Financial Literacy

In most African countries, minimum wages are usually calculated and paid monthly, whereas they are normally computed and paid on an hourly basis in other foreign countries. A minimum wage, according to Investopedia, is the lowest legally mandated wage that a person can make. In other words, it is illegal…

It’s a great financial strategy to save at least 50% of your income before you retire. Put your earnings toward creating an emergency fund, aggressive debt repayment, and a retirement portfolio. This may appear to be an odd idea at first, yet there is a subculture of people who save…

Achieving your financial goals is about creating a strategy and sticking to it, not just saving and spending wisely. There is no better day or time to be in control and organise your finances than now.  Saving money to make a purchase is an age-old tale. Whether you’re an 8-year-old…

The economic uncertainty that was occasioned by the Covid-19 pandemic has plunged many into debt, especially in many African countries where poverty was prevalent pre-pandemic. However, not all debts are bad, but you must learn to avoid the destructive ones. When it comes to minimising interest costs and keeping debt…

It can be difficult to actually see the warning signs that you have a debt problem. According to research, debt has been linked to worry and sadness, as well as headaches, insomnia, and inability to focus.  That’s probably because most of us are concerned when we get too far into…