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Nairaland Forum / Nairaland / General / Family / How Much Does It Take To Run A Family Of 3 In Lag/abj (463 Views)
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How Much Does It Take To Run A Family Of 3 In Lag/abj by BigBashiru: 1:35pm On Jan 13, 2021 |
Monthly or yearly? |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by ibechris(m): 1:49pm On Jan 13, 2021 |
In Nigeria,it takes two income family to be able to live well. This is because nothing is certain in Nigeria now and that certainty is the core area of worry to everyone/family. However,u may need to have a passive income for sustenance such that if u are a salary earner, it will make up for any change in the price of good services especially when ur wife does not support u. For me,I will say apart from school fees and cost of maintaining children...put down 40k to 60k a month. |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by legacystore: 1:52pm On Jan 13, 2021 |
80k monthly is manageable Food portion must be well reduced |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by Nobody: 2:01pm On Jan 13, 2021 |
BigBashiru: It depends largely on your lifestyle and standard of living. If your standard of living is high, then on an annual basis, you'll be running on close to a 1.5million but if its an average standard, it will be like 750k annually. housing inclusive. But definitely not on the island. Somewhere around mainland you can still get this standard for that amount. |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by BigBashiru: 2:24pm On Jan 13, 2021 |
ibechris: Im looking for the cost of feeding for husband, wife and a child who is 4years old.... |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by BigBashiru: 2:25pm On Jan 13, 2021 |
CalliDora1: rent in lagos alone is 750k oh for bq or self contained. 1.5 million is rent alone for a 2 or 3 bedroom flat... |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by Nobody: 2:26pm On Jan 13, 2021 |
In Lagos, school fees exclusive, budget a minimum of N100k-N150k monthly. And you'll still have to manage some things. Anything less than that and you're either cutting meals, living on top of each other in a smaller house than you really need, or delaying car repairs a month or two when you have breakdowns. |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by Nobody: 2:36pm On Jan 13, 2021 |
BigBashiru: Yeah 750k is for 1bedroom flat per annum. But 1.5 for 2 bedroom flat per annum. So just add other costs like feeding, utility bills and clothing which should be around 500k per annum. You'll be running on close to 2m. |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by ibechris(m): 3:01pm On Jan 13, 2021 |
BigBashiru: Put down in writing everything u guys eat in a month including yourself and estimate it in money terms and get the final cost. Then map out ur budget with it for the month. That is how I have been doing mine just to enable me to save some cash. 1 Like |
Re: How Much Does It Take To Run A Family Of 3 In Lag/abj by SILENTandSMART2: 4:01pm On Jan 13, 2021 |
If you're a serious man 18 thousand naira is enough , Jussss cut what you can carry |
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