Re: How To Manage Your Salary Wisely by Oluwatosiiinnn(f): 1:05pm On Mar 02, 2022 |
Ok |
Re: How To Manage Your Salary Wisely by Angelfrost(m): 1:05pm On Mar 02, 2022 |
In summary...
Stop trying to look richer than your bank account!!!
Godliness with Contentment is great gain (1 Timothy 6:6)! 2 Likes |
Re: How To Manage Your Salary Wisely by phemmyfour: 1:08pm On Mar 02, 2022 |
TheFinance101: It’s the first week of the month and your salary has finished. Why? If you can’t comprehensively answer that question then this post is for you.
Your salary or income is what most determines your lifestyle. Being able to manage your money effectively can be the difference in how and when you achieve financial freedom. If you are struggling with managing money, here’s how you can build a money routine that will ensure you meet your financial goals.
1. Track your spending The first step to managing your salary wisely is to know where every cent is going. Keep an eye on how much you’re spending and for what, especially when it comes to personal expenses.
Make use of tracking apps, spreadsheets or even a book and pen if that’s what works for you, but you should be able to account for every penny of your paycheck.
2. Stick to your budget Budgeting is the baseline of all financial planning. It helps you stay in control of your money and allows you to keep a track of your expenses.
Plan for every expense carefully; whether it’s the 50-30-20 or 70-20-10 budgeting rule you intend to use, make a budget and stick to it.
3. Pay Off Debts Another step to managing your salary wisely is to include a provision to pay off existing debt on time. It should be a priority when planning your salary.
Debt can be a heavy burden on your personal finances. You should consider paying them off as soon as possible once you start to generate a steady revenue stream.
4. Invest in what works for you Besides an emergency fund, you should set aside some of your income towards investing for the future. You can start small while you figure out what option works best for you.
Depending on your age and your financial goals, create an investment plan and build a diversified portfolio to secure your future.
5. Treat yourself wisely It's important to leave room for some of your wants to stay on track. If you don’t, you’ll be discouraged and eventually give into the pressure to splurge unnecessarily.
Just remember to keep it simple. If you want to buy yourself a gift, it should be budgeted for. Planning for your future doesn’t mean you have to sacrifice your happiness in the present.
6. Automate your finances Putting your money on autopilot is a really great way to successfully stick to your budget and financial goals. You can sign up for automatic debits or set up bill pay with your bank.
Do this for your savings, investments and bill payments to ensure they are paid on time. Make necessary adjustments occasionally to ensure everything is going as planned. Final Thoughts The biggest favour you can do yourself is to smartly manage your money once your salary is paid. To live a comfortable life, implement these habits to make it easy for you to manage money.
When your debt is greater than your emolument, all you wrote up there won't work 4 Likes |
Re: How To Manage Your Salary Wisely by Bmaster(m): 1:14pm On Mar 02, 2022 |
Stop gambling, And desist from watching porn online,it will consume a lot of data that you can't imagine,
I'm talking from experience. Imagine spending roughly 12k on data sub only within 30 days,simply because you went after RK.com or other Brazzers porn sites. 3 Likes |
Re: How To Manage Your Salary Wisely by badboyTee(m): 1:17pm On Mar 02, 2022 |
You didn't mention stay away from loan app if you want to enjoy your salary 5 Likes
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Re: How To Manage Your Salary Wisely by badboyTee(m): 1:17pm On Mar 02, 2022 |
Bmaster: Stop gambling, And desist from watching porn online,it will consume a lot of data that you can't imagine,
I'm talking from experience. Imagine spending roughly 12k on data sub only within 30 days,simply because you went after RK.com or other Brazzers porn sites.
ogbeni your preek DON hear am for your hand ![cheesy](https://www.nairaland.com/faces/cheesy.png) 2 Likes |
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Re: How To Manage Your Salary Wisely by Bmaster(m): 1:24pm On Mar 02, 2022 |
badboyTee: ogbeni your preek DON hear am for your hand ![cheesy](https://www.nairaland.com/faces/cheesy.png) ![grin](https://www.nairaland.com/faces/grin.png) No be small thing comrade. Sometimes I just conclude men are meant to suffer with pretty smiles on their faces,what a burden! 2 Likes |
Re: How To Manage Your Salary Wisely by ajayiopy: 1:24pm On Mar 02, 2022 |
TheFinance101: It’s the first week of the month and your salary has finished. Why? If you can’t comprehensively answer that question then this post is for you.
Your salary or income is what most determines your lifestyle. Being able to manage your money effectively can be the difference in how and when you achieve financial freedom. If you are struggling with managing money, here’s how you can build a money routine that will ensure you meet your financial goals.
1. Track your spending The first step to managing your salary wisely is to know where every cent is going. Keep an eye on how much you’re spending and for what, especially when it comes to personal expenses.
Make use of tracking apps, spreadsheets or even a book and pen if that’s what works for you, but you should be able to account for every penny of your paycheck.
2. Stick to your budget Budgeting is the baseline of all financial planning. It helps you stay in control of your money and allows you to keep a track of your expenses.
Plan for every expense carefully; whether it’s the 50-30-20 or 70-20-10 budgeting rule you intend to use, make a budget and stick to it.
3. Pay Off Debts Another step to managing your salary wisely is to include a provision to pay off existing debt on time. It should be a priority when planning your salary.
Debt can be a heavy burden on your personal finances. You should consider paying them off as soon as possible once you start to generate a steady revenue stream.
4. Invest in what works for you Besides an emergency fund, you should set aside some of your income towards investing for the future. You can start small while you figure out what option works best for you.
Depending on your age and your financial goals, create an investment plan and build a diversified portfolio to secure your future.
5. Treat yourself wisely It's important to leave room for some of your wants to stay on track. If you don’t, you’ll be discouraged and eventually give into the pressure to splurge unnecessarily.
Just remember to keep it simple. If you want to buy yourself a gift, it should be budgeted for. Planning for your future doesn’t mean you have to sacrifice your happiness in the present.
6. Automate your finances Putting your money on autopilot is a really great way to successfully stick to your budget and financial goals. You can sign up for automatic debits or set up bill pay with your bank.
Do this for your savings, investments and bill payments to ensure they are paid on time. Make necessary adjustments occasionally to ensure everything is going as planned. Final Thoughts The biggest favour you can do yourself is to smartly manage your money once your salary is paid. To live a comfortable life, implement these habits to make it easy for you to manage money.
CONVERT WHATEVER YOU ARE EARNING TO USD AND COME BACK HERE TO TELL US. WELL I READ THE RIGHEST MAN IN BABYLON AT TENDER AGE AND THAT HELPS |
Re: How To Manage Your Salary Wisely by DoggoneDogg: 1:26pm On Mar 02, 2022 |
TheFinance101: It’s the first week of the month and your salary has finished. Why?
This question is too strong
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Re: How To Manage Your Salary Wisely by Nobody: 1:30pm On Mar 02, 2022 |
Play 2odd Everytime u get ur salary and u have double ![cool](https://www.nairaland.com/faces/cool.png) |
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Re: How To Manage Your Salary Wisely by Emir01: 1:33pm On Mar 02, 2022 |
It's difficult to stop giving money to parents and siblings. My money is for humanity but still stick your budget. You can only cut unnecessary speeding and ensure you invest part of your money no matter how small it is. Please save during rainy days. 1 Like |
Re: How To Manage Your Salary Wisely by FullBlastLight: 1:38pm On Mar 02, 2022 |
Bounceboune7: Can this apply to salary of 30k too?
Hahaha... For 30k, honestly, anywhere d pesin hide d money, naim go go collet am, when hunger don wan kii d pesin! Unless by God's grace, 30k is much too meagre, dt it can't even handle d much important basic existential needs! ![grin](https://www.nairaland.com/faces/grin.png) 2 Likes 1 Share |
Re: How To Manage Your Salary Wisely by Nobody: 1:40pm On Mar 02, 2022 |
For this inflation? |
Re: How To Manage Your Salary Wisely by badboyTee(m): 1:42pm On Mar 02, 2022 |
Bmaster: ![grin](https://www.nairaland.com/faces/grin.png)
No be small thing comrade.
Sometimes I just conclude men are meant to suffer with pretty smiles on their faces,what a burden! ![grin](https://www.nairaland.com/faces/grin.png) |
Re: How To Manage Your Salary Wisely by seyz91(m): 1:43pm On Mar 02, 2022 |
![cheesy](https://www.nairaland.com/faces/cheesy.png) abi uthlaw: Depends on the salary,no b all dis peanut may no de do person for 2weeks! |
Re: How To Manage Your Salary Wisely by seyz91(m): 1:44pm On Mar 02, 2022 |
![cheesy](https://www.nairaland.com/faces/cheesy.png) Ebusava: People never get job for Naija, you come dey teach them how to manage salary... Which salary? |
Re: How To Manage Your Salary Wisely by seyz91(m): 1:44pm On Mar 02, 2022 |
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Re: How To Manage Your Salary Wisely by Psoul(m): 1:58pm On Mar 02, 2022 |
Bounceboune7: Can this apply to salary of 30k too? If you are on the salary of 30k/mnth, learn how to live within what you earn. If you think you cannot live within that, then find a way to increase your earnings. Do go living above what is available for you. Don't go into expenditure competition wt people that earn higher than you. Don't live another person's life. There are 30K earners still doing things better than higher earners. All that is needed is financial discipline and prudent spending. 2 Likes |
Re: How To Manage Your Salary Wisely by ayofe72(m): 2:12pm On Mar 02, 2022 |
Really. In this bubu economy. Wey ur first lady self don relocate to Dubai.
Admission is ongoing for Sept intake for universities/colleges in Canada, UK, Ireland and Europe.
This is one of the legal pathway to relocate with your family abroad through study route. |
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Re: How To Manage Your Salary Wisely by phrex(m): 2:16pm On Mar 02, 2022 |
Plz brothers. I'm in need of ur assistance. I just got a job in abuja which i applied for. Right now i'm in ogbomosho and right nw i'm broke. Pls help me in which ever capability. 3072751863 Olawade opeyemi FBN |
Re: How To Manage Your Salary Wisely by Plus10(m): 2:20pm On Mar 02, 2022 |
In addition,stay away from loan sharks 2 Likes |
Re: How To Manage Your Salary Wisely by mastermaestro(m): 2:21pm On Mar 02, 2022 |
H2ho: Question: How To Manage Your Salary Wisely Answer: Give the 70% of your total income to your WIFE ![grin](https://www.nairaland.com/faces/grin.png) Funny but very true. |
Re: How To Manage Your Salary Wisely by nickyj19: 2:39pm On Mar 02, 2022 |
TheFinance101: It’s the first week of the month and your salary has finished. Why? If you can’t comprehensively answer that question then this post is for you.
Your salary or income is what most determines your lifestyle. Being able to manage your money effectively can be the difference in how and when you achieve financial freedom. If you are struggling with managing money, here’s how you can build a money routine that will ensure you meet your financial goals.
1. Track your spending The first step to managing your salary wisely is to know where every cent is going. Keep an eye on how much you’re spending and for what, especially when it comes to personal expenses.
Make use of tracking apps, spreadsheets or even a book and pen if that’s what works for you, but you should be able to account for every penny of your paycheck.
2. Stick to your budget Budgeting is the baseline of all financial planning. It helps you stay in control of your money and allows you to keep a track of your expenses.
Plan for every expense carefully; whether it’s the 50-30-20 or 70-20-10 budgeting rule you intend to use, make a budget and stick to it.
3. Pay Off Debts Another step to managing your salary wisely is to include a provision to pay off existing debt on time. It should be a priority when planning your salary.
Debt can be a heavy burden on your personal finances. You should consider paying them off as soon as possible once you start to generate a steady revenue stream.
4. Invest in what works for you Besides an emergency fund, you should set aside some of your income towards investing for the future. You can start small while you figure out what option works best for you.
Depending on your age and your financial goals, create an investment plan and build a diversified portfolio to secure your future.
5. Treat yourself wisely It's important to leave room for some of your wants to stay on track. If you don’t, you’ll be discouraged and eventually give into the pressure to splurge unnecessarily.
Just remember to keep it simple. If you want to buy yourself a gift, it should be budgeted for. Planning for your future doesn’t mean you have to sacrifice your happiness in the present.
6. Automate your finances Putting your money on autopilot is a really great way to successfully stick to your budget and financial goals. You can sign up for automatic debits or set up bill pay with your bank.
Do this for your savings, investments and bill payments to ensure they are paid on time. Make necessary adjustments occasionally to ensure everything is going as planned. Final Thoughts The biggest favour you can do yourself is to smartly manage your money once your salary is paid. To live a comfortable life, implement these habits to make it easy for you to manage money.
Add THIS ############## STOP GAMBLING 1 Like |
Re: How To Manage Your Salary Wisely by winner37(m): 2:44pm On Mar 02, 2022 |
in a situation when family issues on your head and less amount of salary falls in your account it's hard to saved. |
Re: How To Manage Your Salary Wisely by luminous460(m): 2:56pm On Mar 02, 2022 |
A level of discipline is required to comply |
Re: How To Manage Your Salary Wisely by lonelydora: 3:14pm On Mar 02, 2022 |
1 Like |
Re: How To Manage Your Salary Wisely by EmmaLege: 3:17pm On Mar 02, 2022 |
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