Happy New Year 2022! I no longer write a list of new year’s resolutions or decide to make changes in my life solely based on the fact that a new year is starting. I find my goals are ongoing for the most part and whilst I do have a clear idea of when I want… Continue reading Hello 2022! Top 5 financial goals
Category: Saving
Introduction to Pensions – Part 4
Welcome to the final post in the Introduction to Pensions series, this post focusses on Step 3 of How Pensions work: Withdraw Step 3: Withdraw Ideally money should not be withdrawn from a pension plan during the years that it is being contributed to (aside from under certain circumstances) as the overall aim is for… Continue reading Introduction to Pensions – Part 4
Introduction to Pensions – Part 3
Although Pensions are covered in the ‘Savings’ category of the blog, Investing plays a significant part in their success. The act of Saving is putting money aside for a purpose which for Pensions is to fund retirement. Investing speaks to what you do with the funds to achieve growth and income. Welcome to part 3… Continue reading Introduction to Pensions – Part 3
Introduction to Pensions – Part 2
Welcome to Part 2 of Introduction to Pensions. This post focuses on Step 1 of the Idio’s ‘3 steps to how Pensions work’ . Step 1 is Contribute. Step 1: Contribute Contributions into a pension are made by the Contributor and their Employer (if employed) on a monthly or periodic basis. Employers are required to… Continue reading Introduction to Pensions – Part 2
Introduction to pensions – Part 1
Like most employees, I was first introduced to what a pension is when I first started working and I was provided with one as a benefit of employment. I didn’t have to choose to opt in to one at all as it was, and still is, mandatory for employers to provide it to their employers.… Continue reading Introduction to pensions – Part 1
CBN vs. The Fintechs
On the 17th August 2021, CBN took action against 4 extremely popular Fintech companies by freezing the accounts they hold with a number of commercial and microfinance banks. CBN seems to be continuing in its ‘war’ against Fintechs and laying the blame for the terrible state of the Naira on them. This post considers whether… Continue reading CBN vs. The Fintechs
Savings Options – December 2019
This is a short summary of savings options in Nigeria in the month of December 2019. Please note that these are savings options as opposed to investments although some of the options are ‘investment like’. Generally savings options are:- Shorter term in nature (this is with the exception of a pension which is a long… Continue reading Savings Options – December 2019
An introduction to saving – part 3
This post is part 3 of the ‘Introduction to saving’ series and to recap:- Part 1 covered the idea of saving and made a case for its necessity in meeting your financial goals;- Part 2 explored the ‘How’ of saving and discussed how much to save as well as an approach to categorizing your savings;-… Continue reading An introduction to saving – part 3
An introduction to saving – part 2
Welcome to part 2 of the ‘Introduction to saving’ series. Part 1 covered the idea of saving and made a case for its necessity in meeting your financial goals. This post goes further and explores the ‘How’ and ‘Where’ of saving, specifically: 1. How much to save2. How to categorise your savings3. Where to save… Continue reading An introduction to saving – part 2
An introduction to saving – part 1
‘Saving’, as a consistent and regular practice, is a fundamental part of wealth creation so much so that if you are not able to save then it may be more difficult to achieve your financial goals. We all have varied goals when it comes to our finances – my primary personal financial goal is to… Continue reading An introduction to saving – part 1