The money lesson with Vtpass

Welcome to this money lesson.

We treat money as an end to all money conversations, whether as children or adults. The way we handle or spend money reflects our upbringing and cultural influence on our financial outlook. People spend money for a variety of reasons, including necessities, luxury and other insatiable human drives. However, funding problems make spending harder.

Human needs are insatiable, which means you will never fulfil all your desires. But if you can or want to try, how do you achieve them? Money is what you utilise. You buy stuff with money, go on dates with money, pay hospital bills with money and wish for more money. To put it another way, money makes things happen. The urge to earn more money is the negative aspect of money, and that in itself is not wholly negative. Having extra money opens up a world of possibilities for financial lifestyle.

Money allows us to purchase goods and services that can further our goals and ambitions. Having extra money can also open up opportunities to invest in other businesses, real estate, or the stock market, which can help a person increase their wealth even more. Money can also be used to pay for education, start a business, or get medical care. All of these things can help a person achieve their goals and live a more secure and satisfying life.

Even the most illiterate individual can understand income and expenditure. To understand your personal income statement, you do not need a degree in accounting or finance. Knowing these basic financial terms will take a long way towards helping you plan your future path, whether short or long-term. Simply put, income refers to money you earn or have earned over time (monthly for salaried employees or frequently for business owners and freelancers); and expenditure refers to money you will spend or have spent over time.


So the first money attitude this article recommends is understanding your financial statement. You should also understand that your expenses should never exceed your income at any given time; otherwise you should anticipate being in a difficult economic situation. Take a minute to study your financial statement for the previous 30 days to see what you made and spent. Only then will you have a complete picture of your economic status. 

Without this knowledge, you may be tempted to make decisions that would put you in a precarious financial situation. Having a clear understanding of your financial statement will help you make better decisions when it comes to spending and budgeting. Knowing where your money is going will also give you a better idea of what changes you need to make in order to improve your financial situation.

This is to disprove the notion that as a person becomes more capable or earns more money, his expense list should automatically grow. It is logical that a person could have an instinctive drive to earn more money so that they can spend more. People have mentioned over and over again that they don’t make much money or that their current financial situation prevents them from meeting their long list of expenses. However, one financial mistake you should avoid is increasing your expenditures exponentially as your income rises, otherwise, you’ll find yourself in the same sandstorm you just escaped. So the only way to avoid being trapped in the same economic quagmire is to eliminate superfluous spending from your budget


If there is one cliché that has been around for a long time, and that no one pays attention to, it is this. Rainy days must have happened to anyone who has been around for a long time. This isn’t about rain that falls from the sky on certain days; it is about unforeseen expenses that are just as vital as those that you plan for. In a nutshell, these are the unanticipated expenses that have arrived, and cannot be avoided; all you can do is settle the bills.

As a result, the popular phrase ‘save for rainy days’ comes to mind. This simply means that everyone should have an emergency fund plan. Don’t get them mixed up; they are both yours. The distinction is that your regular savings strategy should be long term (months or years), whilst your emergency cash should be readily available to save you on rainy days. 

Financial literacy is not harmful in any way; in fact, understanding how money works and having the appropriate mindset towards it is one of the many ways a person may grow to be a better person. Financial literacy enables you to handle your money more effectively, and it also allows you to confront your economic problems head on. This gives you a significant advantage, saving more money. Financial literacy can enable a person to make informed spending and earning decisions, which lead to a better economic position. 

By knowing how to manage their money, people can avoid debt and take advantage of opportunities to save and invest. This can help them build wealth and achieve financial security, which is a significant advantage in life.

MONEY LESSON 3 – Stay Healthy

Without mentioning the importance of maintaining health in fostering a positive attitude towards money, this article would be incomplete. Simply put, money is the cornerstone of happiness because of its ability to provide standard healthcare. A person’s physical and mental health will serve as a foundation for earning and spending. Hospital costs can consume a significant portion of a person’s income and lead to wasteful spending. Eating a well-balanced diet, exercising regularly and getting regular medical check-ups can help to keep a person’s health in control. Only a healthy person is able to save. Medical emergencies depletes a person’s money quickly.  

Your monetary mindset, or attitude towards money, has a big impact on your long term financial success. Many of our attitudes regarding money are based on ingrained childhood beliefs or previous monetary experiences. A person’s financial thinking or overall thoughts about money may be significantly altered by certain financial occurrences. The concept of money and how a person handles it is not inborn; rather, it develops over time as a function of circumstances and position.  Follow this conversation in the next money lesson.


Most people have learned the benefits of setting money aside for unexpected expenses. Want to hear something absurd, though? The majority of deposits today result in losses.

But, surprisingly, even with these losses, people still insist on saving money for future use.

How is that possible? The reality is that your money will actually be WORTH LESS in the future than it is now. This is if interest rates, which the bank pays you in exchange for deposits, are lower than inflation. Saving money is still how we accumulate funds for significant life events like weddings, a first home, or a family emergency. This doesn’t mean saving is bad. And it is obvious without saying that depositing money in a bank is much safer than hiding it under a mattress.

It is also noteworthy that current accounts in Nigeria accrue no interest irrespective of the tenor the money is kept.  

Your money in a bank account can only yield 3% per annum. Instead of keeping your funds in a savings account with a commercial bank, here are 3 ways to use your money well.


The majority of people don’t know about fixed deposit accounts. Investment deposit accounts are different from savings and current accounts because they are investment accounts. By investing your money at an agreed rate within a specified period of time, you’re reinvesting your money at a fixed rate. Depending on the institution, accrued interest rates may differ.

Fixed deposit accounts are attractive because they provide a guaranteed return on your investment, as long as you leave your money in the account for the entire duration of the fixed period. This means that you can be sure that your money will be safe and that you will make a profit at the end of the period.

In certain conditions, you can terminate your tour account before the due date, known as tenor. 


You can utilize your capital in running a side business, or work streams that bring passive income. You can take part in a start-up if you have enough capital. With this you have the opportunity to invest in high growth companies for the future. 

This can be a great way to increase your income without having to put in the same amount of time as a full-time job. And, if you are investing in start-ups, you can potentially get a great return on your investment and benefit from the growth of the company.


Diversify your portfolio in your investment journey. Having all your money in one investment increases risk. If that single investment fails, all your money could be lost. Investment is a long term strategy for building wealth The most successful investor invests early, then allows the money to grow for many years before using it. Invest in diverse forms, and you will know what to do next. 

Diversification helps to spread out the risk of your investments. By investing in a variety of different assets, you can mitigate the risk of any single investment failing drastically. This allows you to create a more stable portfolio that can handle market fluctuations over time, while still allowing you to benefit from the growth of your investments.

No matter what you are saving or investing in, have a specific set of goals. Know what you are working towards, as this will focus your spending and motivate you.

If you are looking for a strong motivation to propel you into doing more, then it would be good news to know that can provide the incentive for you to work faster and more convenient. At, we make for quick and convenient means of paying all pending bills. Just by logging in to, you can pay for your phone airtime- Etisalat, AirtelMTNGLO; your TV subscriptionelectricity billsdata subscription and so on.


We have some exciting news to share that will make managing your transactions a breeze. We are delighted to announce a major change to our transactions view page. This change is aimed at enhancing your overall experience.

At VTpass, we understand the importance of staying ahead of the curve and continuously improving our platform to meet your evolving needs. With this in mind, we have meticulously crafted a revamped Transactions View page.

With this update, we have set out to achieve two key objectives: first, to enhance your understanding of the status of each transaction initiated, and second, to provide you with powerful features that make navigating your transactions effortless. We’re confident that this revamp will empower you to take control of your transactions like never before.


As of this point, the API TRANS STATUS INSIGHT indicates that this transaction is pending. This means that you have been charged for this transaction, but the value is yet to be delivered as the transaction is processed by the service provider. You are advised not to refund your customer. In this case, feedback is expected to arrive within minutes of initiating the transaction.

Within minutes of initiating this transaction, you should click the “Re-check Status” button to get further insight into this transaction. This will open up a “Transaction Resolution” screen as shown in Image B below.

It will take a few minutes for this page to load successfully, and the results will be either of the following:


transaction completed view on the transactions view page.

This will confirm to you that the transaction was successful, and value has been delivered to the customer. A successful transaction means that the customer has received value for the product or service they paid for, and that their payment was processed without any issues.


transaction failed view on the transactions view page.

In case the window transits into this page, it simply means that the transaction failed, and could not be completed. In the event of this, we can assure you that you won’t be charged for this transaction. The window transition indicates that the transaction was unsuccessful and therefore it did not go through to the payment processor. As such, no charges have been made to your account and you will not be billed for the attempted transaction.

transaction reversed view on the transactions view page.

In this view, it means that the transaction failed, and couldn’t be delivered. The difference is that your wallet may be debited. Per adventure, if your wallet was debited in the process, it will be reversed automatically.

It is noteworthy that in the previous scenario where the transaction returned as FAILED, your wallet wouldn’t be debited. But in this case, your wallet, although previously been debited, would be refunded and the charges would be charged.

transaction resolved view on the transactions view page.

Stay tuned as we roll out this exciting updates in the coming days. In the meantime, don’t hesitate to contact our dedicated support team if you have questions or need assistance. We value your feedback, and we’re eager to hear your thoughts on the revamped Transactions View page.

Thank you for being part of our journey as we enhance our platform to serve you better. Here’s to smoother transactions!

At, we make for quick and convenient means of paying all pending bills. Just by logging in to, you can pay for your phone airtime- Etisalat, AirtelMTNGLO; your TV subscriptionelectricity billsdata subscription and so on.

Smile Internet FAQ & Answers

Not the literal smile 😂. The Smile Internet is an internet provider that provides broadband connections that is reliable, stable, and high-quality.

How can I buy a new router ?

You can buy a Router online under the Deals section or you can visit any certified Smile shop. You can also ask a representative from Smile to contact you by completing a contact form on the website.

Smile data now available on VTpass

What should I bring to successfully complete my KYC?

To complete your KYC successfully, please visit a Smile outlet that is a “certified KYC” store. Bring your Nigerian ID document or Passport if you are a foreigner. We will take a portrait photo in-store as well as biometrics. If you are a Nigerian Citizen please also bring your National Identification Number (NIN) with you.

What do I do if I’m repeatedly disconnected or experiencing slow speed?

Check for any appliances with magnetic fields in the vicinity, e.g. microwaves, ovens, disc satellite antennas, and redirect the router away from them. Try to move your router location while checking the signal indicator bar on your router. Two signal bars and above are sufficient to have a good browsing experience.

How do I set up the Smile 4G LTE router?

The Smile LTE router is a plug-and-play device. Just plug the router into a power socket, switch it on and either connect to your PC with a LAN cable or connect with your PC or mobile via Wi-Fi. The Wi-Fi- router password is on the back of the device.

How can my business securely connect remote devices to my network?

Remote devices like ATMs and Point-of-Sale terminals can access the back-end systems on your network via a Smile Corporate APN solution.

Read more. Pay your smile internet data connection here.