Money moves you should be making right now

Remember singing along to ‘Bodak Yellow’ by Cardi B back in the summer of 2017? You probably screamed ‘I don’t dance now, I make money moves!’ at the top of your lungs, didn’t you? You tweeted it, used it as a hashtag on your Instagram and even made it your personal mantra like everyone else. Well, how are those “money moves” going?

Regardless of how your “money moves” are going, see what more you should be doing to scale up.

a. Creating a concrete budget

You’ve probably heard the word ‘budget’ about a gazillion times. Creating a solid and realistic monthly budget is one of the best things you can do for yourself at a young age. A good budget helps you plan your spending, avoid overspending and financial ruts. If you need help, check out this article.

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b. Planning your retirement

Retirement- another word you’re probably tired of hearing, right? It’s never too early to start planning your retirement. So, rather than spend lavishly, you should start saving a small portion of your monthly income towards retirement. If you haven’t started saving for retirement or haven’t even given it any thought, you’re not too late. Visit to get started and thank us later.

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c. Creating multiple streams of income

What’s better than making money? Making more money! In fact, “Dangote still dey find money sef!” If there’s one thing that unites everyone, it’s the need to make cool cash.
And one way of doing that is by – creating multiple streams of income; doing this helps you achieve financial security and freedom. You can create a side business/ hustle, do some freelance jobs, monetize your skills and much more, make sure you’re not relying on one source of income. It’s 2019, it’s time to secure multiple bags.

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d. Expanding your knowledge

One sure way to excel and succeed in any field is to actively and intentionally increase your knowledge. You don’t have to be a financial expert, accountant or economist to know how to manage money. All you need to do is look for ways to expand your knowledge. Read books, watch YouTube videos, read articles, attend seminars. Seize every opportunity to learn about personal finance secrets, investment opportunities and trends. Your future self will thank you.

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e. Spending wisely

The period of your youth is the best time to live your life and enjoy the best it has to offer. It’s also the ideal time to start making smart money moves and decisions. You don’t want to look back at your younger self, regretting the choices you either made or didn’t make. One smart money move you should always keep in mind is that you should spend wisely and judiciously. Plan each spending, stick to your budget and avoid pressures from others to live beyond your means.

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f. Saving

One of the best things you can do for yourself in your 20s is to save. Get started, no matter how small (However, 20% of your income is advised). Put money aside in a separate account each month and be disciplined. You don’t need to have a specific need, make sure you always have savings.


g. Looking for cheaper options

Another smart money moves to make is to review all your subscriptions (internet, mobile data, cable, etc.) and see if you can go for cheaper options so that you can save more money. Also, look out for sales and discounts when shopping and take full advantage of them. This way, you can get all the quality things you need at a lower price.


h. Diversifying your investments

You probably know how investments are essential and an excellent way to achieve financial success. However, it’s vital to do it the right way. You need to decide the reason you are investing and what you are investing in. Get to know the time frame of the investment, the returns and the risks involved. It’s also imperative to diversify your investments. If you can, invest in multiple asset classes (stocks, bonds, real estate, agriculture, etc.) It is a smart money move.

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There you go! Eight smart money moves you should make in your 20s. If you want to make that dough, you know what to do.

Which of these money moves are you making now? Share with us!

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