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  1. Asked: September 19, 2023In: Money & Business

    Fuel is too cost, how can I reduce expenses from transportation?

    Precious
    Precious Knowledge Seeker KIDI CARE
    Added an answer on September 19, 2023 at 10:16 am

    Due to the high cost of fuel, transport fee is going higher day by day, in my area I was shock when I paid 500 from my house to plaza, something of 200 naira but due to the cost of fuel i waste 500 naira, for me I think you can reduce expenses from transportation by cutting back on unnecessary eventRead more

    Due to the high cost of fuel, transport fee is going higher day by day, in my area I was shock when I paid 500 from my house to plaza, something of 200 naira but due to the cost of fuel i waste 500 naira, for me I think you can reduce expenses from transportation by cutting back on unnecessary event, limit yourself from going out promptly, go out only when you have important meeting or important stuff to buy in the market, if necessary buying your personal car can also help in reducing transport expenses.

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  2. Asked: September 19, 2023In: Money & Business

    What kind of knowledge do you require for money management?

    Augusta
    Augusta Enlightened Mentor
    Added an answer on September 19, 2023 at 5:06 am

    Yes I think one would need management and financial skills. These are the two outstanding skills that one would need to be able to manage the little money one would have. You should know how to create avenues to get income into your pocket at all times and you should be able to manage it just the waRead more

    Yes I think one would need management and financial skills. These are the two outstanding skills that one would need to be able to manage the little money one would have. You should know how to create avenues to get income into your pocket at all times and you should be able to manage it just the way you would even the little you have.
    You can gain this knowledge through having a mentor , you can also have it through reading financial books or blogs online.

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  3. Asked: September 18, 2023In: Money & Business

    How can I use my salary wisely?

    Ovy
    Ovy Active Contributor Overcomer
    Added an answer on September 19, 2023 at 12:45 am

    One of the things that always make people look as if they don't have money (even when they have) is this lack of using their income well. If you want to use your salary wisely I'll suggest you  invest it in cryptocurrency, trading or any profitable business. Also, you have to minimize they way you sRead more

    One of the things that always make people look as if they don’t have money (even when they have) is this lack of using their income well. If you want to use your salary wisely I’ll suggest you  invest it in cryptocurrency, trading or any profitable business. Also, you have to minimize they way you spend. Using your salary well also include savings: by saving part of your salary, it will really help you to accomplish your needs easily.

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  4. Asked: September 18, 2023In: Money & Business

    How can I reduce my expenses on fuel usage?

    Emmyty
    Emmyty Trusted Adviser Entrepreneur
    Added an answer on September 18, 2023 at 9:41 pm

    There are several ways to reduce expenses on fuel usage. Firstly, consider carpooling or using public transportation whenever possible to reduce the amount of fuel consumed. Secondly, maintain proper tire pressure as underinflated tires can lead to increased fuel consumption. Additionally, driving aRead more

    There are several ways to reduce expenses on fuel usage. Firstly, consider carpooling or using public transportation whenever possible to reduce the amount of fuel consumed. Secondly, maintain proper tire pressure as underinflated tires can lead to increased fuel consumption. Additionally, driving at a consistent speed and avoiding abrupt acceleration and braking can further help to reduce fuel usage. Finally, consider using technology such as fuel efficiency apps or devices that monitor fuel consumption to gain insights and make adjustments to your driving habits.

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  5. Asked: September 17, 2023In: Money & Business

    How to grow your wealth in low income?

    Slaky12
    Slaky12 Knowledge Seeker Cryptocurrency Engineering
    Added an answer on September 17, 2023 at 4:04 am

    Growing wealth on a low income can be challenging, but it's possible with careful planning and discipline. Here are some tips to grow wealth sure as Even a small amount saved regularly can grow over time. Consider opening a savings account or investing in low-cost index funds or stocks. Look for oppRead more

    Growing wealth on a low income can be challenging, but it’s possible with careful planning and discipline. Here are some tips to grow wealth sure as
    Even a small amount saved regularly can grow over time. Consider opening a savings account or investing in low-cost index funds or stocks.
    Look for opportunities to increase your income, such as part-time jobs, freelancing, or side hustles.
    Practice frugal living by finding ways to save on everyday expenses, like cooking at home, using public transportation, and buying secondhand items.

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  6. Asked: September 15, 2023In: Money & Business

    What can 1 million do for you?

    Abigael
    Abigael Trusted Adviser Abigael
    Added an answer on September 16, 2023 at 3:03 am

    One million naira will do a lot for me, but first, I will have to convert it to Kenyan shillings. That will give me about two hundred thousand Kenyan shillings. I can use this amount to start a small business. Maybe sell some food or start a wines and spirits business. I could also invest it onlineRead more

    One million naira will do a lot for me, but first, I will have to convert it to Kenyan shillings. That will give me about two hundred thousand Kenyan shillings.

    I can use this amount to start a small business. Maybe sell some food or start a wines and spirits business. I could also invest it online through buying and selling cryptocurrencies. With time, this amount may grow into a million Kenyan shillings.

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  7. Asked: September 15, 2023In: Money & Business

    Can I adjusted my spending for the seek of savings?

    spencer
    spencer Enlightened Mentor
    Added an answer on September 15, 2023 at 9:55 am

    Adjusting your spending to save money is a viable way to step up your savings game, if you have what you want acheive with your savings and it's important to you, you can go ahead and do it, it all boils down to Importance and what you intend to acheive. There are many savings formulas online like tRead more

    Adjusting your spending to save money is a viable way to step up your savings game, if you have what you want acheive with your savings and it’s important to you, you can go ahead and do it, it all boils down to Importance and what you intend to acheive.

    There are many savings formulas online like the Pareto’s 70/30 or 50/50, which roughly translates to saving 50% and spending the remaining halve.

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  8. Asked: September 15, 2023In: Money & Business

    What are some tips on how to save money while in school?

    Augusta
    Augusta Enlightened Mentor
    Added an answer on September 15, 2023 at 9:22 am

    Yes as a student you can save money because the rainy days are always ahead off so you don't have to be taken unawares which can be pathetic. You can do the following; Combine money with others available to buy your groceries if you need to eat out use a joint that sell cheap food. You can downloadRead more

    Yes as a student you can save money because the rainy days are always ahead off so you don’t have to be taken unawares which can be pathetic. You can do the following;

    Combine money with others available to buy your groceries

    if you need to eat out use a joint that sell cheap food.

    You can download any learning video instead of streamlining it

    Do you laundry yourself to save money you would have spent at a laundry mart

    Buy only books that are really important and necessary

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  9. Asked: September 15, 2023In: Money & Business

    What makes you pursue savings?

    raaman
    raaman Expert Mind A blogger and a writer interested in learning.
    Added an answer on September 15, 2023 at 7:39 am

    Saving money can act as a safety net for your finances in the event of unforeseen, emergencies, or times when your income is low. It can aid in preventing financial difficulties and maintaining the standard of living for us and our families. People save money for specific financial objectives like hRead more

    Saving money can act as a safety net for your finances in the event of unforeseen, emergencies, or times when your income is low. It can aid in preventing financial difficulties and maintaining the standard of living for us and our families. People save money for specific financial objectives like home ownership, child care, travel, or a comfortable retirement. They can feel happy because of saving.

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  10. Asked: September 14, 2023In: Money & Business

    What are the easy way to stop overspending ?

    Precious
    Precious Knowledge Seeker KIDI CARE
    Added an answer on September 15, 2023 at 1:17 am

    One of the easy step to stop overspending is creating a budget to yourself, budget Play a big role in stoping overspending, someone that have a active budget will not overspend money on things that is not important, you can create a budget but sticking to the budget will really help in avoiding overRead more

    One of the easy step to stop overspending is creating a budget to yourself, budget Play a big role in stoping overspending, someone that have a active budget will not overspend money on things that is not important, you can create a budget but sticking to the budget will really help in avoiding overspending.

    Also if you consider cooking at home, you’ll find out that you save a lot of money.

    Hope you get my point.

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