Re: Is ₦650k Monthly Income Not Considered A Good Income? by fman(m): 4:59pm On Jan 12 |
harjay1986:
I reside in Ogun state, two bedroom flat 200k per year, no agent fees, which I save 20k per month for, every time we get paid, my wife will buy basket of peppers and tomatoes from farmers at cheap prices, then we grind it and place it inside freezer, from our compound we raise turkeys and chickens that serves as protein only spend 20k for their feeding per month, as buying Gari and Beans in local Market which come with low price sometime I do make garri from scratch at home .... alot just to reduce expenses
Someone mentioned DSTV ... a have a free to air decoder at home, that air cartoon and some other interesting stuff so no monthly subscription except for data which I do 20gb for a month around 5k, I share this with my wife and because at work I do have free wifi with no restriction
On transportation to work i spend 1k per day that is 20k for a month Nice one bro. U r really living within your means. I tap from your knowledge. |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:02pm On Jan 12 |
femi4: It doesn't make sense , you are spending heavily on accommodation N450k per annum on accommodation is 'heavily? 1 Like |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by Jega2000(m): 5:07pm On Jan 12 |
yemre: Even if you have 2 kids and a wife and you earn 650k in this economy. If you can not save a minimum of 2m in one year. Then, there's something wrong somewhere! You need to sit down and really search yourself.
The state of things in Nigeria nowadays is enough to learn how to manage resources.
One guy up there already said it all. If you have kids, recharge DStv only on holidays. You see this family outing stuff, make it only once a month and minimize your spending on such occasions.
If you have a car and you work on the island for instance, park your car and take public transport (if staff bus is not available).
Stock your home with foodstuffs monthly and eat from home, at least your dinner (That's if your wife can not prepare your food before you leave home in the morning), that reduces your food expenses.
Your rent must be something you can afford, and not something to show off. With 650k monthly, I don't expect you to live in a house which rent is more than 400k annually (that is if you don't want to forever make money for your landlord. Remember he will always come at about three year interval for rent increase!
Be wise guy, this is Lagos!!!
Peace! ... the thing be say savings no be my thing, I prefer If I carry money, I dey buy things dey keep.. foodstuffs dey but time no dey to dey cook am.. |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by demoBaba: 5:08pm On Jan 12 |
advanceDNA:
Just cut ur expense....500k is not small money in naija ....just that our leaders are heartless making some expense too high
No generator every night ...u won't die
If u have kids....DStv subscriptions should be during holidays....they wont die.....
If u have a car that u use daily to work that takes as little as 10litres per day ....that's roughly 10-11k per day and 220k per month minus Saturday and Sunday outing and servicing cost....Use public transport ..u won't die...
Buy satchet water instead of bottle...or check if ur tap water is drinkable...a friend told me he started taking his tap water when he calculated and found his cost on water was 80k month... I've potted to tap water since with my family..... |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by intruder15(m): 5:10pm On Jan 12 |
Jega2000: ... single I never even plan to marry self If you are single, then you are safe. The salary can reach you if you manage well. You can even save more than 150k if you arrange yourself well. If you are married, forget it. E no go reach. |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by Jega2000(m): 5:15pm On Jan 12 |
harjay1986:
I reside in Ogun state, two bedroom flat 200k per year, no agent fees, which I save 20k per month for, every time we get paid, my wife will buy basket of peppers and tomatoes from farmers at cheap prices, then we grind it and place it inside freezer, from our compound we raise turkeys and chickens that serves as protein only spend 20k for their feeding per month, as buying Gari and Beans in local Market which come with low price sometime I do make garri from scratch at home .... alot just to reduce expenses
Someone mentioned DSTV ... a have a free to air decoder at home, that air cartoon and some other interesting stuff so no monthly subscription except for data which I do 20gb for a month around 5k, I share this with my wife and because at work I do have free wifi with no restriction...
On transportation to work i spend 1k per day that is 20k for a month ... I like your modest living, 2 bedroom flat 200k? Omo house rent for my side dey very high oo... |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by femi4: 5:33pm On Jan 12 |
bukatyne:
N450k per annum on accommodation is 'heavily? What 450? You know what it takes to run two homes monthly |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:33pm On Jan 12 |
yemre: Even if you have 2 kids and a wife and you earn 650k in this economy. If you can not save a minimum of 2m in one year. Then, there's something wrong somewhere! You need to sit down and really search yourself.
The state of things in Nigeria nowadays is enough to learn how to manage resources.
One guy up there already said it all. If you have kids, recharge DStv only on holidays. You see this family outing stuff, make it only once a month and minimize your spending on such occasions.
If you have a car and you work on the island for instance, park your car and take public transport (if staff bus is not available).
Stock your home with foodstuffs monthly and eat from home, at least your dinner (That's if your wife can not prepare your food before you leave home in the morning), that reduces your food expenses.
Your rent must be something you can afford, and not something to show off. With 650k monthly, I don't expect you to live in a house which rent is more than 400k annually (that is if you don't want to forever make money for your landlord. Remember he will always come at about three year interval for rent increase!
Be wise guy, this is Lagos!!!
Peace! N400k annual rent in Lagos? It is well. |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:36pm On Jan 12 |
Difrent:
Abegiii
All these bourgeois that full nairaland sef
More than 80% working class folks don't earn near that amount and they are surviving and even had a swell Christmas, all this online noise was debunked by the sheer size of Christmas celebrations
Nigeria , like most countries of the world are going through a rough patch, don't make it look like everyone in every other country is a fking billionaire, hell theres tons of homeless people all over the streets of America ......or are you one of those who prefer to sleep on American streets than cry in VI? And you think the 'swell Christmas' was sponsored by the people earning lower than the OP? Didn't the poultry association cry out this January that they made losses because people didn't buy life chickens? Or what is your definition of a 'swell Christmas'? In today's Nigeria, the OP's salary is not much  1 Like |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:39pm On Jan 12 |
Czsamanie:
So, in your own Lagos you'll see a house of 400k PA?
and the living condition of that kinda place will be okay? or commutable to the kinda place that pays 650K?
The way some of you talk, I wonder if you've ever stepped on Lagos soil..  |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by sprints1: 5:40pm On Jan 12 |
For single man or woman paying less than #400k a year on rent it is okay but for couples it is not okay only if both husband and wife are living n their parents house |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by sprints1: 5:42pm On Jan 12 |
advanceDNA:
Just cut ur expense....500k is not small money in naija ....just that our leaders are heartless making some expense too high
No generator every night ...u won't die
If u have kids....DStv subscriptions should be during holidays....they wont die.....
If u have a car that u use daily to work that takes as little as 10litres per day ....that's roughly 10-11k per day and 220k per month minus Saturday and Sunday outing and servicing cost....Use public transport ..u won't die...
Buy satchet water instead of bottle...or check if ur tap water is drinkable...a friend told me he started taking his tap water when he calculated and found his cost on water was 80k month... Oga all this one na story na still poverty go soak you #650 na chicken change for this economy only if u are sharing responsibilities among three people 2 Likes |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by GiftofGod77: 5:42pm On Jan 12 |
djon78: .
The tragedy is that many people don't know how to manage money
Which is the number one reason of poverty
If people can manage there money well They can wipe away poverty from there linage Also teaching there children to learn proper management of money as they grow It's not the amount of money that a person earn that's important But what really matters How much was retained, saved, invested that matters Very very true Sir... |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:42pm On Jan 12 |
Blackdisciple:
Ehh na you wan dey stay for lekki na ... Na you wan dey eat 10k pizza every night and ice cream. Na you wan dey carry babe go shopping every month end. Na you wan dey give babe monthly allowee na. Na wan dey wear shoes of 200k, clothes of 100k each. Na you wan dey wear watches of 100k each. Na you wan dey use iPhone of 1.5m
Bro I dey see that your money every month as a guy wey I be I will leave comfortably in a room and palour self, where I will be paying at least 600-750 I will still have saving to account for at the end of the year, meanwhile housing project is ongoing in a location of my choice and I can also establish a good business as well and if it requires me to go to shop after work in the evening I will just to help who ever that is handling the business and if you are a married man, well the married folks here will help you will some ideas .
But I bet you will that amount I will leave comfortably walai @Bold: Even if he wanted to, he can't live that lifestyle with N650k in the Nigeria of today. Anyone living like that and tells you he is earning N650k, run before he uses you to complete the next sacrifice. 1 Like |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by Kobojunkie: 5:44pm On Jan 12 |
VTJN: less than 2% of Nigerians earn that amount That still does not change the fact that those who earn it are now well within the poverty bracket in that same Nigeria that we speak of, thanks to the shenanigans of its government.  2 Likes |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:44pm On Jan 12 |
Saviola86:
I am a single guy and I make approximately the amount he quoted
I do not party I am not fashionable I do not womanize I only goto work and come back Send my mom her weekly upkeep and assist my fiancée
Yet I struggle to have a reasonable savings by end of the year
So what will you say about that? It is either a lot of people don't fend for themselves, they live in very remote areas or they are skilled at exploiting others to fund their lifestyle. Because what I am reading on this thread is unbelievable! In today's Nigeria. |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by sprints1: 5:45pm On Jan 12 |
clefstone: I don't think this is possible. Like how do you do it? tell him to share picture of his family either the wife is malnorished or the children are emanciated... Who is he deceiving |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:47pm On Jan 12 |
diamond68: very apt 😆
I need to enter Bauchi  A N650k job will be like a needle in a haystack though  Extra good luck finding it. |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:49pm On Jan 12 |
NexLoaded: You probably want to mock us  Why do you think the OP wants to mock you/ low income earners? |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by bukatyne(f): 5:50pm On Jan 12 |
harjay1986:
I reside in Ogun state, two bedroom flat 200k per year, no agent fees, which I save 20k per month for, every time we get paid, my wife will buy basket of peppers and tomatoes from farmers at cheap prices, then we grind it and place it inside freezer, from our compound we raise turkeys and chickens that serves as protein only spend 20k for their feeding per month, as buying Gari and Beans in local Market which come with low price sometime I do make garri from scratch at home .... alot just to reduce expenses
Someone mentioned DSTV ... a have a free to air decoder at home, that air cartoon and some other interesting stuff so no monthly subscription except for data which I do 20gb for a month around 5k, I share this with my wife and because at work I do have free wifi with no restriction
On transportation to work i spend 1k per day that is 20k for a month How many chickens and turkey and what do they eat for N20k per month? |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by Kobojunkie: 5:52pm On Jan 12 |
sprints1: For single man or woman paying less than #400k a year on rent it is okay but for couples it is not okay only if both husband and wife are living n their parents house Unlesss you built the house yourself, expect your rent to be raised this year. With the tax regime to go into effect soon, you are all in for more shege in Nigeria and this no be curse.  2 Likes 1 Share |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by sprints1: 5:52pm On Jan 12 |
#20,000 in 2015 is #160k right now in 2025 so who are u deceiving #650k is an average salary and not a good income just a stepping stone. 1 Like |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by sprints1: 5:55pm On Jan 12 |
Kobojunkie: Unlesss you built the house yourself, expect your rent to be raised this year. With the tax regime to go in effect soon, you are all in for more shege in Nigeria and this no be curse.  you are right bro. This Tinubu regime na die. I just dey laugh when people dey talk say #650k na good income money wey no r3ach $500 how is that a good imcome in this inflation period. You can't build house with it, can't upgrade your wardrobe if you do you will suffer to buy food stuffs |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by diamond68: 5:57pm On Jan 12 |
bukatyne:

A N650k job will be like a needle in a haystack though 
Extra good luck finding it. oh not in Bauchi looking for work now hun but imagine a remote job earning some dollars of say 700k a month, it’s like 400 dollars a month and then living in Bauchi ? Now would that not be the ultimate life ? 😆 |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by advanceDNA: 6:01pm On Jan 12 |
sprints1: Oga all this one na story na still poverty go soak you #650 na chicken change for this economy only if u are sharing responsibilities among three people Before u see person to responsibilities with...u no go manage urself?? |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by harjay1986: 6:02pm On Jan 12 |
bukatyne:
How many chickens and turkey and what do they eat for N20k per month? as today I still have like 7 local turkey on free range and Noiler like 8 , so I feed them once in a day with finisher.. a bag is around 21 to 22k |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by advanceDNA: 6:07pm On Jan 12 |
demoBaba:
I've potted to tap water since with my family..... Lol....when u start to view these cost per year u will realize u have been drinking two years rent because u want to take bottle water |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by Segzy19: 6:08pm On Jan 12 |
You will see a lot of people giving you wrong advice here that it is a small income . Yet a lot of these people are online millionaires o... I'm real life, most of them are nothing to write home about.
Guy, if you are earning 500k just know that you are better than many many millions of people in Nigeria. No income is really enough... Find ways to add more... But then you didn't tell us your circumstances... Are you single or married? Are you sponsoring yourself or your siblings in further education? Do you actively cater for your parents? What other burdens are you bearing? |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by MartinsD12(m): 6:08pm On Jan 12 |
advanceDNA:
Just cut ur expense....500k is not small money in naija ....just that our leaders are heartless making some expense too high
No generator every night ...u won't die
If u have kids....DStv subscriptions should be during holidays....they wont die.....
If u have a car that u use daily to work that takes as little as 10litres per day ....that's roughly 10-11k per day and 220k per month minus Saturday and Sunday outing and servicing cost....Use public transport ..u won't die...
Buy satchet water instead of bottle...or check if ur tap water is drinkable...a friend told me he started taking his tap water when he calculated and found his cost on water was 80k month... True |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by MartinsD12(m): 6:11pm On Jan 12 |
abba190b: thunder fire u there bloody liar u be thief saying 700k is not enough for u. I am looking for 100k monthly  too much lies in the internet |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by Kobojunkie: 6:12pm On Jan 12 |
Segzy19: ➜You will see a lot of people giving you wrong advice here that it is a small income . Yet a lot of these people are online millionaires o... I'm real life, most of them are nothing to write home about. Guy, if you are earning 500k just know that you are better than many many millions of people in Nigeria. No income is really enough... Find ways to add more... But then you didn't tell us your circumstances... Are you single or married? Are you sponsoring yourself or your siblings in further education? Do you actively cater for your parents? What other burdens are you bearing? Saying he is better than millions of Nigerians means absolutely nothing. I would think many of you would have realized that at this point. If he is unable to chart a way towards his dreams with what he makes, it does not matter whether he earns more than 140 million Nigerians because he still can't meet his own goals with what he makes.  Stop with this disgusting tradition/religion of gauging your progress by considering the fate or plight of those less fortunate. It is a seriously disturbing behavior bothering on a mental problem too.  2 Likes 1 Share |
Re: Is ₦650k Monthly Income Not Considered A Good Income? by Harddiskng(m): 6:14pm On Jan 12 |
dreamxhaser:
Mr man! Don’t say what you don’t know
Do you know what lifestyle means? You want to do “lifestyle” on 500k lol. Didn’t you funny at yourself after you posted this. N500k a month, gets the OP: 1) Good food as much as he wants to eat 2) 24 hours electricity, he can easily save up to install a 1.5kva inverter 3) good clothing, shoes, shirts etc 4) An affordable decent apartment …… with these few is it not a good life already that the OP should be thankful to the Creator of Heaven and Earth for |