4 Money Habits To Include In Your New Year Resolution

January 8, 2020

All your life you have struggled with saving money and being financially independent? Every year, you make resolutions to improve but you give up midway and revert to your old ways. If this sounds like you worry no more, we have four not so difficult steps to guide you on the road to monetary freedom.

1. Learn to budget

If there is one thing you should include in your plans this year, it is tracking every single kobo you spend. Every single naira that goes in and out of your wallet should be audited and accounted for. No free money this year(wails in black tax). Anyone that needs money should call three months ahead so they can be included in your budget. Unplanned expenses are the single greatest source of financial disasters. Congregation, can I hear you say no impulse buying this year?

*Suddenly not so proficient in excel*

2. There is no passive income!

Any talent you can monetize, this is the year. From cooking to writing, and occasionally sleeping with other people – put a price tag on it! Seriously, think about any skill you currently offer for free and improve on it so you can make it a proper side hustle. One of the ways to achieve financial mobility is to increase your income.

*Addicted to cash*

3. Have an incase Nigeria goes to hell funds

If you can afford to (no responsibilities or absence of black tax), you should start to have a rainy day fund. If you earn enough to afford it, you should put away some percentage of your salary as an emergency fund because life is weird. Apart from your savings or investments, this is a good way to prevent unplanned expenses from resetting you back to brokeness land (I have been there and back I can show you vouchers).

4. There is always rice at home

The difference something as little as cooking your own food makes is enormous. Packing food to work can help you track your expenses and see what you spend money on outside of food. Also, learning to say no to the extra demands of owambe will greatly improve your financial outlook. Anything that is not important should be reviewed and immediately removed (Especially that gym subscription. We all know that summer body doesn’t count in heaven).

*Chicken Republic who?*

To make all of this work, a hack is to learn to forgive yourself. If you slip, take it as a bad day, and attack your goals with renewed vigor the next day.

Hassan Yahaya

Join The Conversation

Bring a friend.

You'll like this

January 27, 2020

Yesterday, we were shocked by news of the passing of basketball legend, Kobe Bryant. Many media outlets broke the story with an air crash indicated as the cause of his demise. While basketball is not as popular as football in Nigeria, there are some ardent supporters of the game here. To celebrate the life of […]

Watch

Now on Zikoko

Recommended Quizzes

January 2, 2020

Do you have even a single romantic bone in your body? Well, if you’re not sure about just how sweet and thoughtful you can be to someone you love, that’s what this quiz is here to answer. 11 Quizzes For Nigerians Who Are Ready To Marry  Are you ready to marry? Take these quizzes.

December 3, 2019

Are you a professional Yoruba demon? Are you walking around in search of whose life you can wreck at any given time? Well, this quiz knows exactly how many hearts you’ve shattered to date, and before you lie that your result is inaccurate, just remember that Zikoko is never wrong. Now, take it and be […]

November 20, 2019

Last month, we thoughtfully made a quiz telling you guys exactly when you’ll marry, but some of you claimed that your spouse was nowhere to be found. Well, now we’ve created one that’ll tell you exactly who you’ll be dragging down that aisle. Take and start planning that wedding: 11 Quizzes For Nigerians Who Are […]

More from General

August 27, 2021

Nigeria’s leading dishwashing liquid, Morning Fresh, has unveiled Tolani Tayo-Osikoya, a successful Chef, Food Blogger and Owner of Diary of a Kitchen Lover, as its new brand ambassador.  Prior to the unveil, Tolani had been sharing the inspiring story of her journey on her social media platforms, reassuring Nigerians that dreams are valid even in […]

August 5, 2021

When it comes to games night ideas you can play with friends, it is best to consider the people you’ll be inviting so you can choose games that each person will enjoy. Not every time truth or dare, or never have I ever. Here are 8 game night ideas you can play with your friends. […]

July 15, 2021

The University authorities released a statement addressing the rise of Covid-19 cases in UNILAG on Tuesday after this tweet was made. Huh ??? Covid outbreak in Unilag  ??? https://t.co/LbH5Xv3nM7 – Jahmal (@JahmalUsen) July 12. 2021 The statement reads, Read more here. School activities were going on as normal, even after several Covid-19 positive students were […]

July 15, 2021

What do you do before you breakup with someone? Well, you should try out any of these seven things. 1) Eat A hungry man is an angry man. So sometimes the reason you want to break up with your partner is because you’ve not had some good food in a while. Before you type that […]

Watch

Trending Videos

Zikoko Originals

December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.
March 12, 2020
Life is already hard. Deciding where to eat and get the best lifestyle experiences, isn't something you should stress about. Let VRSUS do that for you.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.
X