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Nairaland Forum / Nairaland / General / Career / What Percentage Of Your Salary Should Be Allotted To Accommodation? (34612 Views)
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Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by lastmessenger: 11:10pm On Mar 15, 2016 |
Can I chat with you.here is my phone no 08068606544 ladyF: |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by 247notire(m): 11:12pm On Mar 15, 2016 |
Mbkite:I've noticed u always insist on percentage, it isn't always about percentage bro. It's dependent on a whole lot of factors. The truth is that it is very easy to waant to live lavishly when you get a well paying job but it's up to u to always keep yourself in check. I live in Lagos somewhere close to the island, and I spend something slightly above my monthly pay on rent. Remember, many other factors come into play in these things so there are really no hard rules cast in stone for things like this. Nice thread btw... |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by ladyF(f): 11:34pm On Mar 15, 2016 |
lastmessenger: ![]() |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Russellval(m): 11:39pm On Mar 15, 2016 |
mevisbleek: I have a CGPA similar to that: 3.61/4 and studied Mechanical Engineering, so how do i contact you? |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by blessedfavoured: 11:45pm On Mar 15, 2016 |
Wiseoldman: How can you earn 15m and not have a car. The house, well if that's all you need ATM, I don't see the point in living in a huge house just because you can afford it. More bills, more cleaning, bigger gen etc. What I don't get is why you choose to use public transport over getting a car? Wonders. 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by akeensbussy(m): 11:46pm On Mar 15, 2016 |
edrys: yes....firstly, I worked with dana group head office at martina, lagos. my other jobs were toyin street, ikeja and I leave at akeja, ota, Ogun state. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by edrys(m): 11:59pm On Mar 15, 2016 |
akeensbussy:I see. How were you coping with transport? Or you do scot and go back home during weekend? Sorry for my questions. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by macaranta(m): 12:15am On Mar 16, 2016 |
Insightful thread.. 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by akeensbussy(m): 12:19am On Mar 16, 2016 |
edrys: when I was working at dana group, I will join staff bus at iyana ipaja by 6am. work close by 5:00pm but as an IT administrator, I close by 6:30 running 1:30 over time with is 750 naira paid the second day. I used that to transport myself home with I will spend like 400 naira then. Though, I will enter house sometimes 11:30 or to 12am, I will wake up 5am again second day 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by landedproperty: 12:55am On Mar 16, 2016 |
my only advice your flow of income is not constant. check out the places you spend much of your money and try to establish the same business, any ammount you spend into your own business (no matter how small) will always come back to you with interest. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by maursatt: 1:31am On Mar 16, 2016 |
Don't you people in Nigeria noticed that we in diaspora could not be able to contribute significantly to this topic because we are almost spending everything on rent, imagine paying almost 1.300euros on 3 bed room flat from a take home of 2500euros. Rent is the number one killer here. 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Tunero5(m): 2:53am On Mar 16, 2016 |
Worst case scenario, 10% of your annual salary. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Goldencollins: 4:30am On Mar 16, 2016 |
akeensbussy:Where are u based ![]() |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by henryhemon(m): 6:17am On Mar 16, 2016 |
akeensbussy: You 've got your own taste but between how much do those lands cost? 50k a plot? Lies all over this one expect you 're working in a village. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by dejaiiro(m): 6:46am On Mar 16, 2016 |
Bros... it's simple logic, if your 3 month salary can not pay your house rent, then you are leaving at a lose, do the maths yourself, you could go less but it shouldn't exceed that... 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Mbkite(m): 7:00am On Mar 16, 2016 |
247notire:Lol. Thanx bro. Nice analysis |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Mbkite(m): 7:04am On Mar 16, 2016 |
Tunero5:that's too microscopic bro. 10% is too small |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by AFRICANDICEY: 7:06am On Mar 16, 2016 |
I think your one month salary should be able to pay your one year accommodation. If not your living above your means. 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by ndizzle(m): 7:07am On Mar 16, 2016 |
BADNEAT:Government is just encouraging civil servants to practice corruption |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Mbkite(m): 7:14am On Mar 16, 2016 |
mevisbleek:Please bro. u can hook me up. I have cgpa of 4.00 Mech.Eng |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by tenderlaw(m): 7:31am On Mar 16, 2016 |
Mbkite: I stay in Lagos, and by God's grace my rent is 9.7% of my annual take home. 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by tonquendo4u(m): 7:55am On Mar 16, 2016 |
79% |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Nobody: 8:35am On Mar 16, 2016 |
18% of my annual net salary goes into rent... My rent is about N500k per annum. You can do the math. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by des4ella(m): 9:23am On Mar 16, 2016 |
ladyF:Maybe in a developed country like U.S and others... but in naija my country it's quite difficult and unrealistic. Except u want make I stay for one room with my wife and three children. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by kingofabia: 9:30am On Mar 16, 2016 |
If you stay in lagos, i dont think this will work at all ladyF: |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by Bluffly: 9:45am On Mar 16, 2016 |
ladyF: It also depends on your environ. if you earn 100k/m in Abuja you must be living in the typical village to get a rent of 100k/y. |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by MrEverest(m): 9:57am On Mar 16, 2016 |
akeensbussy:Wtf! Get home by 12am & wake up by 5am!! What a life people live in Lagos!!! I am always grateful that I never settled in there. I hav a sister that lives at Iyana Ipaja & I used to tell her that they live a hobessian life in Lagos. Traffic starts moving at a snail pace as early as 5am all d way from Sango & toll gate towards city centre. Sitting in those rickety danfo buses with non-chalant drivers trying to outwit one another in traffic, d heat, wasted man hours, smelly conductors shouting on top of their voices & d struggle to enter at the bus stops makes Lagos a crazy place to live. 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by tonyx4x44(m): 10:22am On Mar 16, 2016 |
According to the United nations journal on affordable housing, housing is only considered affordable if it costs 12% or less of the total yearly income of the payer. 1 Like |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by lastmessenger: 10:37am On Mar 16, 2016 |
Am yet to see your Hi on WhatsApp. ladyF: |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by duabba: 10:40am On Mar 16, 2016 |
In Lagos, the most important issue is traffic/distance to work. I pay more to stay close to my office cos I'm able to accomplish more before & after work (including proper rest) than spend so much time & stress on the road to get to a cheaper apartment. For me quality of life is important, the money I save on transport, fuel & healthcare allows me to do other important things. So these are the considerations before you calculate percentages. 5 Likes |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by akeensbussy(m): 10:44am On Mar 16, 2016 |
henryhemon: No lies.....i leave at akeja, ota, Ogun State. the first land i bought was 110k/plot and i bough 2 plots...... |
Re: What Percentage Of Your Salary Should Be Allotted To Accommodation? by ckamal: 10:49am On Mar 16, 2016 |
akeensbussy: Bros permit to me say that even though you have been conservative enough in your own way but don't u think u might be spending more on medical bills that if care is not taking can wipe off all that u ever worked for if you continue living your life this way.I mean why would anyone punish themselves like this all in the name of becoming a Landlord..You should also know that its not everybody that can live in a room and parlour apartments just to prove that they are prudent enough..I feel one's work place should not be so far away from their homes..These are the reasons why most people age on time, i mean why work so hard to get everything and i end up not having the good health to enjoy it. BottomLine:You can still live right and still save up some money to buy a land and build it to your taste..it just might tarry a bit..Life is too short jare. 1 Like |
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