This blog post explores the IOU approach, enabling parents to support their children’s college education without the pitfalls of costly student loans.
Author: Precious Olisakwe
Mixing Money And Loved Ones: Casual Vs Organized Approach
In this blog post, we’re diving deep into the pros and cons of a casual versus an organized approach to lending money to those we hold dear. Our goal? To navigate these tricky waters with grace, ensuring that both your wallet and your relationships come out unscathed.
The truth about the psychology of saving and spending
It turns out there’s a whole science behind why we spend money the way we do. Understanding this can help us make smarter choices with our cash.
Financial Wellness Check: 7 Signs You’re On Track
The basic tenets of financial wellness are simple — spend less than you earn, save what you can, invest the rest, and protect your assets. However, applying these principles to our everyday lives is an entirely different story.
7 Things to Know About the Psychology of Money
Money is a topic that everyone seems to relate to in their own way because it is a complex relationship built on many factors. But have you ever truly considered the psychology of money?
Everything You Need to Know About Secured Credit Cards
Secured credit cards are a good way to establish credit if you have no credit history or a history of prior credit problems.
How To Kickstart Your Peer Lending Journey: Everything You Need To Know
As the P2P lending industry grows in Nigeria, it’s crucial to understand how it works and what you need to know to invest with confidence. Peer Lendly explains this.
Everything You Need To Know About Payday Loans
Payday loans are a type of no-credit check loan that typically only require proof of your paycheck for approval. That makes them a common choice for borrowers with bad credit.
Couples and Money: 6 Important Financial Decisions to Make
Talking about money with your significant other might seem daunting, but it’s an essential part of building a strong, healthy relationship.
Everything You Need to Know About Interest Rates
The interest rate is the amount lenders charge borrowers and is a percentage of the principal. It is also the amount earned from deposit accounts.
7 Simple Steps to Build an Emergency Fund
Life is full of surprises, and not all of them are pleasant. An unexpected car repair, a sudden medical bill, or a job loss can quickly derail your financial stability. That’s where an emergency fund comes in.
7 Cool Ways Millennials in Nigeria Are Saving Money
Millennials, the generation born between 1981 and 1996, are known for their tech-savvy nature, their commitment to social causes, and their unique approach to personal finance.
10 Great Tips for How to Prepare for Black Friday
Before the sales begin, it’s crucial to set a budget. This is your financial blueprint for Black Friday. Determine how much you can afford to spend and stick to it. This will help you avoid overspending and keep your finances in check.
5 Asset Classes To Invest Your Money In Nigeria
Stay curious, ask questions, and never stop learning. The investment world is constantly evolving, and staying informed is your best defense against uncertainty.
10 Money Mistakes not To Make In Your 30s
The money decisions you make this decade set the trajectory that determines whether you achieve financial independence or struggle paycheck-to-paycheck.
Finding Work-Life Balance When You Work From Home
This article aims to provide insights and practical tips to help Nigerians navigate the challenges and benefits of remote work-life balance.
The Power of Compound Interest: Growing Your Wealth
Have you ever wondered how your savings could grow over time without additional work from you? That’s the magic of compound interest, often referred to as the eighth wonder of the world.
10 Powerful Tips for Your Next Salary Negotiation
This article will provide you with ten insider tips to help you negotiate the best salary in your next job.
7 Must Know Tips to Become A Successful Entrepreneur
As a Nigerian entrepreneur myself, I’ve made plenty of money mistakes over the years that I learned from the hard way.
So I decided to put this guide together to share the key lessons that helped me get my finances in order and set my business up for success.
Important Things To Include In An IOU
An IOU is normally written when someone lends money to another person and wants that money back by a specific date. In this article, we’ll explore what an I Owe You (IOU) is, why they’re used, and the key details you need to include to make them effective.