Having debt doesn't mean you're in bad financial shape. In fact, some types of debt are necessary for getting ahead and building substantial wealth. Debt is often categorized as either good or bad. What that really means is there are types of debt that can hurt you more than they help you namely, high-interest debt. [...]
What Is Personal Finance? Personal finance is a term that covers managing your money and saving and investing. It encompasses budgeting, banking, insurance, mortgages, investments, retirement planning, and tax and estate planning. It often refers to the entire industry that provides financial services to individuals and households and advises them about financial and investment opportunities. Personal Finance [...]
If you've heard it once, you've heard it a thousand times: BUDGET YOUR MONEY! Financial experts and money advisors have been shouting this mantra from the mountaintops for years. This is just one of those financial lessons that cannot be preached enough. If you and your family want financial security, following a budget is the [...]
With all the personal finance advice on TV and strewn across all corners of the Internet, it can be hard to know what’s fact and what’s fiction. So we’re here to help. Below are 10 popular personal finance myths that people like to spread, as well as why you shouldn’t buy into them. 1. There’s No Reason [...]
Thinking of renting/buying a condo/house in a new (or nearly new) building? You’re loving the fact that the building looks so shiny and modern, so this minute with big windows, wood floors and eco-friendly features. But tread carefully. New does not mean trouble-free. Those windows, floors, and green add ons may be exactly what will [...]
Whether you and/or some of your family members have had breast cancer, you may be interested in the possibility of genetic testing. The best way to get started is to learn more about your family history on both your mother’s and your father’s side. An abnormal gene that increases breast cancer risk is more likely [...]
Everybody wants to have a beautifully decorated home. Imagine impressing family and friends with your exquisite décor and have them wondering how you did it. Adding your own personal touch to your décor can make your house feel even more like home. Unfortunately, the costs of decorating a home can be expensive. The houses you [...]
The federal government is keen on making more money and has decided the people have to pay for it by way of an increase in value added tax. The proposed VAT increase is coming against the background of political and economic uncertainly occasioned by long-standing corruption, poor economic management and exacerbating budgetary financing. Nosa James-Igbinadolor [...]
For any meaningful change to occur, transparency is key especially as it concerns public finance. Until all levels of the Nigerian government embraces budget transparency by releasing to the public a copy of the budget including, but not limited to, the budget implementation report; any reform agenda will remain surface level. At BudgIT, we believe [...]
National Housing Fund (NHF) is a Federal Government introduced scheme that mobilizes long-term funds from Nigerian workers, banks, insurance companies and the Federal Government to advance loans at soft interest rates to its contributors. The scheme was established by Act 3 of 1992 to enable Nigerians in all sectors of the economy, particularly those within the [...]
