Thursday, 1 February 2018

The first hurdle gone!

What a relief! Thanks to God we made it out of January!

The month of January was never nice to anyone regardless of your status quo. It has always be the month of financial harshness and has been described generally as the longest month of the year even though it has thirty-one days.

After a lots of party and merry over the holidays; many people are always faced with financial difficulties because of failure to plan their finances for the new year coming. It would make more sense and save us from financial embarrassment if we always threat our personal finance right, save for rainy days and avoid unnecessary spendings to prepare us ahead of a great start to a new year.

Below are key points highlighted by financial experts to help you out of your financial doldrums:

1. Create a Financial Calendar.

2. Check Your Interest Rate.

3. Track Your Net Worth.

4. Set a Budget, Period.

5. Consider an All-Cash Diet.

6. Take a Daily Money Minute.

7. Allocate at Least 20% of Your Income Toward Financial Priorities.

8. Budget About 30% of Your Income for Lifestyle Spending.

9. Draft a Financial Vision Board.

10. Set Specific Financial Goals.

For the rest of the tips click here to know more.

By Olagunju, Success Taiwo.

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