My Nigerian Voice

Saving money is a little bit different in Nigeria because of many money factors. I mean the concept of saving money is the same you keep some percentage of your income aside every month to save for rainy days or to have emergency funds. however, to save money effectively as a Nigerian you have to save money the Nigerian way. one thing is for sure saving money is a piece of advice we hear all the time and trust me it is the best personal finance advice you can ever receive. but the truth is saving money is not that easy I mean let's tell ourselves the truth. Especially if you are on a low income and the fact is the majority of the people who want to save money because they understand its importance are low-income earners. whether we like it or not this is a money factor that makes saving money difficult and different in Nigeria.  However, the good news is this, if you want to save money you can save money whether your income is low or you have an inconsistent income you can still sa

  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

Are there no days you wake up and wish you didn’t have to spend money? Just because you wish you could save more money and stop overspending. Or your reason could be that you are tight on cash at the moment and not having to spend will take off the financial stress for a little bit. Whatever your reasons might be for not wanting to spend money. You are on the right page because there is a solution to your problem and it comes in form of a challenge. The no-spend challenge is here to rescue you.  What is a no-spend challenge? A no-spend challenge is a personal finance activity where you don\t spend money within a period of time as the name implies. The idea behind this challenge is to be able to cut down expenses in other to manage your money better and be able to save money for whatever purpose. The concept is to go for weeks or a month without spending money either on certain things or just completely no spending money. There are conditions behind this challenge that you will get to u