A chartered accountant at Aanstreet Finance, Kingsley Adjenku-Hayford, has advised the public to limit the amount of money deposited on MoMo and Automated Teller Machines (ATM) accounts during the festive season.
In an interview on Joy FM’s Super Morning Show on Wednesday, he explained the practice is to help to reduce impulse buying.
“You also look at your MoMo account, how much you put on your MoMo because if you are not careful impulse buying, you see something you want to buy, you pass by Accra Mall – things will be hitting you left and right,” he said while contributing on the topic managing Christmas spending.
According to him, the yuletide season is a time for ATMs to be set aside, adding that an expenditure cut is needed as well as a budget.
In a related development, he also advised on how well a budget can be made for the yuletide.
He noted that “there is a need for a family International Monetary Fund (IMF) engagement.”
According to him, spouses must engage family members and discuss plans ahead of the festivities. He further noted that they should be transparent about their income, and be vocal about things that they can and cannot do. This, he said, many shy away from.
“A lot of men begin to run away. From the beginning of the year they are not open so I don’t foresee them open to the end, but it is good to open up,” he said.
“There are two opens, it depends on what you want to disclose. It depends on how you have run your life till now. If you openly disclose 100 % you collapse but for some of us who have been open all along, it is better to say – this is the income,” he added.
According to him, once the conversation surrounding the subject is over, planning is made simpler.
- Medical Doctor gets emotional on Joy FM over debt exchange
- Black Stars’ Christian Atsu reportedly missing after earthquake in Turkey
- Haruna Iddrisu accepts changes in Minority leadership
- Muntaka accepts Minority leadership reshuffle after meeting with Mahama
- ‘God, please’ – Asamoah Gyan prays for Christian Atsu, other celebs join
- Let’s continue to pray for Christian Atsu – Mahama to Ghanaians
- Cedi continues recent gain against dollar; $1 now ¢10.40
- Over 1000 dead as huge quake toppled buildings in Turkey and Syria while people slept
- It is sad BoG unlawfully printed $3.3bn for government – IEA Director of Research
- Yul Edochie’s first wife threatens to sue actress over photoshopped image with Judy Austin
- DDEP: Government needs to reform fiscal structure – Senyo Hosi
- College head found dead with husband and daughter
- DDEP: We’ll continue to converge there until we’re exempted – Dr. Anane Antwi
- 40 Ejuraman students injured in dining structure collapse
- Grammys 2023: Viola Davis becomes an EGOT
- Grammys 2023: Kim Petras and Sam Smith break record and other takeaways
- NPP Jaman South’s aggrieved members are the proponents of “skirt and blouse” – Constituency executives
- Asante Akim Central NPP calls for fresh polling station elections
- We’ve amicably resolved impasse over change in Minority Leadership – NDC Council of Elders
- Full text: Finance Minister’s speech on DDEP deadline eve
- Accra-Tema Motorway no longer fits definition of motorway – NRSA
- SMEs without certification could lose out on ACFTA benefits – Trade Ministry warns
- Playback: PM Express discuss DDEP and government’s trust deficit
- DDEP will get economy fully back on track – Ofori-Atta
- All set for Kwabena Kwabena’s ‘Vitamilk Love Night’ show on Feb. 11