5 Tips for Managing Money in the University

5 Tips for Managing Money in the University

A common problem with university students is that they often find themselves low on cash. In fact, by the time many receive their next allowance, they live hand-to-mouth. Why is this? The answer is pretty straightforward – poor planning.

When you go off to university, you take your first independent step away from your family. It is up to every student to keep in mind that their parents are working with a budget. Proper planning will save many students the discomfort of being broke in a new city with no family or relatives around.

So, how can students be more thoughtful about their finances? Here are a few tips to help along the way:

  • Open A Student Bank Account: Many banks today have student accounts available and offer transportation, books, food, and a few other necessities. Always ask which options are best for a student, and avoid accounts with high charges on transactions and maintenance fees.
  • Buy Used Books: Buying used books is always a cheaper option, especially when you consider some books are only helpful for a year or a semester. You can find used book on Amazon or at thrift shops.
  • Start A Small Business: Monetize one of your skills, and you’ll have some extra money and be able to afford the lifestyle you want. Be mindful of your time so that you don’t “make money” to the detriment of your studies.
  • Buy Generic Products: Yes, brand names look nice, but they don’t serve any purpose beyond making you “look good”. Generic products usually have the same benefits and are more affordable.
  • Buy in Bulk: If you can afford to, buy all the groceries and supplies, you will need for a few weeks at once from a wholesale store. You can also team up with your friends or flatmates and do this. It’s cheaper than buying at retail stores and will save you the cost of a trip to the store every time you need something.

Want more tips on managing finances in the university? Purchase a copy of The Journey Begins today. The Journey Begins is a compass written to guide young students as they embark on the journey of university life. It contains quick tips and impactful advice on some of the situations they will encounter, intending to make their journey through the university easy and productive.

The Journey Begins is available on Okada BooksAmazonFlutterwave, and Worital.

You can also get one by sending a message to 0701 576 1267 via text or WhatsApp.

5 Things to Think About Before Starting A School

5 Things to Think About Before Starting A School

Running a school smoothly and effectively is not a walk in the park – especially not in its earliest stages. Parents want to choose a school that provides wholesome growth for their children, and rest assured in their decision. As a school owner, you want to ensure you are achieving the goals you set for yourself when you started. Matching these expectations can be tough on the entire school community.

That said, there are a few key factors to keep in mind when starting and running a successful school.

 

 The School’s Niche

Assess the community where you plan on starting your school and take into consideration the needs, wants, and resources of the families who live there. This will help you determine if your mission and vision are realistic. Will the socio-economic realities of the area support your school structure? You also have to think about what programs will be best suited for your prospective families.

Your Mission, Vision, & Values

Creating mission and vision statements for your school is one of the very first things you must do. These will lay a foundation for all that comes next.

Your mission statement explains why your school does what it does an should be written as though the school is already open. Your vision statement is aspirational; it is what you are striving for at your school. Your values set the culture of your school community; they are the fundamental beliefs upon which your school and its behavior will be based.

 

Choose Staff Wisely

To maximize your school’s potential, it is essential that you appoint teachers who are intelligent, skilled, and experienced. Teachers must also have leadership qualities and a wholesome understanding of the minds and behavior patterns of the children. They have to be patient and sympathetic towards them, but at the same time, they also have to know when and how to discipline the kids. A skilled staff enhances the school’s capabilities and ensures its success.

The School’s Finances

Starting a school requires developing a detailed budget that shows projected expenses and income. To maximize your success, you should engage the services of a financial professional, projecting income conservatively, and allowing for the unexpected.

Initial expenses may include purchase or rental of a property, construction, renovations, architect, contractor, legal and financial services, classroom furnishings, learning materials, outdoor play spaces, office equipment, technology, and marketing materials. Also be sure to be sure to project your faculty and staff salaries.

Income sources primarily include school tuition and application fees. It helps to consider other forms of income such as extended care and/or summer activities, and fundraising.

Physical Space & Materials

You need to think about what kind of facility your school will require. You will need to consider land and building needs and whether you will lease, buy, build, or renovate the space. Are suitable properties available, ideally with access to the outdoors? Carefully examine each space’s accessibility—including public transportation, major roads, traffic patterns, parking, and traffic flow during drop-off and pick-up. Also plan for potential expansions in the future.

Furnishings, resource materials, and teaching aids, are a few of the materials you will need to take into consideration. Learning materials are integral to quality implementation at every level of education.

As you can see, running a school involves a lot of planning. These factors are the foundation for any solid school. Before you even begin to break ground, you should have the answers to these questions clearly stated so you never lose sight of your goals.

For more tips on starting and running an effective school, follow me on Instagram, and twitter.

Until next time.

Five Attributes of Successful Schools

Five Attributes of Successful Schools

Students across Nigeria need effective schools. While the Nigerian school system as a whole may be falling behind international standards, there are still some schools that stand out.

For sure, the context of schooling will impact attributes that contribute to effectiveness in specific schools but at the same time, there are attributes that contribute to effectiveness across schooling contexts. If we understand the attributes of effectiveness, we can observe which attributes exist at successful schools.

There are five common attributes that make up an effective school.

  1. Leadership

The first attribute is quality leadership. Students perform better when the Principal and School Board members provide strong leadership. Effective leaders are visible, can successfully convey the school’s goals and visions, collaborate with teachers to enhance their skills, and are involved in the discovery of and solutions to problems.

  1. High Expectations

The second attribute is having high expectations of students as well as teachers. High expectations of students have repeatedly been shown to have a positive impact on student performance even here at Ladela Schools. Students are somewhat dependent on the expectations placed on them during this period of their lives, as they are still shaping their personal sense of ability and esteem. Teachers who are expected to teach at high levels of effectiveness can reach the level of expectations, particularly when teacher evaluations and professional development are geared toward improving instructional quality. Chapter 4 and 5 of THE SCHOOL GUIDE covers effective ways to build expectations on students and staff, evaluation, student leadership, working with teaching staff, professional development of staff and more.

“Set high expectations for all students and staff and be sure they are well aware of the expectations” …….The School Guide. 

  1. Ongoing Evaluation

It is necessary that students be evaluated on a regular basis to observe several skill sets, knowledge, understanding and overall study progress as described in The School Guide (See page 41). The effectiveness of this practice cannot be over emphasized as this practice has shown great results here at Ladela Schools. There should be an ongoing screening of student performance and development. Schools should use assessment data to compare their students with others from across the country/region. Effective use of assessment data allows schools to identify problematic areas of learning at the classroom and school levels, so that teachers can generate solutions to address the problems.

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4. Goals and Direction

According to research, the successful School Principal actively constructs goals and then effectively communicates them to appropriate individuals (e.g., students, teachers, and the community at large). School Principals must also be open and willing to incorporate innovation into goals for school processes and practices. The School Guide cover Strategic Planning, Goals and more on ways to get started and being effective at it. So it’s important to invite input from all stakeholders in the process of developing school goals. Student performance has been shown to improve in schools where the entire school community works toward goals that are communicated and shared among all in the learning environment.

5. Secure and Organized

The final attribute of a successful school is the extent to which the school is secure and organized. For maximum learning to occur, students need to feel secure. Respect is a quality that is promoted and is a fundamental aspect of an effective and safe school. Successful schools also have a number of trained staff and programs and workers who work with difficult or troubled students before situations get out of hand.

Apart from the five attributes of a successful school already mentioned, the size of the school seems to be an attribute in the school’s effectiveness. Research has found that the smaller the school, the better students perform, especially in the case of older students. Students in smaller learning environments feel more connected to their peers and teachers, pass classes more often, and are more likely to go to transit successfully to university.

Additional attributes that influence effective schools include time to learn, teacher quality, and parental trust. Research supports the view that the more time a student spends learning, and the more efficiently that time is used, the higher their achievement. Schools that find creative ways to extend learning time will likely be more effective. Furthermore, schools with high-quality teachers also tend to be more effective. The School Guide covers extensively ways to get the right Staff/Teachers, working with teachers, professional development and setting up an effective performance management system.

Schools able to hire teachers from high-quality teacher education programs are more likely to be effective. But school effectiveness can also be influenced by the frequency, relevancy, and quality of the teacher professional development offered by the school or school district. Teachers who haven’t had the opportunity to attend prestigious teacher education colleges still have several opportunities to develop after embarking on their professional career. Support for these initiatives at a school tends to improve overall teacher quality, regardless of their university of origin.

Trust and parental participation are also features of a successful school. Trust between all parties of the school community is vital for enhancing the school’s effectiveness because it supports the prospect that parents and teachers believe in each other’s motives and actions. Parental participation is also important because it sends the message to students that the adults in their lives–both teachers and parents—believe in the importance of education and are willing to make time to support students’ educational experiences and efforts.

How well does your school embody the five attributes of a successful school?