Guaranty Trust Bank Plc (GTBank) has listed five financial goals its customers and followers must “focus on and stick with” in the New Year.
The bank which posted this on its Twitter handle, stressed that the New Year gives “us a chance to begin afresh which means this is the perfect time to get your finances in order. Are you on track to achieve your goals this year?”
First, it urged its customers and followers on the social media platform to set a personal savings goal for the year.
“Look at how much you are making, what your expenses are, and determine how much you could realistically save each month,” it added.
Secondly, the bank urged them to make “a budget you will be motivated to stick to,” and thirdly to “have a solid emergency fund.”
“This should be the first savings goal on your list. It can take away a lot of the money worries that you have, since you know that you will always have a reserve if you get into a tight spot.”
Fourthly, the bank said there was need to: “Have a solid emergency fund. This should be the first savings goal on your list. It can take away a lot of the money worries that you have, since you know that you will always have a reserve if you get into a tight spot.”
Finally, it added: “Create multiple source of incomes. Even if you love your job, creating multiple income streams is a form of income insurance which means that you’re not dependent on a single source of income ever!”
Following the country’s exit from the economic recession in 2017, the stability in the foreign exchange (forex) market, decelerating inflation, bouyant oil prices and stable production from the oil-rich Niger Delta, economic analysts and bank chief executives have predicted brighter economic prospects and a jump in bank lending in 2018.
