Five tips for developing and managing your budget -- even in tough economic times

By Oluwabunmi Adejumo, Lecturer/Researcher, Obafemi Awolowo University

There’s nothing quite like a new year to prompt us to take stock of our lives, our health, our goals – and our finances. Many people will start 2023 by contemplating how best to budget, plan and save. This is always a good set of aims, but it’s especially important in the inflation-prone and unpredictable economies we’re seeing all over Africa and the world.

Budgeting is especially key. It is the most effective method to monitor…

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