1. Know Where Your Money Goes
One common thing with young adults is the complaint of not being able to account for how quickly their money ‘disappears’ from their bank accounts. A good solution to this is for young adults to pay more attention to exactly how they spend their money, or where their money goes. The best way to do this is to have a budget, and to be disciplined enough to ensure that the budget guides every single Naira that is spent. Once this is done, young adults will soon realize just how much of an impact small and seemingly ‘manageable’ changes in spending will have on their finances; it will then be easier to better manage expenses and keep recurring monthly expenses as low as possible.