January 23, 2017

AFTER SECONDARY SCHOOL



Dear,

I bring you greetings from Calvary and the empty sepulchre. Calvary reminds us of the greatest love and compassion ever shown while the empty sepulchre reminds us that Christ is risen and I pray that you will experience both in your life.

I write to congratulates you on the successful completion of your secondary school education and pray that the good Lord blesses your labour and rewards you with good success and that He gives you strength to finish other stages of your life.

Am writing to forewarn you of the challenges you will likely encounter in this new sphere of life and to provide you with time proven technique of combating them and maximising your life.

EXPECTED CHALLENGES

1.         Loneliness: At this moment of your life there is a tendency for you to be lonely. The daily meeting with your classmates in school is over and though you might have some friends around your neighbourhood you might sometime still feel lonely.

2.         Cash out: Now that your daily, weekly, monthly or termly income is out you might experience cash out. Also your need will expand because you will probably be changing your hair look, your wardrobe, your library, electronic gadget and the likes. You need income for all these new expenses and you could become cash strapped.

3.         Peer pressure: With the abundance amount of time in your hand will come peer pressure. Pressure to attend all the parties, streets jamz, jamboree, spend endless time on social media and just to be like you peers in all ramification.

4.         Idleness: Remember the saying, ‘An idle man is Satan’s workshop.’ There is the possibility of being idle, which comes with the temptation of engaging in vice or vices.

MAXIMISING THE CHALLENGES:

1.         Make friend: This is time to make new friends. I don’t necessarily mean physical friend. You should make the Bible your friend and learn to develop great closeness with it because it will lead you in the right path in life. You should develop an insatiable appetite for reading books with different interests. You should make friend with yourself and learn to love yourself. The outside world might have dictates your tastes while in school and might have feed you with their expectations, your peers might have also distort your view but it is time to seek and know the real YOU. It is time you know your strength, uniqueness, beauty and modus operandi (mode of operation). Now is the time to know what works best for and you get to the point by befriending you self. You are fearfully and wonderfully created; get to know that fearfulness and wonder!

2.         Get an income plan: You should have a plan on how to make income and this is where the study on scale of preference in economics comes in handy. You have to know your need and want and also plan how to spend your money. You need to cultivate the bait of tithing. Pay God his tithes and also pay yourself your tithe. Get a bank account, a small save, a wallet or anything you can save your money in and know it will be safe. Find ways of making money also. You could get a small job or teach some students for financial returns, use what you have to get what you need (this is a biblical principle; it is the using of what you have in a sinful way that is a sin).

3.         Face the pressure: You cannot shy away from the pressure but rather face pressure. There will be both positive input and negative input from your peers and you must only accept the good ones and reject the evil ones. The pressure of having either a boyfriend or girlfriend should be shunned, the emotional trauma outweigh it benefits. You should rather be a friend to all without a particular associating with one. The lies that no boyfriend or girlfriend now means no future marriage partner is a blatant lie from the devil. Your Boaz and your Ruth is being prepared by the Lord, don’t allow a Delilah or an Amnon to destroy your future.

4.         Never get idle: There is a distinction between meditation and idleness. You need to spend time to meditate on God’s word, the type of future you desire, the type of news you hear and happening in your society but never get idle. Meditation in itself is an activity while idleness is to have the time and strength to get an activity done but don’t have anything to do.

5.         Get a skill: It is time to add hard skill to your soft skill. You could learn a musical instrument, go for computer appreciation course, learn a craft, learn how to plait hair and also don’t forget to learn good home making skills: setting of tables, cooking, decorating of house etc.

6.         Invest in your future: It is time to start preparing for your future. Your future is divided into two: a future here on earth and a future in heaven. It is high time you get a picture of the future you want. The picture might not be perfect now but an idea and a perspective of it is needed to guide your choice. It is time to start praying and also working for the future you want. In life labour, might and power has its place so also the Spirit of God has its place; don’t lose any of them. For your spiritual future, you need to get save if you have not, get committed to Christ, do the work of evangelism to get stars on your future crown and live a continuous holy life in order to get to Heaven.

For now my dear friend, this is my piece of advice and I pray that God bless and multiply you.

KEEPING A BUDGET



What is a budget:
‘It is an estimate of income and expenditure for a set period of time.’
‘an annual or other regular estimate of national revenue and expenditure put forward by the government, often including details of changes in taxation.’
‘the amount of money needed or available for a purpose.’
‘a quantity of material, typically that which is written or printed.

Now we have budget app on phones, we could use the whole school method of writing out how much you want to spend in a day and then you carry our daily reconciliation and keep the excess while you deduct the shortfall against the next day budget.

Budgeting is simply balancing your expenses with your income. If they don't balance and you spend
more than you make, you will have a problem. Many people don't realize that they spend more
than they earn and slowly sink deeper into debt every year.

Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Creating this spending plan allows you to determine in advance whether you will have enough money to do the things you need to do or would like to do.

In a personal or family budget all sources of income (inflows) are identified and expenses (outflows) are planned with the intent of matching outflows to inflows (making ends meet). In consumer theory, the equation restricting an individual or household to spend no more than its total resources is often called the budget constraint.
an amount of money available for spending that is based on a plan for how it will be spent

What is a budget?
A budget is a plan expressed in dollar amounts that acts as a road map to carry out an organization's objectives, strategies and assumptions.

A company might have a master budget or profit plan for the upcoming year. The master budget will include a projected income statement and balance sheet. Within the master budget will be operating budgets such as a sales budget, production budget, marketing budget, administrative budget, and budgets for departments. In addition there will be a cash budget and a capital expenditures budget.

It is common that the budgets prepared for the next accounting year will be detailed by quarter and/or by month. It is also typical that the annual budget will not be changed once the actual year begins. Good managers realize that a budget is a guide and that it cannot be so rigid that it prevents timely action when needed. In rare circumstances the annual budget might be revised, but only when the business environment has radically changed.

: a plan used to decide the amount of money that can be spent and how it will be spent

: an official statement from a government about how much it plans to spend during a particular period of time and how it will pay for the expenses

Elements of a personal or family budget usually include, fixed expenses, monthly payments, insurance, entertainment, and savings.

A budget (derived from old French word bougette, purse) is a quantified financial plan for a forthcoming accounting period

Type of budget
There is fixed budget
There is floating budget

What affects a budget
Our spending culture
Our past spending
Our anticipated income and expenditure

Benefits of a budget
It will help you identify wasteful expenditures,
It will help you to adapt quickly as your financial situation changes, and
It will help you to achieve your financial goals.
Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.




REFERENCES
http://www.merriam-webster.com/dictionary/budget
http://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting
Sullivan, Arthur; Steven M. Sheffrin (2003). Economics: Principles in action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. p. 502. ISBN 0-13-063085-3.
http://www.accountingcoach.com/blog/what-is-a-budget
http://www.accountingcoach.com/blog/what-is-a-budget

January 17, 2017