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Is 100k Salary Per Month Enough To Start A Family In Nigeria? - Romance - Nairaland

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Monthly Expenses For 100k Salary Earners. / Advise Needed Pls, I Am Planning To Start A Family / Is A Salary Of 100k/month Enough To Have A Fully Dependent Girlfriend?? (2) (3) (4)

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Is 100k Salary Per Month Enough To Start A Family In Nigeria? by KingintheNorth(m): 10:39pm On Dec 06, 2020
Please your honest answers is really needed here ...if it enough,how can a man manage and sustain the family with it, Analytical break down will be greatly appreciated.
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Nobody: 10:44pm On Dec 06, 2020
Yes for sure. Pick a low cost area like ibadan. But it is enough. Mind you some doctors are still being paid 150k a month and they are surviving.

The spouse should also be ready to contribute.

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Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Nobody: 10:52pm On Dec 06, 2020
My take on this as a motivational speaker;

It is more than enough if you truly know what you're doing.
cut your coat according to your size.
Don't copy others but just be your true self. That's the key to life.

The person above me has said it all. You can choose Ibadan over Lagos and your wife should be able to assist you.

With that amount if stable, you can start something reasonable Sir.

2 Likes

Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Nobody: 11:01pm On Dec 06, 2020
As a corper in Ibadan, 20k a month is enough to buy all the food stuff you need.

Look at 100k a month as 1.2 million a year.

Get a 2 bedroom flat in Oyo for like 150k a year,

20 to 25k a month for feeding allowance. Gives 240 to 300k a year

5 to 15k for electricity and water bills gives 60 to 180k a year

20k a month for miscellaneous.

Ensure you save at least 30 to 50k monthly for rainy days.

Look for investments like farmsponsor or try some Fx investments (high risk though). I will advise farmsponsor. Lock 100k there and it will give you an extra 5k a month.

It isn’t easy but as a Corper then, I was able to use 20k monthly or max 30k monthly on myself and I used to be a bit extravagant. I had colleagues that lived on the 19800 a month and still sent money home to their folks.

Just write a plan.

However getting an understanding, working class spouse can’t be overemphasized. Even if it is 50k a month she brings to the table. You all can plan with it. Cheers.

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Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Nobody: 11:07pm On Dec 06, 2020
Ominigreat:
As a corper in Ibadan, 20k a month is enough to buy all the food stuff you need.

Look at 100k a month as 1.2 million a year.

Get a 2 bedroom flat in Oyo for like 150k a year,

20 to 25k a month for feeding allowance. Gives 240 to 300k a year

5 to 15k for electricity and water bills gives 60 to 180k a year

20k a month for miscellaneous.

Ensure you save at least 30 to 50k monthly for rainy days.

Look for investments like farmsponsor or try some Fb investments (high risk though). I will advise farmsponsor. Lock 100k there and it will give you an extra 5k a month.

It isn’t easy but as a Corper then, I was able to use 20k monthly or max 30k monthly on myself and I used to be a bit extravagant. I had colleagues that lived on the 19800 a month and still sent money home to their folks.

Just write a plan.

However getting an understanding, working class spouse can’t be overemphasized. Even if it is 50k a month she brings to the table. You all can plan with it. Cheers.

Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Jodha(f): 11:08pm On Dec 06, 2020
What do yhu mean by starting a family....?
Do yhu want to get married?
Are yhu already married and want to start having kids?

Do yhu have a house of yhur own or it'll be based on rental?
Does yhur spouse earn anything that'll support that 100k income. ...


Answer these so that I'll be able to analyse further..
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by KingintheNorth(m): 11:22pm On Dec 06, 2020
Jodha:
What do yhu mean by starting a family....?
Do yhu want to get married?
Are yhu already married and want to start having kids?

Do yhu have a house of yhur own or it'll be based on rental?
Does yhur spouse earn anything that'll support that 100k income. ...


Answer these so that I'll be able to analyse further..


Still living alone on rent .
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Greystone: 11:44pm On Dec 06, 2020
... lipsrsealed
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by AfroKnight: 11:53pm On Dec 06, 2020
100k per month for the entire family? Remove transport to work & nepa bill. What is left? Can it feed you and your family for 30 days? Would you have savings?
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Nobody: 11:58pm On Dec 06, 2020
AfroKnight:
100k per month for the entire family? Remove transport to work & nepa bill. What is left? Can it feed you and your family for 30 days? Would you have savings?

Yea but trust me more than half of Nigerians are living below 50k a month in families. It is even harder to find jobs that pay above 100k now.
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Nobody: 11:58pm On Dec 06, 2020
KingintheNorth:



Still living alone on rent .

What is left after your rent monthly? I think that is a better starting point.
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by ednut1(m): 1:01am On Dec 07, 2020
If it's lagos. You go suffer o.
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by faramade16062: 7:02am On Dec 07, 2020
Please your honest answers is really needed here ...if it enough,how can a man manage and sustain the family with it, Analytical break down will be greatly appreciated.
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by SILENTandSMART2: 7:22am On Dec 07, 2020
Alaye nah 30 to 40 most of this average nigerians dey collect anf they live happily,


Most of the guys I know nah 70k dem dey collect and they are cool some don get married self and they even have a car wink


The issue is dat you jusss have to use yaaa brain,


Nothing like big boy when there's no money,

I know many people dat are leaving in 300k\ 350k house but they dem salary nah jusss 70k\85k see the eleribuu settings grin

It is so certain dat they can't jusss have reasonable savings grin

They wanna look big grin,, this issue is so common among people grin ,, we haven't talk about , food, health, clothing etc


You see ehh, all this single guys wey don get job do dis alot , they don't know dat it is an avenue to save against future, you can even build yaa own house before marriage self if you know what you're doing and you're focused wink



Jusss use your brain, though if we break it down 100k ain't money at all,but you're boss to thousands of souls, jusss think wisely dats all wink smiley
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by SILENTandSMART2: 7:24am On Dec 07, 2020
Can
faramade16062:
Please your honest answers is really needed here ...if it enough,how can a man manage and sustain the family with it, Analytical break down will be greatly appreciated.


Seun stop this nah grin


Why will you be repeating what someone said grin grin grin
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by Camelot65: 7:30am On Dec 07, 2020
Depends on your location.......
Re: Is 100k Salary Per Month Enough To Start A Family In Nigeria? by khingTony(m): 7:42am On Dec 07, 2020
If your Wife does not earn above 50K, e go hard oh, why would you want to start a family when you're not yet living comfortably?


You want pay rent, chop food, send children go school, Buy clothes for you and your children, transport go work, pay bills, pay tithe if you're a Christian and a lot more with 100K Savings go dey at all

Develop your self first and be earning a comfortable amount before trying to start a family, because if you don't and you go ahead to start a family, you'll be too distracted to even think of it.


Don't bring kids into this Nigeria to suffer


Peace smiley

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