Four persons rescued from fatal auto crash in Lagos

Gold Emmanuel Yesterday

Four persons rescued from fatal auto crash in Lagos

Four persons have been rescued by the Lagos State Emergency Management Agency, LASEMA, in a fatal auto crash in Lagos State.

The Permanent Secretary of the agency, Dr Olufemi Oke-Osanyintolu, confirmed this in a statement issued on Tuesday in Lagos.

He disclosed that the incident had happened on Monday evening, adding that the victims sustained severe injuries in the accident which involved two buses.

According to the statement, the Toyota Coaster bus had crashed into the parked BRT while attempting to overtake a car as it headed towards Iyana-Oworo.

Oke-Osanyintolu, noted that the agency had received a distress call and immediately activated its emergency response team from the Command and Control Centre in Alausa, Ikeja.

“The injured victims received pre-hospital care treatment from the agency’s paramedics before being evacuated to nearby government-owned hospitals,” he stated.

Read Original Article on Gistreel

Author: Gold Emmanuel

03 Dec 2024 @ 17:04pm

Category: NewsPoint - The News Aggregator

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How AI is Transforming Personal Finance: A Guide to Smarter Money Management

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Managing money effectively is essential for a secure future, but it can often feel overwhelming. Thankfully, artificial intelligence (AI) is stepping in to make personal finance smarter, more personalized, and easier to navigate. Whether you're budgeting, investing, or planning for retirement, AI can revolutionize how you manage your money. Here’s a look at how AI is transforming personal finance and how you can take advantage of it.

1. AI-Powered Budgeting Tools for Smart Money Management

Budgeting used to mean spreadsheets and manual calculations, but AI tools like Mint and YNAB (You Need a Budget) have simplified this process. These apps analyze your spending, categorize expenses, and offer actionable advice to help you save.

Example in Action:
If your dining expenses are higher than usual, the app might suggest reducing takeouts or exploring grocery discounts to save more.

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AI creates a budget tailored specifically to your financial habits, helping you cut unnecessary costs and save effectively.

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Investing can be intimidating, especially for beginners. AI-driven platforms like Betterment and Wealthfront offer robo-advisors that manage investments for you. These tools assess your risk tolerance, financial goals, and market trends to build a portfolio designed to maximize returns.

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AI eliminates emotional biases in investing, ensuring your money is managed based on data and market conditions.

What You Gain:
A hands-off, efficient way to grow your wealth, even if you're new to investing.

3. Automating Savings Goals with AI Apps

Saving money is easier when it's automated. AI tools like Digit and Qapital use algorithms to analyze your income and expenses, automatically setting aside money for your goals—whether it's an emergency fund or a dream vacation.

The AI Advantage:
These apps save small, manageable amounts you won’t even notice, helping you build a cushion without sacrificing your lifestyle.

4. Protecting Your Finances with AI Fraud Detection

Fraud and unauthorized transactions are a constant threat in today's digital world. Banks and payment platforms like PayPal and Chime use AI to monitor transactions for unusual activity.

How It Protects You:
If your card is suddenly used in a foreign country, AI flags and blocks the transaction, instantly notifying you.

Why It’s Essential:
AI ensures your financial data is secure, providing peace of mind while you manage your money online.

5. Optimizing Loans and Credit Scores with AI

AI tools like Credit Karma and Experian Boost help you monitor your credit score, find the best loan options, and even suggest ways to improve your creditworthiness.

Example in Action:
AI might recommend paying off a high-interest credit card first or consolidating debt to save money.

Your Takeaway:
With AI, you get tailored advice to improve your financial standing and access better loan deals.

6. AI in Retirement Planning for Future Security

Planning for retirement can be overwhelming, but AI tools like Wealthfront and Blooom simplify the process. They calculate how much you'll need and optimize your retirement accounts to ensure long-term growth.

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You can plan with confidence, knowing you're on track to retire comfortably.

How to Start Using AI for Your Personal Finances

Define Your Goals: Are you looking to save, invest, or improve your credit?
Choose the Right Tools: Use apps tailored to your needs, like Mint for budgeting, Betterment for investing, or Credit Karma for credit management.
Stay Engaged: While AI does the heavy lifting, regularly review your progress to ensure your goals are on track.

The Future of Money Management is Here

AI is more than just a tool—it’s a revolution in personal finance. From automated budgeting to smarter investments and enhanced security, AI makes managing money easier and more effective. By adopting AI-powered tools, you can take control of your finances, save more, and achieve your financial dreams.

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Four persons rescued from fatal auto crash in Lagos

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How AI is Transforming Personal Finance: A Guide to Smarter Money Management

1. AI-Powered Budgeting Tools for Smart Money Management

2. Smarter Investments with AI Robo-Advisors

3. Automating Savings Goals with AI Apps

4. Protecting Your Finances with AI Fraud Detection

5. Optimizing Loans and Credit Scores with AI

6. AI in Retirement Planning for Future Security

How to Start Using AI for Your Personal Finances

The Future of Money Management is Here

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