*****************************
Welcome to themoneysavvyajuwaya: living well, spending less.

I am Styca, a batch C corp member, posted to a remote part of Cross River State.

This is a chronicle of my financial life as an Ajuwaya, am starting this thread to hold myself accountable for my financial decisions. I shall strive to be truthful and to present the facts as they are.

The goal is to train myself in financial matters and to apply everything I have learnt about saving, investing and wealth creation.

During this seervice year, I will seek for ways to increase my earnings while I keep my spendings as low as possible without hurting myself. LOL

I promise to make a post atleast once a week. During the course of this thread, I will share with you the challenges I faced and how I managed to overcome them, tips on how I saved, my money idiosyncrasies, my thought on money, wealth creation, being a corper and back again on money.

Feel free to drop your comments, tips and criticisms.

Welcome to themoneysavvyajuwaya.

Xfire, jarushub,Trenditee, Taye4christ, Noordean et al

Interesting!

Let's see how this goes!

Beautiful

styca:
*****************************
Welcome to themoneysavvyajuwaya: living well, spending less.

I am Styca, a batch C corp member, posted to a remote part of Cross River State.

This is a chronicle of my financial life as an Ajuwaya, am starting this thread to hold myself accountable for my financial decisions. I shall strive to be truthful and to present the facts as they are.

The goal is to train myself in financial matters and to apply everything I have learnt about saving, investing and wealth creation.

During this seervice year, I will seek for ways to increase my earnings while I keep my spendings as low as possible without hurting myself. LOL

I promise to make a post atleast once a week. During the course of this thread, I will share with you the challenges I faced and how I managed to overcome them, tips on how I saved, my money idiosyncrasies, my thought on money, wealth creation, being a corper and back again on money.

Feel free to drop your comments, tips and criticisms.

Welcome to themoneysavvyajuwaya.

Xfire, jarushub,Trendiitee, Taiye4christ, Noordean et al

This is a good one my broda,i will b following u very closely

LogoDWhiz:
Interesting!

Let's see how this goes!

welcome on board brother, you will truly enjoy this.

Positivist:
Beautiful

welcome Positivist. You have an interesting handle.

noordean:
This is a good one my broda,i will b following u very closely

Thanks bro.

#Following.

I will also contribute and constructively criticise your financial judgement.

Parasitic:
#Following.

I will also contribute and constructively criticise your financial judgement.

Thanks Parasitic, am looking forward to a robust interaction with you.

styca:


welcome on board brother, you will truly enjoy this.

Okay bro!
Uwc

''It does not matter what you plan, it does not matter what you dream, it does not matter the ideas you have, if you don't take ACTION, they are just that: plans, dreams and ideas.''

****** THE BEGINNING*********
The Income/ Expense Statement for the month of January 2015.

INCOME STATEMENT
Amount received........... 19650
Savings ............................. 11000
Total .................................. 30650

EXPENDITURE
Paid Myself .................... 5000
Transport to ppa ........... 5000
Room decor .................... 10000
operational expense .... 10000
Total ........................ 30000

styca:
''It does not matter what you plan, it does not matter what you dream, it does not matter the ideas you have, if you don't take ACTION, they are just that: plans, dreams and ideas.''

****** THE BEGINNING*********
The Income/ Expense Statement for the month of January 2015.

INCOME STATEMENT
Amount received........... 19650
Savings ............................. 11000
Total .................................. 30650

EXPENDITURE
Paid Myself .................... 5000
Transport to ppa ........... 5000
Room decor .................... 10000
operational expense .... 10000
Total ........................ 30000

wht du u mean by ''paid myself''? Whtz dat for?

styca:
''It does not matter what you plan, it does not matter what you dream, it does not matter the ideas you have, if you don't take ACTION, they are just that: plans, dreams and ideas.''

****** THE BEGINNING*********
The Income/ Expense Statement for the month of January 2015.

INCOME STATEMENT
Amount received........... 19650
Savings ............................. 11000
Total .................................. 30650

EXPENDITURE
Paid Myself .................... 5000
Transport to ppa ........... 5000
Room decor .................... 10000
operational expense .... 10000
Total ........................ 30000

You mean remaining balance #650

noordean:
wht du u mean by ''paid myself''? Whtz dat for?

Noordean, the paid myself money is a certain percent of my earnings I set aside for the purpose of investing.

Parasitic:


You mean remaining balance #650

Yeah bro, the remaining balance is #650. Though the expense statement is an allocation of money and how much for each item.

''I am open to receiving money in both expected and unexpected ways''

******* EXPLANATION OF DATA**

¤Paid Myself: this is the money I pay myself for being the manager of business MSAjuwaya*winks* Due to the amount allocated for Room Decor I had to bear the brunt of a pay cut.*laughs*

¤ Amount Received: This was the federal allowance for the month of december 2014.

¤ Savings: The amount I was able to save between the end of orientation camp in Nov. And 31st of Dec.

Note: I was not able to save anything from the Nov. Allowance (ie the one paid in camp).

¤ Transport to PPA: the amount I spent to come to my PPA with my luggage.

¤ Room Decor: the amount I spent in buying stuffs like; curtains, carpet, mobile wardrope, pots, stoves etc to make my room relatively comfortable.

¤ Operational expense: money set aside for daily needs when the arise like CDs dues, transport, buying of water, kerosine, fuel, and for emergencies.

This is a good one styca, am following you right away. Hope to learn a lot from this.

Rockmyworld:
This is a good one styca, am following you right away. Hope to learn a lot from this.

Thank you Rockmyworld for reading and following. I hope to learn from you also.

''It is not good enough to want it. You've got to know how to get it''- Donald Trump.

****** My thoughts on saving*****

The core of the idea(s) that make up my thoughts on savings came primarily from the George S. Clason's classic: The Richest Man in Babylon. That book is like a personal finance Bible to me. I carry it with me anywhere I go. Its simplicity and down to earth approach is what endeared it to me. And I can readily identify with most of the characters in the tales.

One thing I have come to realize about finance and one's saving habit; is the question of,

¤ why are you saving?

If one could be able to sincerely answer that question, I bet you saving becomes a whole lot easier and fun.

Have you answered that question for yourself?

Have not really asked myself that question that much. But it's true when you have a strong reason to save nothing will ever make you spend

Rockmyworld:
Have not really asked myself that question that much. But it's true when you have a strong reason to save nothing will ever make you spend

yes it is true we need a reason to save. It is also equally true that with our strong reason we still have to spend. The difference here is, when we spend we are happy doing so because our reason for saving have been taken care of.

'' Enjoy life while you are here. Do not overstrain or try to save too much''- G. S. Clason

****** My Budget for January*****

Feeding .......................... 5000
CDs dues ........................ 500
Transport ...................... 2000
Fuel .................................. 500
Recharge ....................... 1000
Relaxation .................... 1500
Total ................................ 10500

Note: I used the balance from the amount allocated to 'Transport to PPA' to make up for the extra #500, since I spent #3750 instead of the whole #5000 allocated to it.

This is my budget and how I allocated the 'operational fund'. Am living very cautious here and praying to avert any emergencies, since I don't have any amount allocated for emergencies.

styca:
''I am open to receiving money in both expected and unexpected ways''

******* EXPLANATION OF DATA**

¤Paid Myself: this is the money I pay myself for being the manager of business MSAjuwaya*winks* Due to the amount allocated for Room Decor I had to bear the brunt of a pay cut.*laughs*

¤ Amount Received: This was the federal allowance for the month of december 2014.

¤ Savings: The amount I was able to save between the end of orientation camp in Nov. And 31st of Dec.

Note: I was not able to save anything from the Nov. Allowance (ie the one paid in camp).

¤ Transport to PPA: the amount I spent to come to my PPA with my luggage.

¤ Room Decor: the amount I spent in buying stuffs like; curtains, carpet, mobile wardrope, pots, stoves etc to make my room relatively comfortable.

¤ Operational expense: money set aside for daily needs when the arise like CDs dues, transport, buying of water, kerosine, fuel, and for emergencies.

wow! 10k got you those items for Room decor?

this must be interesting.. me is patiently following!!

Goldpeas:




wow! 10k got you those items for Room decor?

this must be interesting.. me is patiently following!!

Thanks Goldpeas for dropping by. Yeah, 10k got me those stuffs. Are you surprised?

I got the pots, curtains and stove for #2000 from a friend that passed out in Oct.

I bought the mobile wardrope for #3200

I paid #1800 for the carpet.

One need to be ingenious.

'' For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath''.- matt. 26:29

****** My Thoughts on Saving 11*******

In the earlier post, I pointed out that one have to know the reason for saving.

There are many factor(s) which motivates people to save, for me they include:

¤ To have the good things of Life: Personally this is the underlying factor that spurs me on this journey. I realized that to enjoy the good that is abundant in life I have to be successful with money. Saving a part of what I earn, is an aspect of the equation.

¤ Fear: This is a powerful emotion which drives me to put some funds away. Most times, it is the fear of the unknown and its attendant uncertainities. I don't want to be caught 'pants down' by life's event. I view this emotion in a positive light as long as my present well-being is not jeopardized.

These are the main factors that drive me to save.

What about you, what motivates you to save?

styca:


Thanks Goldpeas for dropping by. Yeah, 10k got me those stuffs. Are you surprised?

I got the pots, curtains and stove for #2000 from a friend that passed out in Oct.

I bought the mobile wardrope for #3200

I paid #1800 for the carpet.

One need to be ingenious.

aha...i see

Just learning from y'all ...will be serving by may so please keep it up!! Cheers

Goldpeas:





aha...i see

Just learning from y'all ...will be serving by may so please keep it up!! Cheers

Am happy you are finding this helpful. May you serve in a place where you will explore your potentials.

styca:


Am happy you are finding this helpful. May you serve in a place where you will explore your potentials.

so be it!

Happy sunday to everyone out there. Wish you all a blast week ahead.

Cc: LogoDwhiz, Positivist, noordean, Parasitic, Rockmyworld, Goldpeas et al.

Happy sunday to everyone out there. Wishing you all a blast week ahead.

Cc: LogoDwhiz, Positivist, noordean, Parasitic, Rockmyworld, Goldpeas et al.

styca:
Happy sunday to everyone out there. Wishing you all a blast week ahead.

Cc: LogoDwhiz, Positivist, noordean, Parasitic, Rockmyworld, Goldpeas et al.

Happy sunday sir

styca:
'' Enjoy life while you are here. Do not overstrain or try to save too much''- G. S. Clason

****** My Budget for January*****

Feeding .......................... 5000
CDs dues ........................ 500
Transport ...................... 2000
Fuel .................................. 500
Recharge ....................... 1000
Relaxation .................... 1500
Total ................................ 10500

Note: I used the balance from the amount allocated to 'Transport to PPA' to make up for the extra #500, since I spent #3750 instead of the whole #5000 allocated to it.

This is my budget and how I allocated the 'operational fund'. Am living very cautious here and praying to avert any emergencies, since I don't have any amount allocated for emergencies.

Where are you serving, this budget seems meagre to me.

Hahahaha 1500 for relaxation to me is high, atleast one bottle of origin every weekend will do.