Article

How to Show Yourself Some Financial Love This Valentine Season

Posted on: 12th Feb 2019

Everyone right now who is coupled up either by the virtue of being married or just in a relationship, is practically in a utopia where everything smells like, looks like and even tastes like love. Their entire being is focused on assembling all the love they can produce, ready to shower it on their partners. On the other hand, there is the group preparing to receive this show of love, or rather, this grandiose and elaborate show of affection (and we’re referring to both men and women, as this goes both ways and that we can assure you). The love scenarios will play out endlessly for the next couple of days (perhaps for the rest of the month) and it will be all thanks to the Valentine season.

After all, is said and done, we can only help but reflect on these simple yet true words; “how can you love another, if you don’t first love yourself?” The truth of the matter is that it is technically impossible. Anyone that doesn’t exercise what is termed “self-love” will find it a bit challenging to love someone else. You must first love yourself and what better way to do so than in the area of your finances.

So, the question here is how can you show yourself some financial love?

 

 

  1. Opt for a Financial Savings Plan.

Everybody’s getting chocolate and sweets and flowers and all that lovey-dovey stuff, but you can get one better. How? By setting up a savings plan. This can be done however you choose, as long as you’re saving and it starts now.

Whether it’s opening a dedicated savings account, or talking to your account officer to do one of those electronic account set-ups where a portion of your income goes directly into a reserved savings account, just get it done and gift yourself something special this season.

 

  1. Create a Solid Budget.

One of the best financial gifts you can give yourself is to make an expense budget and stick to it. In the long run, you would’ve found a way to save money and if that doesn’t make you happy we don’t know what will (perhaps, saving more money).

Creating a budget helps you cut down unnecessary spending. Take this Valentine season, for example, you might be tempted this period to do a lot of impulse-buying. Anything that has a love shape on it or just looks really red and you might be tempted to pull out the wallet or bag and swipe the ATM card. Don’t do it, make a budget and follow it religiously.

 

  1. Kick start Investments for your Future.

This is the time to start making wise investments. This is the kind of Valentine gift whose value will peak in the long run. Don’t think of right now, but instead think of the future. See Investments made this season as a gift for a Valentine in the future.

 

  1. Take Out a Life Insurance Package.

If you really want to show yourself some love this season, think of the ones you love and how much they mean to you. When you’re able to see this picture clearly, you’d know that taking out a life insurance plan will determine what happens to them when you’re no more. Give them the Valentine gift of a lifetime.

Note also that, some insurance companies (African Alliance for example), also have saving plans intertwined nicely with life covers attached.

 

In fact, there are many ways to show yourself some self-love, but even in this season of Valentine, some people would prefer a financial upgrade to gifts and grand expressions. Many would take some money or the assurance of one, over a cardboard box wrapped with a bow.

 

Article

Financial Partnership with Your Life Partner

Posted on: 6th Feb 2019

It’s the season of love and many of you who are coupled, engaged or married are basking in it. But while all of this is on-going, it is easy to forget or brush off some pertinent things such as finances in relationships. Whether you’re married and especially if you’re not yet hitched, talking about your finances as a couple is a crucial subject that should be properly ironed out in every relationship.

As mentioned earlier, the love shared between two people can be very powerful and many times, couples get carried away and neglect the subject of finances in the process. However, this should not be so as before going into official partnership (marriage) with your proposed life partner, you are both expected to discuss and create a financial plan that benefits the both of you. If for some reason you have not yet had this discussion and you’re already married (perhaps you have just been winging it) those days should quickly come to a halt as you now need to take more proactive steps towards your finances as a couple.

There are financial decisions, procedures, and steps both of you can take to ensure that you are both financially secure now and in the future.

 

  1. Pulling Financial Resources Together.

Whether it’s in form of a joint savings account or some form of banking set-up created to allocate prescribed percentages of your income into a central account, you and your partner should endeavor to have some sort of money pond where you both throw in something each month or so. This is the kind of money talk you want to have before tying the knot. This way you’re sure that you’re not only marrying your life partner but that you’ve also got yourself a financial partner for life.

  1. Joint Investments.

A couple can decide to invest in real estate, bonds or any profitable and secure form of investment provided that they’re both in the know and aware of their vested interests. This will benefit each couple in the grand scheme of things and it is important to initiate as early as possible into the relationship (especially for married couples).

  1. Life Insurance.

Nobody likes to talk about the end especially at the beginning. But we’ve found that it is exactly the best time to talk about it. At African Alliance, there are special life insurance covers for spouses that will be of great advantage to both parties. When the end finally comes (and we hope not soon enough), the surviving couple will be able to benefit immensely and when the dust settles you will come to realize that you both made the right decision.

 

Many relationships, marriages, and engagements have been known to take a huge hit as a result of a faulty or non-existent financial partnership between both couples. To avoid such an unfortunate situation, it is paramount that you adhere to some or all of the suggested ways you can go into financial partnership with your life partner as stated above.

Article

Start The Year with These 5 Saving Tips that Work

Posted on: 31st Dec 2018

As the year winds down to a close, a lot of people are easily caught in the frenzy of celebrations. We know that these end of year festivities take a toll on your finances and as much as you try to cut down on your budget, our efforts are sometimes futile. So at the end of the day and after all is said and done, the year ends and many of us have depleted a lot of funds inevitably hurting our savings in the process.

So how do we save when the New Year eventually kicks off? How do we deploy saving tactics that will enable us to begin the year confident that we are on a path to financial recuperation? As the curtain closes and the 2018 show shuts down, we all need to brace ourselves for what’s to come.

To do this, we’d be discussing five (5) saving tips that actually work. They include;

 

  1. Save A Percentage of your Monthly Income.

As the New Year begins, you need to make an intentional decision to save a percentage of your income. Whether your money comes in daily, weekly or monthly, allocate a stipulated portion of it to be saved. About 15-30% of your monthly income should suffice. Discipline yourself to always save this exact percentage no matter what. We know that expenses will always come but remind yourself that you save so as not to have the floor removed from under you especially in these uncertain times.

 

 

 

 

 

 2. Make A List of Goals to Save For.

When attempting to save, there’s no better motivator than setting a goal or goals. It can be something big or something small but once it is penned down as a goal, saving towards it becomes much easier. Putting money aside for that particular goal whether short term or long will enable you to make conscious efforts to save especially as the New Year begins.

  1. Prioritize your Expenses.

Now that you’ve taken the decision to make good savings at the start of the New Year, there will always be expenses that tend to rise up and deplete your savings even before they mature into anything tangible. These expenses may not necessarily be emergencies and as a result, you will need to prioritize your spending. What this means is, if it is not absolutely important or emergent, then save your money.

  1. Keep and Review Records of your Savings.

If you ever doubted your ability to save, keeping records and reviewing your progress after a while is one of the best tips to keep yourself reassured of your efforts. When you are able to document your savings and review how far you’ve come from time to time, saving becomes a bit easier as you are spurred to continue on this positive trail.

 

 

 

 

  1. Utilize The Right Saving Tools.

There are only a few people who still receive their income by hand, the larger percentage get paid via a financial institution. If you fall in the latter, then at the beginning of the year request for an automated saving plan that will authorize your bank to send a specified amount of your income to a separate savings account.

You can also choose the wiser option of investing a portion of your income by employing one of the favorable life insurance packages at African Alliance Plc.

 

These tips actually work when followed to the teeth. They are not some impracticable set of exercises. It’s been a tough year so far and even as we hope for a better year ahead, we all need to be prepared regardless.

Article

3 African Alliance Insurance Policies to Kick-start an Investment Lifestyle

Posted on: 28th Dec 2018

 

The secret to a better lifestyle, an investment lifestyle, isn’t by waiting to first have monthly earnings like a Femi Otedola or the annual income of a Dangote. No! You don’t have to be making insane money to live a financially secure life. You don’t need a promotion to MD before you make buying insurance policies your priority. You can be an employer or an employee, you may hold a white-collar job or you might even be an entrepreneur, but whatever you do, you are not unfit to kick-start a life funded by investments.

 

At African Alliance, we believe that life should be wholesome and that one of the greatest achievements you can make while alive, is investing in insurance policies that will benefit you and cater for your family should the tides of fate no longer favor you.

 

There are policies that seek to only insure life and that’s about it, but we’ve made it a top priority to insure life and assure you a certain lifestyle while at it. It is not an illusion when we say you can enjoy a plush lifestyle purely hinged on insurance investment policies uniquely tailored to give you the best life.

 

Allow us to introduce to you, three (3) of such peculiar insurance policies that will get your investment lifestyle underway.

 

  1. The Investment Plus Plan.

How incredible will it be if we told you that you could save money, earn interest on said savings and automatically attain a life cover? Almost too good to be true, right? But guess what? It’s as real as it gets. From as low as N4999.99, you can invest in your future by making savings which generate a 5% interest paid to you. This is of course in addition to the life insurance your family is awarded, should anything happen to you.

 

  1. The Money Appreciation Plan.

With this policy, you are allowed to make an investment by pulling together savings that will result in earnings where the payout is up to 30%. In every one-third of the period of cover, the payout will suffice. If you were thinking of making savings elsewhere, this plan allows you to put your best foot forward in one fell swoop. This is because, in addition to your savings, this hybrid investment plan comes with a life insurance cover as well. Your money literally appreciates within the duration of the plan and you can always cash out when it matures.

 

  1. The Children Education Plan.

There are very few things in life more worthwhile than your children and so it’s no wonder that parents often do their best to invest in the educational future of their young ones. Therefore, the children education plan was created to do justice to parents who aspire to give their children quality education. The secret of some unassuming people around you who have kids in some of the best schools is the children education plan. It allows them to invest and look out for their children while they’re alive and even when they are no more.

 

Amazing stuff isn’t it?! Talk about living the life even on the occasion of your demise, as these insurance policies will have you so well invested, you and your family can finally have one less thing to worry about. All you have to do is make the decision and set the ball rolling because if it’s cover you seek, African Alliance got you covered.

Article

5 Family-Friendly Places in Nigeria to Visit this Christmas Holiday

Posted on: 24th Dec 2018

Nigerians absolutely love the holidays with a special bias to Christmas. While it may be a religious holiday for many who are Christians, it is probably the most anticipated holiday in the country as even Muslims look forward to it. A lot has usually happened within the year and as it comes to an end, most people, most families just want to unwind.

 

Christmas around the world has managed to translate to spending time spent with family. Many people get so busy with their lives during the year, that they fail to make out time for family. You can fix all that by taking yourself and your family on a small vacation within the country. There are lovely places to visit for the holidays here in Nigeria. They are perfect for family bonding and also quite family-friendly too.

 

1  Obudu Cattle Ranch

The Obudu resort is probably still the leading vacation destination in Nigeria. Its exquisite natural flare mixed with a ton of enjoyable man-made inventions, all come together to make it a perfect vacation location for families.

 

The resort is located in Cross-River state and has a huge water park with water slides embedded. It also has a remarkable swimming pool, options for horse-back riding and an actual golf course.

 

Your family is in for a real treat at the Obudu resort. Its natural components support hiking through the forest to see birds, an exercise that is sure to inspire family-bonding.

 

2.       Tinapa Business Resort.

It is so well equipped for fun and relaxation, one can say it is the best version of  Disneyland in Nigeria. Tinapa is a leisure resort located in Calabar. It is specifically situated near the Calabar Free Trade Zone.

 

At the Tinapa resort, everything screams out fun for the whole family. When and if you do decide to visit, your itinerary would be filled with so many breathtaking activities it will create priceless memories.

 

The Tinapa is home to a cinema with as much as eight screening theatres, a mini amphitheater, dozens of restaurants and pubs and slides for the children.

 

3.       Lekki Conservation Centre

Located in Lagos state, it is probably the largest controlled natural habitat in Nigeria. You and your family will be duly entertained as you spot numerous animals loitering around the centre. From monkeys to tons of birds, to tortoise and sometimes reptiles in the swamp.

 

There are huts for picnics and a gigantic chess (floor) board with the pieces to match. Your family is going to have a great time over at the LCC.

 

4.       The Benin-City National Museum

 

As much as we want to have rigorous fun, the Benin City national museum offers a ton of historical knowledge for everybody in the family. Nevertheless, the fascination that comes with learning about these ancient artifacts can become very interesting and fun for the children.

 

The museum is home to items that tell a tale of the Benin empire. Objects made out of terra-cotta, bronze and cast iron, litter most parts of the museum.

 

5.       Abraka Turf and Country Club

Delta state is home to a turf and country club with suitable recreational activities for the whole family. It’s built like a savannah and encourages long walks, horse-back riding and lots of fun exercises for you and the kids.

 

Spending time with your family this holiday will further strengthen the bond that binds you all. Do so by visiting any of these family-friendly places this Christmas and be sure to make everlasting memories.

 

 

Article

5 Expense Cutting Hacks

Posted on: 14th May 2018

Expense cutting hack African ALliance

Expenses makeup up to 70% of most people’s budget. They are almost a necessity as you can’t live without them. The basic expenses revolve around food, clothing and shelter but with human evolution, our expenses have evolved too. They have expanded to cover phone bills, internet, pursuit of self actualization, education and so much more. It is therefore important to know how to cut down ones expenses to make the best use of our money.

These are 5 Expense-Cutting Hacks

  1. Make purchases based on quality not quantity. This is a cheaper choice long term. Quality lasts longer, appears better and gives better satisfaction.
  2. Be creative with your gifts. Thoughtful gifts are worth way more than expensive gifts. A handmade card, a home-cooked meal, a grand gesture (like reconnecting families), a day off work with your child, and anything you can come up with that would make your loved one feel loved. These gifts are priceless not pricey.
  3. Volunteer for events. That way, you’ll attend the event for free. You will even have access to back stage activities. It is totally a win-win and you will even grow your CV/LinkedIn profile and network while doing this. It totally pays
  4. Have a no spend day once a week. Try not to spend a dime for a whole day. It may seem difficult but it is totally possible and doable. It could be on a Sunday, as it is a weekend and you don’t even have to go out. Try it out and tell us how you feel at the end of the day
  5. Don’t keep change loose. Value change. Little drops of water makes an ocean. Save the little change. Invest it. 

In summary,

Expense cutting hacks

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