Balling On A Budget!


Being financially responsible doesn’t have to be boring!Let’s be real, no one works hard, day in day out, endures Lagos traffic, bills, bills and more bills so they can suffer! We work hard so that we can enjoy the nice things life has to offer. ‘Who no like better thing’ but sometimes we go about it the wrong way because we have an abusive relationship with money.


Smart Money Goals….

I will earn my wealth



We all say we want to be wealthy but what steps are we taking to make it happen?

Start your week by setting some financial goals!

Make a decision to spend less than you make and invest the rest ( aim to spend a maximum of 70% of your income and invest 30%)

What are your long-term goals? ( Invest 20% of your income towards it every month)

What are your short term goals? ( Invest 10% of your income towards it every month)

If you don’t set goals and map out a plan to achieve those goals… being wealthy is just a wish!

Smart Money Tip : Change Your Money Mentality

N10 meme


Just like in life… you can’t afford to wait for perfect conditions to start saving and investing… waiting to have more money, a better job, fewer responsibilities is a waste of your time…

Time is money! So even if that money is N 10,000 a month, as long as you are consistently putting aside a proportion of your income towards savings + investments… financial freedom is in your future. If investing is a part of your lifestyle when you have less, it’ll definitely be a part of your lifestyle when your earning power improves.

So if you can’t save or invest when you have N10 …you won’t save or invest when you have N10 million.

The Debt Conundrum!

A padlock and chain around a wallet 

‘Neither a borrower or lender be’ – Shakespeare

We’ve all been there! You lend money to a friend who is supposedly in ‘need’ and you get burnt! Their attitude becomes so belligerent that you start to believe the saying that ‘no good deed goes unpunished’.  Then somewhere down the line you are caught in the same situation and another friend asks to borrow money, you are torn between your need to ‘help’ and be considered a good person and the fear that you may never get your money back.

So as I got older and the financial responsibility of being an adult got real, I realized that there is an opportunity cost for every naira I spend. Therefore I had to think carefully about lending money that I may never get back. So I developed a new policy.


Stay In Your Lane

I heard the most intriguing story this weekend that made me question the impact social media has on our finances.

Sade: I need a favor. Please can I borrow N200, 000? I’ll pay you back with interest in 2 months.
Tolu: What do you need the money for?
Sade: Remember the Celine bag (N484, 000) I bought in February? I borrowed some of the money from Ngozi. Now she’s hounding me everyday. I need the money to pay her back.
Tolu: Why did you buy the bag if you can’t afford it?
Sade: Abeg don’t insult me o! Who told you I can’t afford it? I saw Lara’s blue one on Instagram in December. We are the same age, we are both working. So what makes you think she can afford it and I can’t?
Tolu: Look at you! Be following Lara! Don’t you know she’s an ‘Aristo’ girl.

Something is wrong with this picture, no?


A Chanel Bag Versus Stock Portfolio

There is a huge debate surrounding the fact that this generation lives above their means. We have a spending culture that surpasses the realization that we need to invest some of our earnings. We’ve all heard the stories; the girl with a Chanel bag collection to rival Winonah  De Jong’s, but squats in her cousin’s house because she has nowhere to live; or the guy that drives a GL 550 but can’t afford the petrol to put in it. These stories may sound absurd but they are a reflection of the misplaced priorities in our society.

Most of us were raised to work hard, be frugal with our spending and save for a rainy day but I’ll just say what we are all thinking in the back of our minds…what if the rainy day never comes? The reality is, this is the ‘YOLO’ generation; we live for instant gratification. So how do we bridge the gap between our parents’ philosophy and our love for the finer things? Simple answer: moderation and planning.

I LOVE Chanel bags and trips to Europe, as much as the next person but I also have financial goals that demand that I invest today if I want to ‘Ball’ tomorrow. I am a proud advocate of living the good life and I don’t believe in shaming people for liking the things that make them happy but there’s also no point in accumulating designer bags with no assets to match my spending. It’s not about living like a hermit but about striking a balance, knowing the difference between what you want versus what you can afford over a period of time.

What if you could have it all?