Financial Planner and Chartered Accountant Patrick Baah Abankwa has shared some interesting perspectives on how people can manage their finances.
He emphasized that people must differentiate between their needs and wants to guide their spending habits and also live within their means.
During Asempa FM Ekosii Sen’s “Beginning The Year Right” series, Mr. Abankwa enumerated seven workable ways to make it easier for people to manage their finances and achieve financial stability.
These include:
- Have a budget.
- Set financial goals.
- Reduce spending.
- Find ways to increase your income (Multiple streams of income are paramount).
- Save for emergencies.
- Get insurance.
- Invest for the future.
Watch details of his advice in the attached video above: