Prepare a budget for an imaginary family of five that has twenty thousand naira as income (20,000.00) please answer it correctly I'll do anything

Explanation:Step 1: Credit Alert

It’s Salary Day! We all know that feeling of joy when the credit alert comes in and you feel invincible and powerful — like you can do anything.You have bills presently and in the future. You need to properly plan how to spend that ₦150,000 to avoid overspending and stories that touch.

Step 2: Divide & conquer

Following the 50/30/20 method, you should save around 30% of your monthly income to meet up with your responsibilities (example rent, fuel, electricity).As a person who earns ₦150,000, that would be about ₦45,000. So, that goes into your core savings (PiggyBank) on the PiggyVest platform [₦45,000 monthly is ₦540,000 annually!] and just keep earning interest every month.

Step 3: Stash the spending money Now you have ₦105,000 left for the rest of the month. Your needs are unique to you. So, you may go a little higher or a little lower than the average.

PiggyVest has a feature called PiggyFlex, a sub-account where your interests and returning funds(on maturity) are paid. You can withdraw from your flex at anytime! But there’s a new twist. You can now fund your flex up to three times a month. Which brings up an interesting use-case.

With Piggyflex, you can put your entire month’s budget — say ₦100,000 — into PiggyFlex.

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