The National Youth Service Corps, NYSC experience is the beginning of financial life for most graduates in Nigeria.

As a fresh graduate and corps member, the NYSC gives you an allawee of N19,800 every month for one year. It’s from this stipend you are expected to make all financial responsibilities.

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Is this allawee ever enough? No, but you’ve got to manage it. This is how thousands of young Nigerian graduates develop their sense of money management.

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However, to start your financial life the right way, here are tips on how to go about it.

1. Spend less on transit

How to manage your money effectively

People spend a lot of money on transportation without even realizing it. You can reduce the money you spend on this. Instead of taking Okada (motorcycle) or tricycle to sort distances, learn to go the distance and save your money.