emergency).
---
💡 5. Avoid Bad Debt
Don’t borrow for luxuries (phones, parties, fashion).
If you must borrow, it should be for something that will bring more money (like business stock).
---
💡 6. Invest Earl
y, Even Small
Don’t let all your money just sit in savings—