One common thing with young adults is the complaint of not being able to account for how quickly their money 'disappears' from their bank accounts. A good solution to this is for young adults to pay more attention to exactly how they spend their money, or where their money goes. The best way to do this is to have a budget, and to be disciplined enough to ensure that the budget guides every single Naira that is spent. Once this is done, young adults will soon realize just how much of an impact small and seemingly 'manageable' changes in spending will have on their finances; it will then be easier to better manage expenses and keep recurring monthly expenses as low as possible.

Because of the way compound interest works, the sooner a young adult starts saving for retirement, the less principal will be needed to be invested to end up with a reasonable retirement amount. This will make it easier for a young adult to be able to call working an 'option' rather than a 'necessity' much sooner than expected. Therefore, young adults should ensure they have a good retirement scheme going as early into their career as possible.

As a young adult, even before you get your first paycheck, it is important you know how income taxes work. This is so that you will be able to properly calculate if whatever starting salary you are being offered by a company will be enough to meet your financial goals and obligations, after taxes and the like have been deducted. Thankfully, there are plenty of online calculators that can help with this if your math skills are not so great. Paycheck City is one of such online calculators.

There is a popular saying that goes along the lines of 'if you don't learn to manage your own money, others will mismanage it for you'. There is no financial tip more important than this one. You simply need to learn to be responsible with money and take better control of your financial future. Learn to read a few basic financial books to better understand how money works, and use that knowledge to make money work for you. If you understand how money works and know what you are doing with money early on in your life, you will be able to avoid having to lament unnecessary 'stories that touch' to friends and family when things inevitably go awry with your finances.