- ATM withdrawal fees – the silent thief in your bank account.
- Late payment fees – procrastination is expensive!
- Unused subscriptions – if you don’t use it, cancel it. Your money deserves better than paying for services you forgot about.
Smart Money Habits for a Better Future
- Always save a little – even if it’s just the cost of your daily snacks (yes, those add up).
- Avoid impulse buying – do you need that 10th pair of shoes, or do you just want it?
- Learn about money – because “money doesn’t grow on trees” (if it did, we’d all be farmers).
What is Mobile Money?
- Mobile money lets you send, receive, and store money using your phone – no need to risk carrying cash like a bank robber.
- Safer than cash – unless you share your PIN with everyone, then… good luck.
- Always avoid scams – if someone promises you 10x your money, it’s a lie. If they call themselves “Prince” and need your help, it’s a scam.
- Check your transaction history from time to time
What is a Savings Account
- A savings account keeps your money safe – because hiding cash under your mattress is NOT a security plan.
- Helps you build an emergency fund – life is unpredictable, like WiFi in the rain.
- The more you save, the better your future – today’s sacrifices = tomorrow’s financial freedom
What is a Loan and How Does It Work?
- A loan is money you borrow, but unlike your friend’s borrowed t-shirt, you must return it with extra (interest).
- Always check the repayment terms – some loans are so tricky, you could end up paying back double.
- A bad loan can trap you for years – read the fine print, or it might read your bank account dry!
How to Budget in 3 Easy Steps
- Write down your income and expenses – yes, even that extra snack you buy daily.
- Prioritize essentials – food, rent, and transport come first (yes, before Netflix).
- Calculate & reduce expenses that you do not really need. It is not so hard as might look.
- Stick to your plan – budgets are like diets, they only work if you follow them!
How to Avoid Debt Traps
- Borrow only when necessary – loans are not free money; they come back like unexpected relatives.
- Always compare interest rates – some lenders charge so much interest, you’ll feel like you’re working just for them.
- Pay on time – otherwise, penalties will pile up faster than your laundry!
How to Save Money with Little Income
- Track your spending – if your money disappears faster than a plate of jollof rice, it’s time to check where it’s going.
- Cut unnecessary costs – do you really need another subscription, or can you live without that “exclusive VIP” ringtone?
- Set a small savings goal – even if it’s just the price of one soda a day, your future self will thank you.