Should you prefer paying off debt fist or save money first? Paying of debt is equally important like saving money…..
Should you prefer paying off debt fist or save money first? Paying of debt is equally important like saving money…..
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I try to keep at least 10% of my income for savings. I know saving money comes with a lot of benefits thars why I tried to always save money no matter how small. So if I can't even keep much I try to keep at least 10% it would help in the long run. So between 10 to 20% of one's income should go to sRead more
I try to keep at least 10% of my income for savings. I know saving money comes with a lot of benefits thars why I tried to always save money no matter how small. So if I can’t even keep much I try to keep at least 10% it would help in the long run.
So between 10 to 20% of one’s income should go to savings for emergency and the rainy day’s. Because a day would come that you might just need extra money to run some things.
See lessWhen you have a lot of responsibility you sometime may not remember that, even at that time, you supposed to have some money saved. When is the right time to save money? Is it when I have much money before ...Read more
When you have a lot of responsibility you sometime may not remember that, even at that time, you supposed to have some money saved. When is the right time to save money? Is it when I have much money before I can start saving?
Read lessI think it's good to start savings immediately you start hustling. Even if you didn't reached 18 years, saving can help you to build a good future to yourself. Same think on retirement, because the earlier you start saving for retirement, the more time your investments have to compound. As a salaryRead more
I think it’s good to start savings immediately you start hustling. Even if you didn’t reached 18 years, saving can help you to build a good future to yourself.
Same think on retirement, because the earlier you start saving for retirement, the more time your investments have to compound.
As a salary earner it’s good to evaluate your retirement savings and make any necessary adjustments to ensure you’re on track to maintain your desired lifestyle in retirement.
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Is it good to save money as hard cash or save money in the form of gold, bonds, treasury bills, etc. Which is the best option for saving money for financial security?
Is it good to save money as hard cash or save money in the form of gold, bonds, treasury bills, etc. Which is the best option for saving money for financial security?
Read lessI believe in saving money through assets and not hard cash. This is what I learnt from reading the book, Rich Dad, Poor Dad. Robert Kiyosaki encourages the need to invest in assets like Treasury Bills, stocks and property. Assets make your money grow and that is how you build wealth. Though there isRead more
I believe in saving money through assets and not hard cash. This is what I learnt from reading the book, Rich Dad, Poor Dad. Robert Kiyosaki encourages the need to invest in assets like Treasury Bills, stocks and property.
Assets make your money grow and that is how you build wealth. Though there is high need to keep learning and researching so as to make the right choices on what to invest in. Financial literacy is very important in investment.
See lessHaving a joint account with your partner can offer several benefits:Simplified Finances: Combining your finances can make managing bills, expenses, and savings easier, as both of you have access to a shared pool of funds. Transparency: A joint account promotes transparency ...Read more
Having a joint account with your partner can offer several benefits:
Depends on the kind of partner whether it's your spouse or your business partner and how the business is structured, you can definitely benefit from having a joint account, like the ease of access, so if anyone wants to deposit or withdraw, you don't need permission. It can also promote trust amongRead more
Depends on the kind of partner whether it’s your spouse or your business partner and how the business is structured, you can definitely benefit from having a joint account, like the ease of access, so if anyone wants to deposit or withdraw, you don’t need permission.
It can also promote trust among the partners giving that they trust each other by giving unfettered access to the financial channel.
See lessInvesting money is for sure one of the most important money making activity everyone must indulge him or herself into in order to have enough to save and enough to spend. I stand to be corrected, because the above remarks ...Read more
Investing money is for sure one of the most important money making activity everyone must indulge him or herself into in order to have enough to save and enough to spend. I stand to be corrected, because the above remarks is my thoughts what do you all think?
Read lessBalance is required in every aspect of life, right from eating habit to sleeping habit. Once we lose the balance, then we started facing problems. Similar we need to keep balance in investing, saving and spending. All these three are our requirement and mostly people have to do it. In my view we neeRead more
Balance is required in every aspect of life, right from eating habit to sleeping habit. Once we lose the balance, then we started facing problems. Similar we need to keep balance in investing, saving and spending. All these three are our requirement and mostly people have to do it. In my view we need to focus more on our savings because this remain our sure position. While in investing we may face marked loss too. While we spend money then we must also remain very careful and spend money where it required much more.
See lessDo you have a monthly savings plans? How much are you able to save each month? I used to have a monthly savings plan but i stopped, i am thinking of starting it all over again.
Do you have a monthly savings plans? How much are you able to save each month? I used to have a monthly savings plan but i stopped, i am thinking of starting it all over again.
Read lessThe amount of money to save in monthly basis depends on your monthly budgeting and income, if you'd receive monthly income or work on monthly basis, the amount of your monthly income will determine the amount of money you'll save monthly. Budgeting play a major rule in saving monthly, budget will heRead more
The amount of money to save in monthly basis depends on your monthly budgeting and income, if you’d receive monthly income or work on monthly basis, the amount of your monthly income will determine the amount of money you’ll save monthly.
Budgeting play a major rule in saving monthly, budget will help you concentrate on your goals, so it’s important to create budget will planing to save monthly.
Hope this help.
See lessWhat is a Certificate of Deposit (CD), and how does it work?. Is there a difference between a Certificate of Deposit and fixed deposit bank account, or even bonds. How does it differ from a saving account?
What is a Certificate of Deposit (CD), and how does it work?. Is there a difference between a Certificate of Deposit and fixed deposit bank account, or even bonds. How does it differ from a saving account?
Read lessCompound interest refers to the interest calculated on both the initial principal and the accumulated interest from previous periods. But how does it actually work for the customers who save money?
Compound interest refers to the interest calculated on both the initial principal and the accumulated interest from previous periods. But how does it actually work for the customers who save money?
Read lessClothing is one of the reasons people overspent their money because it makes people looks good and responsible, but we really need to save money on clothing. You can save money on clothing through good management, I mean taking good care of our old clothes, how? Washing our old clothes with good detRead more
Clothing is one of the reasons people overspent their money because it makes people looks good and responsible, but we really need to save money on clothing.
You can save money on clothing through good management, I mean taking good care of our old clothes, how? Washing our old clothes with good detergent regularly can retain our clothes for long period of time.
You can also save money on clothing by amending our clothing, we have clothes that looks unfit in our body, we can amend them to fit our shape instead of putting them in trash.
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Though the two are worth doing but you should do the paying of debts because this one has to do with another person so you need to settle them first to avoid harassment or embarrassment from people of the person you are owing. When you are able to make all your debt payment you would be more settledRead more
Though the two are worth doing but you should do the paying of debts because this one has to do with another person so you need to settle them first to avoid harassment or embarrassment from people of the person you are owing.
When you are able to make all your debt payment you would be more settled to start saving. I don’t think it would make any economic sense to be saving money while you are owing and your debtors are after you for payment.
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