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Financewise

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…

Financial education for children

As our children resume the new school year, let us ensure they get a full education. Attention is given to academic, spiritual, moral and even cultural education, but most parents ignore financial education. It is important to teach and…

Back-to-school financing

With September comes the beginning of a new academic session; one of the most financially tasking times for parents of school-aged children. Parents have to pay for tuition, textbooks,uniforms and accessories, stationery and supplies. The…