Each time you think about habits, what comes to mind? A routine you've created and adopted, or a regular repetition of an action that significantly influences you? Well, according to research, habit is an activity that is mostly triggered by a goal. For a habit to become automatic notice, it means the initial goal already became less necessary over time.

A habit can either be positive or negative; for instance, pressing mobile phones during midnight while exposing your eyes to too much is a habit that negatively affects your health? How about a routine that encourages you to spend more than you earn? Compared to a pattern that makes you financially independent such as investing every month and taking notes of your expenses.

Habits are developed in different ways, and they have the power to either make or mar your financial life. If you're keen and passionate about achieving the financial goals you desire, there's a need for you to be aware of your bad money habits, be conscious of breaking them and adopting new ones. This article will help you to be mindful of your bad money habits and how you can break them.

Bad Money Habits You Need to Break
Living without a budget: By living without a budget, you spend much more than you earn. But you are unaware of this. Spare an hour to remember and pen down your expenses and savings for July to see the big difference between how much you earned and how much you spent. You'll be shocked to realise how negative this bad habit could affect your financial growth.

Impulsive Shopping: [/b]You have no idea of how much you are spending each time you shop without a second thought, and doing this is detrimental to your financial health. When you don't plan your shopping, you waste money by taking anything you feel you want from the counter, and reaching your goals will be difficult.

[b]Borrowing money: These days, your mailboxes are filled with different exciting and tempting loan offers from various institutions, and you do not see anything bad in taking loans for the things your income can't cover in a month or two. The truth is, borrowing money for the things you can't currently afford only puts you into debt, however, making you more unable to afford even basic necessities.

Trying to keep up with social standards: It's okay if everyone is flaunting their expensive gadgets, clothes and other possessions, but it's not okay if you are trying to keep up with them by living outside your capacity. Trying to keep up with celebrities and even friends is a bad habit that can cause you financial problems.

Having no emergency fund: Emergencies are not the moments you need an urgent 2k. Emergencies are those life and death situations that mostly catch you unawares. Having no emergency fund is how people who suddenly and unexpectedly lose their jobs subsequently lose their homes. It's how people who get stricken with a sudden health condition progress far worse, perhaps even permanently or mortally, because they didn't have the funds to care for it correctly and in time.

Hoarding money: Doing this without any plan to save or invest is a bad habit you need to break right now. Do you consider the risk involved in hoarding money? What if you lose access to your accounts, or your debit card that's directly linked to your account gets lost? Away from this, do you ever consider the changes in the money market and the incessant inflation and devaluation of currencies? Stop hoarding money. Preserve the value of your funds by saving or investing.

Break your bad habits and take charge of your finances with the following tips:
[center]Always work with a budget. Learn about the 50% - 30% - 20% budgeting rule.
Keep records of your daily, weekly, and monthly expenses to know what you are spending on.
Never sign up for loans you cannot afford to pay back.
Start an emergency fund.
Pay off all your debts.
Do research about diversification of investment portfolios.
Understand the saving and investment plans that work best for you.
Plan for the future by creating a savings plan.[/center]


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Look around you, and you'll find your friends living large and indulging every week, along with new devices, essential expenses, and vacations, whether they have a high or low salary. Even high-income earners will most likely go broke trying to keep up with this kind of lifestyle.

If you can't save a large amount of that high pay at the end of the month, you might not be able to attain the financial independence you desire. You might think that achieving financial freedom isn't possible, but we've got some hacks that would be of great help to you, guide you to never go broke and keep your cash flowing smoothly.

Here’s the hack:
Analyse your finances using SWOT analysis: This is the first hack. Understand your financial state and the possibilities of achieving your goals using SWOT.
S stands for Strengths
W stands for Weaknesses
O for Opportunities
T for Threats.

Take a look at the industry you work in, the connections that could promote your expertise and make you earn more. You should also examine your money weakness, your spending limits, and how you can improve.

Set financial goals: [/b]Precisely set realistic goals that can be achieved on a long-term or short-term basis. Think of what you need in the next 6 months to 3 years, map out the financial commitments to be done monthly, and see how your goals become achievable.

[b]Change your mindset: [/b]Don't underestimate what you can achieve. Do not belittle yourself. Always believe you can make the right financial decisions. You work towards this by learning more about financial independence and essential things to know about yourself, your money, and your goals.

[b]Work with a budget: Budgeting is the most effective tool for money management; still, most individuals are guilty of not using this tool because they fear not coping with whatever amount they'll have to allocate to their various basic needs and wants. The truth is, as a salary earner, your basic needs and wants can be managed and simplified by using a simple budgeting strategy known as the 50-30-20 strategy. Learn how it works.

Know what you are spending on: [/b]This isn’t the same as having a budget! Once you’ve created a working budget in percentages, record every detail of your expenses on a weekly and monthly basis. This helps you to understand how you spend, what you spend on, and the things not to spend on.

[b]Save for emergencies: You can never predict what will happen tomorrow, next one month or three months. An owned gadget could get spoiled, you could fall sick, you could run out of cash while an emergency happens. Don't be caught unawares; save for emergencies and enjoy the peace accompanied by this.

Earn more: You can start a side business that wouldn't interfere with your 9-5. You can ask for a raise at your workplace, get a side gig, or change jobs. Once you start earning more, you would definitely have more money to either save, invest, and even spend - but wisely.

[b]Live a stress-free life: [/b]This might seem impossible, especially for individuals in their twenties and thirties. But really, life shouldn’t be all about working and getting stressed. Try to take yourself out on dates, spend frugally, but make sure you enjoy each moment you take care of yourself.

Learning these hacks isn’t enough! Keep them at heart and work with them to see the changes you’ll achieve in the next couple of months, and years.

Visit https://fundall.io/blog for more updates on financial growth.

You might think this isn’t possible. But spare a moment to hear me out.

Do you realise you spend a lot buying lunch every working day of the week? We know it’s almost impossible to be productive without taking lunch at work, and We aren’t saying you should go on a hunger strike.

But did you know if you actually stop spending a lot on lunch, you would actually save $550 or more in a year? Away from buying lunch, there’s an alternative to spending heavily on lunch every day. You can always prepare your lunch in large quantities, while you have the leftovers for lunch tomorrow. Works? And if you think this idea doesn’t sound great and achievable to you, you can look for possible ways to reduce the amount you spend on lunch every day and every week.

Take, for instance, you spend about N1,000 on lunch every working day of the year, at the end of the year you’ll end up spending over N275,000. And that’s a lot of money you could have saved up in Dollars, the entire year.

Start saving your lunch money in Dollars by:
Downloading the Fundall app
Click on the grow icon on your dashboard
Select “Regular USD Savings”
Customize your plan based on your goal
Enter the amount of USD you want to save
Select preferred saving frequency
Decide savings duration
Confirm details and save in Dollars

For a start, save up your lunch money in Dollars for a minimum of 3 months, and see how much your savings would sum up..
Start saving in Dollars on Fundall via: http://onelink.to/fundallapp[i][/i]

Growing up was tough because my dad is very strict and relentless. He raised us to take after him, and this has helped me in life. As the firstborn, each time there was a holiday during my secondary school days, I usually worked as a kindergarten school teacher, with a monthly earning of N2,500. My earnings enabled me to save up for school needs, out of which I was also able to make payments for UTME (JAMB) fee. Writing UTME was a big deal to me, as the goal was to receive admission from a university of my choice. But unfortunately, I could not gain admission into the university.

As a result of this, I had a conversation with my parents about learning a trade while waiting to proceed to the next phase of my education. At first, they disagreed, but eventually agreed only on the condition; that I decide precisely what trade I was looking to learn. This was a relief, as I had already planned to learn how to repair gadgets.

I went on to learn how phones and other gadgets can be repaired, and after 7 months of learning, I gained independence from the apprenticeship. With this independence, I started working in a cybercafe where I was paid N7000 per month via a cheque. Earning some money at a young age was not the basis of my motivation, but gaining competence, and vast knowledge of everything I needed to learn became relatively important to me. So I made sure to learn a lot at the cybercafe.

After months of working at a cybercafe, I decided to challenge myself again by applying for UTME (JAMB), the second time. I was still unable to pass. I kept on trying, and every year, I missed the cutoff by a few points. I got tired of this and decided to register at LASPOTECH. My parents decided they will not finance my LASPOTECH ambition because they considered it an inferior school. Hence I decided I was going to fund my way through school.

This did not work as I had to stop in my second year because I could not bear the financial burden. I see myself as an independent person; thus, I do not often like to ask for help. So I quitted schooling and decided to return after I’m able to gather some funds.
I found some new jobs that earned me some money, of which I was able to sit for another UTME (JAMB) from the earnings I made. I passed this time, wrote the entrance exam to UNILAG and made the cutoff mark but was still not granted admission. Out of frustration, I went to the senate building to lodge complaints and inquire why I did not get admitted. The officials checked the records, found my name on the list but found it was ruled out because my subject combination was invalid for that course. I had written subjects that worked for economics and not psychology.

The only solution, according to them, was to do a change of institution.
I did the JAMB “change of institution”, and switched from UNILAG to the Federal University.............

Learn more about Quadri's story via: https://fundall.io/blog/hardwork-and-resilience-the-quadri-olatunji-s-story-6550[i][/i][b][/b]

There are two things you can do with Dollars!
You either SAVE or SPEND.

When you hear of spending in Dollars, you think of making payments online to purchase a service, a course, software and everything you need. Of course, spending in Dollars is not new. We all spend in Dollars.

But do we all save in Dollars? Huh! Ask yourself, do you save in Dollars? If your answer is yes, ask again; Do you save as much as you spend in Dollars? If your answer is no: Why don’t you save in Dollars?

Really, you don’t have to wait till you start earning in Dollars before you start saving. The truth is, you can save your Naira funds in Dollars and beat the incessant devaluation of the Naira.

Saving up your earned Naira funds in Dollars is also a way to create wealth and manage your finances in a currency that is highly valued in the foreign exchange market. Now, how do you get started?

To start saving in Dollars is easy! You really need to say ‘hi’ to the Fundall Dollar Savings feature on your Fundall account. Follow these few steps to say hi:
Sign into your Fundall account
Visit the “Grow’ section
Select ‘Regular USD Savings’
Customize your plan
Enter the amount of USD you want to save
Select preferred saving frequency
Decide savings duration
Confirm details and save in Dollars.

Hey! While you save up your Naira in Dollars, don’t forget to also do the usual - spend in Dollars with your Fundall Virtual Dollar Card to spend with ZERO limits.

Visit https://fundall.io/blog/a-guide-to-saving-and-spending-in-u-s-dollars-on-fundall-6981[i][/i] to learn more about SAVING & SPENDING IN DOLLARS.

Click here https://fundall.io/blog/a-guide-to-saving-and-spending-in-u-s-dollars-on-fundall-6981[i][/i]to see how you can grow your wealth with a Dollar Savings plan on Fundall.

One of the ways to create wealth and manage your finances is to save and invest in a currency that is highly valued in the foreign exchange market. Imagine stashing up your money in Naira, and having it saved in a foreign currency such as U.S Dollars, and then enjoy the benefit of your savings not depreciating in value over a period of time.

The U.S. Dollar unarguably is one of the most valuable and accepted currencies in the world. According to research, U.S Dollars is considered the most powerful currency because of the relative strength of the U.S. economy and is often used for day-to-day transactions.

While there has been a growing demand for spending and transacting in US Dollars for the sake of getting more value for money, there are lots of limits, hidden charges, risks and ridiculous increases in interest rates that make it complex to explore this method of hedging funds against devaluation.

Say Hi to Fundall Dollar Savings
Fundall Dollar Savings feature allows you to save and lock your money in Dollars against constant inflation and devaluation of Naira. Asides this, you can create multiple plans, set them in U.S Dollars, and earn up to 7% interest on each savings plan per annum. Interest rates are determined by market behaviour during your saving period.

Money saved in Dollars on Fundall are invested in A+ rated Eurobond funds managed by professional asset managers who ensure that the assets are efficiently invested. Your savings & investments are held by a Trustee regulated by the Securities and Exchange Commission, Nigeria (SEC) ensuring that funds are administered properly and invested in safe instruments on your behalf.

The journey to building wealth easily with Fundall.
Living in a place like Nigeria where most of its population live on little income, having an active personal savings is almost impossible because you will always find yourself constantly taking out of your savings, either for emergency reasons or personal wants. Fundall came up with a solution for everyone to set a personal goal and reach them easily.

Creating a personal savings plan
Creating a personal savings plan is an easy way to keep some money aside, away from your main spendings’ money. It helps you save your money in a way that fits in with your goal, and also be able to set a monthly automatic deposit from your bank account.

You can create multiple personal savings plans for different purposes, and add funds to each of them. You can use Personal savings to save towards anything goal maybe for an emergency, planning a holiday, or saving up to buy a car.
Just head to the savings tab on your Fundall web app or mobile app to create a new personal savings plan.

Earning interest while saving
You don’t have to save for emergency reasons only, you can also save to invest your money seeing that you can earn up to 15% interest annually. We invest your money in treasury bills investments, bonds investment issued by the FGN, demand or time deposits with commercial banks in Nigeria, investment in notes or instruments issued by Fund Managers approved by the SEC, and other securities, instruments, and assets as may be determined by the Company per this Deed.
Setting goals and reaching them
When you create a new personal savings plan, there is an option for you to set a goal for your plan. If you’re saving up for a specific reason, you can always set the target amount.

Locked out of funds
It is only normal as a human to find yourself dipping into your savings when you shouldn’t, with Fundall after creating a savings plan you get locked out of your funds for 3 months.
You can start making goals and reaching them by following the steps below:

1. Download the Fundall mobile app on Google Playstore/visit fundall.io on your web browser;
2. Sign up on fundall.io;
3. Complete the quick profile survey;
4. Verify your mobile number and email address;
5. Go to the savings tab and create a personal savings plan;
6. Set a custom name for your new saving plans;
7. Set your target amount;
8. Link your card/bank account;

Start saving more, it is Fun!


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