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Nairaland Forum / Nairaland / General / Career / Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong (34215 Views)
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Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Gfskw: 6:42pm On Sep 20, 2021 |
He is a simp and can never make it I turned 1m to 40m doing business 2 Likes |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Indispensable85(m): 6:50pm On Sep 20, 2021 |
Clout chaser |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by VTJN(m): 6:58pm On Sep 20, 2021 |
Resurgent2016:Interesting Please how can i get into any of these big4? Do you mind sharing or help a brother? Thanks |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Hydronium(m): 7:17pm On Sep 20, 2021 |
I think the problem is saving what's left after spending. The right order is spending what's left after saving. Assign a percentage to save every month, and you'll find that you can actually survive on what's left. |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by SheksYerima(m): 7:20pm On Sep 20, 2021 |
See how people dey waste money |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by VTJN(m): 7:20pm On Sep 20, 2021 |
crestedaguiyi:Don't be bothered sir. Your wife is quite prudent and you ain't doing bad. Don't place so much importance on social media talk sir. Just read and move Do not allow that tear your beautiful home apart or cause a rift between you guys 1 Like 1 Share |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Resurgent2016: 7:35pm On Sep 20, 2021 |
VTJN: https://home.kpmg/ng/en/home/careers/graduates.html 2.1, less than I think 25 or so You dont need to know anyone to get in. Same for pwc |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by JIREN01: 7:39pm On Sep 20, 2021 |
Innovia:what kind of investment? |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Yusufisraelj(m): 7:45pm On Sep 20, 2021 |
OkuFaba: Guy no be everybody get time for that zone. |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Write4me(m): 7:53pm On Sep 20, 2021 |
TarOrfeeek: |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Innovia: 8:02pm On Sep 20, 2021 |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Jaqenhghar: 8:03pm On Sep 20, 2021 |
Elxandre:If you are busy enough you wont have time for DSTV. I've been there. I had to disconnect it because I wasnt using it. If na to watch ball , joints dey. Some really nice joints with good service. A bottle of beer and you can watch as long as you like. |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Rick9(m): 8:17pm On Sep 20, 2021 |
All I see there are unnecessary expenses. One must learn to distinguish needs from wants. |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by cucumbar: 8:54pm On Sep 20, 2021 |
podium:why did you marry with 20k salary? 2 Likes |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by skayT: 9:03pm On Sep 20, 2021 |
Bros, where in Lagos you go see average looking 2-bedroom flat for 250k? You'll need to budget at least 400k, and you'll probably be living in the outskirts of Lagos. So imagine the person works on the island, how will such a person cope commuting to & fro? To be honest, the guy spends recklessly. He should move to a cheaper accommodation, and cut some costs. If care is not taken, even when he earns 1m, he no go still see anything save. Make him forget big boy forming O. If dem sack am for that job now, he go be like say the whole world is crashing on him, cuz there is no way he will be able to cope. The best thing is to invest. Cuz saving itself is useless with the rubbish currency called Naira chatinent: |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Elxandre(m): 9:07pm On Sep 20, 2021 |
Jaqenhghar:Same here though. I don't watch TV. Just the odd Netflix when I have guests or I'm super bored. But watching ball at home is fun sometimes. Especially ucl. Not safe to start moving about at night in this present naija. |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Areaboyfriend(m): 9:42pm On Sep 20, 2021 |
Romanoff: What inverter system are you using? Does it power your refrigerator? I need to cut down on my generator costs too. |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Nwunwa: 9:42pm On Sep 20, 2021 |
OkuFaba:mrchewwww |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by AK481(m): 9:46pm On Sep 20, 2021 |
chatinent:Na for ogun state you want rent flat for 250k? |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by WudBMother: 10:11pm On Sep 20, 2021 |
Rent - Security - 5,000 monthly Estate security - 3,000 monthly Cleaner - 5,000 monthly Dstv - 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 - Feeding - Hangout/chills/network - Clothing/wears/accessories - Electricity bill - 10,000(monthly) Gifts - 10,000(monthly- No wife/No GF) Home maintenance/personal care- 10,000 (monthly) Healthcare miscellenous - Internet data - Recharge card - Total = N395,200 Savings - 7,800 1 Like |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Tonybraton(m): 10:51pm On Sep 20, 2021 |
Gfskw: What kinda business boss |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by hybridblood07(m): 11:08pm On Sep 20, 2021 |
I just don't understand why his rent his 1M annually? Are you sure the person is mentally alright? I can see a lot of unnecessary spending on the list. He should go back and draw his board very well inoki247: |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by hybridblood07(m): 11:10pm On Sep 20, 2021 |
The Rent is very expensive. I know some stupid friends who can do such a thing. If you're not earning above half a million a month, then your rent should not be up to 1m annually. In my own opinion, his rent should not be more than 500-650k thorpido: 1 Like |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by benjijosh(m): 11:24pm On Sep 20, 2021 |
Honestly, I don’t think the breakdown is outrageous but the person is definitely living above their means. They need to cut down on less important things to them and save more. Their annual rent is justifiable to me. 3 months of your hard work to put a roof over your head is not that crazy. |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by mroyato(m): 12:30am On Sep 21, 2021 |
I have looked at this budget for almost 10 hours before making this post, and to be honest, there's absolutely nothing extravagant about it. As a matter of fact, all I see is a young man trying to live a very modest life. He didn't even have a plan for vacation, gadget upgrade, or a car upgrade plan in his budget. To shed some light, I will make a justification for some of the items on the budget. 1. Housing: I want to assume that this young man is resident in Lagos. For those who do not know, getting a decent apartment in lagos is costly. For a professional like him, it is equally important to live in areas where he can easily connect to the highland or mainland. Or would you rather him reside in egbeda, ikorodu or some funny neighbourhood where he will spend half of his life in traffic because he wants to save some money off his yearly rent? 2. DSTV: Would you rather have the young man go to the viewing center to watch a late champions league game at 8.45pm? Then on his way back home at 11.30pm, he gets harassed by the police who can decide to act funny with his destiny? I would rather him pay 9500 for DSTV so that he can watch his favorite teams whenever he chooses to. 3. Laundry: It's obvious that some people don't understand how tedious washing and ironing can be. For someone who's job requires him to work during weekends, he has no choice but to patronise a Laundry, and 2k for laundry every week is not out of proportion if you ask me. In some organisations, you could get sacked for simple issues like wearing rough and unironed clothes to work. 4. Feeding: 2500 per day at 800 naira per meal is a very modest budget. For those who are a strong advocate of home made meals, kindly quantify the time, energy, and resources required to convert your foodstuff into palatable food. When you are done with this, you will realise that you didn't make any significant saving by cooking yourself. For people who also leave home very early and arrive late at night, eating out is apparently the best option during the week. During the weekend, when you are not working, you may try to cook at home. It won't cost less either ways. On a last note, do not forget that a budget is only an estimated cost of expenditure. It does not necessarily mean that all the money will be consumed as planned. There will always be some unspent funds in some of the itinerary which can go into some other itinerary or end up as savings as the case may be. 4 Likes |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by sbot: 3:53am On Sep 21, 2021 |
EhisChelsea1: 1 Like |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by JimmyDarmody: 5:46am On Sep 21, 2021 |
Innovia:is a very very shameful |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by smogia1994(m): 6:11am On Sep 21, 2021 |
chatinent:This man above me has the shallowest brain ever. Your brain is so myopic that you think if it works for u it works for others, take abj or lag for instance hus is on a high side wait let me not lecture u mcheew |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by podium(m): 8:55am On Sep 21, 2021 |
cucumbar:I took a Step of faith.... I just finished my HND program last month. But I have sold my properties I achieve while I was single, also i am in much debt of about 90k. By the grace of God I will finish paying my debt before March next year and start a better life, from next year I will be working on how to do my clearance and hopefully go for service. I stay in a single room apartment... I have a friend who work in a bank earning more than 150k. But nothing to show up apart from wearing clothes... I have to deprived myself of so many things in other to Carter for my family... 2 Likes |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by eszytee(m): 10:14am On Sep 21, 2021 |
Even dey should get you arrested... Wen someone is earning 25k monthly nd leave comfortable... You con dey complained.... |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by ScofieldBello(m): 5:35pm On Sep 21, 2021 |
My formal manager once said and I quote "If you cannot manage 50,000:00NGN then you sure won't be able to manage 500,000:00NGN" I did not understand him back in the days. I know better now as I see people who are constantly in debt even when they have decent jobs. Mr, you are practically living from hand to mouth. You have to cut back. And reflect! |
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Donclique(m): 8:01pm On Sep 21, 2021 |
Gfskw: Wat kind of business if I may ask? |
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