Dempsy: I save 100k monthly...sometimes more bt cant be lower than that...

Yoshi-Master:
On a regular day, 25% is fine.

However, when u earn 18k min wage in Nigeria, and have to spend 500 naira a day for transport only, leaving about 6k behind, the math starts getting a bit fuzzy.

abbey2812: I'm not discouraging anybody here on saving part of his or her but l would love to refer you to go and read Robert kiyosaki book titled..'What Rich invest in that middle class and poor don't' ...good luck.

pelusi: All these ,i save this i save that,i hope people are telling us the truth.For example a family man of one hundred thousand naira monthly,no allowances and works in VI,and spends at least N400 to N500 daily on transport alone,caters for the family,manages to live in badore axxis of lekki,and pays a house rent of N300,000 for just a room and parlour annually.No medical allowance,housing,transport etc,all is just the one hundred thousand naira.Yet he atimes attends to his parents needs.My people lets be sincere,can this man even save anything?.Note annual accomodation is like removing or saving N25000-30,000.Transport is roughly N15,000.Breaking this further 30,000 + 15,000,you notice that this has come down to 55k monthly.Can 55k sort out atleast 90% of the above mentioned expenses considering living in lekki axxis.It is very difficult for this kind person to save.Alternatively,let somebody give me a break down on how such person can save,because i was suprised seeing people here mentioning they save 20%,30%,etc even 80 % of their salary.Thanks.

Bunchers stab: u shud ask me if my salary is enof 4 me

Bunchers stab: u shud ask me if my salary is enof 4 me

ighoosagie: not specific. I'd rather spend all 4 somethin dan save all 4 noting.


Life is short my dear

trolling: why would you wanna save fiat currency,i pay my bills then enjoy my soul....reminds me of the fool in the bible who said he would save and enjoy for the years to come...guess what his life was taken that night,now who is gonna spend that money

Manlado:

My first question to aide your inquiry is : if the company decides to reduce salary to 90% would you continue to work or quit?

If the answer is 'no'
Then start saving 10%

Look for ways to cut cost.
Stop making long calls
Don't by expensive outfit.
Use a cheap phone.
Join other colleagues to reduce transport cost.
Rally someone in your office to shop for you where things are cheaper.
Eating healthy can save cost. ( No 'Mr. Biggs)
Don't do bigman.
Always work with a budget and stick to it.

Find a way, am sure you can and will.
It's the only way to reap the fruit of your labour.

phil5: 700k

SniperInADiaper:

You can still enjoy yourself AND save money.

roaringlamb01:

That may sound wise to you... But it really is stupid.
You can't live like dt. I can assume from your statement that you have no plans for the future.
Everyone MUST save..

ighoosagie: d future is now

Tinkybabe: Investment is a type of saving, why aren't people seeing it in that light . savings with interest if you like
As a matter of fact investment is the best form of saving.

For me, I save as much as possible so as to invest in something tangible.

Nosyke:

At the moment, I am saving between 65 % and 72 % monthly. Well, I am actually saving for a project which I need to complete by October. After that, I wil go back to 60%. Its not been funny sha but once i am done with the project, it will be worth it.
Before you ask, I am still very much single but not searching, dont drink, dont smoke nor womanise.

Continues sipping my fanta

toorich: Last year, i started paying Tithes of 10% on my monthly gross out of my little pay: i was promoted twice within a year in the same company without appraisal. today i am paid in foreign currency, i don't incur any expense cos all expenses paid by my company. in summary, i only pay 10% of my gross pay as tithe out of my income,the bulk is saved for any charity or investment i decide.