₦airaland Forum

Fundall is a digital bank. We use behavioral economics and artificial intelligence to help you manage and build wealth, make sound financial decisions. We learn about you, predict what you can afford to save & spend, bank for you, and recommend ways you can efficiently manage your money based on your lifestyle.

We give you high-interest rates on your savings, lower transfer charges when you transfer money on the Fundall Mobile or Web app. We are borderless. We provide intelligent features such as budgeting and spending tracker, lifestyle card that helps you spend wisely as it is tied to your budget, [url=fundall.io]Automated Savings & Investments[/url] tied to your spending, Portfolio Line Of Credit when you need money, and your funds are locked in a savings plan, Save As You Spend. Whenever you make an expense using the Chest and Fundall Lifestyle card we categorize the expense and it automatically syncs with your budgeting plan.

One of the advantages Fundall has over traditional banks is higher interest rates on your savings.

We help you save on transaction fees. You can access your accounts any time, anywhere.

We give you high-interest rates on your savings, lower transfer charges when you transfer money on the Fundall Mobile or Web App.

We are borderless.

We provide more intelligent features such as[url=fundall.io ] budgeting and spending tracker, lifestyle card[/url] that helps you spend wisely as it is tied to your budget.

Automated Savings & Investments tied to your spending.

Portfolio Line Of Credit when you need money and your funds are locked in a Savings Plan.

Save As You Spend.

Whenever you make an expense using the Chest and Fundall Lifestyle Card, we categorize the expense and it automatically syncs with your budgeting plan.

Learn more about fundall at [url=fundall.io]fundall.io[/url]

There was a GrowWithFundall session on Telegram on Friday, 1 May 2020, Benjamin Ahia, [url=fundall.io]Fundall's [/url]Growth lead talked about how people can move their offline businesses online. It was an enlightening class as everyone learnt some tactics they can use to transition their offline businesses online,

Here are some of the things we learnt:
Offline business: Business that is run in a physical location.
Online business: Business that is run in a digital location.
Therefore moving your offline business online means running your business in a digital location.
Example of offline businesses: Food Vendor selling in a shop, Fashion designer selling and making clothes in a shop, etc
Example of online businesses: Food vendor selling on Instagram, Ofood, Jumia Food, WhatsApp, People that sell things on Jumia.
Some of the advantages of moving your business online
Feasibility to operate from anywhere.
Lower Cost of Operating as compared to brick & mortar store.
Scalable and Easy to reach a wider audience.
Easy to track the performance.
— — — — — — —

1. Understand the various available online channels
Social media (Facebook, Twitter, Instagram, WhatsApp, TikTok, etc), eCommerce websites, Blogs, Forums
2. Understand how your customers spend their time on these various online channels. ( How long do they spend there, what time of the day are they there, What kind of content do they consume there)
3. Audit your current brand (Take a step back and think about your brand as a whole.
Do you have products that are regularly selling out? If you offer services, is there one that is always requested or that gets the most leads?)

4. Define the customer you want when you take your business online
At this point, you should have a clear idea of the kind of customer your offline business attracts. Now, your focus should be on finding out who you want to reach online. Is it the same type of customer?
5. Develop a buyer persona.
A buyer persona is a semi-fictional representation of your ideal customer based on market research and real data from your current customers. Your buyer persona should include name, demographics, motivations, personality, behavior patterns, and goals. The more details you include, the better.
6. Map out a plan to reach out to your customers whey they are with your brand message.
We used the case study of a food vendor
Food Vendor that sells in a store in Yaba.
First, he understands all the various available channels available for him to sell his food. He thinks of Instagram, Twitter, Facebook, Whatsapp, Jumia Food, O food, etc
Next, he studies how his customers spend their time on the channels. They are usually on social media a lot of the time. Some of them usually buy food from Jumia Food and Ofood.
Next, he audits his current brand, people love his Yamarita a lot, people also love all the food he sells. His shop is usually filled up especially in the mornings. Most of his customers are young people.
Next, he defines the type of customer that he wants online, he decides to target young people in Lagos since he can only do his delivery to people in Lagos.
Next, he develops a buyer persona:
Amaka
Lives on the mainland
Very active on social media
Visits websites about lifestyle regularly
Loves my food because I sell delicious delicacies
Maps out a plan to reach his customers where they are
He plans to use social media and food listing websites at first to get customers, after which he will open a website where people can order directly from him.
He opens an Instagram business account for his store and uploads images of his food so that people can see the food, price, description, etc and make orders directly from Instagram. For Instagram, he snaps really good pictures. He not only posts, but he also uses relevant hashtags and promotes his posts on Instagram so that he can reach a wider audience.
He opens a Facebook page for his store, uploads his products on the Facebook page, based on the persona he developed, he runs ads on Facebook to get people to order from him.
He converts his WhatsApp to business WhatsApp so that he can set up things like an automated reply, customer follow up, etc.
He opens a Google My Business profile so that when people search for food sellers on Google, his store can show up.
He opens an account on Ofood and uploads his food so that people can order from there.
He opens an account on Jumia Food and uploads his food so that people can order from there.

You can join our telegram group to learn more via /GWFundallTel

About Fundall: Fundall is a digital bank. We use behavioral economics and artificial intelligence to help you manage and build wealth, make sound financial decisions. We learn about you, predict what you can afford to [url=fundall.io]save & spend[/url], bank for you, and recommend ways you can efficiently manage your money based on your lifestyle.

There is a worrying trend about the rising number of Nigerians especially among young entrepreneurs that are classified as bankrupt or broke.
It may interest you to know that most of these people are earning income in form of transfer payments such as pocket monies, gifts, direct/ indirect labour income regardless of how little this amount might be. 
The basic reason for this trend can be easily linked to impulse buying (buying what you don't need) which is often caused by peer pressures, celebrity influence and the bandwagon effect. 

These social trends have made many entrepreneurs bite more than they can chew and has resulted in many of them suffering financial depressions and setbacks.

However, creating a budget as a millennial can help you meet personal goals such as studying abroad, writing professional exams, vacations and even remain better prepared for emergencies, stay out of debt, keep accurate and up-to-date records of your finances, prepare to begin thinking about longer-term financial planning and above all pool much more money in savings and investment towards achieving financial freedom.

Here are some recommended Budgeting Categories & Percentages:
[url=fundall.io]Saving/Investing[/url] - 5–10%
Housing - 20–30%
Utilities (bills, electricity, Internet/Data Subscription etc.)- 4–7%
Food - 15–20%
Transportation - 6–20%
Clothing - 2–4%
Medical/Health - 2–8%
Miscellaneous - 2–5%
Vacation - 2–5%
Emergency Funds - 15–20%
As the foundation is to a good house structure so is a budget to effective financial planning.
Getting yourself a personal budget can help you in managing structure to your spending habits. It is a way of organizing your use of money by thinking in terms of spending categories and setting priorities. A budget helps you establish boundaries and helps you recognise spending limits before you exceed them.
Just as a blueprint guides the building of a house, a personal budget acts as a guidance system to steer you away from costly impulses and money-burning behaviours.
Another way is to avoid impulse buying: Just because something is on sale, doesn't mean it's a good buy. And coupons sometimes aren't worth it. Once you're thinking about buying an item, ask three questions:
* Will you survive without it?
* Are other things more important?
* Will making this purchase set you back financially?

Dear entrepreneurs, learning discipline with your [url=fundall.io]business funds[/url] is not always easy, but it is necessary if you want to sustain that business. The way you handle your business funds determines the future of your business.

Here are some tips to help you with managing your business funds:

Track your income: It's important to know how much you make. You can track your income, monthly, weekly, or even daily so you can better understand how much money you're bringing in.

Separate your personal funds from your business funds: As soon as your business starts making money, you need to separate your finances. It will help you to organize things better so you don't end up mixing up the money together.

Consider the future of the business: If you are sure you want the business to be for the long term, then you need to ensure that you take proper control of it. Project where you want the business to be in 5 years, it will help you narrow down how to plan the finances of the business.

Track and audit your expenses: If you're going to track your income, you need to track your expenses as well. Entrepreneurs have important expenses that must be paid in order to keep the business running. You need to take accounts of all you spend in running the business.

Introduction
Time-value of money is at its very core, the concept of showcasing that money at present is worth more than the same amount at a future time because of its potential earning capacity as well as the fact that more often than not, inflation is a common factor that continuously shaves the value of money over time.

Wealth Creation
As mentioned earlier, money of a certain amount in the present is more valuable than that same amount at a future time and a huge reason why that is is its potential earning capacity.

The aim is to take advantage of the avenues available I.e The money market, mutual funds, stocks, bonds etc to ensure a steady rise of your finances over a while. The returns of investments must exceed the inflation rate of the economy in which you operate. This ensures that your net worth moves in an upward trajectory while preventing a loss in value of your funds.

Assets and Liabilities
Firstly, I believe we should clearly state the meaning of these terms.

Assets: Anything that provides you with future financial/economic benefit.

Liabilities: Anything that provides you with future financial/economic obligations i.e demand your financial resources.

It is impossible to do without either of these things and they are both important in their rights as they provide value in one form or the other. However, it is important to note is: Nothing is fixed in a box I.e Nothing is by default an asset or a liability.

Things become assets or liabilities based on their purpose. For example, say I bought a car for my personal use. Ordinarily speaking, It's something whose value will end up depreciating over time, It would cost me money to maintain as well as fuel and service. In this instance, I have an obligation as a result of the car and therefore, it is a liability.

In another example, let say I bought the car to use as a taxi on one of the ride-sharing platforms available. It would then become a source of income for me as I would be earning money off the trips taken by the car. Now under normal circumstances, the amount brought in by the car via these trips would supersede the amount it would cost me to maintain said car, thereby making it an asset in this instance.

The aim is to always have more assets than liabilities. Let more come in than go in. This is the most basic way of ensuring than your finances rise over time.

Retirement
With regards to retirement, the aim is always to have enough after retirement to sustain oneself. Therefore, there is something to consider:
"Knowing that the value of money will most likely drop as a result of inflation over time, how do we put enough "value" away so that at that time in the future, there would be enough to live life after retirement without a drop in the standard of living".
In comes the formula: FV = PV x [ 1 + (i / n) ] (n x t)
where FV = Future value
PV = Present value
I = Interest rate
n = Number of compounding times per year
t = number of years

With this formula, we can determine the future value of our present value I.e what it will be in addition to its potential earnings provided we have the necessary pieces of information such as the interest rate, number of years etc.
Using this same formula, we can also determine the value of an amount of money at a future time for today's value system and it is with this information that we can then determine how much needs to be put away and invested to achieve financial liberation by the specified retirement age.
Insurance
I want to start this by saying, that we all want to have the finer things in life; we all want to build houses and have cars and all of that, but there is no point having these things if we cannot guarantee their safety. I mean, it would be very said if you acquired something only to have it stolen from you, right?

In comes insurance.
While investing, the security of your investments should be of the utmost importance to you. There will be investment opportunities where some risk will be incurred, but if the risk does not have to be incurred then it should not be.
While attempting to play the markets, it is important to ensure that those markets are guaranteed by trustworthy bodies, when acquiring physical assets or maybe even businesses, it is important to get them insured.
Though assets will see your finances rise over time, insurance is what safeguards you from unforeseen circumstances.

Would you like to learn more about finances, sign up on [url=fundall.io]fundall.io[/url] and get access to tailored advice and ways to [url=fundall.io]invest your money[/url] in Nigeria

TL:DR: Monitor all your expenses and tighten your budget where possible, Polish your skills, starting a side hustle to bring in extra income.

In an unstable economy, it can seem difficult to manage your salary. There are possibilities of pay cut or other financial hurdles that can cause budgetary constraints. However, it is still possible to manage your money wisely by maintaining a budget, paying your debts and [url=fundall.io]saving some money[/url].
A basic budget is your income (what you bring in every month) minus expenses (fixed and variable) equals net income (the leftover money from your income).

Monitoring how you spend your money and separating your discretionary expenses from your needs is crucial to surviving and even thriving during an unstable economy. When you separate your needs from your wants, it becomes easier to eliminate your wants and save some money on non-essential things, like those streaming subscriptions. You can even consider [url=fundall.io]investing the money[/url] saved

With Fundall spending tracker, you are able to monitor your expenses, see what you are spending on and budget effectively. If anything is preventing you from pursuing financial freedom, or worse - putting you in debt, reevaluate in the short term until you can find a solution that works for your lifestyle, values, and budget. If you need to transfer money to your friends and family, you can use your Fundall account to transfer so you can save on transfer charges.

Polish your skills, keep your skills and knowledge up to speed by taking advantage of every on-the-job training opportunity. Learn a new skill, and apply for side hustles that can help bring in more income. Having multiple streams of income can really help.
If one income source starts to dwindle, you have other sources to fall back on to help keep you afloat. Diversifying your income doesn't necessarily entail getting a second job.

You can sign up on Fundall via [url=fundall.io]fundall.io[/url]

People often ask if they should save their earnings during a recession. This short guide hopes to answer that question. Saving should be cultivated as a habit. There's no better way to save than putting away a certain amount of your income every month. 

The popular 50/20/30 rule of budgeting suggests you allocate 20% of your monthly income for things like debt payments, retirement funds, and savings. If you're not in any debt as of now, saving 20% of your monthly income is a wise idea. However, even if you're in debt, you should save at least 10% of your earnings, as you need liquid cash in hand in case anything serious happens in the future.
Now more than ever, it's critical to have a healthy[url=fundall.io] emergency fund[/url] to fall back on if you lose your income. While ideally, you would already have a stash of savings set aside before an emergency pops up, there are ways you can save more even in the middle of an emergency.
First, you need to audit your expenses, categorize them into needs and wants. Needs are things you can't do without while wants are things you can do without. This is not the time to spend money on your wants. 

Save up the money you would have ordinarily spent on your wants. On the Fundall app, you should create your monthly budget and allocate funds to each category. After creating the budget, you would need to track how you are spending the money, this can also be done with Fundall spending tracker. Save money on Transfer fees by using the Fundall to transfer money. At this time, you should use your Fundall lifestyle card for your purchases so that you can get discounts when you shop at partner stores.

In the event where an emergency occurs and you have a locked savings plan, you can access Fundall's portfolio line of credit so that you can borrow against your locked savings plan. Situations might also arise where your savings is not enough for your goal, in this case, you can use Save to Borrow feature on Fundall to be able to access a collateral-free loan.
Nothing should stop you from saving.

You can access your fundall account via the Fundall app on Google Play Store or visit [url=fundall.io]fundall.io[/url] to get started

Saving money is the financial equivalent of working out for many of us.
Common sense tells us it will be beneficial in the long run, yet our brains can too easily self sabotage and talk us out of doing it in a matter of seconds. I’ll spend less next month. I work hard and should enjoy my money.
These are investment cashmere sweaters. Whether you want to save for retirement,[url=fundall.io] build an emergency fund[/url], put money aside for a new house or car, or pay for your next vacation, spending less money every month will help you reach your goals faster and set you up for a financially thriving future.

[url=fundall.io]Automate your savings and investments[/url] deposits
One thing you can do is make the decision to save and invest more once, set it up and automate it so that you wouldn't have to do it every month. You can use a platform like fundall to do that.

Make a commitment worth keeping
Be committed to spending less, you would have to create a budget for this. Most times when you create a budget, there might be no urge to follow it. You need to make yourself see that it is beneficial on the long run.

The coronavirus is affecting various economies in the World. Everybody is advised to stay and work from home. Businesses are closing down or having a reduction in their income, they are forced to reduce salaries (pay cuts) or even lay off staff. As the uncertainty grows, it is very important that you manage your finances effectively as cash is king!

The first step is to [url=fundall.io]create a budget to limit[/url], track your spendings and ensure your survival through uncertainty. You should not bow to all the pressures or go full panic mode, panic buying makes you spend above budget and might be a loss. Stay steady and calm, ensure that you think through what is really essential to you before you stock up.

Ensure that you set your income to at least 50% of your normal income to envisage for any break in income such as pay cut, job loss. This will enable you to spend less and also save more in an accessible account such as the Fundall Chest in case there is an emergency or the crisis (pandemics) persists for too long.

If you don’t have an emergency fund already, it’s time to set aside whatever cash you can.

What should you do during this period to manage your finances well in this period?

Take stock of cash and potential credit sources. It’s not advisable to get credit right now but it’s good to know potential credit sources in the event that getting credit is inevitable during this period. You need to know all your possible sources of income — Your job, side hustles, gifts, etc. For people who are owing you money, now is the time to remind them to pay your debts. You can use the Fundall request money feature to do this. With the request money feature, you can automatically send them reminders to pay you.

Next, scrutinize your spending and cut where you can. Things you can do without, avoid them. Subscriptions that are not necessary, discontinue them. Cancel unnecessary trips during this period. If you need to [url=fundall.io]transfer money to your friends and family[/url], you can use your Fundall account to transfer so you can save on transfer charges. You can also move some of the budget items you do not need to other essential items so as to have to move then save more for a longer period. Only stock up foods that will last long

Depending on your circumstances, you can reduce the amount you put in your retirement goals and some of your savings plan. Redirect the money to your Fundall Chest account. The idea is for you not to stop your retirement or savings plan, rather you divert the money to your Fundall chest account so that you can always have access to the money when a need arises.

Above all, get a side hustle, try to learn new skills, apply for more remote jobs such as customer services, etc. during this period to increase your income and stay ahead of the gap. Remember, cash is king!

In the event that you need credit from your Savings goal during this period, you can access [url=fundall.io]Fundall portfolio line of credit[/url]. This means you can essentially borrow against your locked funds.

Access your personal fundall dashboard here: dashboard.fundall.io

Dear entrepreneurs, It is not enough to [url=fundall.io]invest your money[/url], learning discipline with your business funds is not always easy, but it is necessary if you want to sustain that business. The way you handle your business funds determines the future of your business.

Here are some tips to help you with managing your business funds:
Track your income: It's important to know how much you make. You can track your income, monthly, weekly, or even daily so you can better understand how much money you're bringing in.

Separate your personal funds from your business funds: As soon as your business starts making money, you need to separate your finances. It will help you to organize things better so you don't end up mixing up the money together.

Consider the future of the business: If you are sure you want the business to be for the long term, then you need to ensure that you take proper control of it. Project where you want the business to be in 5 years, it will help you narrow down how to plan the finances of the business.

Track and audit your expenses: If you're going to track your income, you need to track your expenses as well. Entrepreneurs have important expenses that must be paid in order to keep the business running. You need to take accounts of all you spend in running the business.

Do you need help with managing and planning your business as an entrepreneur? [url=fundall.io]Fundall [/url]is your one-time manager!

A brief of the #GrowWithFundall session with Samuel Akinlotan, speaking on how individuals can learn to thrive rather than survive in challenging environments.

1. In order to thrive, one must cultivate a trusting spirit. This means developing the faith that life will be supportive and provide the experiences we need to help us navigate whatever comes our way.

2. Develop true humility, the kind of humility in which there is confidence in our abilities without becoming self-inflated. True humility grows as we develop patience and build capacity to be present with whatever is happening around us.

3. The ability to thrive is also predicated on the ability to be inner-directed. It requires that one find the courage to break the cultural trance that shows the need to have acquired more, be smarter, work harder, be more conniving and more resourceful than the next person.
Comparing oneself to others can cause a diminished feeling, unworthy feeling, or insecure - or, conversely, feeling better than others. These judgments separate a growing individual from being the best and keep people apart from one another.

4. Another key to thriving is taking responsibility for everything. In order to learn how to thrive, one must be active, one must take responsibility for any conditions, whatever he/she is, and make a commitment to change them to have a better situation.

5. Cultivating the mindset of a person who knows how to thrive requires a deep sense of commitment to a continued development, this is a dedication to lifelong learning. It is not a straight-line path, but a journey that requires consistent, deliberate and conscious learning.

A mind that is always seeking wisdom is deepened by the openness to try new things, to take more risks, and to question any assumptions. To thrive means saying "yes" to life and new experiences.

To stay updated for the next #GrowWithFundall session, join the community using the link below now.
Fundall as a financial partner for everyone aims at growing and building its members with top masterclasses, lectures and talks with very best professionals in the industry. Visit https://[url=fundall.io]fundall.io[/url] to sign up now

Investing is a great way to increase your money. We all know that it is beneficial to invest. However, the question on people’s minds is that should they [url=fundall.io]invest their money in Nigeria[/url]. Investing in Nigeria is a great thing but before investing, you need to do your research. Whatever you are investing in has to give value, have a good return on investment and be managed properly.

There are so many ways you can invest in Nigeria. You do not need so much money to start investing. There are [url=fundall.io]online investing platforms[/url] like Fundall that can help you get started with investing from as low as 100 naira. You get up to 10% annual interest on your investment. You can learn more about it at [url=fundall.io]fundall.io[/url]

TL:DR: Monitor all your expenses and tighten your budget where possible, Polish your skills, starting a side hustle to bring in extra income.
In an unstable economy, it can seem difficult to manage your salary. There are possibilities of pay cut or other financial hurdles that can cause budgetary constraints. However, it is still possible to manage your money wisely by maintaining a budget, paying your debts and saving some money.

A basic budget is your income (what you bring in every month) minus expenses (fixed and variable) equals net income (the leftover money from your income). Monitoring how you spend your money and separating your discretionary expenses from your needs is crucial to surviving and even thriving during an unstable economy. When you separate your needs from your wants, it becomes easier to eliminate your wants and save some money on non-essential things, like those streaming subscriptions.

With Fundall spending tracker, you are able to monitor your expenses, see what you are spending on and budget effectively. If anything is preventing you from pursuing financial freedom, or worse - putting you in debt, reevaluate in the short term until you can find a solution that works for your lifestyle, values, and budget. If you need to transfer money to your friends and family, you can use your Fundall account to transfer so you can save on transfer charges.

Polish your skills, keep your skills and knowledge up to speed by taking advantage of every on-the-job training opportunity. Learn a new skill, and apply for side hustles that can help bring in more income. Having multiple streams of income can really help.
If one income source starts to dwindle, you have other sources to fall back on to help keep you afloat. Diversifying your income doesn't necessarily entail getting a second job.
Access your Fundall dashboard via app.fundall.io

Hello,

I can see that you are interested in managing your finances properly. You should check out Fundall also.

The Fundall app learns about you, predict what you can afford to [url=fundall.io]save & spend[/url], bank for you and recommend ways you can efficiently manage your money based on your lifestyle. They have a spending tracker, budget tool.

You can learn more about Fundall at fundall.io

You can download the app via https://play.google.com/store/apps/details?id=com.fundall.io

They have a lot of positive reviews.

The coronavirus is affecting various economies in the World. Everybody is advised to stay and work from home. Businesses are closing down or having a reduction in their income, they are forced to reduce salaries (pay cuts) or even lay off staff. As the uncertainty grows, it is very important that you manage your finances effectively as cash is king!

The first step is to [url=fundall.io]create a budget to limit[/url], track your spendings and ensure your survival through uncertainty. You should not bow to all the pressures or go full panic mode, panic buying makes you spend above budget and might be a loss. Stay steady and calm, ensure that you think through what is really essential to you before you stock up.

Ensure that you set your income to at least 50% of your normal income to envisage for any break in income such as pay cut, job loss. This will enable you to spend less and also save more in an accessible account such as the Fundall Chest in case there is an emergency or the crisis (pandemics) persists for too long.

If you don’t have an emergency fund already, it’s time to set aside whatever cash you can.

What should you do during this period to manage your finances well in this period?

Take stock of cash and potential credit sources. It’s not advisable to get credit right now but it’s good to know potential credit sources in the event that getting credit is inevitable during this period. You need to know all your possible sources of income — Your job, side hustles, gifts, etc. For people who are owing you money, now is the time to remind them to pay your debts. You can use the Fundall request money feature to do this. With the request money feature, you can automatically send them reminders to pay you.

Next, scrutinize your spending and cut where you can. Things you can do without, avoid them. Subscriptions that are not necessary, discontinue them. Cancel unnecessary trips during this period. If you need to [url=fundall.io]transfer money to your friends and family[/url], you can use your Fundall account to transfer so you can save on transfer charges. You can also move some of the budget items you do not need to other essential items so as to have to move then save more for a longer period. Only stock up foods that will last long

Depending on your circumstances, you can reduce the amount you put in your retirement goals and some of your savings plan. Redirect the money to your Fundall Chest account. The idea is for you not to stop your retirement or savings plan, rather you divert the money to your Fundall chest account so that you can always have access to the money when a need arises.

Above all, get a side hustle, try to learn new skills, apply for more remote jobs such as customer services, etc. during this period to increase your income and stay ahead of the gap. Remember, cash is king!

In the event that you need credit from your Savings goal during this period, you can access [url=fundall.io]Fundall portfolio line of credit[/url]. This means you can essentially borrow against your locked funds.

Access your personal fundall dashboard here: dashboard.fundall.io

Make a budget and start saving

After receiving salary, the first thing to come to mind is making expenses plans for the month, which includes the allocation for transportation to work, allocation for food, allocation for emergencies, and allocation for health issues. After sorting out the expenditures for the month, set to save the rest of the money for future purposes.


Build a timeline for your financial goals
Say you’ve started saving already but always ask yourself, with this rate of my savings will I be able to buy a house in 10 years. So, when saving always plan with an actionable timeline, detailing if it is a long term or a short term goal. This way you can plan accordingly and know the amount needed to be saved to meet each goal.


Always have a fixed deposit
The biggest mistake young salary earners make is not knowing where and what to invest in, but the best way to invest is having a fixed or automatic deposit on an account to fund another saving account, such as Fundall. You can set an automatic deposit from your bank account to your Fundall savings plan.

[url=fundall.io]Invest your savings[/url]
With the ways Nigerian bank accounts are setup, instead of earning more interest on your savings account, you will find out your funds are sucked away with ridiculous bank charges such as: maintenance fees; ATM fees; SMS fees; taxes etc. Many have active savings account but have no returns on it. Fundall provides you zero Nigerian banking “wahala”. Members that are actively saving are set to make up to 15% interest annually, this way you aren’t only saving your money but also making more in return.

Avoid debt traps
Young earners are vulnerable to debt trap due to the “keeping with trends” excuses. Ways to avoid these are simple:
Always follow your spending quota
Don’t take unnecessary loans
And stay away from bad influences
Say no to unnecessary subscriptions such as Netflix, music streaming services etc.


Don’t go too hard on yourself
It is your money and you worked for it, even if you won’t spend lavishly it is always a good thing to pamper oneself with some good treats. The salary serves as a reward for working hard and rewarding oneself isn’t a bad thing.
In conclusion, as a salary earner the key to saving successfully is knowing what you are saving for, where your are saving your money and what your savings will yield too in the nearest time goal. To start achieving your goals begin by signing up on [url=fundall.io]Fundall[/url] now!

When you are travelling, you should take into account the costs associated with planned activities.
Since dining out is often considered a big part of the travel experience, understanding how much restaurants cost by region can help you to choose your destinations more wisely — especially if you’re a serious foodie with a desire to try it all. This will help you know how much to [url=fundall.io]budget and save or even invest for travel[/url].

Globally, Switzerland is the most expensive place to eat out, with prices 77.5% higher than in the U.S. Iceland is the second most expensive, with prices 61.3% more expensive than in the U.S., and Norway is third most expensive, where restaurant meals are 60.9% pricier.

This study also determined which countries have the lowest restaurant prices when compared to the U.S.:

Tunisia: Dining out costs 80.8% less
Pakistan: 77.8% less
Algeria: 76.4% less
India: 75.3% less
Sri Lanka: 75% less
Additionally, nations with restaurant prices similar to those in the U.S. are:

Austria: 1.1% more
Australia: 2% more
New Zealand: .8% less
Malta: 3% less

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So many Nigerian want to be financially independent. However, it is a struggle for many, especially for millennial. It’s not actually impossible if you gain the right knowledge and commit to making smart money decisions like [url=fundall.io]saving and investing your money[/url], avoiding bad debts, increasing your financial knowledge.

Many millennial fall into the trap of waiting around for the “right time” to start saving. The “right time” is always as soon as possible. If you haven’t started saving, it’s time to identify your bad financial habits and fix them immediately.

Here are the 3 biggest money mistakes that young people make:

1. Not having a rainy day fund and an emergency fund
If you ask young people what their biggest goals are, buying an expensive car, living the life is usually what they will tell you. But building a rainy day fund and emergency fund? Nope.

First, it’s important to understand that these are two entirely different things. An emergency fund is your safety net in case you run into financial emergencies such as a job loss, illness or injury. A rainy day fund is intended for smaller, more predictable expenses.

Typically, an emergency fund should provide at least three month cushion of living expenses. To calculate how much you need for your rainy day fund, estimate your potential future expenses such as utilities, groceries.

2 Spending at the rate of their earnings
As a young person, living in the moment sounds better than planning for the future. But you’ll never reach financial freedom if you keep increasing your spending as your earnings go up.

That means: Don’t upgrade to a bigger apartment just because you got an increase in salary. Don’t plan for an expensive vacation just because you got a bonus. Rather, focus on the bigger picture and save that money or use it to pay off any existing debt.

With just some minor belt-tightening, you can grow your money and spend it on more important goals such as buying a house, early retirement, protecting your family.

3. Not saving for retirement
Waiting to long to begin saving for retirement is a huge mistake you should not do.
The general rule is to put at least 15% of your pre-tax income each year into a retirement account.
One common excuse from millennials is: “But I don’t make that much money.” If that’s the case, work on restructuring your lifestyle so you can live on less than you make. Even setting aside just N5000 a month can make a difference.

Wondering how you can save for rainy day funds, emegency funds, get financial advice tailored to you retirement or save for retirement you should signup at [url=fundall.io]Fundall[/url] via [url=dashboard.fundall.io]dashboard.fundall.io[/url].
Fundall is a digital platform that uses behavioural economics and artificial intelligence to help people manage and grow their wealth.

[url=fundall.io]Investing in Nigeria[/url] is not as difficult as people think it is. There are so many investment opportunities in Nigeria. However, one has to be careful when considering investment options in Nigeria so that one will not be scammed.

Wondering why you should sign up on Fundall if you want to invest in Nigeria? let me get to it, [url=fundall.io]Fundall[/url] is a digital platform that uses behavioural economics and artificial intelligence to help people manage and grow their wealth. On the Fundall platform, you get access to smart savings, loans, a Lifestyle card, you get a personalized financial guide based on your profile you also get access to several other premium financial services. Feel free to sign up on fundall via: [url=dashboard.fundall.io]dashboard.fundall.io[/url].
The idea of investing is exciting to most people. They want to dig in, and start making some money. Unfortunately, many new investors often make huge mistakes when they start out. Instead of having a healthy amount of money saved for a rainy day, new investors often take whatever excess cash they have and immediately place it all in whatever investment they wish to make. If an emergency occurs, they would not be able to cater for the emergency.

Before making any huge investment, make sure you have enough savings. You might now ask yourself - how much money should I have in my emergency fund before taking this big investment. It depends on a number of factors: Your current monthly spend, your estimated future spend, your chances of getting income etc. People are generally advised to have at least 4 months spend in their emergency savings.

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The average young nigerian is tired of saving money in the bank. One of the many reasons is that the money reduces in value after a while as you would have to pay different charges. To solve this, a number of digital platforms have launched to help young people save effectively. Fundall is one that I can boldly say is the[url=fundall.io] best savings app/platform in Nigeria[/url].

Here are some of the reasons I say that fundall is the best.
1- You get up to 15% annual interest on your savings
2- You dont have to think about savings because it is automated You set it once and you keep saving automatically
3- You can even save automatically every time you spend money with the Fundall lifestyle card
4- You dont get to pay unnecessary charges
5- In the event that your savings is not sufficient, you can borrow money on Fundall
6- Asides [url=fundall.io/save]savings and investing[/url] your money, you can also budget, set financial profile and get financial tips on fundall.

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SOMETIMES YOU LOVE someone so much that you don’t even have the words to express it. This has happened to several people.

When words fail, use emoji. Here are a few Valentine’s Day emojis you can copy and paste and send to that special someone �


To copy them, check https://twitter.com/get_fundall/status/1227524249428152320?s=20

Here are 3 thoughtful things to do for Bae:

1. Get a gift as classy as your partner
There’s something we do subconsciously when buying gifts; we try to buy something that matches our admiration and respect for the person receiving the gift. And that is what you should do this valentine. Get your partner something that can be likened to their class. You know them and what they would like?

2. Show that special person some love by sending some money to their [url=fundall.io]Fundall Chest[/url] or gifting them a savings plan.
You can send money to their Fundall Chest or gift them a savings plan on Fundall. One of the reasons for this is that Fundall is a good financial partner for people. Sending money to their Fundall chest opens them to discount from various stores and supermarket in Nigeria. If you gift them a [url=fundall.io]savings plan[/url], the money you send to them will get up to 15% annual interest.


3. Request money from Bae and all your crushes via Fundall social request. Don't dull yourself.
Its not every time you have to give, some times ask also. If your Bae can give you something, they should. How much do you want Bae to send to you this valentine ? ₦10 or ₦10 million!. Generate your “Valentine money” request link on Fundall today via Fundall social request and start receiving money from all crushes. No go de dull yourself.

To send money, create savings plan and start receiving money from your friends on Fundall, you can sign up via [url=dashboard.fundall.io]dashboard.fundall.io[/url]

I have said my 2 cent.....

It is the season of Love����

Do you have plans in place for valentine Where are you taking Bae to on Valentine day

Here are 3 thoughtful things to do for Bae:

1. Get a gift as classy as your partner
There’s something we do subconsciously when buying gifts; we try to buy something that matches our admiration and respect for the person receiving the gift. And that is what you should do this valentine. Get your partner something that can be likened to their class. You know them and what they would like?

2. Show that special person some love by sending some money to their Fundall Chest or gifting them a savings plan.
You can send money to their Fundall Chest or gift them a savings plan on Fundall. One of the reasons for this is that Fundall is a good financial partner for people. Sending money to their Fundall chest opens them to discount from various stores and supermarket in Nigeria. If you gift them a [url=fundall.io]savings plan[/url], the money you send to them will get up to 15% annual interest.


3. Request money from Bae and all your crushes via Fundall social request. Don't dull yourself.
Its not every time you have to give, some times ask also. If your Bae can give you something, they should. How much do you want Bae to send to you this valentine ? ₦10 or ₦10 million!�. Generate your “Valentine money” request link on Fundall today via Fundall social request and start receiving money from all crushes. No go de dull yourself.

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I have said my 2 cent.....

Some people borrow money to buy their cars. Saving to buy a car minimizes the amount you have to borrow and saves you money on the interests you will pay when repaying the loan.

1. Find out how much the car cost
Choose a target amount to spend, then based on the target amount, compare a few makes and models to find out if it’s realistic. Once you zero in on the price range for a car you can afford.

2. Budget for car-related expenses
You can use the 50/30/20 budget, which allocates 50% of your monthly income to needs, 30% to wants and 20% to savings and debt repayment.
Deciding whether to factor vehicle savings into the “needs” or “wants” part of your budget can be tricky, but think of it this way: A used, base-model car and a brand-new one with upgraded features will both get you to work, but the latter is more of a “want.”

3. Limit unnecessary spending
As you save up for a major purchase like an automobile, spend money carefully elsewhere. Consider cutting down on “wants” spending temporarily and find ways to reduce your current expenses, such as entertainment and groceries. Redirect the money saved toward your new car fund.

5. Automate your savings
You can do this with minimal effort by setting up an automatic savings plan on a platform like[url=fundall.io] fundall.io[/url] . On the fundall platform, you can decide to [url=fundall.io]save your money daily, weekly or monthly[/url].
You can register and start using fundall at [url=dashboard.fundall.io]dashboard.fundall.io[/url]

7. Pick up a side hustle
To help close any savings gaps, think about finding ways to earn more money. A side job can accelerate your progress, but make sure it’s legitimate — and worth your time — before you commit.

We all know that house rent is usually a major headache for people in Nigeria especially people living in cities like Lagos, Abuja and Port-hacourt.
The amount for House rent of a room self contain in a place like Ikeja can be used to rent a 3 bedroom flat in a place like Ibadan.

The question now becomes what can you do to conveniently pay your rent without stress.

A common rule of thumb is for you not to spend more than 30% of your income on housing. If you are earning N120,000 monthly, it is advisable not to spend more than N360,000 on rent annually.

Now that we have established that you should not spend more than 30% on rent, let us move to how you can pay your rent conveniently.

The first option is to rent a place where you are allowed to pay for rent weekly or monthly. This is rare and in cases where it is allowed, it is usually for houses whose rents are on the high side. Most times, it is easy to pay little by little monthly as against paying a lump sum yearly.

The second option is to set aside and save money monthly towards your rent. Lets assume that you are earning N120,000 monthly and your rent is N300,000 per year. You can divide your annual rent by 10 and save the amount monthly. In this case, you save N30,000 monthly on your rent. This way, once your rent is due, you would have saved up the N300,000. The challenge is usually in having the discipline to [url=fundall.io]save some money monthly.[/url] Thankfully, with technology, you can now [url=fundall.io]save your rent money automatically monthly[/url]. With a platform like [url=Fundall.io]Fundall.io[/url], you create a savings plan for your rent and every month, it helps you automatically save for your rent. You can register for a fundall account via [url=dashboard.fundall.io]dashboard.fundall.io[/url]

Paying your rent should not be stressful.

How do you pay your rent without stress.

You are possibly wondering if it is possible to save N100,000 by the end of your NYSC service year. I am here to tell you that it is possible.

Lets get to it:
First, the habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.

Considering the fact that the NYSC allowance has been increased from N19,800 to over N33,000, there is no excuse not to save at least 10,000 monthly. If you save 10,000 every month, by the end of your service year, you would have up to N100,000
The extra money you save can always be tucked away in an emergency fund or retirement account to build and actually buy yourself a better future.

The problem is that the decision to start saving can be challenging . The best way is to get help from platforms like Fundall.io that are designed to help you make better decisions about your professional and personal finances. Savings platforms in Nigeria like that offers an automatic savings account, which allows you to start saving money without thinking about it by automatically saving an amount you decide daily, weekly or monthly. Another beautiful thing is that you can also save money on your purchases as you spend using the Fundall Lifestyle Card and have the difference transferred to your savings every time you use the Fundall Lifestyle Card.

Other tips on how you can save money during your NYSC are stated below:

Prepare you own meals. Instead of grabbing breakfast and lunch out, make them both at home. Eat breakfast before you leave for the day. Use leftovers from dinner or buy lunch ingredients and make one every day. If you’re not an early riser, prepare everything the night before. You’ll save time and money!

Go to the cinema during off-peak hours
Weekends and evenings might feel like the best times to watch a film, but you'll be paying more to do so. Cinemas hike their prices during these hours, and you'll save somewhere between 15–20% if you catch a movie before 5pm Monday–Thursday.

One of the reasons I personally like fundall is because I get to save without thinking.

Feel free to sign up via [url=dashboard.fundall.io]dashboard.fundall.io[/url]

You too can save much money during your NYSC.