Must read for Nigeria Youths

Being financially responsible is what we all should strive for. We have identified four key components that make financial responsibility easily achievable.

Learn to earn

The key driver of being financially responsible is the capacity to earn. You cannot manage what you don’t have. Hence, it is very important that you build a channel to generate income. You need to harness your skills so you can have an earning chance.

Learn to budget

The next stage after earning is spending! You need a plan on how to spend your earnings. The ultimate answer to managing how much you spend is budgeting. You need to set up your budget for what you need and your goals.

Learn to save

Saving is the biggest of all the components of being financially responsible because it is the bedrock to good financial management. Having a good saving culture won’t only serve as a tool for reaching your financial goals but also as a good arsenal in case of an unforeseen expense or emergencies.

Learn to invest

The importance of investing wisely in building wealth cannot be overemphasized. Sound, smart investments serve as a tool to grow the money you earn in ways that outpace inflation and put you on track for retirement much earlier.