Here is how the money flows out of your pocket yearly. This small calculation would help you know how good or bad you are doing financially. Note that some of these expenses don’t recur every month, but once a year…Do the maths, and minus the total of all your expenses from the total amount of income you made last year. How did you fare? Anyways, the bottom-line is, what will you cut or leave when making a smarter expense list for 2013. The goal is to make you more financially smarter. Get your calculator out.

PS: Dont forget that whatever re-occurs monthly, you multiply by 12.

[b]1. Rent or Property Taxes:
2. Other taxes (income, etc)
3. Utilities (electricity, gass, water, etc):
4. Household repairs and maintenance:
5. Food (indoor/outdoor):
6. Clothing/Shoes and laundry:
7. Educational expenses ( books, tuition, etc)
8: Child/Family Care:
9: Automobile expenses (gas, repairs, etc.):
10: Other transportation expenses:
11: Entertainment and dining of friends/guests:
12: Major home improvements and furnishings:
13: Professional services (health, dental, insurance, etc):
14: Charitable contributions (church, mosques, family, etc):
15: Other and miscellaneous expenses (Saloon, Pedicure, Manicure, toothpaste, etc):

So….If your expense is more than 50% of your annual income, then you have a “Negative cash-flow”.

If you saved about 50% of your income after spending 50%, You passed, and You have achieved something called “Steady Cash-flow”.

If you saved more than 50% of your earnings, then you definitely have something called a “Positive Cash-Flow”

Im still stuck in the “steady cash-flow”, where did you find yourself?

Source: http://inspired.com.ng/?p=541[/b]

Yay!! I am stable

mod, please move this to frontpage! This is good stuff

@OP How much na? How much do you spend?

$1b

na 9ja we dey,most of dos expenses dont count

Mine fluctuates between Negative cash-flow and Steady cash-flow.

Hmm thanks op. I will transfer this to excel to really get the picture. I had to let go somethings that was dragging me to poverty such as paying for biz shop that is not getting me no returns and selling all to raise my stability soonest. Thanks

Well my thought are willin but my actions ar weak. and i need an advice on how or where i can sell my 4 tracks of music demo off completetly cos am based in owerri where pop and R&B is not lucrative i mean d market is not here. My contact is 07057665683 thank u

OP also missed out the most important expense :

Tithe

Its the best way to move out of up and down cash flow. Many people miss their blessing by holding back their tithe or reducing it. But it's actually a condition of God that "whatever you give He will return it to you in good measure, pressed down, shaken together and running over ( Luke 6:38).

Mathematically :

If you give 0. Gods blessing multiplied by your zero is zero.

If you give 10.00 naira . Gods blessing multiplied by your 10 naira is ten times Gods blessings.... And so on and so forth.

Lets not forget that God will ALSO keep the cankerworms away from your finances.

My advice is to ignore all the sentiments about Jet setting pastors and those who waste/steal church funds and obey Gods instructions.

If you obey God, His favour and divine blessings (including finance) will overwhelm you. Amen

abiL: Ain't nobody got time for this!

nobody does this maths. At best, very rough estimates will appear.

1. Rent: 200k yearly
2. income tax monthly = hustler
3. Utilities (electricity, gass, water, etc): 4k monthly x 12 = 48k
4. Household repairs and maintenance:
5. Food (indoor/outdoor): rough estimate = 30k x 12 monthly = 360k
6. Clothing/Shoes and laundry: 10k monthly x 12 = 120k
7. Educational expenses ( books, tuition, etc): none
8: Child/Family Care: Baby Mama = 20k x 12 = 240k
9: Automobile expenses (gas, repairs, etc.): 20k monthly x 12 = 240
10: Other transportation expenses: 5k monthly x 12 = 60k
11: Entertainment and dining of friends/guests: 10k monthly x 12 = 120k
12: Major home improvements and furnishings: not sure
13: Professional services (health, dental, insurance, etc): 30k yearly
14: Charitable contributions (church, mosques, family, etc): church 20k monthly x12 = 120k
15: Other and miscellaneous expenses (Saloon, Pedicure, Manicure, toothpaste, etc): 5k monthly x 12 = 60k

1,598,000.00 Man, this maths wan give me heart attack!!!
Thanks OP love that ur site inspired.com.ng ...good stuff there sha

mehn, i just calculated mine, i think we nigerians are really rich, our poverty dwells more in our mind.

dplordx: Eeemm, i think Im in the "steady cash-flow" but boy, my baby mama needs to go
And im done with that church

This is not the best way to start the new year!

Think again. Some decisions may change the whole course of your life but when we make it , it's all done in a rush .

Yet the consequences are far more than what we can ever imagine. Then the regrets will follow soon after.

dplordx: Eeemm, i think Im in the "steady cash-flow" but boy, my baby mama needs to go
And im done with that church

dplordx: Eeemm, i think Im in the "steady cash-flow" but boy, my baby mama needs to go
And im done with that church

I just mine and I discovered I live far above my salary, where I got the excess I no know

abiL: Ain't nobody got time for this!

some do... I do...!

If you are so busy making money, you wont bother about how much you spend.

okpara ugo: If you are so busy making money, you wont bother about how much you spend.

Duh. Small small, na him person dey poor. Small small, na him person dey rich....And na small small money dey finish, and na small small e dey plenty


@OP, thank...But seriously, why is the cost of living soooooo crazy in Nigeria!!! I bet GEJ caused this. Its sad to see im spending over 240k on fuel.
But seriously, there is money flowing around in this economy....All I just need to do is provide one of these following to Nigerians, and they can make me soooo rich....

1. Rent or Property Taxes:
3. Utilities (electricity, gass, water, etc):
4. Household repairs and maintenance:
5. Food (indoor/outdoor):
6. Clothing/Shoes and laundry:
7. Educational expenses ( books, tuition, etc)
8: Child/Family Care:
9: Automobile expenses (gas, repairs, etc.):
10: Other transportation expenses:
11: Entertainment and dining of friends/guests:
12: Major home improvements and furnishings:
13: Professional services (health, dental, insurance, etc):
14: Charitable contributions (church, mosques, family, etc):
15: Other and miscellaneous expenses (Saloon, Pedicure, Manicure, toothpaste, etc):

Positive cash flow #BossLady #makiItCount

So nobody sabi maths for this thread?!

What of recharge cards, BIS subscription e't.c

.

no do long calculation check our poverty ratio and u'll see that naija na poor country.
Hence, average nigerian na poor man, collect salary........buy food.......school fees.....nepa bill.....recharge card.....clothes and other expences.......accout go even enter debt way don dey chop from next month salary. Na oyinbo book you dey read o.

Horlawoomey: What of recharge cards, BIS subscription e't.c

utility

If the average Nigerian earn less than one dollar a day, u can as well assume the yearly expenditure of the average Nigerian cannot be more than $365.

And I say that because Nigeria is not a credit society, most businesses deal with cash. The chance of spending more than u earn is a lil low

Shud i include d money i used in smokn igboo,gave 2 my girls n buyn con.dom

abiL: Ain't nobody got time for this!

HAHAHA