Someone earns about 400k monthly which is suppose to be a very good salary, but his expenses despite frugal is not cutting it.. he has been advised on marriage countless times, but he does not just know how to support such. He tries to make people see reason as to why the "big boy tag" does not fit because he cant see it at all..

- his job prevents me from cooking and he really does not know how to cook either, really really bad at cooking.
- he stays in an apartment of 1m/annum, which is somewhat not luxury I think.

Rent - 84,000 monthly (average 2 bed)
Security - 5,000 monthly
Estate security - 3,000 monthly
Cleaner - 5,000 monthly
Dstv - 9,500 monthly
Auto Fueling - 50,000 monthly
Auto servicing - 7,000 (3mths projection)
Auto miscellenous/charges - 10,000 (tolls,pr)
Generator fuel/service - 30,000 monthly
Laundry - 10,000 monthly
Feeding - 77,500 (2,500/day)
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly)
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)

Total = N395,200
Savings - 7,800

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.

Where is the 400k first send it then I would consider if it's that bad

He no dey fvck Hoelosho??

Where is the Hoelosho budget??

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.

He lives a pennywise-man-foolish lifestyle. How can you be paying rents almost thrice your monthly net income?

Just look at the whole expenses listed there!

If I were earning ₦400k, I'd relocate to a flat where I can pay at maximum, ₦250k yearly (and that's because I want to have a family). A two bedroom flat is okay for a start.

I'd use my first monthly to pay it off, doing a little refurbishment too. I like to buy foodstuff in bulk so I am definitely going to spend up to ₦80k for it. If I don't have a freezer, I wouldn't bother buying goods that are too perishable. I would save for a freezer and a generator together.

I have to buy the major things so as to enable me begin to save. Sorry I didn't tell you, I don't save. I actually invest. I'd start up sth else with the saving..rather than leaving it lying adamant.

It's not a must to live a big boy life!

Look at the figures he uses to flex. To spend on top drink and woman!

So e no fit wash cloth or save up for a washing machine and drier?

Data for ₦10k? E should kuku send a CV to PornHub. Abi free WiFi no dey workplace?

Recharge card for ₦15k? Sure this uncle want to live long in this life? Even Elon Musk doesn't recharge ₦15k.

Cleaner ₦5k? En hand dey pain am? Why can't he marry and send this to his wife instead?


In fact, let me stop analysing. How old is his stupidity if I may ask?

Tell him to use the savings of ₦7800 to buy GO90 and Snipper and drink! He doesn't deserve to waste the oxygen others need. Better still, make una call Cele people to flog out the Aso-Rock demon in him.

It's nice to cloth your clothes according to your cloth size.

No go dey compete with people who depend on their family when your family depends on you!

When the month ends let him give his biological Mother N300,000.


By the end of the year his savings should be in excess of N1,000,000.



Just try it.

if you can't manage 400k laik diz in diz Economy dat means you're living above your earning...


Wetin u go come talk abt someone collecting 30k N Power money married with 2kid...

if you can't survive with 400k monthly den even if u du blood money u no go still survive....

why will you be living in a place that cost almost 3month of your salary..

N1m rent per annum is much for a salary of N400k per month.
If he doesn't cook, he can still cut down on feeding.Bread and tea/coffee sometimes, make noodles etc. He could also get a cook to make meals weekly and he stores in the freezer and microwaves.
There are other places he can cut expenses.

I think he is just too wasteful on a 400 k salary, he is pratically spending himself into poverty

Use https://www.numbeo.com/cost-of-living to calculate standard and Average cost of living per city accross the world and you might understand something is fundermentally wrong with your friend

I have lived in Ajman, Dubai, Sharjah, and Abudhabi, UAE,

Lagos, Ibadan, Abeokuta, Abuja in Nigeria

Muscat , Oman

And take out price variation regarding rent and utility... I can categorically say your friend is wasteful

✓Rent - 84,000 monthly (average 2 bed)

* A sensible Batchelor lives in a single bedroom apartment or shared apartment so Rent should be ₦42,000 a month for a single room within such complex or what does he need the second empty room for?

✓ Security - 5,000 monthly

*a single Halogen security officer cost ₦30000 a month to hire and can secure a full apartment building you should not pay more than ₦2000 as your share for a room
Estate security - 3,000 monthly

*in a gated estate you pay single security levy and not multiple


Cleaner - 5,000 monthly ✓
Dstv - 9,500 monthly✓

Auto Fueling - 50,000 monthly

* what do you need 300 litters of petrol for in a month you either get a place close to work or use a more Fuel Eonomic car, must you drive a V8 engine Benz
Auto servicing - 7,000 (3mths projection)

Auto miscellenous/charges - 10,000 (tolls,pr)✓
Generator fuel/service - 30,000 monthly Get an inverter system
Laundry - 10,000 monthly ✓
Feeding - 77,500 (2,500/day) * order soup and refrigerate it for the week, and make your own meal
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly) * get state health insurance
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)



.

For one person.

This person is living a large life.

A family of two feeds on 50k per month conveniently.

His feeding bill is off the roof.

He needs to cut down on data and airtime usage.

He needs to get an inverter, with 250k, he can get one that will serve him well for a long period of time. I've used mine for over a year without servicing, I only replaced the water.

He needs to cut down on his hangout expenses.

If he's a commuter that goes from work to house, his fueling bill will reduce.

What a disaster, how can someone eats up 100% of their earnings consistently ?

7500 weekly for chilling?

Over 77k monthly for feeding?

Must you go and chill every single week?

Buy your vodka, keep in your fridge and get high at home - save money.

Buy food stuffs, eat home cooked meals - stop spending money in restaurants.

If you don't know how to cook, get yourself a loyal babe who can help you make soup and stew to put in your freezer.

Use you head oo

Many people are praying to God for that kind of salary oo

Anything can happen at anytime and you can lose the job.

Stay at alert oo

OkuFaba:
He no dey fvck Hoelosho??

Where is the Hoelosho budget??

It is classified under Hangout/Chills/Network. No be everything person dey loud nah, be coded my Nigga

400k is now about 700 dollars just less than a decade ago this same sum was 2500 dollars...... Anywhere you go on earth 700 dollars a month is tight living

I am sure you live at Lekki/Ajah axis, houses are costly there, imagine paying over 1M yearly for house rent. Guy you de try o.

SarkinYarki:
400k is now about 700 dollars just less than a decade ago this same sum was 2500 dollars...... Anywhere you go on earth 700 dollars a month is tight living

Take out rent $1000 or ₦411,000 would give you a comfortable living in Miami without dependants. Except for gluttons or addicts

Jerryherd:



Take out rent $1000 or ₦411,000 would give you a comfortable living in Miami without dependants. Except for gluttons or addicts

I see you are trying to propel Emeiefele lie that a dollar is 411 naira ...this is ostrich economics

SarkinYarki:


I see you are trying to propel Emeiefele lie that a dollar is 411 naira ...

As a student you get official rate with your student visa, not abokifx rate

Not bad!

BUT

A bird at hand worths more than ten in the bush!


If you manage yourself well, you can save more:

1. There are houses that are cheaper
2. You can cut down on the amount you spend on fuelling your car by knowing when to drive out and when not to, when to board public vehicles and pack your car and when to trek too.
3. You can drop Dstv and go for lesser one like Go Tv etc.
4. Paying 3k for estate and 5k for compound security can be reduced when you move to a not-so-expensive neighbourhood.
5. The amount you spend on cleaning and laundry can be reduced if you begin to do certain things by yourself.

The earlier you accept the reality that Nigeria is getting tougher the better for you.

Plan your marriage now and make necessary adjustments now. You must definitely marry and have children, why procrastinate this reality?

His job prevents him from cooking. That is to say, he has little or no time at home. Who is the DSTV subscription meant for?

Mtchew

Rent 84,000 a month WTAF?! Nah Total Estate him dey live?

For a single guy/lady. It is perfect.

For a family with kids, the parents must double their hustle. Family income of not less than 1m per month is needed to meet the family's needs like education, vacation, health, professional development, accommodation, sufficient savings and other responsibilities.

BAD salary... 400k or 40k ?

You will come back in 10 years time, and you'll ask if 4 million is a bad salary in tomorrow's Nigeria?

Nigeria should not be ended o. Let's keep rocking BBNaija jare. E be like barca sef get match tonight.

One Nigeria

Yawns***

U

It's just okay

We that are not even earning UpTo 10k will say yes




But even if you are married with two kids if your wife dont have a sly queen/ gold digger mentally if you earn 400k per month minimum 1year 6month (1 and the half years) you don't have a house of your own


You are not normal


My opinion tho

Not too bad , but looking at the average cost of things . 400k is the new 50k

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Imagine question

E no reach anything o except its net of paye and pension

You go just dey ok but you no go fit build better 4 bedroom duplex in 5 years if that's your only source except you never marry.

Food alone will take 100k at 25k per week for you wify and 2 kids

I beg where una de see this kind jobs

John389:
I beg where una see this kind jobs

I was about asking too

They just come on here to intimidate us with high earnings..