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Nairaland Forum / Nairaland / General / Family / I Am Here To Answer All Your Personal Finance Questions. (3223 Views)
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I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 10:50am On Jun 20, 2015 |
Are you financially stressed? Are you spending more than you earn? Are you living pay check to pay check? Do you want to live a fulfilled balanced life? Or do you want to get married but you are scared of the wedding costs? or are you stressed out and want a holiday but then you think you can not afford one? Ask me any question on personal finance and I am here to answer all. I am AKAglue, your personal finance coach. I am starting this tread because I see a lot of threads with the following topics; - Can I get married and raise a family on a monthly income of N80,000. - I want to get married but I don't have money for a wedding. - Should I buy a car or buy a land? - How do I start saving and Investing? Start sending in your questions now and AKAglue will help you with answers and with practical tools to help you live a fulfilled balanced life. www.akaglue.com 1 Like |
Re: I Am Here To Answer All Your Personal Finance Questions. by Chopet(m): 10:54am On Jun 20, 2015 |
Are u a prophet, pastor or native doctor?? |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 11:11am On Jun 20, 2015 |
@ chopet, I am an accountant and a personal finance coach. 1 Like |
Re: I Am Here To Answer All Your Personal Finance Questions. by 13regular: 11:50am On Jun 20, 2015 |
ok |
Re: I Am Here To Answer All Your Personal Finance Questions. by mdbissalla(m): 1:29pm On Jun 20, 2015 |
akaglue:i'm a public servant that earns #80,000. i've been working for 2yrs 7months now & i have no savings, no investiment, i leave on "pay check to pay check". i'm married anyway (8months old). how will i be able to start savings & probabily invest? knowing the cost of living thanks |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 2:02pm On Jun 20, 2015 |
mdbissalla: 1. Never spend more than you earn. 2. Always save first before you start spending. A lot of people including you try to save what is left after spending which is WRONG. Spend what ever you have left. 3. Draw up a budget and resolve to stick to it. I have attached a sample family budget spread sheet. Play around with it and arrive at the right % for each expense head. 4. It is never too late, start saving now and ensure you are consistent (monthly) no matter what. Open a separate savings account for your savings, once u get to 100k, put it in a fixed deposit and unleash the power of compounding interest. http://akaglue.com/start-investing-now-and-unleash-the-power-of-compound-interest/ 5. Live within ur means. For your income level, ur house rent should not be more than 150,000/ annum. (i.e ur house rent should not be more than ur 2 months salary) Anything above that will stress u. 2 Likes |
Re: I Am Here To Answer All Your Personal Finance Questions. by mdbissalla(m): 2:24pm On Jun 20, 2015 |
akaglue: thanks for your responds! i actually my rent is 3month of my salary. i've downloaded the SampleFamilyBudget.xlsx. i will study it & get back to you incase of any need explanation. tnx once again, you never can tell how this will help me. 1 Like |
Re: I Am Here To Answer All Your Personal Finance Questions. by Uchefrancis16(m): 2:51pm On Jun 20, 2015 |
Hello Akaglue! Based on the tips you gave to mdbissalla, like how much will i get on placing my 100,000 on a fixed deposit account? That is whats the interest percentage pls? |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 9:21pm On Jun 20, 2015 |
Uchefrancis16: You should be able to get 4-6%. Don't be discouraged at the small amount of interest. Remember it's an investment and it is best you compound the interest. |
Re: I Am Here To Answer All Your Personal Finance Questions. by mdbissalla(m): 10:17am On Jun 24, 2015 |
akaglue:i've gone through/studied the SampleFamilyBudget.xlsx you sent. i'm ok & much comfortable with it. it something that i can adhered to. tnz. is there any thing you will like to share with me which may assist me in savings regards |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 4:40pm On Jun 25, 2015 |
mdbissalla: Once you get ur salary. Save a percentage of it. Put it in a different account. Make sure the account does not have an ATM. |
Re: I Am Here To Answer All Your Personal Finance Questions. by Moana(f): 10:19pm On Jun 25, 2015 |
Please who stole the money that was under my matress? |
Re: I Am Here To Answer All Your Personal Finance Questions. by Kimoni: 11:26pm On Jun 25, 2015 |
Uchefrancis16: Instead of fixed deposit, you can buy treasury bills. It yields more income |
Re: I Am Here To Answer All Your Personal Finance Questions. by Nobody: 11:37pm On Jun 25, 2015 |
Kimoni:Exactly! Though,left to me,i will put it into any biz that will yield good income than treasury bill. How r u and family? U no dey sleep? How baby? |
Re: I Am Here To Answer All Your Personal Finance Questions. by Kimoni: 11:51pm On Jun 25, 2015 |
moca: Moca!!!! Business is the most profitable but also very risky. One has to be really sure of the business I am typing with one hand oo and carrying him with the other hand. He sleeps around midnight though. And you? How are you and our angel? How is vigilante going? Hope you are getting small small sleep sha It is well with us |
Re: I Am Here To Answer All Your Personal Finance Questions. by Antoinne: 2:23am On Jun 26, 2015 |
akaglue:What can i do for investment with 8 million ngn? Currently it's in fixed deposit, but the interests at the end of the month is rather small. Is there anything else you can advise? |
Re: I Am Here To Answer All Your Personal Finance Questions. by tttmar(f): 9:03am On Jun 26, 2015 |
In fact this has given me a clue on how to solve my financial problems. ![]() |
Re: I Am Here To Answer All Your Personal Finance Questions. by mdbissalla(m): 12:57pm On Jun 26, 2015 |
akaglue: ![]() ![]() ![]() thanks |
Re: I Am Here To Answer All Your Personal Finance Questions. by NifemiOlu(m): 2:47pm On Jun 26, 2015 |
When should I send my account number? I use GTB. |
Re: I Am Here To Answer All Your Personal Finance Questions. by bukatyne(f): 2:55pm On Jun 26, 2015 |
@akaglue, Keep up the good work ![]() |
Re: I Am Here To Answer All Your Personal Finance Questions. by damiso(f): 3:16pm On Jun 26, 2015 |
Well done akaglue I really love the concept of your blog. So refreshing and different. A welcome break from the usual 'aproko' and 'amebo' things ![]() ![]() ![]() ![]() Keep at it, the sky is your limit. I follow a lady on Instagram, she is an American of Nigerian Origin and she started something similar. She has now actually quit her job as a teacher and travels all over the States and internationally giving talks on how people can manage their personal finances. She is called The Budgetnista. She is getting loads and loads of sponsorships from so many Financial organisations Or Like Martin Lewis here in the UK ( the money saving expert). He is the go to person for all money saving tips and is regularly featured on most TV stations. 1 Like |
Re: I Am Here To Answer All Your Personal Finance Questions. by Nobody: 3:30pm On Jun 26, 2015 |
Hello Akaglue, I love your blog and comments. You are a rare gem. I have so much to learn from you- and I think we have some things in common. After reading your blog, I discovered that I have wasted over N1000 today on food. I am determined from now on to be frugal in terms of spending. My daughter's 1st birthday is in two weeks time. I am thankful enough that it falls on a week day, but I don't want to spend so much on it- even though she will be celebrating it in school. Also, I am going to the Lagos Island this weekend to buy baby things (I am pregnant). I intend to buy within my budget. What suggestions do you have for me based on the aforementioned? |
Re: I Am Here To Answer All Your Personal Finance Questions. by Braaad: 10:58pm On Jun 26, 2015 |
@Akaglue, you are doing a very nice job here and I really appreciate it. I want to get some information about treasury bills. I was told if someone buys the bond with say 100000 naira, the bank will pay the buyer 10% of that amount upfront and the money will mature in 90 days. This they say is like getting 10,000 naira every 3 months for the 100000naira invested. (Pardon my terminologies but I hope you understand the question) |
Re: I Am Here To Answer All Your Personal Finance Questions. by mentorandfriend(m): 11:15pm On Jun 26, 2015 |
But you're surely not a female. No vex! |
Re: I Am Here To Answer All Your Personal Finance Questions. by samalive(m): 10:52am On Jun 27, 2015 |
Akaglue, loved your blog and I really appreciate those candid advice u gave. Pls keep it up. I want you to help with some lists of investment one can simply go into to earn more income. Bless you. |
Re: I Am Here To Answer All Your Personal Finance Questions. by momasenny(f): 11:24am On Jun 27, 2015 |
Where is my chair? I want to learn. @akaglue thanks for saving a soul. |
Re: I Am Here To Answer All Your Personal Finance Questions. by swimcash(m): 3:13pm On Jun 27, 2015 |
really lovin dis, knwledge is indeed power |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 12:11am On Jul 01, 2015 |
@swimcash, @momasenny thank you. |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 12:15am On Jul 01, 2015 |
samalive: Thank you for visiting and loving my blog. I appreciate my dear readers. Please note that I am not into forex trading. I am an accountant and also a personal finance coach. So if u are looking for fast cash with huge returns, I can't help. I advice mostly people that are risk adverse, people like me that are ok seeing their money grow. If you have a large sum for invest, you can diversify. put some in treasury bills, put some in mutual funds, put some in the stock market, have a personal pension savings. etc. |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 12:16am On Jul 01, 2015 |
mentorandfriend: Hahaha, I am very much a female. visit my blog and read about me.. I am not faceless. www.akaglue.com |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 12:23am On Jul 01, 2015 |
Braaad: yes it is very true. You get ur interest rate before maturity for treasury bills and it is not taxable. Mind you, interest rate is per annum, so 10% is per annum. so every quarter your interest will be like 2,500. i.e assuming interest is 10%. 1 Like |
Re: I Am Here To Answer All Your Personal Finance Questions. by akaglue(f): 12:28am On Jul 01, 2015 |
feature11: I hope my response is not too late. Thank you for loving my blog. 1. You should have a maximum amount (budget) that you intend to spend on your daughter's b.day. 2. Get a nice cake and party parks. 3. You can take pictures with your phone and go print yourself. (I did that myself for my daughters b,day) 4. Buy snacks and drinks should be included in the party parks. 5. You can buy this colourful cone hats, just to make the event look colorful. It's a good thing you want to be more frugal in your spending. You are a financially virtuous woman. I have new blog posts, do visit and comment. www.akaglue.com |
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