Tips and ways of how to save money.
The Gambia’s 2025 national budget unveils transformative tax reforms to modernize the fiscal system, expand the tax base, and promote equity. These changes are effective from January 1, 2025. This article provides summary points on the key changes. Key Tax Reforms Withholding Taxes Expanded to cover contractors, suppliers, and consultants, with rates of 10% for […]
Tax Reforms in The Gambia’s 2025 National Budget Read More »
Energy saving or conservation simply means saving kilowatt hours usage of energy, which leads to lower utility bills and preserving the environment. In The Gambia, for example, energy is generated using mainly fossil fuel oil which is not only contributing to the degradation of the environment through CO2 emissions but pollution it creates to the
Five Ways to Save Energy Cost and Positively Impact the Environment Read More »
When you’ve just started your career, you’ve probably thought that you can afford to delay your retirement planning for another day, as it still seems like a long way to go from your 20s, 30s, or even 40s. However, as the years go by, this reasoning can cost you precious time and resources that would’ve
3 Reasons You Should Start Retirement Planning Now Read More »
Retirement is something that may seem far away at times and some young people do not even think about it even once a year. Truthfully, retirement is one of the most certain events in our lives. It must come one day. Either by choice or law of nature. Furthermore, the fact is that we live
How to Financially Prepare for Retirement Read More »
“Yesterday is a Past, Tomorrow is the future, but today is a gift” Financial Planning is not fun to do task and requires a lot of hard work put into it. Managing expenses, preparing for investing in the future, handling the savings are some of the tasks around which Financial Planning is overall centred. The
The most underrated financial planning advice, but highly effective Read More »
Our 2018 personal finance survey of 139 Gambians shows that 53% of the respondents have only one source of income. The results also revealed that those respondents who have multiple income streams have higher savings account balances than those with only one source. The positive relationship between the number of income streams and financial freedom
6 Ways to Increase Your Personal Income Streams Read More »
As we begin establishing our financial foundation, one of the most important things to do is put in place the proper precautions and financial securities in the event something unexpected occurs. This most prominently takes the form of insurance, a safety net that can provide financial support for the snags we hit. The only problem
Beginner’s Guide to Life Insurance Products Read More »
Opening a personal bank account is one of the safest and easiest ways to manages your personal finances. The Gambia has over 12 banks and many microfinance institutions across the country. There is no reason why you should keep your salaries or business sales in the stores, suitcases, or under the mattress at home. In
How to Open a Personal Bank Account in The Gambia Read More »
Can you remember your first paycheck? It probably felt like you had a lot of money in your pocket until you started spending it and assigning little tasks to it, known as a budget. These include rent, money for transport, clothes, insurance and food, among others. It doesn’t take long before you start wondering where
Financial Planning for a Stress-Free Future Read More »
Making money in today’s time can be a bit tricky, especially given how some expenses tend to be costly, and how saving can be difficult with all the bills we have to pay. Of course, this doesn’t mean saving has become entirely impossible. If you’re up for a challenge, you might actually be able to
How To Improve Your Savings On A Low Budget Read More »
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