Posts Tagged ‘Financial’
Financial Education in Nigeria
In the world today, many young adults have debts before they reach 21. Children need to be educated about money and smart financial planning. The field of finance deals with concepts of time, money, risk and how they are interrelated. It also deals with how money is spent and budgeted. If the Education in Nigeria can focus more on this area of finance, the foundation of a strong and secure future of children would be built before they grow into adults.
Financial education, empowering individuals with valuable knowledge to take control of their finances and make informed decisions is recognised by many employers including those with businesses advertised in the Nigerian Financial Directory as the key to improving productivity and well-being. The level of financial capability changes people’s lives by increasing psychological well-being, life satisfaction and reducing anxiety and depression.
Disability Getting You Down – There’s Financial Help
A disability always tends to impact the entire life of the person suffering from it, right from the physical discomfort to the mental pressure to the financial stress, it’s not easy handling the situation, to say the least. Even for these around the person with disability, i.e., friends and family, also have their task cut out, since taking care of the affected person is also a very difficult thing, particularly when one has so many responsibilities of their own family. Hence, as you can see, things are pretty difficult for disabled persons. And the financial crunch that follows as a result of the disability makes it even worse. However, there is relief in the form of tax benefits for people suffering from a disability.
The eligibility criteria for this is nothing specific as such, since it all depends from person to person, and how the problem is perceived. There are basically two steps for receiving the credits in a completely legal manner. First, the person needs to have either a physical or mental disability that is of a rather severe scale. Also, he/she must be having this condition since at least one year from the date of applying for credits. Next up is a stamp of approval from a qualified medical practitioner, who needs to confirm that the patient has indeed been suffering from a serious condition since more than a year. This is validated by issuing a disability Tax Credit certificate, which must also mention the extent of problems the ailment is causing in the day to day life of the patient.