What Financial Advice Would You Offer to Young Professionals?

Over the weekend I caught up with a former classmate who I had not spoken to in a while. Among the issues that dominated our conversation was money management especially as young professionals. I made it my mission to find out what those who have been in employment for a longer period had to say regarding this: 

a) Create Experiences and Make Memories

“I wish I took time to travel more and explore hobbies. As a working mum, I don’t have as much free time and energy as I did back in my youth. My responsibilities and expenses have also increased, and this can sometimes tie me down. Travel doesn’t have to be costly. There are so many inexpensive hidden gems in our country that one can visit. With proper prior planning and taking advantage of services like Airbnb that save one on accommodation costs, it’s very possible to travel. As for hobbies, I find them to be therapeutic and after a long day or week at work that’s just what you need. I would also like to add that one doesn’t always have to monetize a hobby, but if by chance you end up making money off it, then good for you.” 

~Head of Production

b) Get Financially Literate

“Take time to get financially literate. Read books, subscribe to financial newsletters and blogs, take advantage of resources on social media. One warning though, be very pragmatic about where you get your information from. At first, that financial lingo might sound scary but remember you only fear that which you do not know. Once you start learning you will quickly realize that there was nothing to fear in the first place.” 
Sales Account Manager 

c) No Amount of Money is Too Little to Save.

“I would like to think there are many who like me, think that investing is done when you are older and is actually more a man’s thing than it is a woman. There’s also a mentality that saving, and investing are only for those who earn loads of money. These are myths! Saving is about discipline and consistency. Most of us don’t earn as much especially when starting out, so save whatever it is you can afford, no amount is too little. 

~Programming Team Member

d) Do Your Due Diligence

“ When looking for investment avenues, do your research. Ask questions, take your time to understand what it is you are getting yourself into. This will save you a lot of regrets in the long run.” 

~Sales Account Manager

e) Budget and Budgeting tools

“As much as you are saving, paying bills, and in some instances helping your family, it is important to reward yourself. This is where budgeting comes in handy. Write down all your expenses and allocate money to them. Remember to also set aside what you are saving and investing as well as what you will need to take you through the month. Take advantage of budgeting tools like apps that help keep track of your expenses and spending habits.” 

~Programming Team Member

f) Live within your means

“In this age of social media, it’s very easy to want to live a lifestyle that you cannot afford. It’s okay to turn down an invitation to a party or an event. Don’t go into debt trying to portray a life that’s a lie. If you need to save up over a certain period to make a purchase, then so be it. Do what works for you and your pocket. “~Marketing Team Member


  1. Kagai on October 21, 2021 at 6:00 am

    Worth read on financial discipline.

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