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Financewise

Financial makeover

Many questions were raised on the last two articles on financial discipline. Some readers think they might need financial makeovers. How can we determine if we need a financial makeover? Although everyone has peculiarities that make a…

Financial discipline

Discipline is adherence to a code of behavior and set of rules. Financial discipline is therefore the adherence to the rules of financial management and prudence. Many of us struggle with financial discipline, mainly because we think it is…

Mobile personal finance apps

Many of us are familiar with mobile apps. We have games, health trackers, learning portals, Bibles, social media and much more on our phones. How many of us have personal finance management (PFM) apps? For those of us struggling with…

Planning for dependents II

LAST week, we talked about the need to plan the financial welfare of our dependents. We listed six main areas we should be paying attention to – education planning, health insurance, estate planning, life insurance, retirement planning and…

Planning for dependents (I)

Planning for dependents is an integral part of financial planning and wealth management. Our dependents have needs that we as responsible guardians need to make adequate provision for. There are 6 major ways we can make the financial future…

Managing personal debt

One of the main elements of financial inclusion is access to credit. CBN has set a target for the country and the banks and non-bank financial institutions are running with the vision. People are being offered personal loans; borrowing has…