• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, June 4, 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

tinubu

MIDTERM REPORT: Economy Progresses In Policies, Challenged In Implementation

4 days ago
From Curiosity To Impact: How TEXEM’s May 2025 Programme Sparked Strategic Leadership For Digital Age

From Curiosity To Impact: How TEXEM’s May 2025 Programme Sparked Strategic Leadership For Digital Age

5 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



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

tinubu
Feature

MIDTERM REPORT: Economy Progresses In Policies, Challenged In Implementation

2025/05/31
From Curiosity To Impact: How TEXEM’s May 2025 Programme Sparked Strategic Leadership For Digital Age
Feature

From Curiosity To Impact: How TEXEM’s May 2025 Programme Sparked Strategic Leadership For Digital Age

2025/05/30
Asian Banker Awards: FirstBank Maintains Dominance In SME Banking Across Nigeria, Africa
Feature

Another Milestone As FirstBank’s Agent Credit Scheme Disburses N1bn In 1 Day

2025/05/30
Turning Events Into Income: Profiting From Party Equipment Rental Business
Feature

Turning Events Into Income: Profiting From Party Equipment Rental Business

2025/05/30
Marthe Myolle Lauzandier (Byenblanllc)
Feature

Marthe Myolle Lauzandier (Byenblanllc)

2025/05/27
Rape: A Raging Menace In Ekiti
Feature

Rape: A Raging Menace In Ekiti

2025/05/25
Leadership Conference advertisement

LATEST

Nigerian MSMEs Benefit From Access Bank, Mastercard, LCCI Partnership

World Milk Day: Peak Reinforces Commitment To Quality Nutrition

AC Milan Eye Onyedika

NSF: First Bank Restates Commitment To Youth Engagement Through Sports

Osimhen Is Best Striker In The World – Chelle

2025 Ballon d’Or Is Out Of My Reach – Yamal

Brentford Goalkeeper Flekken Joins Leverkusen

UK Govt Plans Legal Action Against Abramovich To Recover £2.5bn From Chelsea Sale

Fernandes Rejects Saudi Move To Stay At Man Utd

French Open: Sabalenka To Battle Swiatek In Blockbuster Semi-final

© 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.