FINTECH

HOW TO SAVE MONEY AS A NEW PARENT

Published

3 years ago

HOW TO SAVE MONEY AS A NEW PARENT

Are you a new parent? We understand how scary it could be to have a child and the expenses that follow childbirth.

People get scared of many things in life as it isn’t easy to navigate. And one of the top fears usually comes from new parents who are more bothered about spending money than their earning power.

Of course, being a parent is joyful, but there is the fear of how to carter for the child. Sadly, many new parents enter into debt as they try to take care of the child and the family.

Now, you don’t have to be indebted as a new parent, and we will tell you how it works. The fact that you just had a child doesn’t mean that you need to stress or worry about money. Yes, you will be spending money as you need to care for the baby. However, there are tips you can also use to save money as a new parent so that you do not enter debt or become broke trying to take care of your baby and the family.

So, let’s look at some money handling tips for new parents

Money Handling Tip for New Parents

Here are some helpful tips that will come in handy for new parents:

– Have a budget and stick to it

It is essential to keep money aside for childcare when you are an expectant parent. And this money should be different from your general savings. The idea is that the parents should set special funds aside for when the baby arrives. The funds will help with taking care of the baby and other childcare expenses that may arise.

So, do you have such a particular budget?

We always advise new parents to have a budget. And most importantly, they should also stick to the budget. Yes, the economy might not be friendly and unplanned expenses might also pop up. But you must try to stick to your budget. This way, you will not be touching money meant for other things.

Understandably, staying within budget isn’t always feasible, mainly due to the increasing cost of the economy. But it is best to try your best until there is no other option.

– Be open to receiving things

Weird as it may seem, some people are not open to receiving help from others. These people have their reasons. Often, we see that it is a behavioural pattern they might have had from a younger age. So, it feels weird when people give them gifts.

If you fall under this category and are a new parent, we advise you to try to drop the force of habit and receive things from people. The fact that you are collecting gifts or any help does not mean that you are weak or incapable of taking care of your child.

Instead, it shows that you appreciate people’s efforts. It also saves you the stress of getting some necessary items, and you get to save money. Some new parents testify that the gifts they got from people assisted them greatly as new parents.

– Patronize discount stores

Where do you get things from as a new parent? Some people buy stuff from the most expensive stores because they believe that they get the best quality from these stores. But it doesn’t make sense to spend so much on costly stores if you can get the same items from a discount store.

Yes, we know that you want to get value for your money. Therefore, you would instead get quality items. However, who said you could not get quality items from discount stores?

We have seen that discount stores have some of the best items you would ever find. The only problem is distrust or lack of awareness. If you are looking to save money as a new parent, we advise that you start patronizing discount stores.

You will need money to sort out different things as a new parent. So, shopping at places that would help you save money is best.

– Don’t try to impress anyone

Sadly, it has become a trend in today’s world that people are trying to outdo themselves to impress others, and new parents are also in this category. As a result, we see some new parents struggling and exceeding their means to meet societal standards.

It could be that their friend threw a big party to celebrate the birth of their child. So, these new parents also want to throw a big party even though they do not have the funds for it. They then get hugely indebted in trying to make the party feasible.

As a new parent, you must be wise in handling money. Knowing that no one would kill you for doing things within your means and capability is best. You are not in this life to compete with anyone. Thus, it is best not to fall under any pressure.

– Let family and friends take turns in babysitting

Do you know that you can save money when your family and friends handle babysitting? You need not bother paying babysitters anymore, and you can save that money.

Understandably, you need as much help as you possible after giving birth. And you would ideally want to get a babysitter to help out. However, you will have to pay the babysitter, which would be an added expense.

As a new parent, we know you are looking for ways to save money. So, you can indulge your family and friends in helping you with babysitting the baby. Although people have different things they are doing, we are sure you’d find someone in your circle who’d be willing to help you out.

The money you could have spent paying a babysitter would come in handy in other things, and you’d be grateful you made the right decision.

– Trade in items you do not need

As a new parent, you will surely get many gifts from people. Globally, there is a culture of taking things when visiting new parents. However, it is also not news that you wouldn’t need or use all these items.

Soon, the house accumulates with these items, and they seem to take up all your space. So, why not sell off these items? Many stores are willing to buy things off your hands. Therefore, you will make money from the sales and declutter your space.

Now, you won’t be stranded when you urgently need money as you’ve made money from selling things you do not need. Thus, if you have not sorted all the gift items you got, it’s time to arrange them and know the ones you won’t be needing. Remember, what you do not require can be of need to others.

– Be conscious of the future when spending

It’s easy to be overwhelmed and get carried away in a spending frenzy as a new parent. Understandably, every parent is urged to care for their child and strive to ensure that their child gets the best. But once you get caught up in this unending web, it begins to seem like you are running out of money. One minute you have money; the next minute, the money finishes.

In such a situation, it becomes hard to plan for the future. However, it is best to be conscious of the future when spending. Of course, some people say we should learn to live in the moment. But you also have to prepare for the future, so you shouldn’t finish your savings.

Once your mind becomes aware that you’ll still need money to do things in the future, it helps you curtail your spending and limits your money usage.

– Some clothes should be bigger

One of the mistakes most new parents make is buying the exact cloth size for their child. Of course, every parent wants their child to look clean, sharp, and neat. But purchasing the actual cloth size means you would buy clothes almost every month as growth is inevitable.

The rapid growth rate of babies is always a wonder, making parents spend a lot of money on clothes buying. Therefore, we often advise new parents to buy clothes that are a bit bigger than this child.

We are not saying that your child should look like a hobo. However, when the clothes are a bit bigger, the child can grow into them, and you do not have to change clothes constantly.

As a new parent, you can have a mix of clothes that are the exact size and others that are a bit bigger. It is best to remember that your child is still a baby and not in a fashion competition with anyone. So, there is no need to spend exorbitant amounts on clothes.

Summary

It is easy to get overwhelmed when you have a child, especially when you are a first-time parent. But you need to know ways to handle money better.

These tips will help you in saving cost and taking care of the family better.

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Network International appointed as Payment Processing Partner by MTN Group Fintech

Published

2 months ago

Christopher

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration. Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

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Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

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Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

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IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

Published

2 months ago

Christopher

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

Core Features of Next-Gen Trade:

Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

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Learn about IUX’s advanced trading solutions: Visit IUX

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.