The Wealthy Woman Africa

Meristem Money Market Fund — 22.09% p.a.
Minimum: ₦5,000

Zedcrest Money Market Fund — 21.62% p.a.
Minimum: ₦1,000

Chapel Hill Denham Money Market Fund — 20.73% p.a.
Minimum: ₦5,000

Coronation Money Market Fund — 20.54% p.a.
Minimum: ₦10,000

STL Money Market Fund — 20.35% p.a.
Minimum: ₦5,000

AlICO Money Market Fund — 20.24% p.a.
Minimum: ₦5,000

First Ally Money Market Fund — 20.01% p.a.
Minimum: ₦5,000

DLM Money Market Fund — 19.68% p.a.
Minimum: ₦10,000

Stanbic IBTC Money Market Fund — 18.5%–19.5% p.a.
Minimum: ₦5,000

But don’t choose a money market fund simply because it has the highest yield.

Consider the current yield, fees, fund size, liquidity, investment strategy and track record before investing.

Also remember that MMF returns are not fixed and can change with market conditions.

Save this post for when you’re comparing where to keep your short term naira.

For educational purposes only. This is not financial advice. Do your own research before investing.

The interesting part?

You don’t necessarily need to choose the “highest-paying” career.

Choose a career where you can become exceptionally good, highly valuable and financially smart.

Which one would you choose?

School fees are getting harder to fund, especially when you are also dealing with rent, food, transport, healthcare and other rising expenses.

One thing that can help is to stop looking at school fees as a large bill that appears every term and start treating them as a planned annual expense.

If your child’s school fees are ₦400,000 per term, that’s ₦1.2 million across three terms.

Instead of waiting for each ₦400k payment, you can gradually work towards the annual amount by setting aside money each month.

And if you’re saving for a short term goal like school fees, remember: you don’t need to chase the highest returns. You need to protect the money and have it available when the bill is due.

Start with what you can afford. Increase it when you can.

What’s your biggest challenge when it comes to planning for school fees?

Save this post for your next school fees planning session.

Your 40s can be the decade where you finally get serious about your money.

You are not too old.

You just need to start.

Your environment can shape what you believe is possible.

Don’t be afraid to connect with people who are ahead of you. Learn from them, build genuine relationships, and add value too.

It’s not social climbing. It’s intentional growth.

Sometimes, the opportunity you need is in a room you haven’t entered yet.