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Precious
PreciousKnowledge Seeker
Asked: August 16, 2023In:

As a student, it is important to begin to develop the habit of saving early in life, It is a critical step in preparing for unexpected event, how?. Emergency funds are necessary since unplanned expenses like a medical emergency or costly ...Read more

As a student, it is important to begin to develop the habit of saving early in life, It is a critical step in preparing for unexpected event, how?.

Emergency funds are necessary since unplanned expenses like a medical emergency or costly repair services might occur at any time.

The ability to face these unexpected situations without getting into debt can be made possible for students who have savings accounts.

So guys, looking forward to you guys, I’m sure there are other reasonable reasons to save as a student.

 

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moneysaving
  1. De Mogul
    De Mogul Expert Mind A student

    The truth is that everybody needs to save whether you are a civil servant or a housewife or a student because they need for money it does not respect any it group gender or specific kind of people. The reasons why a student should save money is very numerous and one of them is that you have the advaRead more

    The truth is that everybody needs to save whether you are a civil servant or a housewife or a student because they need for money it does not respect any it group gender or specific kind of people.
    The reasons why a student should save money is very numerous and one of them is that you have the advantage of attaining financial freedom at a very young age which is something that most people don’t have the chance to do.

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Light
LightTrusted Adviser
Asked: August 29, 2023In:

Make a budget to keep track of spending and give debt payments first priority in order to save while in debt. Reduce wasteful expenditures, prepare meals at home, and take public transportation. Talk to your creditors about more reasonable interest rates ...Read more

Make a budget to keep track of spending and give debt payments first priority in order to save while in debt. Reduce wasteful expenditures, prepare meals at home, and take public transportation.

Talk to your creditors about more reasonable interest rates or payback schedules. Consider paying off loans with high interest rates. Look for extra revenue streams, such as freelancing. Avoid taking on extra debt and concentrate on making timely payments on the ones you already have. If necessary, get financial guidance to help you make decisions.

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financemoney
  1. Avarose
    Avarose Enlightened Mentor

    Saving money when you’re already in debt isn’t easy, but it’s possible if you get organized. Start by making a budget that prioritizes paying off your debts first. Cut out any spending that isn’t absolutely necessary cook at home instead of eating out, use public transport, and avoid buying things yRead more

    Saving money when you’re already in debt isn’t easy, but it’s possible if you get organized. Start by making a budget that prioritizes paying off your debts first. Cut out any spending that isn’t absolutely necessary cook at home instead of eating out, use public transport, and avoid buying things you don’t need. It’s also worth talking to your lenders to see if you can get better interest rates or more flexible payment plans. Try to bring in extra cash with side jobs or freelancing, but don’t take on new debt. It takes discipline, but little by little, you can save while chipping away at what you owe.

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Svishok
SvishokExpert Mind
Asked: August 27, 2023In:

The concept of diversification in investing. Diversification involves spreading investments across different asset classes (such as stocks, bonds, and real estate) and within those classes (across various companies or industries). This strategy is employed to mitigate risk. If one investment ...Read more

The concept of diversification in investing. Diversification involves spreading investments across different asset classes (such as stocks, bonds, and real estate) and within those classes (across various companies or industries). This strategy is employed to mitigate risk. If one investment performs poorly, the potential losses are offset by gains in other areas. Diversification aims to reduce the impact of a single underperforming asset on the overall portfolio, providing a potential cushion against market volatility. It’s a risk management technique that acknowledges that not all investments will perform well simultaneously. By diversifying, investors seek to achieve a more stable and potentially more consistent return over time.

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investingmoney
  1. De Mogul
    De Mogul Expert Mind A student

    In any business you're doing or investment, you have to make a very important decision not to invest all you have into it because of how uncertain everything is.   When you are investing into a business, you don't know for sure which one will make huge profit and the one that will fail, so it iRead more

    In any business you’re doing or investment, you have to make a very important decision not to invest all you have into it because of how uncertain everything is.

     

    When you are investing into a business, you don’t know for sure which one will make huge profit and the one that will fail, so it is very wise of you to invest  into other things , reduce the impact a bad investment will have on us.

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Augusta
AugustaEnlightened Mentor
Asked: August 7, 2025In:

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moneysavings
  1. De Mogul
    De Mogul Expert Mind A student

    No spend a day is a technique that helps you save a lot of money because you will select a day and decide that you'll not spend a penny that day no matter what , except if it's in emergency. This is a very nice method of saving that helps us to save and avoid impulsive purchase all the time. But honRead more

    No spend a day is a technique that helps you save a lot of money because you will select a day and decide that you’ll not spend a penny that day no matter what , except if it’s in emergency.

    This is a very nice method of saving that helps us to save and avoid impulsive purchase all the time.
    But honestly to get it don, you have to be a person with great patience and understanding on why you save

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eldavis
eldavisEnlightened Mentor
Asked: September 19, 2023In:

Every business owner or entrepreneur have one or more traits that makes them unique and different from the rest, but i believe there are several traits everyone should have in general as an entrepreneur. One of these traits is honestly. ...Read more

Every business owner or entrepreneur have one or more traits that makes them unique and different from the rest, but i believe there are several traits everyone should have in general as an entrepreneur. One of these traits is honestly. These days we have so many entrepreneurs who are not honest in their dealings. What other traits must an entrepreneur have?

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businessentrepreneurmoney
  1. De Mogul
    De Mogul Expert Mind A student

    If you want to be a very successful business man then there are things you really should be doing. Here are some traits I think a businessman should have. 1. You should be very honest to your customers and make a very good product or service. 2. You have to be consistent in what you're doing. 3. BeRead more

    If you want to be a very successful business man then there are things you really should be doing.
    Here are some traits I think a businessman should have.
    1. You should be very honest to your customers and make a very good product or service.
    2. You have to be consistent in what you’re doing.
    3. Be hardworking and try to be updated
    4. Be disciplined

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Light
LightTrusted Adviser
Asked: July 21, 2024In:

People cannot  but buy electronic devices like fan, television, iron in their house. So this will tell you this is a lucrative business. How much do you need to start this business.

People cannot  but buy electronic devices like fan, television, iron in their house. So this will tell you this is a lucrative business. How much do you need to start this business.

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businessinvestmentmoney
  1. De Mogul
    De Mogul Expert Mind A student

    Selling electronics requires alot of money to use as capital. It all depends on where you are,.your supplier and also the size of your shop. If you are staying in a place like Lagos then you need bless capital like 5-10 million naira. This is because your are closer to the seaport, so the cost of trRead more

    Selling electronics requires alot of money to use as capital.

    It all depends on where you are,.your supplier and also the size of your shop.

    If you are staying in a place like Lagos then you need bless capital like 5-10 million naira. This is because your are closer to the seaport, so the cost of transport will be less.

     

    If your are farther away, then you’ll need more , because of the transportation.

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Mhizta Yan
Mhizta YanActive Contributor
Asked: September 28, 2023In:

I don’t think I have any problem right away, and I want to know the level whereby someone can start to save money, at what levels can someone start to save money?

I don’t think I have any problem right away, and I want to know the level whereby someone can start to save money, at what levels can someone start to save money?

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moneysaving
  1. eldavis
    eldavis Enlightened Mentor Graphic designer

    One mistake people often make, which i also made was waiting till i had a reason to save before i started saying. When it comes to saving, you don't have to wait until there is a reason to before you start saving.  An emergency might come up at anytime, so it would be best to start saving now. You dRead more

    One mistake people often make, which i also made was waiting till i had a reason to save before i started saying. When it comes to saving, you don’t have to wait until there is a reason to before you start saving.  An emergency might come up at anytime, so it would be best to start saving now. You do do not need to have a huge amount of money before you start saving.

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yusra
yusraTrusted Adviser
Asked: September 16, 2023In:

What are the key indicators that your personal finances are headed in a positive direction? Is it an increasing savings rate, reduced debt, stability of income, or smart budgeting and spending habits? How can you objectively assess if your money ...Read more

What are the key indicators that your personal finances are headed in a positive direction? Is it an increasing savings rate, reduced debt, stability of income, or smart budgeting and spending habits? How can you objectively assess if your money management is improving over time?

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budgetfinanceincomemoneytrack
  1. Carpon
    Carpon Expert Mind Hustler

    If your finances are on the right track you will notice progress within yourself that means you'll be able to see it noticeably because you are the one with the finance is so you will notice that your finances are more and more buoyant. There will be no need for you to be getting into loans and debtRead more

    If your finances are on the right track you will notice progress within yourself that means you’ll be able to see it noticeably because you are the one with the finance is so you will notice that your finances are more and more buoyant.

    There will be no need for you to be getting into loans and debt and you will discover that you have more cash flow and your income keeps increasing and that is the sign that your finances are on the right track

    Anything opposite of this means that you are having a failed financial life

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Svishok
SvishokExpert Mind
Asked: August 28, 2023In:

About strategies and techniques that small businesses can employ to promote their products or services without breaking the bank. This question highlights the challenge of limited financial resources while seeking effective ways to reach potential customers. The emphasis is on ...Read more

About strategies and techniques that small businesses can employ to promote their products or services without breaking the bank. This question highlights the challenge of limited financial resources while seeking effective ways to reach potential customers. The emphasis is on identifying cost-effective marketing approaches that yield the best results in terms of visibility, engagement, and conversion.

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marketing and advertisingmoney
  1. Inem
    Inem Knowledge Seeker

    A small business that wants to advertise on a budget would have to put in more physical efforts into advertising. Word of mouth marketing is the cheapest and most effective way to market a small business in a budget. Another approach would be to use social media marketing. A well optimized social meRead more

    A small business that wants to advertise on a budget would have to put in more physical efforts into advertising. Word of mouth marketing is the cheapest and most effective way to market a small business in a budget. Another approach would be to use social media marketing. A well optimized social media marketing campaign can give a small business more visibility and sales too.

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