Mitigation officer at the National Investment Bank,(NIB) Mr. Eben Hunsu Nobiga has outlined 7 strategies’ that can help an individual survive financially no matter the economic crises.
Speaking on YENDWUMA last Saturday 14th January 2023 on Ahotor 92.3FM with Ahma Baidoo, Mr. Nobiga said,
Putting up a budget is the first action, then also very important for every individual to have plan for his or her income no matter the amount they receive as salary or gift.
“Pay your tight to avoid hardships in fact is the first thing you must do before you separate your income” He said.
He added that, one must avoid impulse buying. According to him, most individuals are not able to meet their target for the year because they do not stay in plan but buy anything they see.
He also mentioned essentials like rent, light bill, water bill and others be taken serious ,because they can put you to shame. And the need to keep focus at it.
Finalizing his point he spoke on savings, “you need to prepare for a rainy day and that is saving, most reliably with the bank though Momo and Susu box also helps “he said.
He then called on parent to control the demands of their children, and stick to the 50, 30, 20 strategy which comes with one’s needs, wants and other things like entertainment.
Story by: Ama Baidoo / Ahotoronline.com
