₦airaland Forum

MufasaLion:
Early 30s still in school? . I graduated in my early 20s

yazga:
Do not curse your contry

yazga:

Pavore9:
She and her family need to observe when he is in a good mood and go humbly beg him to consider releasing the car!

grossintel:
At 30, you're thinking of aborting your baby. How much time do you think you have left on Earth! Keep the child bro, they say one person don't raise a child. Help will come, just don't make that mistake.

My brother, This your post is one of the reasons poor people have lots of children... because they believed that help will come ... You will see a jobless man with 6-7 children.. and you ask yourself Kilode ?... I believe that God do provide but planning is always very important

Klass99:
@ Richy4, I love short skirts and other outfits which are above the knees.They roll up higher on their own when we are walking, pulling it down is just reflex action.

I don't do short outfits to the point of vulgar or scandalous, it's short enough to keep me decent and appealing. I always carry a veil with me to drape it over my knees for when I sit down with my short outfits (House on the Rock Church, taught me this and now it's a habit)

I did that veil thing at an interview and my interviewers were impressed enough to comment on it.

TheFinance101:
Creating a family budget may seem like a difficult task as it entails balancing the financial needs of your family with yours. This is why many families operate without a household budget, and those who create a spending plan may not be doing it right.

However, planning a family budget in Nigeria goes beyond tracking spending habits and keeping receipts. Here are five steps to planning an effective family budget.



1. Set financial goals
This is the first and most important aspect of planning a family budget. You must first have an end goal before setting on a journey. Think for a while on the financial goals that align with every member of the house, then write them down. You may need to negotiate with them but make sure to set goals that everyone agrees to, else it’d be difficult to maintain the budget.

The goals you set are the targets that’ll help build your plan. Determine the amount you’d need to reach each goal, and how you wish to accomplish that goal. Examples of goals you can set are to get out of debt, save towards your children’s future education, retirement planning, or saving towards buying a house. Make sure to set short-term, medium-term, and long-term goals.



2. Evaluate your current financial situation
The next step is to evaluate the financial situation of your family by tracking your income and expenses. Make a list of your household income sources and recurrent expenses and their amounts. Then, track your expenses for two to three months, to understand your family’s spending habits. This gives you a clear picture of your net income and possible expenses to budget for.


3. Prioritize needs over wants
Once you know how much you have and what your goals are, choose a budgeting method that works best for you. As you track your finances, you’d notice the categories you do not need (or where you need to trim costs). To create an effective family budget, it is important to prioritize needs over wants and cut off the excesses in your expenses. This will allow some excess cash that you can save. Consider using the 50-30-20 budget rule to manage your finances.

4. Allocate funds
Start allocating funds to the essentials before moving on to the nice-to-haves and non-essentials. Fixed expenses are easier to list since the cost is usually the same month-to-month. For variable expenses, you’ll need to do some math to find the average.

5. Build your savings

Every family needs to have savings; a stash of funds towards meeting a financial goal. Even if you’re focused on paying off your debt, make sure to open an emergency fund and save three to six months of your family’s living expenses. Afterward, you can then start saving a particular amount each month, and invest your savings in a safe, high yield investment instrument like www.overwood.ng.

Good job buddy... I like this big time... You are speaking the language that most of us understands.. but there are still some you needed to break down for some....There are people that would like to know how to prioritize their expenses but the rule you mentioned with color is above 101...Give example

I know variable expenses...but remember there are some of your readers who was seen last in Economics or commerce class in early '90s or beginning of 2000...that went into different career/ profession....They have heard it but can't remember what it was ... Please give some example...

Again, Great job buddy.. Great Job...

Muyiwaipere:
Abeg who had information on how to migrate to Malta