My Nigerian Voice

  Photo credit Unsplash With the increase in the number of individuals wanting to be more money conscious and financially savvy. It is not surprising that Financial literacy is becoming a sought after knowledge in Nigeria. Everyone wants to understand what money management is all about and how it can help them grow their wealth. For a fact, financial education is the key to wealth and every Nigerian that I know would want to learn anything that will bring them more money. So today we will be looking at some financial literacy terms everyone should be familiar with and financial literacy concepts we can practice. Financial Literacy Terms Known In Nigeria Financial terms are not different in Nigeria compared to the rest world. These terms mean the same thing any day, any time and anywhere. So let’s know them and include them in our vocabulary.  Asset  An asset is any resource that holds value. It keeps appreciating and rarely depreciate as time goes on. In other words, assets contain a v

How to write a Budget In Nigeria, budgeting is seen as what the government, religious institute and business sectors do. However, we do not see it as a thing a household or an individual can do to be in control of their finances. We understand how to manage our finances and how to manage money. However, we do not know the importance of budgeting and how it can make life easy for us.  We pay our bills, take care of our basic needs, save money and even think of ways to make extra money. But in trying to manage money the right way we forget something really important that can make everything easy for us that thing being a budget Budgeting has a lot of advantages and importance which we will soon take a look at and learn how to write a personal budget but before then…. What is Budgeting? Budgeting is the process of creating a plan to spend your money according to my money coach . This spending plan is called a budget. Shortly we will be seeing how to write a budget. When you budget, you a