• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, June 27, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Planning Personal Budget To Boost Savings

by Olushola Bello
2 years ago
in Feature
Budget
Share on WhatsAppShare on FacebookShare on XTelegram

Having a planned budget is importance to individual not just government and corporate organisation in ensuring a balance expenses with income.

Advertisement

For some people, personal budget is a passionate hobby, while for others it is a daunting chore. Either way, personal budget is being able to track spending, and saving is crucial if we want to get out of debt and reach our financial goals.

A personal budget or home budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. Past spending and personal debt are considered when creating a personal budget. There are several methods and tools available for creating, using and adjusting a personal budget. For example, jobs are an income source, while bills and rent payments are expenses.

 

Importance Of Budgeting Having A Budget

RELATED

Reports Show The Evolution of Compassionate Use Programs

Reports Show The Evolution of Compassionate Use Programs

6 hours ago
TETFund: Boosting Labour Market Prospects For Varsity Graduates

Examining Echono’s 3-year Digital, Research-Driven Transformation At TETFund

2 days ago

The managing director/CEO of APT Securities and Funds Limited, Mallam Garba Kurfi, said: “in achieving the year goal and objectives we set for our self, we have have a budget. Our budget must be based on our source of income, salary, business, among others. Budgeting on finance we do not have will give challenge and at the end of the day we will not be able to achieve anything.”

He added that, “we must consider how much we earn and how much we intend to spend, what our objectives and priority are. We do not work on anticipating fund but on money we are sure we will earn during the year.

“We must priorities our needs maybe children schools, house rents, gifts to family, among others. When we have a budget, we must adhere strictly to it. It is not that when the money comes, we divert it to something else.

“People that set up clear objectives, achieve better result and perform better and excel among their peers or colleagues at working place. Planned budget gives the direction of our spending.”

According to Kurfi, a clear budget gives us what we intend to do or the project we intend to embark upon during the year. Budget makes us disciple and prudent in spending.

 

Building  A Healthy Budget

“Identifying our financial plans is key as this help our understand the purpose of the subsequent steps and provides us with direction when it comes to our money. Do we want to save up for a family holiday next summer, among others? We may have short-term, medium-term, and long-term financial goals. With these goals in hand, we will be motivated to budget, automate your savings, and stay away from debt.

“We should make Sure our goals are ‘SMART’ specific, measurable, attainable, realistic, and timely, this will lead us to success. We should get into the habit of budgeting.

We should track our spending as this goes hand in hand with budgeting, as if we are not watching where our money goes each month, we will have no idea if we are adhering to our budget or blowing through it,” he pointed out.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

I Didn’t Borrow $3m From Dozzy Oil, Ibeto Tells Rivers Court

Next Post

Police Investigate Murder Attempt On Sekibo

Olushola Bello

Olushola Bello

You May Like

Reports Show The Evolution of Compassionate Use Programs
Feature

Reports Show The Evolution of Compassionate Use Programs

2025/06/27
TETFund: Boosting Labour Market Prospects For Varsity Graduates
Feature

Examining Echono’s 3-year Digital, Research-Driven Transformation At TETFund

2025/06/26
NAGGW: Curbing Desertification Through Collaboration, Sensitisation
Feature

NAGGW: Curbing Desertification Through Collaboration, Sensitisation

2025/06/26
Governor Sanwo-Olu @ 60: Celebrating A Man Of Vision
Feature

Governor Sanwo-Olu @ 60: Celebrating A Man Of Vision

2025/06/25
No Toilets, No Safety: 1,300 Kano Pupils Face Health, Rape Risks At School
Feature

No Toilets, No Safety: 1,300 Kano Pupils Face Health, Rape Risks At School

2025/06/22
Ojude Oba: A Cultural Festival With Global Appeal
Feature

Ojude Oba: A Cultural Festival With Global Appeal

2025/06/21
Leadership Conference advertisement

LATEST

Reps Give CBN 2-week Ultimatum To Remit N3.64trn To Federal Gov’t

Sudan: Power Struggles Intensify Ahead Of Al-Tayeb Gov’t Announcement

Rivers Peace Deal: ‘Fubara Should Be Wary Of Wike, Storm Always Returns’, Deji Adeyanju Warns

Financial Expert Rallies Stakeholders Against Corporate Fraud

PICTORIAL: 1 Killed, Others Injured As Truck Rams Into Taraba Market

Babatunde Hails Elder Statesman Abegunde On 70th Birthday, Installation As Asiwaju Of Akure

Uplift Our Forebears’ Culture, Traditions, Olowu Urges Yoruba Monarchs

Trump Ends Trade Talks With Canada, Mulls Fresh Tarrifs

PICTORIAL: Remi Tinubu Hosts African First Ladies In Abuja

Nigerians Among 8,000 Entrepreneurs At QNET’s V-Malaysia 2025 Convention

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.