I dont know about you. But I really desire 2024 to be better. And I know the future is at its best of what I make of it, and is a product of what I do right now.
The New Year 2024 is nearly approaching, no, its here! For those keenly interested in improving their personal finance, the prevalent questions are:
What does 2024 hold for me?
A better economy for the world?
What can I do to better my finance in the new year, irrespective of what inflation, interest rates and weakened Naira buying power say?
How can I ensure my family stands a chance?
These are worrisome trends no doubt. What can you do to give yourself and your family good hope and better chance for the new year and probably beyond?
AzĂ Hub recommends the following 3 strategies as necessary best steps that could guarantee a near-safe new year talking of personal finance in a tougher economic climate:
1. Proper Budgeting
2. Clearing Debts
3. Mandatory Savings+
Lets take them one after the other. and see how they each contribute to a saner personal finance even when earning more money becomes literally harder or even impossible.
1. BUDGETING
Would you rather leave your finance to chance? Or would you rather be the boss of your life calling all the shots? I recommend the latter.
Many things, planned or unplanned, are ready to dry up your paycheck. Would you let just anything succeed at that?
I say NO! Heck no!
I want to be in charge. If I sacrifice my sweat, energy, precious time and life to make some money, I need to know how that money goes. I must work with a budget.
Dear reader, that's just it. Say these words to yourself and act today.
You need to work with a budget each month. This means self empowerment.
Budgeting is easy, but it will still be very hard when you're not committed to.it.
Budgeting will help you checkmate unplanned spending, it will help you minimise cost, and help you apportion your limited resources (money) to your unlimited needs such that the most important ones are surely catered to.
You wouldn't want to finish your monthly salary only to remember later that you forgot to buy cooking gas for the kitchen, while you have favoured purchase of extra bed for afternoon naps instead. Misplaced priorities I must say.
That's what Budgeting can avert.
Budget now. AzĂ Hub has many resources available to help you master the art of Budgeting.
Stay tuned.
2. CLEAR DEBTS
As it is popularly said, a debtor is a slave to the creditor for as long as he owes.
Do you want to have your life back? Get rid of those debts. You'd be rescuing your family.
Are they that much? Don't worry, whatever has a beginning must surely have an end. Let AzĂ Hub help you get your life back.
You need to get out of Debt, at least let every action take you closer to the end of debt, not deeper into more, more debts.
That's one of the great gains of financial literacy.
Your financial choices, decisions, and actions: are they dipping you deeper into problems, or taking you closer to end of the tunnel?
Stay tuned.
3. SAVING PLUS
Saving is saving. But the plus was added strategically by AzĂ Hub to encompass even merely saving money but to include how you keep the saved money.
Your emergency savings or minimum 10% monthly savings: are they depreciating in value in a worthless savings account in an old, complacent big bank? Or a major part is strategically working to make more money?
However hard the economy is, you must ensure you save.
These and more personal finance tips are offered by AzĂ Hub (azaland.com).
And yes, their purposes are to help you and your family better your finances.
In the new year 2024, irrespective of the forecast of doom we see as far as the economy and global finance are concerned, you and your family can stand a chance.
That would be to our joy.
(C) azaland.com
Yours truly,
Jared
AzĂ Hub
