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Nairaland Forum / Nairaland / General / Jobs/Vacancies / How Much Can I Save Out Of 50k Salary. (6379 Views)
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How Much Can I Save Out Of 50k Salary. by HeOrShe: 7:02am On Jan 24, 2018 |
I recently got a Job renewal which my salary was changed from 25k to 50k When I was earning 25k I still borrow a little money b4 d month ends but I guess it should have been enough for me but due to Misappropriation I spend any how. I am not very good in saving money but I want to start dis year and with my January salary.. Please how much can I save out 50k salary in each month. I want to know if I can open a saloon and laundry biz this year. |
Re: How Much Can I Save Out Of 50k Salary. by osamaBUSH(m): 7:09am On Jan 24, 2018 |
Save everything extra and if need be you can borrow from the extra saved 1 Like |
Re: How Much Can I Save Out Of 50k Salary. by Nobody: 7:14am On Jan 24, 2018 |
HeOrShe:it depends.if u stay alone,pay ur rents n feed ur self,bro i dnt knw wat u wanna save der oooo but if u stil wit someone atleast 10k is ok a month 2 Likes |
Re: How Much Can I Save Out Of 50k Salary. by dingbang(m): 7:17am On Jan 24, 2018 |
5k |
Re: How Much Can I Save Out Of 50k Salary. by Papiikush: 8:39am On Jan 24, 2018 |
From 50k? Well if you wanna save 10k monthly, you should learn how to; * Stop buying food from canteens * Reduce cost of transportation (even if it means rekking some distance) * Buy only what you NEED 16 Likes |
Re: How Much Can I Save Out Of 50k Salary. by Tolktob: 8:41am On Jan 24, 2018 |
Save the additional 25k, live as if you're still earning 25k . 47 Likes |
Re: How Much Can I Save Out Of 50k Salary. by Eddee(m): 9:03am On Jan 24, 2018 |
Tolktob:Very apt! Best advice you'd get today I assure 20 Likes 1 Share |
Re: How Much Can I Save Out Of 50k Salary. by Nobody: 9:41am On Jan 24, 2018 |
my friend earns 30k+ other stuff from incentives and overtime, he saves 25k a month, from his Savings he got n achieve many tins wit it when u see him you would think he is earning 200k plus small small side biz that help how he does it is what I don't understand right now he has started building his own house You can do it but it requires strict discipline and avoid LADIES aka destiny killers hope this helps 7 Likes |
Re: How Much Can I Save Out Of 50k Salary. by Thegeneralqueen(f): 10:57am On Jan 24, 2018 |
dingbang:Don't tell me you're this bad in saving money ![]() |
Re: How Much Can I Save Out Of 50k Salary. by Juliearth(f): 11:00am On Jan 24, 2018 |
HeOrShe: Your question is relative,taking into cognaissance factors such as cost of transport, cost of food items in your local market and your lifestyle generally. Someone resident in the North can save up to 25k a month and I belief you can do same(infact,it should be alot easier since your earlier take-home package was 25k) Restrict your expenditure to 25k per month and save up tje rest. 2 Likes |
Re: How Much Can I Save Out Of 50k Salary. by Juliearth(f): 11:03am On Jan 24, 2018 |
chidichuddo: A Carton of noodles,trekking to and fro work, zero tithing no zero gf |
Re: How Much Can I Save Out Of 50k Salary. by Nobody: 11:08am On Jan 24, 2018 |
chidichuddo:You can't judge him from his salary, judge him by his average monthly income. It's just like judging the wealth of our senators and ministers by the salary they earn. 2 Likes |
Re: How Much Can I Save Out Of 50k Salary. by prico32(m): 11:16am On Jan 24, 2018 |
You can save 20k monthly, there is a plan in aiico insurance called corporate savings, you can start that and save monthly for a year. Send me a mail: pdaaviid@yahoo.com so i can give you more details on sign up & % |
Re: How Much Can I Save Out Of 50k Salary. by dingbang(m): 11:26am On Jan 24, 2018 |
Thegeneralqueen:billionaires don't save money, they invest it .. 2 Likes |
Re: How Much Can I Save Out Of 50k Salary. by Thegeneralqueen(f): 11:32am On Jan 24, 2018 |
dingbang:So did you invest our money ![]() |
Re: How Much Can I Save Out Of 50k Salary. by dingbang(m): 11:36am On Jan 24, 2018 |
Thegeneralqueen:lol its when we marry that it will be "our" money ![]() |
Re: How Much Can I Save Out Of 50k Salary. by BiafranBushBoy: 11:36am On Jan 24, 2018 |
Re: How Much Can I Save Out Of 50k Salary. by Thegeneralqueen(f): 11:40am On Jan 24, 2018 |
dingbang:OK when we marry your money becomes our money ![]() ![]() 1 Like |
Re: How Much Can I Save Out Of 50k Salary. by Nobody: 12:03pm On Jan 24, 2018 |
Hozier: oh sorry, I meant to say "hope this helps" like to encourage him |
Re: How Much Can I Save Out Of 50k Salary. by CodeTemplar: 12:39pm On Jan 24, 2018 |
Saving from salary is very tricky. If you spend 25k and save another 25k every month. And a colleague who earns 75k saves 50k after spending same 25k you spend get to earn 66% what your colleague earns but save 50% what he saves. If he earns 100k then you only save 33% of what he saves. |
Re: How Much Can I Save Out Of 50k Salary. by Springz(f): 12:50pm On Jan 24, 2018 |
It depends on where you stay, if you stay in a place like Lagos or port Harcourt where rent is high, it can be really difficult cos you need to save for rent as well. But if you stay in a rent free accommodation, you can start saving 20k every month. |
Re: How Much Can I Save Out Of 50k Salary. by clerkent(m): 3:18pm On Jan 24, 2018 |
open a fixed deposit account that can run for two years so that you won't be tempted to touch it; then save 50% of what you are earning.after 2years the money will be up to something to start another business with gain on top. |
Re: How Much Can I Save Out Of 50k Salary. by lecturerdabo(m): 4:01pm On Jan 24, 2018 |
prico32: Why not drop the information here if it is genuine? |
Re: How Much Can I Save Out Of 50k Salary. by dingbang(m): 4:35pm On Jan 24, 2018 |
Thegeneralqueen:lol.. And your money also becomes our money if we get married |
Re: How Much Can I Save Out Of 50k Salary. by Thegeneralqueen(f): 4:39pm On Jan 24, 2018 |
dingbang: Which money you give me hold for you wey go become our money ![]() Your money is the real deal ![]() ![]() I'm sorry I never intended to type that it was due to the influence of Lisbon ![]() 1 Like |
Re: How Much Can I Save Out Of 50k Salary. by dingbang(m): 4:43pm On Jan 24, 2018 |
Thegeneralqueen:ok na..that means you will support your own family(paternal family) with your money if that's the case..while I will take care of you and the children.. |
Re: How Much Can I Save Out Of 50k Salary. by layzie: 4:43pm On Jan 24, 2018 |
Determine a percentage of your salary that is suitable for u to save and keep to it. I'll advise 20% being 10k. Assume ur salary is now 40k and work with that. You have to be disciplined and move out the 10k to an acct u have no chq book or cards on, once salary is received. 1 Like |
Re: How Much Can I Save Out Of 50k Salary. by Thegeneralqueen(f): 4:47pm On Jan 24, 2018 |
dingbang:How about you put my acct details for your employer to be paying me your owo so I'll start saving for our money ![]() 1 Like
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Re: How Much Can I Save Out Of 50k Salary. by dingbang(m): 4:49pm On Jan 24, 2018 |
Thegeneralqueen:you will come and do my job then |
Re: How Much Can I Save Out Of 50k Salary. by Thegeneralqueen(f): 4:52pm On Jan 24, 2018 |
dingbang:Me do your work bawo kini sorore ![]() ![]() ![]() |
Re: How Much Can I Save Out Of 50k Salary. by dingbang(m): 5:59pm On Jan 24, 2018 |
Thegeneralqueen:over my living body will I marry a house wife.. So what den did you go to school for? What's the difference between you and the village girl who didn't attend a university then? 2 Likes |
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