When it comes to securing your financial future, selecting the right savings account is a crucial step. With a sea of options available, it's easy to feel overwhelmed and unsure of where to start. In this post, we will walk you through the essential considerations to help you navigate the maze of how to choose …
Are you planning to open a savings account but don't know where to start? Knowing how to open a savings account is a crucial first step towards achieving your financial goals. It's an easy and straightforward process. However, you need to have the right documentation ready to ensure a smooth account opening experience. In this …
Savings Account Checklist: Documents You Need to Open an Account
If you’re like most people, then you have probably bought more airtime than you needed at least once in your life. If you’ve found yourself in that situation again, then you should read this! In this post, we'll show you how to transfer airtime between networks and save money on airtime in the process. Airtime …
How to Transfer Airtime Between Networks and Save Money on Airtime Expenses
A Fixed Deposit Account, also known as a Term Deposit Account, is a type of savings account offered by financial institutions. It allows you to deposit a lump sum of money for a fixed period of time, typically ranging from one month to five years or more. With a fixed deposit account, you earn interest …
As the world gathers to celebrate International Worker’s Day, the vibrant Nigerian workforce is not left out. It has been said that saving money is a marathon, not a sprint but what are the saving strategies for workers? According to Statista, the Nigerian workforce is estimated to be around 80 million people, with a participation …
What is a high-yield savings account? You’re about to find out! High-yield savings accounts are becoming increasingly popular in Nigeria as more banks and financial institutions are offering their customers more options. Simply put, a high-yield savings account is a type of savings account that typically offers a higher interest rate than a traditional savings …
What is a High-Yield Savings Account? Definition, What to Consider
Saving money can be challenging due to the high cost of living. That is why you should consider a high-yield savings account. A high-yield savings account is a type of savings account offered by banks or financial institutions that typically offers a higher interest rate than a traditional savings account. The term, ‘high yield’, refers …
To save money fast, there are steps you must take to plug your money leakages. Saving money is all about making small changes and being consistent. Saving money in Nigeria is one of the most important things you can do for your financial stability. People tend to struggle to save money as their salaries have …
When it comes to saving money, it is essential to choose the right bank that offers the best deals and incentives. As a country with a booming economy, there are quite a number of banks for saving in Nigeria. You must acquaint yourself with the banks in Nigeria and how they operate. Why you need …
Saving money is an important habit that can help individuals build wealth and prepare for the future but along the line, some common questions about savings arise. Understanding how to save effectively can be confusing and overwhelming. Financial experts generally recommend saving at least 10% – 15% of your income, but the amount you should …
In today's unpredictable world, you never know when it becomes necessary to spend your emergency fund. An emergency fund is a stash of money set aside to cover unexpected expenses, such as medical bills, job loss, or car repairs. Deciding when to spend your emergency fund and when to save it can be tricky. What …
Are you serious about financial management and want to know how to save money on a low income? You have come to the right place! Asides from helping you navigate tricky situations, saving money helps you meet your financial obligations, and build wealth. Saving money on a low income can also help you avoid debt, …
