Taking control of your finance is an active journey and it requires focus, dedication and control. Budgeting is an aspect of personal finance that would help you gain control as it enables you know where your money goes each month.  Creating and sticking to your budget helps you remain accountable and keeps you in control of your finances. We share a few steps below to help you 

Starting your saving journey could be quite challenging due to several factors such as the size of your income, the frequency of emergencies, lack of personal finance knowledge, and so on. However, to build wealth sustainably, it is pertinent for you to have a clear financial plan and you cannot build a financial plan without having a good saving habit.

What is an Emergency Fund?

An emergency fund, as the name implies, is basically money that is specifically kept for emergencies and unforeseen circumstances. Your emergency fund is different from your long-term saving. It must be kept in a separate but easily accessible account.