Financial Goals For Each Stage Of Your Life

As you advance in life, you experience different life stages that impact on your financial goals. These life stages are highlighted by major milestones like: graduating from university, your first job, starting a family, buying a house, career advancement, planning for your retirement, preparing a will and the inevitable death.

As you grow older, some of these financial goals will ring true:

In Your Twenties: you have probably just started building your career or business; you may be single and have few dependants. You may be considering some of these financial goals:

To reiterate our commitment to boost the small and medium enterprise (SME) segment of the Nigerian economy, we are supporting the Tech Cabal Battlefield competition for startup businesses by offering cash prizes to the winner and runner-up in the competition.

How To Kill A Business…Quickly!

One factor that differentiates one successful business from another is the ability to mitigate and exploit the effect of taxes and market information.

Several factors affect the survival of a business no matter how big or small. Some of these are within the control of the managers of the business and the others aren’t. Let us explore some of them:

Setting achievable goals for 2014

With January almost over, you may have taken the time to set goals and resolutions for the new year.

However, we all know that it is very easy to lose sight of our plans: the targets we set for ourselves may become less and less realistic, we could lose the interest and drive to continue and eventually, we can find that we have abandoned them completely.

The Top Posts of 2013

Last year, we launched this blog and have received a lot of feedback on how useful you have found it and what more to do.

We have shared posts on various topics from how to better manage personal finances, saving for your children to writing a business plan and with each post on this list getting well over a thousand reads, that tells us that you get a lot of value from it.

The posts below were the most popular posts throughout the year in ascending order:

20. Not too late to make financial resolutions

Charitable Giving This Season

We all identify with the end of the year as the season for glad tidings, reflection, thanksgiving and gifting.

There are many ways to give. You can donate provisions, clothes and other amenities to orphanages and other non-profits. If you prefer to do this more directly, you can identify an individual or a family in need and donate to them.

Another way to be charitable is to volunteer your time or skills to a cause. It could be a Christmas party for the sick, or at a skill acquisition centre etc.

These Are The Reasons Personal Budgets Often Fail

If you are into budgeting, you may have realized that creating a budget is the easiest thing to do. The most difficult task is sticking to it – truth is, no one ever does. At the end of the week, month or year (depending on how you plan your budget) you realize that you aren’t able to follow the budget to the letter and just throw in the towel.

How Much Of My Salary Should I Pay As Rent?

Finding an apartment anywhere in Nigeria that is within your budget can be difficult. One rule of thumb is to keep your rent well under one-third (1/3) of your income but an informal survey showed that most people try to keep rent expenditure under 10%, with varying levels of success.

According to the rule of thumb, if you take home N100, 000 every month after tax, pension and other deductions, 30% of that is N30, 000 monthly and by 12 that is N360, 000. Your rent should therefore be no more than N360, 000 annually. If it is more than that, you are living beyond your means.

How to Make Your Clothes Last Longer Without Spending Big

They say “clothes don't make the man”, but few people are seen without them. We know clothes cost a lot of money and you want them to last as long as possible. To protect your sartorial investments, we have some tips that can help you spend less on your wardrobe.

Our home on the web is getting a makeover!

Our website will be refreshed to give you a memorable experience. Our redesigned website will have a new layout to make navigation easier so that you can find product content and usable information easily.

We will also have tools to help make sure you can reach us easily.

We expect that the quality of your experience when interacting with the new website will be improved.

Please reach out to us with any feedback on Twitter: @StanbicIBTC or Facebook: fb.com/StanbicIBTC

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