Category Archives: Articles

How your savings account works

How your savings account works

A savings account is opened in a bank by a salary earner or a person who has a regular source of income in order to have interest on his/her money. This facility is also available to students, senior citizens and

5 Things You should never do with your savings

5 Things You should never do with your savings

We’ve all been there, right? You deprive yourself good things of life to save up some money. But you end up spending it on things that are not on your plans. don’t know why it keeps happening; maybe it’s the

Best ways to open bank accounts for your kids

Best ways to open bank accounts for your kids

Parents are pleased to watch the excitement on their children’s faces when they take them out to amusement parks and other places of fun on their free days. While this makes children happy, parents should also consider more exciting ways

Three ways to earn interest on your personal account

Three ways to earn interest on your personal account

Jumoke Alabi has three different accounts with a bank. She has a current, savings and a special account, which is one of the innovations from the bank. Her bank deducts regular charges on her current account but does not pay

Nigeria wastes 42,160MW as transmission, distribution challenges linger

Nigeria wastes 42,160MW as transmission, distribution challenges linger

Challenges facing the Nigerian Electricity Supply Industry (NESI), have led to the wastage of about 42,160.87 mega watts (MW) of electricity out of the 88,566.43MW generated by power generation companies (GenCOs) last year.  Although the current administration had vowed to

Lending Money to Friends

Lending Money to Friends

Before borrowing money from a friend, decide which you need most. —AMERICAN PROVERB Money and friendship often do not mix very well, like drinking and driving. Money can part the best of friends, and can even sour sibling relationships in

3 Questions that you need to ask yourself as a career starters

3 Questions that you need to ask yourself as a career starter

Dear young professionals, having a fulfilling career I believe is something you really want to achieve. I understand you wish to have a meaningful career in a good company where you can make a remarkable difference, but have you ever

6 Simple ways to earn extra money

6 Simple Ways To Earn Extra Money

Everyone would like to have that bit of extra cash in their pocket. Whether it’s for an emergency, or for saving or to buy something you’ve had your eye on, this is a good time to earn that cash. It wasn’t

What exactly does it mean to pay yourself first?

pay-yourself-first

One of the key fundamental principles of personal finance is pay yourself first. If you are hearing or reading about this phrase for the first time, you’ll probably find it confusing because it sounds like an idiom. Well, it is

Reasons why financial stability before marriage should be very important to you

financial stability before marriage

Financial stability before marriage actually cuts down on the chances of a failed marriage. To consider yourself ready to tie knot, you would need to have a satisfactory grasp of emotional intelligence – and you actually must be used to

How to become a successful entrepreneur

How to become a successful entrepreneur

Professional athletes train hard and closely monitor what they put into their body. They have a team and even hire professionals on the side to help them reach peak state within their body and in their mind. They know this

What you are looking for is not lost

What you are looking for is not lost

Have you ever spend time scattering the house looking for something only to find out later it’s in one of your pockets or where you searched for previously? It has happened to me many times with my car keys or