Kuewumi Bolu
Life on campus could be exciting; filled with different experiences and vital opportunities. As a student, it's easy to get caught up in the present academic pursuit and different social activities. In this sense, it's advisable that there should be room for the development of good financial habits that would help achieve the stipulated goals set for your academic and social activities. It is, at an early stage, crucial to develop good habits of financial management and wise spending. Some students may not prioritise saving money but it undoubtedly prepares one for a secure financial future.
The fact cannot be ruled out that unexpected expenses can arise at any time. In fact, you may be thinking right now: 'na person wey get money go save' meaning, a savings account is meant for a person with good financial status'. A few questions may even pop up in your mind: why should I save when I've not started to earn? How can a broke person save? And among other important and understandable questions.
Well, there is the principle of 'pay yourself first'. When you get allawee from your parents, relatives, friends, and colleagues, irrespective of the amount, you may consider applying the principle of 'pay yourself first'. This principle works by saving a decent bit of whatever amount is given.
To consistently do this, you must be in full command of your emotions. If care is not taken, your untamed cravings and buying on impulse spurred from the emotive part of you can override any financial strategy.
Remember, you must be in full command of your emotions. You can start working on your mindset by reading books on this subject matter. Managing money is just a start. You must be disciplined to consistently apply the principle of 'pay yourself first' for financial freedom.
keeping to good financial habits is a lifelong process but the hardest part of the process is at the start and transformation of the mind. Wise spending is just common sense!
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