Skip to main content

Read this, digest and use well.

Read this, digest and use well.
As a low or medium income earner, you shouldn't compare with someone with a high income, and so you should not spend like them.
In a market as complex, extreme and ambiguous as ours, its important to know how to spend and have a good saving habit.
We have put together 5-6 ways to cut your expenses according to your earnings.
1. Reduce your housing Expenses: A shelter is a basic need. However, if the better part of your earnings is spent on a luxurious apartment, you should consider moving out to a less expensive home.
2. Don't buy to keep up: Do not make financial choices you might regret, when you start spending on items just because you want to feel like others, your earnings won't last.
3. Reduce your food expenses: Yes, food is essential for living, but its possible to overspend on food. Remembrance you don't earn much and this should reflect on your food expenses.
4. Learn to be content: The only way you won't be pressured into buying what you don't need is if you are contented with what you have already.
5. Identify Your needs and wants: As a low or medium income earner its important to separate your needs from your wants.
6. Create a Good and strict savings account: Its important to save strictly, no matter how much you earn. At the end of the day, you can turn your savings to investment and then increase your streams of income.
At F&K savings we are determined to help our customers build a consistent and diligent habit of savings and investment overtime.
And we help you to secure your financial future.
Check here: Fandksavings.com.ng
Or call us: 08180997078 08092816959.

Popular posts from this blog

The Law of Demand and Supply For wealth making (Oyedamola Taiwo) For F&K Savings

The Law of Demand and Supply For wealth making. Next to the introduction of economics as a course is the exposition to how the demand and supply rules and moves an average economic system. I am definitely not here to bore you with economics jargon, I want to tilt your mind in a direction it has probably scarcely explored. This is how it works in the goods market; there is a producer on one side trying to make profit by offering a good/service and on the flip side of the coin is the consumer willingly looking for a product to feed his/her satisfaction in exchange for value. The two parties will have to meet and bargain. Before the transaction can be sealed, the basic requirements of the two parties must be met i.e, the producer must earn profit and the consumer satisfied with the product. Now, you have gotten the basic gist, let me exercise your imagination just a little bit. You want money right? I do too! Now, there is an imaginary money land with producers willing to give ou...

Meet our customer of the month for the month of may - Famoofo Seyi.

Don't just take our word for it when we tell you that saving with us makes hitting your finance goals really easy. Meet our customer of the month for May, Mrs Famoofo Seyi, an entrepreneur based in Ibadan who has found staying focused on her finance goals much easier since she started using our mobile app, in her own words she has been able to save towards particular goals and smash them without stress and her business and financial lifestyle have greatly improved as a result. Be like Famoofo Seyi and join the ranks of those who save smart and better with F&K Savings, you too will find smashing your money goals not stressful at all. Thank you, Mrs Famoofo Seyi for being such an amazing customer

Is Forex A Worth-While Investment For The Average Nigerian?

If you live in Nigeria and you actively use social media, odds are on that you have probably heard the term ‘Forex’ being used around a lot, from shady people hitting you up promising that they will give you an 100% returns on your investment if you invest in Forex through them to someone on social media bragging about how they made millions off investing in Forex. Forex is one of those terms that seems to be shrouded in mystery, the average person knows the word Forex but would be hard pressed to come up with a suitable explanation for it or how it works. Overtime an even more pressing question has appeared, Is Forex another word synonymous with scam like MMM? Should I be investing my hard-earned money into Forex? Today, we’d be breaking down for you how exactly Forex works. First things first, what Is Forex? Let’s give you a quick analogy on how Forex works, Say you leave Nigeria and go to Dubai for a vacation, when you get to Dubai, you are obviously not...