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Here Are 5 Ways To Cut Costs In Nigeria - Investment - Nairaland

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Here Are 5 Ways To Cut Costs In Nigeria by Eleniyan15: 11:14am On Jul 25, 2015
1. Comparing prices While Nigerians have the innate tendency to buy the first product or service they stumble on, giving in to this could have detrimental effects on one's finances. Taking time to compare prices from similar providers is a smart way to save money, as it makes one aware of cheaper options.
2. Targeting promos and discount offers Most Nigerian businesses, especially stores and e-commerce platforms run promos at certain times of the year, such as Christmas, Easter, Black Friday, New Year, etc. One can save a lot of money by targeting these promos because products are sold for far cheaper than their regular prices . 3. Buying high quality stuff Though high quality products might be expensive when compared with substandard alternatives, they save a lot of money in the long-term. While a good quality product can continue to work perfectly for several years, a substandard product can start incurring additional costs of repair and maintenance after a few months. And this can be far more expensive in the long term.
4. Doing more at home Another smart way to save money is to start handling certain tasks at home rather than paying for them. For example, eating food cooked at home is always far cheaper than eating out. Similarly, rather than pay weekly for laundry, buying a laundry machine and doing one's laundry at home is a smarter, cheaper idea..
5. Think twice Nigerians tend to buy things on impulse. And this habit ruins finances quickly. So, thinking twice before buying any advertised product or service can help save a lot of money. Most people realize that what they bought was unnecessary only after parting with their money. To avoid such buyer regrets, it is necessary to check whether a product or service is actually needed before purchasing it. By implementing these tips, Nigerians will be able to live better on their salaries and save more.



I hopes this really helps

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Re: Here Are 5 Ways To Cut Costs In Nigeria by Horlufemi(m): 11:16am On Jul 25, 2015
grin

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