WELCOME TO MY HEAD!

1. Know the difference between NEEDS and WANTS In basic terms, Needs are the important things in your life, things that we can't do without. They are things that are required for survival. On the other hand, wants are just the extra things which as humans, we desire to have but more or less, we can survive without them.  Now for a practical example, food is a need. We need to eat to survive but then, that daily dosage of shawarma is just a want, that pizza is really not necessary, if you don't drink that ice cream you won't die.  To save effectively, you have to identify the needs and wants in your life and once you've done that you begin to weigh your decisions and make more sensible choices.  Imagine making that choice to go home and eat that jollof rice in the fridge rather than buying that grilled chicken. Just think about the extra cash you've saved.  I've learnt how to say NO to certain things and that has helped me greatly. I’ve l...

So I’ll be starting a series on learning how to save. Most of what I’ll be writing are what I’ve experienced overtime, seeing that I don’t have any formal financial training. But over the years I’ve been able to save up money and invest also. Right now I have an account designated for saving, it doesn’t have an ATM card, I also have a piggy bank account (piggy bank is on online saving app that helps to keep your money. It has so many great features like auto save which when turned on automatically withdraws the amount you’ve set on a particular day you’ve also set.), I have a kolo (a kolo is a sealed box with only space to pass in money). I really hope these tips are helpful because I’ve really benefited from them. Happy reading.