With the unplanned pandemic, dwindling economic situation, high inflation rate, hike in prices of goods and services, impromptu billings from family, friends, main and side boos; there is a need to shield oneself from unnecessary “shalaye” (explanation). The unexpected expenses that may spring up at any time are the reasons we need an emergency fund. …
DEBT MANAGEMENT
Debt is a common tool employed by entities (individuals and companies) on their journey to financial freedom. As debt comes with financial restraints, it is important we monitor our debt appetite and usage. Quite often, we get so overwhelmed with bills that it becomes hard to keep up with our finances and we end up …
MANAGING SAVINGS AND EXPENDITURE
In today’s world, it is very easy to spend more than budgeted in one sitting. Merely surfing the internet can make you spend more than planned. From buying shawarma to buying airtime to hangouts with your friends, etc. Earning is sweet, spending is sweeter. Even when your earnings increase, most assume they would then have …
THE ART OF BUDGETING
The word ‘Budget’ dates back to the 18th century. It originates from the old French word ‘Bougette’ which means a leather bag and gradually evolved to mean the content of a leather bag. Now, it has evolved to mean ‘A written document on how you intend to utilize your income’. A budget is a strategic …
Introduction to budgeting
So, it’s the end of the month and you just got your pay check. You are excited, finally you have some money in the bank. That feeling lasts for five minutes then you realize that you have to pay your rent, you need to fix your car, you have to hang out with your friends …
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