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Re: Am I Spending Lavishly ? by Mode99: 1:45pm On Jun 03, 2022 |
Your cost of living is high Make budget!!! |
Re: Am I Spending Lavishly ? by dontrulee: 1:45pm On Jun 03, 2022 |
Saving is a choice. Truth is, it is very hard to save if you don't have the basics of life yet. Las las you'll spend your savings on (food, clothing and shelter). Truth is, bills will always come and you have to find ways to increase your funds. In my final year, I realized that I didn't even have any savings, I was practically living hand to mouth, until I made a choice that before I spend on any bill, I'll pay myself first and I will not touch it. It worked for me and by the end of the year, I saved 200k+. I tracked my money, saw where my money was going to, tracked my source, saw the need to have multiple streams of income, cut down my expenses to the bare minimum. By the following year I ×10 my income. That's how to grow. Grow your finances because your bills will never stop growing. Thanks. 3 Likes |
Re: Am I Spending Lavishly ? by michlins(m): 1:46pm On Jun 03, 2022 |
adubam:I swear to God like this. I'm tired like this 2 Likes |
Re: Am I Spending Lavishly ? by JoyousFurnitire(m): 1:46pm On Jun 03, 2022 |
akanbiaa: I know. Just stating the obvious that he's not likely the problem but the economy. |
Re: Am I Spending Lavishly ? by Nobody: 1:47pm On Jun 03, 2022 |
Wait o who is always moving all these kind of post to the front page? These kind of post are dumb post that should stay where it is. Na wah for una o |
Re: Am I Spending Lavishly ? by akanbiaa(m): 1:48pm On Jun 03, 2022 |
JoyousFurnitire:Yes the economy is on autopilot ,people are doing anyhow and inflating prices and so many negative things and government have weak or no regulations and corruption reeks everywhere, many are underemployed and many more unemployed. 2 Likes |
Re: Am I Spending Lavishly ? by adubam(m): 1:49pm On Jun 03, 2022 |
michlins: It takes miracle to survive on 50k a month in Nigeria without no other side hustle. 2 Likes |
Re: Am I Spending Lavishly ? by Reality3080: 1:49pm On Jun 03, 2022 |
Onahi95:30k is approximately 1k per day n it’s out of d 1k u will eat,transport yourself,buy data n d likes Bro it’s not easy just keep hustling 1 Like |
Re: Am I Spending Lavishly ? by FuckAllTheMODs: 1:49pm On Jun 03, 2022 |
FriendsAndFans: You reminds me of my humble beginning... Bro, do you know when I rented my first apartment in Lagos(post NYSC), I slept on a mat spread on a tiled floor for months before I could save up to buy mattress. Some nights I will take my neighbor's detachable cushion cover and arrange about three as a makeup bed, other nights I used my backpack as pillow. Nobody except God and maybe that my neighbor knew I went through that, but thank God it's past and God has been faithful. 8 Likes 1 Share |
Re: Am I Spending Lavishly ? by Chiemeka1: 1:50pm On Jun 03, 2022 |
Your salary can never be enough. Just double your hustle by having multiple streams of income and tighten up your lickages. 1 Like |
Re: Am I Spending Lavishly ? by ufotunang: 1:50pm On Jun 03, 2022 |
What will finish your money..its girls na...so stay away from girls for now 1 Like 1 Share |
Re: Am I Spending Lavishly ? by eedimo(m): 1:51pm On Jun 03, 2022 |
FriendsAndFans:You will go far 2 Likes 1 Share |
Re: Am I Spending Lavishly ? by oobinna: 1:52pm On Jun 03, 2022 |
Even though your salary isn't much compared to our harsh economy but I must say that your saving culture is to be blamed. Otherwise you would be saving something no matter how little Please learn to save before spending. If you have only one account ( where your salary is paid), I advise you open another account without ATM card. Once you get your salary, transfer any amount you wish to save into this account while you go ahead to spend the rest with caution. Do this and thank me later. BItt: 2 Likes |
Re: Am I Spending Lavishly ? by PoliteActivist: 1:53pm On Jun 03, 2022 |
FriendsAndFans: I love your spirit. You'll make it in life one way or another 4 Likes |
Re: Am I Spending Lavishly ? by Neverlosemoney: 1:53pm On Jun 03, 2022 |
BItt: Inflation is growing at a very rapid rate....eating away the purchasing power of our money. It will take 10 hefty men to lift goods worth of #1,000 purchased in 1980..Today, a 10 year old girl will lift goods worth of #1,000. A complete loss in the purchasing power of the Naira and this will only keep going worst looking at the economy from micro and macro perspective. While in Nigeria, if you do not find a way to earn in dollar, you are destined to die poor. It is a mathematical certainty. It just might take time depending on the different level of our income. Except you run into the harbor of Politics(Nigeria owns gold mine) and good luck with that.....Cutting cost won’t save you, if you keep cutting cost very soon you will have nothing left to cut. 7 Likes |
Re: Am I Spending Lavishly ? by profmallor: 1:54pm On Jun 03, 2022 |
For Years I worked and was convinced witches are after my finances because I was always broke by mid month, then one day i opened spreadsheet and decided to outline all, i mean all my expenses against my income and it was obvious why I was always broke. I had to start cutting costs in as many things I could have to bring down the costs. 2 Likes |
Re: Am I Spending Lavishly ? by Nobody: 1:56pm On Jun 03, 2022 |
BItt: You dey try with 50k a month. Omo things just cost any how. Small enjoyment fiam, 15k to 20k don go. 5 Likes |
Re: Am I Spending Lavishly ? by ednut1(m): 1:56pm On Jun 03, 2022 |
How do you expect to save from 50k |
Re: Am I Spending Lavishly ? by bigtt76(f): 1:57pm On Jun 03, 2022 |
Make a list of things you spend your money on and we will advise you whether it's a need or want. Nor de go carray ashawo if you wan save and you get girl friend BItt: 1 Like 1 Share |
Re: Am I Spending Lavishly ? by Asianjollof007: 1:57pm On Jun 03, 2022 |
DaInferno: You don't have a say on this, your case is different. Let independent men talk. 3 Likes 2 Shares |
Re: Am I Spending Lavishly ? by ceejayluv(m): 1:58pm On Jun 03, 2022 |
One can hardly save his Way out of poverty, especially a very low income earner. One just gotta increase his income by any means possible first. As you're reducing the bottom line (expenses), also hustle to increase the topline ( income). 1 Like |
Re: Am I Spending Lavishly ? by nedekid: 1:59pm On Jun 03, 2022 |
Revolution2022:Abi, his 50k was $350 before the recessionist and his cohorts came. Now apc has taken his pay to the next level. That 50k is now less than $90! Its called the more you look, the less you see. As one renowned investor will say, Foto! No be juju be that? 5 Likes 1 Share |
Re: Am I Spending Lavishly ? by candidbabe(f): 1:59pm On Jun 03, 2022 |
michlins: You no get joy aswear |
Re: Am I Spending Lavishly ? by Karleb(m): 1:59pm On Jun 03, 2022 |
You're not. That money is not enough. |
Re: Am I Spending Lavishly ? by Dukeolumidemans(m): 2:00pm On Jun 03, 2022 |
BItt: To be frank with u, it's not ur saving culture that's the problem, it's ur earning that's super poor. Secondly the economy is very bad hence, the high cost of everything. I don't even save. Just get a well paying job and u will notice ur little little efforts u have been putting up will yield alot for u. My advice: Get better qualifications especially outside the shores of Naija and u have a higher chance of getting better paying jobs or better still, open ur own business. Note: Being introverted does not make u less of a human being. Think and grow rich!!! I come in peace!!! 3 Likes |
Re: Am I Spending Lavishly ? by clockwisereport: 2:02pm On Jun 03, 2022 |
Bitt, go and open another bank account. Ensure that this new account does not have atm card. Once salary comes, transfer 5k to the new account and lock up. On no condition should you withdraw from this account 6 Likes 2 Shares |
Re: Am I Spending Lavishly ? by Midastorch(m): 2:04pm On Jun 03, 2022 |
FriendsAndFans: You will be sleeping on the floor because you want to save? This your poverty mentality will be the end of you...When you eventually have the money, you'll use the money to treat rheumatism and other bone problems...RUBBISH 1 Like 1 Share |
Re: Am I Spending Lavishly ? by Unperturbed2022: 2:04pm On Jun 03, 2022 |
BItt:Bro, i also face this. What helps me is that i tell my office accountant to always remove 5k from my salary for savings, before paying me. This way, i only manage the 45k paid to me. 1 Like |
Re: Am I Spending Lavishly ? by Light78: 2:07pm On Jun 03, 2022 |
In the next two years, Nigeria will crumble. Many rich people will become poor, yahoo guys will wreck also. Save now if you know what is good for you. |
Re: Am I Spending Lavishly ? by DaInferno(m): 2:07pm On Jun 03, 2022 |
Asianjollof007:for your mind, you're independent? When someone says they used to do something, they referring to the past 1 Like |
Re: Am I Spending Lavishly ? by Rico96(m): 2:08pm On Jun 03, 2022 |
I make about #160k per month still yet no savings though responsibilities dey my head...here in Lagos no easy that's why I tie hands still dey stay for a room apartment. 1 Like |
Re: Am I Spending Lavishly ? by Anonymoususher: 2:09pm On Jun 03, 2022 |
You are not spending lavishly my dear... The Pay isn't good enough and country is messed up. You earn 50k a monthly. Let's break it down Let's assume you spend N1,000 on food daily (which isn't possible in this economy now), that is N30,000 in a month Let's assume you spend just N200 on transport to work ( which I doubt), that is N6,000 a month Let's assume you spend N500 on hair cut twice a month... That is N1,000 Let's assume you pay N2,000 Nepa bill a month (which I doubt) Let's assume you spend total of N1,000 soap for washing your clothes monthly Let's assume you spend N1,000 on data subscription monthly (which isn't possible) Lets assume airtime purchase takes N1,000 too in a month Let's assume offering OR goodwill to people takes a total of N1,000 from you in a month. Let me stop there and sum everything up That's is N43,000 Subtract N43,000 from N50,000 and you are left with N7,000 Mind you I over down sized your spending and removed alot of things. So tell me how it is your fault? Country is messed up, money has no value and cost of living is too high. 8 Likes |
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