Sunday, September 14, 2014
Moyesha Boudong may be a virtually unknown actress but the sexy and curvy Ghanaian starlet has vowed to storm the Nigerian movie industry and take over the scene.
The starlet who is also a model with few movies and TV shows to her credit, says she has all it takes to make it big in Nollywood and replace some of the big stars from her country like Yvonne Nelson, Juliet Ibrahim, Nadia Buari, Jackie Appiah and Yvonne Okoro.
The budding actress who says she can't wait to strut her stuff in Nollywood, admits that she has nothing else to show in her country of birth but that she has a lot to prove in Nollywood, and hence her decision to come over to Nigeria to show what she is made of
Sunday, September 7, 2014
Assessing your spending and saving habit.
Assessing your spending and saving habit
Are you a spender or a saver?
One of the reasons couples disagree about money kis that money means different things to each of them. For some people, money provides a sense of security, of being taken care of. This kind of person would tend to be cautious about spending money and would try hard to put money in the bank. For others, money provides a sense of freedom, they might exercise a more carefree attitude. Ofcourse, most of us fall somewhere in betweeen.
There is no right or wrong way to think about money, but it’s important to create a budget that works for both of them. The first step is to figure out where each each of you stands with respect to money .
Go through the following lists and decides what best describes you. If you’re a saver, you probably have some of the following traits.
• You can never have enough money in the bank.
• It’s a waste of money to order drinks in a restaurant. The water is free.
• You always keep your eyes on the time when making a long distance telephone call.
• Meeting the household budget is very important to you.
• It’s better to travel at an inconvenient time than spend extra money for an airplane ticket.
• You rarely buy a hardback version of a book. You wait for the paperback or go to the library.
• You try to buy everything on sale.
• You spend a lot of time planning for the future.
If you are a spender, you probably have some of the following traits.
• You usually buy whatever you need without much rgard for price.
• A lot of money in the bank is meaningless if you don’t let yourself spend it.
• Your convenience is usually more important than the cost of an airline ticket.
• When you’re eating out in the resturant, you order whatever you want on the menu.
• You would rather go over your household budget sometimes than have to constantly be thinking about money.
• You talk on phone long-distance without worrying about the time.
• You don’t wait for an item you want to be on sale.
• Life is to be enjoyed here and now.
Saver and spender combinatiion
Now, go through the spender and saver lists and determine which one best describes your spouse. Determine which combination of traits the two of you have.
a. One saver and one spender.
b. Two spenders.
c. Tow savers.
Each pair of traits will result in different sorts of disagreements. Just because both of you are spenders or savers mean you won’t have any money problems. The following sections will show you what to watch out for.
a. one saver and one spender
if one of you is a saver and one of you is a spender, you will probably have many disagreements about money. But you can also learn a lot from each other about enjoying life( on the other hand) and planning for the future( in the other). The person who is the spender might feel a sense of security being with someone who is more cautious about money. And the perso who is more restrained might be able to enjoy life more with someone who is more spontaneous about money.
Read the following lists to find out what can be expected in a saver-and-spender household.
“If you and your spouse view money differently, you can turn it into a positive experience. The spender can learn to have more fun”.
• You will probably have frequent squabbles about money.
• When the spender buys what he or she wants, the saver will feel resentful because he or she won’t indulge themselves in the same luxury.
• The spender will feel like his or her spouse is too controlling about money.
• The saver might secretly feel jealous that the spender can spend money so easily.
The spender might secretly feel secure, knowing that his or her spouse is careful about money.
b. Two spender.
In a household when both of you are spenders. You will still probably have some financial disagreements. Unless you have unlimited resources, you will also run out of money and run into trouble.
Anna and Franklyn both found it very easy to spend money.when they were dating, they would go out to fancy restaurants andrun up big bills. They didn’t think twince about going on vacation and staying in pricey hotels. When they got married, they had no money in the bank and thousands of dollars in credit card bills. For the first few years, they continued their same spending pattern and rarely had any arguments about money.
Then they talked about having a family and realised they needed to get rid of their debt and start saving money. Neither of them knew how to change their spending habits. They started fighting about money for the first time in their relationship.
You and your spouse tend to be spenders, what would you do?
“You have identified yourselves as spenders early on. Get financial advice, make a budget, and stick to it. Then you can prevent bankruptcy and constant arguments about money”.
One time Anna bought a new outfit and Franklyn chastised her for it. Then when Franklyn planned a romantic weekend, thinking it would make Anna happy, she took it as his way of expressing his desire to put off having kids for a while.
They were no closer to spending money than before, and now they weren’t even enjoying themselves.
Read the following list to find out what can be expected in a two spender household.
• Rather than constant squabbles, you will probably have big blow-ups when the monthly bills come in.
• When you need to start planning for the future, it will be hard to break your spending habits.
• You will probably owe money on the credit cards.
• You might not have enough money in savings and investments.
• You might blame each other for your problems.
c. Two savers.
In a household where both of you are careful about money, you might have trouble enjoying yourselves. You might both be spending a lot of energy thinking about the future and enough focusing on the present.
Aminat and Ken were proud of themselves. They put away money every month into their savings account and their investment portfolio. Most months, they were even able to save more than they had planned. They never owed money on their credit cards. They both bought bag lunches to work and rarely ate out in restaurants. They were prepared for the future.
But Aminat and Ken had trouble really enjoying themselves. They talked about money constantly. Anytime they went out together, they focused on how much it was costing and if it was “worth it”. They founf it difficult to relax and just have a good time being out. Amimat and Ken were suffering from bing too cautious.
“Every couple need to strike a healthy balance between spending and savings. Consider setting aside money every week for entertainment, even if it’s a small amount”.
Read the following listto find out what can be expected in a two-saver household.
• You won’t have substaintial credit cards debt.
• You will likely have money in the bank.
• Tahe two of you might be too focused on money.
• You might find it hard to spend even a reasonable amount of money on yourselves.
• You might be focusing too much of your attention on the future and not.
Making financial decision together.
Whether you and your spouse are both savers, both spenders, or one of each, both of you should be involved in the financial planning of your lives. If one of you were bringing in more income than the other one, it would be easy to feel that he or she should have more control in the decision-making about the budget or have more discretionary income. The person making less income might feel less valuable and give up an equal voice in financial decision. Money can mean power in your relationship.
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