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  You are probably juggling multiple responsibilities at the same time - getting a degree, succeeding in your career, making money, and being a young Nigerian in Nigeria. Therefore, keeping track of your cash flow, budgeting, saving, investing, and setting up a financial plan will sound intimidating.  But not to worry, you are not alone.    Financial literacy is a problem for young adults  across the globe .  According to a 2018 study, only 22% of 18 to 24-year-olds are financially savvy. But if you’re reading this article, it means you’re willing to develop your financial literacy and find better ways to manage your money.    And that’s awesome!    The key to happy and healthy finances lies in managing them effectively. Thankfully, there are plenty of resources for people who want to stay on top of their financial game. Below are some personal finance apps to help you get started as a young Nigerian.   What is a Personal Finance App? A personal finance app is a software or application

  Modern-day marketing and eCommerce platforms make it almost impossible to avoid impulse buying. Everything from social media ads to advertisements to digital shopping platforms employ  strategies to entice your shopping instincts.   In fact, many businesses thrive because of their ability to incite impulse buying on consumers.    Impulse buying may seem harmless, however, it could have a serious impact on your financial future. Most people who struggle with impulse shopping tend to ignore their budget. In many cases, this ends up being a bad decision for several reasons.   Imagine splurging your savings on items you don't need just because they were on sale? Only to go into debt the next week because you borrowed to sort out an emergency. Pathetic, right?   That being said, If you struggle with purchasing items you don’t need, there are some simple ways you can break the cycle and spend your money wisely. Below are six tips to help you stop impulse buying and break your compulsio

  For businesses that make regular payments, streamlining these practices can help you cut back on expenses and save you time and money wherever possible. That’s where mass payout comes in. Mass payout is a payment process that can help you manage your company’s cash flow, reduce your tax burden, and lower your monthly expenses.   Mass payments are one way to take control of your company’s finances when used effectively. However, choosing the right mass payment solution for your business can be daunting.     In this article, we will explore 5 mass payout solutions in Africa that can help your business reduce operating costs. And the best tips to look out for before choosing a mass payout solution.    But first…     What are Mass Payouts? Mass payouts (Mass Payment/Bulk Payment) is a concept that allows you to make large sum payments in a single batch. Essentially, it’s any system for distributing high-volume payments to multiple recipients, in multiple currencies. A mass payout can be

  We all love doing things seamlessly - like shopping online, booking appointments, bill payment, including sending money across the globe.      But when it comes to moving money internationally, it doesn't always come easy. International money transfers are mostly saddled with high exchange rates, delayed transactions, too many paperwork, to mention but a few.    And for individuals and businesses in Uganda, the story is not any different.    Challenges of Cross-border Payments in Uganda Uganda is one of the top ten recipients of remittances in Sub-Saharan Africa. Many Ugandan families still depend on their diaspora-based relatives for food, housing, healthcare, tuition, savings, investments, etc.    However, a recent report from May Migration and Development Brief shows that remittance to Uganda declined by   26% after the Pandemic  One major reason for this decline is the limited availability of cross-border payment services in the country.    On the other hand, the Internationa