The NYSC allowance has just been increased to ₦77,000, and for many corps members, this is exciting news! But before you start spending recklessly, it’s important to make smart financial decisions.

With the right approach, this money can go a long way in setting you up for a better future. Here are five smart things you should do with your allawee to make the most of it.

Here Are 5 Smart Things to Do:
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1. Live as if you’re getting ₦50k. Do not indulge excessively in things that will make you spend money. If this allowance weren’t increased, you would’ve survived, so test and see how far 50k can take you within the month. Stay away from scrolling through shopping sites and vendor pages at night before you order things you don’t need.
2. Have a savings plan and target. By the end of your service year, how much do you want to have in your savings account? You must have a plan and a figure, whatever figure you feel comfortable with. And once you finish your budget for the month, don’t touch that savings. If anybody asks for money, tell them you don’t have. Not middle of the month you start downloading loan apps.
3. Use ₦10k and register to learn a handy physical or digital skill. Learn baking, carpentry, plastering or painting. For digital skills, register and learn how to compose emails, attach documents or convert documents from one format to another. Imagine a graduate saying they don’t know how to send an email or attach documents. I pour you kaikai.
4. Start working on your CV. Now is the best time to ensure you reach out to the right people in your circle and get updates about jobs or businesses. This is so you won’t go from earning during the service year to having nothing.
5. Do not use your allawee to maintain a relationship. You will cry ooo, don’t say I didn’t warn you.