Personal Leadership, Published Articles

Top 5 Money Mistakes Young Nigerians Make

Financial education is not included in the curriculum for students in Nigeria, but it should be. It is not enough to make money; it must be managed properly and made to grow. If you find yourself struggling financially, even despite having good income, you are likely to be making one or more of these 5 mistakes. 

1. Living above your means: You need to track your spending and know if you’re living within your means. Spending more than you earn will ensure that you never amount to anything financially. A good place to start is to track your daily spending. Looking at a record of where all your hard earned money really goes is an eye-opener, and you just may be surprised at what you discover. If you’re spending so much that you have nothing to save, you will never know financial freedom no matter how much money you earn. Which brings us to our next point…

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