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Home»Questions»Page 36

Finance Questions, Loans, Insurance & Investment Advice Latest Questions

eldavis
eldavisEnlightened Mentor
Asked: April 23, 2026In: Money & Business

What if the customer base increases overnight?

In a situation where the business experience a sudden growth in their customer base, what is the first thing the business needs to work on to prevent the business from falling due to pressure from many customers? 

In a situation where the business experience a sudden growth in their customer base, what is the first thing the business needs to work on to prevent the business from falling due to pressure from many customers? 

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on April 24, 2026 at 3:55 am

    I think the first is to get more supplies that would be enough for the customers. No matter how many the users are they would not turned their backs when they are still having the products and bring satisfied with it. So the sure bet is for the company to have enough supplies and also he great withRead more

    I think the first is to get more supplies that would be enough for the customers. No matter how many the users are they would not turned their backs when they are still having the products and bring satisfied with it. 

    So the sure bet is for the company to have enough supplies and also he great with customers care service. Just be good to all customers.

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eldavis
eldavisEnlightened Mentor
Asked: April 23, 2026In: Money & Business

Should we copy everything our competitors do?

When it comes to running a business today, studying your competition and copying a thing or two has become a norm, do you think it is right to copy everything from your competition? 

When it comes to running a business today, studying your competition and copying a thing or two has become a norm, do you think it is right to copy everything from your competition? 

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on April 24, 2026 at 3:59 am

    I will not say copy everything I would state just bridge the gap. It is always good to he unique than being a copy. First for me is to look at what they are doing and do them.so thst you would be unique as you are giving customers something different.But if they are no gaps to be filled you can stilRead more

    I will not say copy everything I would state just bridge the gap. It is always good to he unique than being a copy. First for me is to look at what they are doing and do them.so thst you would be unique as you are giving customers something different.

    But if they are no gaps to be filled you can still be a lot different but tweaking whst you copy from your competitors. Let your actions be slightly different from theirs . So that you still have something different.

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Augusta
AugustaEnlightened Mentor
Asked: April 23, 2026In: Money & Business

Which is better to do? Clear a loan app debt

If you are given the option of clearing your loan app debt or building emergency funds. Which would you go for and why?

If you are given the option of clearing your loan app debt or building emergency funds. Which would you go for and why?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on April 25, 2026 at 8:14 am

    I answered this!Clear the loan app debt first—especially if it carries high interest. Most loan apps charge steep rates and penalties, which grow faster than any savings you build. Paying it off gives you a guaranteed “return” equal to the interest you avoid, plus peace of mind.That said, keep a tinRead more

    I answered this!

    Clear the loan app debt first—especially if it carries high interest. Most loan apps charge steep rates and penalties, which grow faster than any savings you build. Paying it off gives you a guaranteed “return” equal to the interest you avoid, plus peace of mind.

    That said, keep a tiny buffer (even 1–2 weeks of expenses) so you don’t fall back into debt during emergencies. Once the debt is cleared, shift focus fully to building your emergency fund. This way, you break the cycle and build real financial stability.

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Augusta
AugustaEnlightened Mentor
Asked: April 23, 2026In: Banks, Cards & Fintech Help

What's your review of piggy vest app

Have you used the piggy vest app for your savings. Do you think it is highly recommended for saving money?

Have you used the piggy vest app for your savings. Do you think it is highly recommended for saving money?

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Augusta
AugustaEnlightened Mentor
Asked: April 23, 2026In: Money & Business

How to stick to the 50/30/20 split

There’s the 50/30/20 rules for money split monthly. Where 50% is for needs, 20% for wants and 20% for savings. It is nit about creating this but sticking to it. How can one stick to this?

There’s the 50/30/20 rules for money split monthly. Where 50% is for needs, 20% for wants and 20% for savings. It is nit about creating this but sticking to it. How can one stick to this?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on April 25, 2026 at 8:12 am

    Sticking to the 50/30/20 rule is easier when you automate and set limits. Move 20% to savings immediately when income comes in so you don’t spend it. Clearly define “needs” vs “wants” to avoid overlap. Use apps like Mint or YNAB (You Need A Budget) to track spending. Consider a separate card or cashRead more

    Sticking to the 50/30/20 rule is easier when you automate and set limits. Move 20% to savings immediately when income comes in so you don’t spend it. Clearly define “needs” vs “wants” to avoid overlap. Use apps like Mint or YNAB (You Need A Budget) to track spending. Consider a separate card or cash for wants—once it’s finished, stop. Review weekly and adjust early.

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Augusta
AugustaEnlightened Mentor
Asked: April 23, 2026In: Money & Business

How do you budget small income to avoid being broke

A lot of people are just managing their lives. But they would also wants to budget. So how can those with small salary budget to avoid going broke?

A lot of people are just managing their lives. But they would also wants to budget. So how can those with small salary budget to avoid going broke?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on April 24, 2026 at 4:16 am

    With a small income, the goal is to make sure essentials are covered first and everything else is flexible. The simplest approach is to split money into needs, savings (even a very small amount), and daily spending, so there’s always a limit on non-essential expenses. Tracking where money goes helpsRead more

    With a small income, the goal is to make sure essentials are covered first and everything else is flexible. The simplest approach is to split money into needs, savings (even a very small amount), and daily spending, so there’s always a limit on non-essential expenses. Tracking where money goes helps avoid “silent leaks” like small impulse buys. It’s less about perfect budgeting and more about consistency staying within limits so there’s always something left before the next income arrives.

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Blessing16
Blessing16
Asked: April 20, 2026In: Government Programs & Legal Help

What daily habits can help improve overall health and boost the immune system?

I would like answers that explain simple and practical habits people can follow every day, especially things that are easy to maintain for long-term health.

I would like answers that explain simple and practical habits people can follow every day, especially things that are easy to maintain for long-term health.

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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on April 23, 2026 at 11:35 am

    There are lots of daily habits that might actually help when it comes to improving our overall health and immune system. One of them that we tend to overlook is our sleeping habit. How we sleep matters a lot. Not having enough sleep can have a negative effect in our health. The kind of food will eatRead more

    There are lots of daily habits that might actually help when it comes to improving our overall health and immune system. One of them that we tend to overlook is our sleeping habit. How we sleep matters a lot. Not having enough sleep can have a negative effect in our health. The kind of food will eat also matters a lot as well. Then the activities we do also matters as well, like exercising and the likes. 

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Augusta
AugustaEnlightened Mentor
Asked: April 20, 2026In: Money & Business

Money mistakes to avoid in 2026

Let educate ourselves. What are the different money mistakes we shouldn’t be making in 2026. State yours or your regrets 

Let educate ourselves. What are the different money mistakes we shouldn’t be making in 2026. State yours or your regrets 

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on April 23, 2026 at 7:13 pm

    As we 're into 2026, it's crucial not to underestimate how AI is changing the job landscape. Investing in upskilling is key to avoiding financial pitfalls. Watch out for those super-targeted marketing tactics pushing you to buy on social media without thinking. Some folks wish they had diversified tRead more

    As we ‘re into 2026, it’s crucial not to underestimate how AI is changing the job landscape. Investing in upskilling is key to avoiding financial pitfalls. Watch out for those super-targeted marketing tactics pushing you to buy on social media without thinking. Some folks wish they had diversified their investments and set up an emergency fund as living expenses climb. Make sure you review your ongoing digital subscriptions to prevent getting overwhelmed by them. And of course, don’t forget about the tax implications of your digital assets. Standing still in a world that’s always changing is the biggest money misstep you could make.

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Augusta
AugustaEnlightened Mentor
Asked: April 20, 2026In: Money & Business

Which bank app in Nigeria helps us save money

Are they bank apps in Nigeria that helps one save money. If you are using one, give a review of it and how it works 

Are they bank apps in Nigeria that helps one save money. If you are using one, give a review of it and how it works 

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  1. Blessing
    Blessing
    Added an answer on April 20, 2026 at 9:13 pm

    Yes, there are banking apps in Nigeria that help people save money easily. One example is Kuda Bank.Kuda allows users to save money automatically and also set daily or weekly savings goals. It is easy to use and works directly on your phone.You can also withdraw your money anytime and it helps peoplRead more

    Yes, there are banking apps in Nigeria that help people save money easily. One example is Kuda Bank.Kuda allows users to save money automatically and also set daily or weekly savings goals. It is easy to use and works directly on your phone.You can also withdraw your money anytime and it helps people manage spending better.Other similar apps include PiggyVest and Cowrywise, which also help with saving and earning small interest.

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Augusta
AugustaEnlightened Mentor
Asked: April 20, 2026In: Money & Business

Factors that can increase hand to mouth income situation

Sometimes we might just make money but it is just a hand to mouth income situation. What are the factors thst increase this situation?

Sometimes we might just make money but it is just a hand to mouth income situation. What are the factors thst increase this situation?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on April 23, 2026 at 6:58 pm

    Living paycheck to paycheck happens due to a mix of broader issues and personal reasons. When prices go up and wages stay the same, it's tough to make ends meet. Sudden expenses, such as medical or car bills, can quickly drain any savings. Not being great with money, not budgeting properly, or constRead more

    Living paycheck to paycheck happens due to a mix of broader issues and personal reasons. When prices go up and wages stay the same, it’s tough to make ends meet. Sudden expenses, such as medical or car bills, can quickly drain any savings. Not being great with money, not budgeting properly, or constantly upgrading your lifestyle can all contribute. On top of that, hefty debt interest and difficulty getting credit can keep people stuck in a cycle where there’s no room for saving up any money.

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