Money Saving Ideas

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clip 9 best ways to grow your savings
January 01, 2019, 06:55:09 PM by Isaac Adeniran
9 best ways  to grow your savings

When it comes to money, setting New Year’s resolutions for yourself is easy, but committing to and following through with those resolutions is a completely different story. This is why it is important to set realistic and achievable financial goals for yourself.

There is hardly a quicker way to shove those New Year’s resolutions aside than to realise that they are unattainable or that you have set the bar so high that only Warren Buffett himself could achieve them. That being said, here are a few ideas for money-saving New Year’s resolutions that are set to reasonable levels and thus promote continued progress throughout the year, according to

Become debt-free

Let us start with the big one first – freeing yourself from debt. Whether this is a realistic and attainable goal is really dependant upon your financial and debt situation. How heavily you are in debt, what type of debt you hold (credit, car loan, mortgage, etc.), your income level, and the interest rates pertaining to your debt can all play into how quickly or how successful you are in becoming debt free.

It is often important to start with reducing credit card debt first since it will likely have the highest interest rate. Smaller debts amounts are also good spots to begin so that you build a little confidence by crossing them off your debt list, leaving you to focus on more problematic debt issues.

clip How couples can manage family finance effectively
November 02, 2018, 04:31:02 PM by abejoye
How couples can manage family finance effectively

Apart from infidelity, perennial difficulty in having a child, dismal sexual experience, poor communication, abuse, unrealised expectations (frustration), incompatibility and strange habits, financial concern is one other important factor that causes problems in many homes.

In some customary courts across the country, there have been instances where marriages have been dissolved, for peace to reign, owing to couples’ inability to manage their finances.

In some homes, the lack or insufficiency of it could be an issue, while in some other instances, the money is available but couples still find it difficult to find a middle ground for there to be peace.

clip How To Save 50% Or More Of Your Income
July 08, 2018, 03:39:28 PM by Isaac Adeniran
How To Save 50% Or More Of Your Income

Here are different ways to save 50% or more of your income:

Make more money so that you can save half your income each month.

Making more money can really help you reach an income percentage goal of over 50%. This is because there is usually only so much money you can save, but the amount of money you can make is endless.

You could work a part-time job, a full-time job, multiple jobs, start a business, freelance, and so on. You could also search for passive income and bring in more money with minimal effort.

Lower your budget so that you can save half your income each month.

Okay, one of the reasons for why I am able to save so much money each month is because of the amount of money I make. I am not going to try to hide that.

However, just because you make less money does not mean that you can't save money as well.

The person who I mentioned above who saves 85% of their income makes around $3,000 a month. Yes, so that means they spend $450 a month. I know this isn't possible for everyone, but if this person can cut their budget then I'm sure others can save more than 20% of their income.

There are many different expenses that you can probably cut out of your budget or at least lower. Just because you are lowering your budget doesn't mean that you are going to hate life.

Some expenses you can lower or ways to save money include the below. Like I said, everything isn't for everyone, but even a small change can help you out.

    Lower your cell phone bill. Instead of paying the $150 or more that you spend on your cell phone bill, there are companies out there like Republic Wireless that offer cell phone service starting at $5. YES, I SAID $5! If you use my Republic Wireless affiliate link, you can change your life and start saving thousands of dollars a year on your cell phone service. I created a full review on Republic Wireless as well if you are interested in hearing more. I've been using them for over a year and they are great.
    ATM fees. Why do people do this to themselves?
    TV. Cut your cable, satellite, etc. Even go as far to go without Netflix or Hulu. Buy a digital antenna and enjoy free TV – this is what we do!
    Sign up for a website like Ebates where you can earn CASH BACK for just spending like how you normally would online. The service is free too! Plus, when you sign up through my link, you also receive a free $10 gift card bonus to Macys, Walmart, Target, or Kohls!
    Restaurant spending. Start eating at home more! Become an amazing at-home chef and make your family love your new found skills 🙂
    Bring your lunch to work. When I had my day job, I always brought my lunch. This was to save money, but also because I hated wasting most of my lunch hour driving somewhere to get food.
    Cut your travel budget. There are plenty of ways to travel on a budget. One way is to start earning credit card rewards.
    Use a programmable thermostat so that you can heat and cool your home efficiently and more affordably.
    Pay bills on time. The goal here is to try to avoid any late fees.
    Shop around for insurance. This includes health insurance, car insurance, life insurance, home insurance and so on. Insurance pricing can vary significantly from one company to the next. When we were shopping for car insurance last, we found that our old company wanted something like $205 to insure one car for one month, whereas the new company we have now charges $50 a month for the same exact coverage. INSANE!
    Save money on food. I recently joined $5 Meal Plan in order to help me eat at home more and cut my food spending. It’s only $5 a month (the first four weeks are free too) and you get meal plans sent straight to you along with the exact shopping list you need in order to create the meals. Each meal costs around $2 per person or less. This allows you to save time because you won’t have to meal plan anymore, and it will save you money as well!
    Fuel savings. Combine your car trips, drive more efficiently, get a fuel efficient car, etc.
    Trade in your car for a cheaper one. For us, we are car people. Cars are one of our splurges. However, if you only have a nice car to keep up with the Joneses, then you might want to get rid of it and get something that makes more sense.
    Live in a cheaper home. I'm not saying you need to go live in a box, but if you live in a McMansion then you may want to think about a smaller home. This way you can save money on utility bills and your mortgage payment.
    Learn to have more frugal fun. We don't spend anywhere near the same amount of money on entertainment as we used to. There are plenty of ways to have frugal fun.
    DIY certain projects. I recently did a post about DIY wedding ideas and whether they were worth it or not. Read it! 🙂
    I highly recommend that you check out Personal Capital (a free service) if you are interested in gaining control of your financial situation. Personal Capital is very similar to, but 100 times better as it allows you to gain control of your investment and retirement accounts, whereas does not. Personal Capital allows you to aggregate your financial accounts so that you can easily see your financial situation, your cash flow, detailed graphs, and more. You can connect accounts such as your mortgage, bank accounts, credit card accounts, investment accounts, retirement accounts, and more, and it is FREE.
    Look for coupon codes. I search for coupon codes for everything. Today, I have two for you. I have a $25 Airbnb coupon code and a free taxi ride with Uber. Both are great services that I have personally used.
clip How to trick yourself into saving money.
July 08, 2018, 02:33:19 PM by Isaac Adeniran

How to trick yourself into saving money.

9 Actions To Take To Trick Yourself Into Saving Money

Find out how to trick yourself into saving money.
Everyone wants to save money, right?

For most, saving money is easier said than done though. Considering that the average person is saving less than they want to, many probably need to be more creative with how they go about saving money.

By tricking yourself into saving money, you may be able to get yourself out of the financial rut you are in and start improving your financial situation.

No matter how great you are at saving money, by taking part in some of the tactics below you may be able to save even more. I’m not the greatest when it comes to saving, so I often have to be a little creative so that I don’t fall off track too often.

Whether you are just trying to save more money in general or if you have your heart set on a certain purchase, below are my tips for saving money.

1. Pay yourself first.

The very first thing you should think about doing if you want to learn how to save money by tricking yourself is to pay yourself first.

Each time you receive a paycheck, you should put a certain amount directly in savings first. Treating savings as though it’s another bill instead of just saving whatever you have left at the end of the month can help you save more money. This is because you will have less money to work with each month and you will think about each purchase you make a little more carefully.

2. Wait to make a purchase.

Before you buy something, you may want to think about it for a day or two, or even longer. This can help prevent any second guesses that you may have if you instead jumped on a purchase too quickly. If you don’t think you can bring yourself to not buy something, you may also think about leaving your wallet at home when you go shopping so that you are forced to think about any purchases you want to make.

You could use this trick when thinking about buying a particular article of clothing, a new car, and so on. By waiting to make a purchase you will most likely eliminate a lot of unneeded spending.

I do this nearly every time I want to buy something that I didn’t originally plan for. Whenever I take part in this trick, I usually never go back for the item! This is partly due to laziness, but that’s still good for me.

3. Save your change.

Even though I don’t use cash a lot, I still like to keep my change when I can. Whenever you receive change after making a purchase, put it into a coin jar and cash it out once it’s full.

If you don’t usually pay with cash, you can always see if your bank will round up your purchases. Many banks do this nowadays and you may be able to save up a nice chunk of change without even realizing it.

Related tip: I recommend looking into Digit if you want to trick yourself into saving more money. Digit is a service that looks at your spending and transfers money to a savings account for you. Digit makes everything easy so that you can start saving money with very little effort.

4. Put a certain amount away each day or week.

If you find it hard to save money, then you may want to divide it into smaller amounts so that it can seem much more doable.

Different methods include:

    Save $1 (or $10 or whatever you want) each and every day. The small amount most likely won’t seem like much but by the end of the year you will have a little bit extra saved with little effort.
    Start by saving $52 a week and keep going until the very last week when you only have to save $1. By doing this, you will save around $1,400 in one year and it only gets easier as each week passes!

5. Stick to cash.

Cash allows many to save more money. This is because it’s tangible and you actually have to give up your money when you spend it, unlike with a credit or debit card.

If you are having a hard time and want to learn how to save money, then you may want to stick to an all-cash budget and see if that works better for you. This means taking out a certain amount of cash for food, gas, and so on each month.

This can also be applied to the “envelope” method where you can only spend the exact amount or less in cash that you take out of your bank account each month. This way you can actually watch how much money you have left over dwindle away so that you analyze each purchase.

6. Set an allowance.

Each month, Wes and I each receive an “allowance.” We set aside a certain amount of money each month that we can spend on ourselves. This way we don’t feel bad about spending money on ourselves and also so that we can stay within a realistic budget that stays the same month after month.

This tactic helps keep us in line and it also helps us scrutinize what we spend money on since we have a limited amount to spend each month. I also feel that it helps us appreciate what we buy since we have to think harder about what is worth it and what is not to us.

7. Pocket your raises.

Next time you are given a raise at work, you may want to skip the lifestyle inflation that may go along with it and save your raise instead each time you get paid. You most likely won’t miss the money anyways, so why not just save it?

8. Make extra money.

This one goes along with #7 above. Each time you make extra money, you may want to try saving the full amount you make each time. It may not be money that you miss anyways, so instead of spending it on something you do not need, instead build up your savings account (or pay off your debt).

By quickly transferring any extra money that you make, you prevent yourself from spending it.
9. Stay motivated.

Saving money isn’t easy for everyone. Eventually, many will get tired, go back to their old ways, and so on. In order to stay motivated, you may need to reward yourself.

You may decide to reward yourself in a monetary or non-monetary way.

An example of of monetarily rewarding yourself may include treating yourself to your favorite tea from a local coffee shop after you save a certain amount of money. It’s a small purchase so it most likely will not derail you, but it can be a nice way to stay motivated. A non-monetary example may include doing whatever it is that you want to do that you may not have been able to squeeze time in for lately.

Do you know how to save money? Do you have to trick yourself into saving money? Why or why not?
Click reply and post it
clip Hackers steal $30m from bitcoin exchange
June 20, 2018, 01:47:38 AM by Isaac Adeniran
Hackers steal $30m from bitcoin exchange

Hackers stole more than $30 million worth of cryptocurrencies from South Korea’s top bitcoin exchange, sending the unit’s price falling around the world on Wednesday.

The virtual currency was priced at $6,442 dollars late afternoon in Seoul, down about 4.4 percent from 24 hours earlier, after the latest attack on Bithumb raised concerns over cryptocurrency security.

Hyper-wired South Korea has emerged as a hotbed of trading in virtual units, at one point accounting for some 20 percent of global bitcoin transactions — about 10 times the country’s share of the global economy.

Bithumb, which has more than 1 million customers, is the largest virtual currency exchange in the South.

“It has been confirmed that virtual currencies worth 35 billion won ($32 million) was stolen through late night yesterday (Tuesday) to early morning today,” the exchange said in a statement.

All deposits and withdrawals were suspended indefinitely to “ensure security”, it said, adding the losses would be covered from the firm’s own reserves.

It was the second major attack on South Korean virtual currency exchanges in just 10 days, after hackers stole 40 billion won from Seoul-based Coinrail, which suspended withdrawal and deposits services since then.

Hackers steal $30m from bitcoin exchange
clip How to manage family expenditure
June 17, 2018, 05:35:23 AM by Isaac Adeniran

How to manage family expenditure

If you notice that your family expenditure is increasing, you need to deal with it immediately. Find out what steps to take

Track your spending habit

There are cuurently several free programmes online for tracking how you spend your money. Some of them offer great budgeting tools that categorise all of the income and expenses coming into and out of your account. This will allow you to see trends and note when you are spending a little more in a category than you would ideally like.

Set a realistic budget

Budgets can be tricky; so, set one that you can be comfortable with. Take your new knowledge from tracking your spending habit and map out expense categories such as rent, mortgage, utilities, entertainment and groceries. Look for areas where you think you could possibly cut back to increase the amount of money going into investments and/or savings.

Think of the long as well as the short term

A week-to-week or month-to-month planning is necessary. However, planning ahead for emergencies, down payments for cars, improvements to your home, etc. is absolutely essential. Consider having your paychecks split into multiple accounts to ensure that you are putting money aside for the long term.

Get the whole family on board

Being the enforcer of a budget is a tough job, especially when it comes to things like eating out. It can be easy to just run through a fast food restaurant when you’re tired and the kids are hungry. Instead, though, give them the option to help choose the menu for dinners. Having their buy-in on decisions like these will make your job less difficult.

How to manage family expenditure
clip Multi-Fund Structure from National Pension Commission
May 25, 2018, 02:23:30 AM by Isaac Adeniran
Frequently Asked Questions

Multi-Fund Structure (New)
The National Pension Commission (“PenCom”) recently published/released the Amended Regulation on Investment of Pension Fund Assets for the Pension Industry. The new investment guideline introduces a multi-fund structure, which would replace the “one size fits all” structure that puts all active contributors into one Retirement Savings Account (“RSA”) Fund without consideration for age or risk profile of such contributors.

What is the multi-fund structure?

The Multi-Fund structure is a framework that aims to align the age and risk profile of RSA holders by dividing the RSA Fund into four distinct Funds. The current RSA Fund will be sub-divided into three separate Funds, while the RSA Retirees Fund would be the 4th Fund.

What is the difference between the 4 Funds?

The respective funds differ based on their overall exposure to variable income instruments such as equities (that is, Ordinary Shares) and the age profile of the members.

Fund Type

Exposure to Variable Investment Instruments


Fund I

20% to 75% of Portfolio

Strictly based on request but not accessible to Retiree and active contributors of 50 years and above.

Fund II

10% to 55% of Portfolio

Default for active contributors of 49 years and below
Fund III

5% to 20% of Portfolio

Default for active contributors of 50 years and above

Fund IV

0% to 10% of Portfolio

Strictly for Retirees



clip 9 Money Saving Tips to Ramp up your Savings
May 17, 2018, 08:14:59 PM by Isaac Adeniran

9 Money Saving Tips to Ramp up your Savings

1. Find a “Go-To” Gift

Coming up with awesome & cheap gift ideas is always a challenge for my wife and I. We either forget to buy something ahead of time or we struggle to find a decent gift that we can afford. I highly recommend coming up a couple of “go-to” gifts that won’t break the bank, but will impress the one receiving it.

2. Understand the Healthcare System

This money saving tip comes from one of my new favorite bloggers, RogueMD.


RogueMD“Once you understand why a system penalizes certain behaviors, you can make the system work for you.  The US healthcare system isn’t designed to help you improve your health.  Once you understand how and why it penalizes you, you can use it to make yourself healthier and more financially prosperous.”

The Financial Folly of the U.S. Healthcare System

3. Cheap / Free Exercise

You don’t have to have an expensive gym membership to get and stay in shape. All it takes is discipline and a willingness to think outside of the box. Spend some time outdoors, go on walks, get a bike, or start a frisbee group.

If you have the space, look on Craigslist and see what it would take to set up a home gym of your own. Warning though, the home gym fanatics I know never hit the point where they have all that they need.

4. Cheap / Free Entertainment

Entertainment doesn’t have to be expensive, but it might take some creativity to come up with ideas to do it for cheap or free. And you may have to convince others to join you.

Here are 2 articles with some ideas to get you going:
clip 11 Ways to Save Money on Education
May 17, 2018, 08:12:00 PM by Isaac Adeniran
11 Ways to Save Money on Education

1. Borrowing / Renting Books

Next to tuition, buying textbooks every semester is usually the biggest education specific expense. There are plenty of ways to save money on book expenses and the only cost to you is convenience. This alone can save you hundreds a year.

    Check out books from your school’s library
    Buy used from older students
    Rent from and save up to 90% on textbook costs

What’s awesome about Chegg is that you can also sell back the textbooks you already own!

2. Kindle Books

Another way to save money on books is by buying books for Kindle. These are usually WAY cheaper than buying the exact same book in hard copy. The only up-front cost is the kindle itself, but you’ll after just one semester you’ll have saved more than the kindle cost.

3. School Scholarships

You might be amazed at just how few of your classmates actually take the time to apply for scholarships at your school. Nearly every school (public, private, undergraduate, graduate, etc.) offer merit-based and need-based scholarships.

How to Get Scholarships in 3 Steps

4. Outside Scholarships

If you’re like me, you probably get emails every week from some spammy scholarship website. Those emails might be annoying, but there are millions of dollars in scholarship money available if you are willing to put in the time to apply.

The hardest part in getting money from outside scholarships is finding the ones you qualify for and have the best shot at getting.

Pro-Tip: Email your financial aid or scholarship office and ask if they have a list of outside scholarships they recommend.

5. “Good Student Discount” for Car Insurance

Most car insurance providers offer a “good student” discount, so if you’ve got the grades, typically an A or B average, then log in to your insurance provider, click over to discounts, and check the box.
clip 8 Tips to Save Money on Transportation
May 17, 2018, 08:09:53 PM by Isaac Adeniran

8 Tips  to Save Money on Transportation

1. Become a One-Car Family

This might be on the more extreme side, but only having one car can be a huge money saver! Think about all the costs that add up and imagine your budget without them.

Dave, Married with Money
Dave, Married with Money“When you’re in the ‘trimming’ phase, scrutinize your expenses until it hurts. We went down to one car over a year and a half ago. We thought it’d be painful – and at times it’s inconvenient – but it’s surprisingly easier to manage than we’d thought. In addition to not having to fork over money for the car, we also save a ton of insurance, maintenance, and gas. It’s crazy what you think you need but can get by without.”
2. Buying Cars: Don’t Budget Around Your Monthly Payment

If you do go out to buy a used car, then you want to be prepared to negotiate. One of the killer tactics that car salesmen use is to distract you from the total price tag by turning your attention to the monthly payment.

Stick to your budget and don’t let the salesmen distract you with the monthly payment. A $10 increase in your monthly payment over a 5 year loan will end up costing you nearly a thousand bucks.

4. Slow Down Your Driving

Driving fast 1) costs money and 2) rarely gets you anywhere quicker. As soon as you cross 50 MPH, every additional 5 MPH will basically cost you an extra 18 cents per gallon.
126. Clean or Change Out Your Car’s Air Filter

Changing out your air filter will help your car system to run more efficiently. Saving you money in gas and repairs over time.
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