1. Set clear financial goals
You can’t have financial freedom without first setting a gol
2. Start saving as soon as you can
3. Spend less than you earn
Spending more than one’s earnings is
4. Only buy what you need
When you buy only what you need, you will be able to save money by staying away from things that are of no use to you.
4. Never spend without a budget
Having a personal budget combined with a scale of preference, goes a long way in helping to improve one’s finances. With a budget, you are able to highlight what you should be spending money on now and what you should put off. You’ll also have a picture of what your income will be, how much you’ll be able to spend and how much you’ll be able to save.
Having a budget helps you live within your mens.
6. Utilize every cost saving opportunity
Every now and there, figure out a way to save money on your spendings. Go for those discounted items, Reduce the frquency at which you use some paid services, figure out substitutes for expensive items without compromising on quality. Every Naira you can save matters.
7. Protect yourself and loved ones through insurance