crestedaguiyi:
E no reach anything o except its net of paye and pension

You go just dey ok but you no go fit build better 4 bedroom duplex in 5 years if that's your only source except you never marry.

Food alone will take 100k at 25k per week for you wify and 2 kids

25k per week on food? Are you buying your food from USA direct?

The average Nigerian has no financial future. Sense no just dey this country. WTF.

Cook assorted meal and put inside freezer. That is not hard na. This thread dey vex me, abeg

chatinent:


He lives a pennywise-man-foolish lifestyle. How can you be paying rents almost thrice your monthly net income?

Just look at the whole expenses listed there!

If I were earning ₦400k, I'd relocate to a flat where I can pay at maximum, ₦250k yearly (and that's because I want to have a family). A two bedroom flat is okay for a start.

I'd use my first monthly to pay it off, doing a little refurbishment too. I like to buy foodstuff in bulk so I am definitely going to spend up to ₦80k for it. If I don't have a freezer, I wouldn't bother buying goods that are too perishable. I would save for a freezer and a generator together.

I have to buy the major things so as to enable me begin to save. Sorry I didn't tell you, I don't save. I actually invest. I'd start up sth else with the saving..rather than leaving it lying adamant.

It's not a must to live a big boy life!

Look at the figures he uses to flex. To spend on top drink and woman!

So e no fit wash cloth or save up for a washing machine and drier?

Data for ₦10k? E should kuku send a CV to PornHub. Abi free WiFi no dey workplace?

Recharge card for ₦15k? Sure this uncle want to live long in this life? Even Elon Musk doesn't recharge ₦15k.

Cleaner ₦5k? En hand dey pain am? Why can't he marry and send this to his wife instead?


In fact, let me stop analysing. How old is his stupidity if I may ask?

Tell him to use the savings of ₦7800 to buy GO90 and Snipper and drink! He doesn't deserve to waste the oxygen others need. Better still, make una call Cele people to flog out the Aso-Rock demon in him.

It's nice to cloth your clothes according to your cloth size.

No go dey compete with people who depend on their family when your family depends on you!

Where do you want to see 250k flat in lagos? Except its ikorodu or badagry. 400k will just get by in this economy for a family or some single guys.

If you work in an industry where alot of emphasis is placed on carriage, dressing and knowledge e.g consultancy, thise expenses are quite valid except may be dstv of 9500

damosky12:


Abi o. It's either some folks like to form rich online or they are just being ignorant of reality...

How many 400k job dey?

Let me be honest with you even the people shouting they are earning 300k a month in Rich government agencies like CBN are liers, the average salary of graduate in CBN is 150, FIRS 170, NNPC 145.
In Nigeria if you are earning 100k sef thank God

OKOATA:
I am sure you live at Lekki/Ajah axis, houses are costly there, imagine paying over 1M yearly for house rent. Guy you de try o.

Do you have idea how much they rent mini flat in ikeja, magodo, yaba, gbagada n surulere..


The developed parts in those area cost fortune to rent mini flat.

It doesn't mean only lekki n ajah Has expensive apartments

Ashirioluwa:


I feel you bro. At least he should be able to save between 1.5 and 2 million at end of the year. You cannot justify this your 250k apartment because everything depends on location. You don’t expect him to move to Sango ota in Ogun state if his job location is at ikoyi / Victoria Island area. If I work in Ikeja area then living in Sango area will not be a burden at all. House rent takes the lion shares of workers salary in Lagos

Makes sense.

Lagos is overrated, abeg. An elder friend I know earns ₦1.3m somewhere in Lagos. He couldn't beat the transportation thing. He had to take a loan to buy an SUV of ₦3.9m...although he has paid the loan completely. Another factor came up; traffic congestion.

Lagos no just easy.

Romanoff:
For one person.

This person is living a large life.

A family of two feeds on 50k per month conveniently.

His feeding bill is off the roof.

He needs to cut down on data and airtime usage.

He needs to get an inverter, with 250k, he can get one that will serve him well for a long period of time. I've used mine for over a year without servicing, I only replaced the water.

He needs to cut down on his hangout expenses.

If he's a commuter that goes from work to house, his fueling bill will reduce.

Please, do you have any idea about the durability of the inverter?

Can it last up to 3 yrs?

What are the things it can power?

And where can I get it?

karkinase:
I'm sorry to say Nigeria is gone..I see ppl arguing that the guy is extravagant..only if you earn that amount you will know it doesn't do too much.

Honestly, you are so apt. I earn around that with allowances due to my frequent travels and I struggle with finances. I know I need to do better with my priorities, but, It’s really hard.
I need a personal finance mentor or advisor and willing to do better financially.

crestedaguiyi:


Yeye talk.

Assuming he is married with 2 kids, what do you think their schools fees will be for just 2 kids.

You dont dress anyhow to such jobs

What of fuel for gen and car
What of parents upkeep
What of rent
What do you think the cost of building materials is.

Him no go drink beer for weekend

Many people do not earn up to that amount and they did have the house of their own. The koko is for you to cut your expenses to barest minimum level, if i earn such amount in a month i will conveniently save 200k from it every month

He is even spending 50k for fuel and 30k for hangouts. He never serious.

chatinent:


He lives a pennywise-man-foolish lifestyle. How can you be paying rents almost thrice your monthly net income?

Just look at the whole expenses listed there!

If I were earning ₦400k, I'd relocate to a flat where I can pay at maximum, ₦250k yearly (and that's because I want to have a family). A two bedroom flat is okay for a start.

I'd use my first monthly to pay it off, doing a little refurbishment too. I like to buy foodstuff in bulk so I am definitely going to spend up to ₦80k for it. If I don't have a freezer, I wouldn't bother buying goods that are too perishable. I would save for a freezer and a generator together.

I have to buy the major things so as to enable me begin to save. Sorry I didn't tell you, I don't save. I actually invest. I'd start up sth else with the saving..rather than leaving it lying adamant.

It's not a must to live a big boy life!

Look at the figures he uses to flex. To spend on top drink and woman!

So e no fit wash cloth or save up for a washing machine and drier?

Data for ₦10k? E should kuku send a CV to PornHub. Abi free WiFi no dey workplace?

Recharge card for ₦15k? Sure this uncle want to live long in this life? Even Elon Musk doesn't recharge ₦15k.

Cleaner ₦5k? En hand dey pain am? Why can't he marry and send this to his wife instead?


In fact, let me stop analysing. How old is his stupidity if I may ask?

Tell him to use the savings of ₦7800 to buy GO90 and Snipper and drink! He doesn't deserve to waste the oxygen others need. Better still, make una call Cele people to flog out the Aso-Rock demon in him.

It's nice to cloth your clothes according to your cloth size.

No go dey compete with people who depend on their family when your family depends on you!

chatinent:

So e no fit wash cloth or save up for a washing machine and drier?

Data for ₦10k? E should kuku send a CV to PornHub. Abi free WiFi no dey workplace?

Recharge card for ₦15k? Sure this uncle want to live long in this life? Even Elon Musk doesn't recharge ₦15k.

Cleaner ₦5k? En hand dey pain am? Why can't he marry and send this to his wife instead?

You were making sense at some point until I saw those quoted prints.10k is too much for data?

You don't have enough information to be saying trash like this. Give him your advise, if you have any, and move on.

chatinent:


He lives a pennywise-man-foolish lifestyle. How can you be paying rents almost thrice your monthly net income?

Just look at the whole expenses listed there!

If I were earning ₦400k, I'd relocate to a flat where I can pay at maximum, ₦250k yearly (and that's because I want to have a family). A two bedroom flat is okay for a start.

A 2 bedroom flat for 250k?
Where do u stay?

asobo1:
His job prevents him from cooking. That is to say, he has little or no time at home. Who is the DSTV subscription meant for?

Mtchew

Cynthia

Hassanmaye:

Let me be honest with you even the people shouting they are earning 300k a month in Rich government agencies like CBN are liers, the average salary of graduate in CBN is 150, FIRS 170, NNPC 145.
In Nigeria if you are earning 100k sef thank God

Very true.

If you are earning 100k LEGITIMATELY, you are blessed.

Romanoff:
For one person.

This person is living a large life.

A family of two feeds on 50k per month conveniently.

His feeding bill is off the roof.

He needs to cut down on data and airtime usage.

He needs to get an inverter, with 250k, he can get one that will serve him well for a long period of time. I've used mine for over a year without servicing, I only replaced the water.

He needs to cut down on his hangout expenses.

If he's a commuter that goes from work to house, his fueling bill will reduce.

This expense isnt too much for someone in financial consulting. Its just ok. The only thing he needs to cut is perhaps housing. He needs to network, 30k a month isnt too much for that, it will serve him well in d future in his career

Rubbiish:

A 2 bedroom flat for 250k?
Where do u stay?

Don't act like you aren't from Nigeria. Of course, you can see a two-bedroom flat for that amount. It mustn't be in VI.

Una mumu ehn..... i sha no blame una....Shebi una see 400k to spend now

damosky12:


LOL. 1 m? You are disconnected from the Nigerian reality. You have to climb off your high horse and smell the coffee.

There are families of four five six who live on less than 100k per month. And they are not dieing.

There is a cloth for every size.

BTW, how many people get jobs that pay 400k? Let's just be grateful. What you have (no matter how small) is wealth to others...

90% of Nigerian homes are below the poverty level. My estimates are based on how an ideal family should be. Sadly, the country's situation is not getting any better.

The fellow is over spending. He needs to reorder his finances quickly.

AIIyIic:


Please, do you have any idea about the durability of the inverter?

Can it last up to 3 yrs?

What are the things it can power?

And where can I get it?

I've used it for up to a year now without issues. I live in a two bedroom house, it powers a socket in each room plus bulbs and fans. Same in the sitting room. It doesn't power my freezer or fridge though it can power it but the energy consumption is off the roof.

I never use more than 15% of the energy at a time though. I only power a room at a time.

And I have a rechargeable fan that the inverter can also power and a blender.

It doesn't power AC sha.

Esseite:
Someone earns about 400k monthly which is suppose to be a very good salary, but his expenses despite frugal is not cutting it.. he has been advised on marriage countless times, but he does not just know how to support such. He tries to make people see reason as to why the "big boy tag" does not fit because he cant see it at all..

- his job prevents me from cooking and he really does not know how to cook either, really really bad at cooking.
- he stays in an apartment of 1m/annum, which is somewhat not luxury I think.

Rent - 84,000 monthly (average 2 bed)
Security - 5,000 monthly
Estate security - 3,000 monthly
Cleaner - 5,000 monthly
Dstv - 9,500 monthly
Auto Fueling - 50,000 monthly
Auto servicing - 7,000 (3mths projection)
Auto miscellenous/charges - 10,000 (tolls,pr)
Generator fuel/service - 30,000 monthly
Laundry - 10,000 monthly
Feeding - 77,500 (2,500/day)
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly)
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)

Total = N395,200
Savings - 7,800

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.

A million naira accomodations, ₦30k for hangout,₦10k laundry services,₦9500 Cable TV, and ₦77k monthly feeding will make him to be living from hand to mouth.


How about maintaining the ₦10k internet subscription and Plug it on Smart TV to watch all the watchable?

Buy a washing machine and do the laundry yourself,look for someone to iron them for ₦200 a shirt or ₦300 a pair of shirt and trouser.

Learn how to cook,there is no excuse for ₦77k feeding fee, if you stock your home with ₦70k you will live on that for over 3 months.


Cut your hangout,if you must hang out,go to places like a beach or not too expensive hangout where you will save money,who hangout help?.

Above all look for a relatively cheap accomodations around ₦500-₦600k, saving you almost half of that in a year or if you still want to claim your big boy,look for Flat's that are for sale in that same neighborhood,get a bank to finance it for you and in less than 10yrs you will own it and stop paying rent.


Big boyism no dey help anybody these days oo, except you wan spend your old age in regrets.

What if your company decided to downsize?
You need to turn back from this ruinous path

Esseite:
Someone earns about 400k monthly which is suppose to be a very good salary, but his expenses despite frugal is not cutting it.. he has been advised on marriage countless times, but he does not just know how to support such. He tries to make people see reason as to why the "big boy tag" does not fit because he cant see it at all..

- his job prevents me from cooking and he really does not know how to cook either, really really bad at cooking.
- he stays in an apartment of 1m/annum, which is somewhat not luxury I think.

Rent - 84,000 monthly (average 2 bed)
Security - 5,000 monthly
Estate security - 3,000 monthly
Cleaner - 5,000 monthly
Dstv - 9,500 monthly
Auto Fueling - 50,000 monthly
Auto servicing - 7,000 (3mths projection)
Auto miscellenous/charges - 10,000 (tolls,pr)
Generator fuel/service - 30,000 monthly
Laundry - 10,000 monthly
Feeding - 77,500 (2,500/day)
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly)
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)

Total = N395,200
Savings - 7,800

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.

I can assure you, and I am 100% convinced that, this guy will still not save up to 10k monthly, if his salary is suddenly increased to 850k let’s say, by next month.

The issue is not the amount he is earning, the issue is his financial literacy level. I was in this guy’s shoe for a very long time. I was earning 30k monthly, d money nor Dey reach. I start Dey earn 50k, e nor still reach. 80k, na same story... until 1 girl I met on 2go that year (when social media was still social, not now that it is vicious) helped me re-organized my life. With my 50k salary, I was about to save 120k in 12month and funnily enough, my life style nor depreciate... rather, e appreciate cos it was planned.

Devil be make me leave that gal Dey find wetin I nor even know and I go back to wastage... thank God, I don get sense back now. Though we nor Dey togeda (she is married now), but u Dey apply her principles wen she teach me way back now

Presently, I earn less than 150k a month yet, I save approximately, 40k monthly. No sir, I am not living in a face me I face you apartment. I live in a 3bedroom flat but rather than pay 750k in Sapele RD or GRA as most guys in my office Dey do, I sufry carry myself go Aduwawa where I Dey pay 200k. I chose GOTV and Dey do 2,460 sub. I run my clothes myself, I Dey cook and why I go use 500naira recharge a day when Watsapp Dey there?

I will recommend this book for you OP, “THE RICHEST MAN IN BABYLON”. Buy and make that book your companion for the next 6 months. Put am near ya pillow and go thru am, at least, once every week if you truly care about your future

Complete olodo and the op said the person is frugal,so much for frugality.
Guy use you brain and change your life style,u can do tangible stuffs with that 400k cut out all the excesses n fats from u life.
Number 1 rule your house rent shud neva b more that 25% of your annual pay NEVER. Get an inverter save on gen repair n fuel,may u car too that why u go with fuel efficient economy car dats y people buy corrola n the like. Wake up dude
You r actually living a luxurious life if u look at 9ja standard.

Emmanuel909090:
How can one differentiate between a fool and a foolish fool.

Because i see your foolish friend as a foolishly foolish wasteful fool.

Em mates dea build house with 200k salary he is lavishing his future.

Can i see him, i will love to forget black label bottle on his head, olodo.

400gees a month? Omo if na me dey earn that amount, I go be obi Cubana.

Layze:


You were making sense at some point until I saw those quoted prints.10k is too much for data?

You don't have enough information to be saying trash like this. Give him your advise, if you have any, and move on.

For sb on a 9am to 6pm job? For sb who has free WiFi in his office? Cool down jare. We had writers who are always on through a full month don't even have to spend that much most times.

Layze:


You were making sense at some point until I saw those quoted prints.10k is too much for data?

You don't have enough information to be saying trash like this. Give him your advise, if you have any, and move on.

For sb on a 9am to 6pm job? For sb who has free WiFi in his office? Cool down jare. We as writers who are always on through a full month don't even have to spend that much most times.

How do you manage your work responsibilities? Whoever spends in this manner can run down a Fortune 500 company in 2 weeks.

Just make sure you don't accept a budgetary-related role in your company and forget about starting a business.

I need one! 400k monthly, I'm interviewing please

megastu:
He is even spending 50k for fuel and 30k for hangouts. He never serious.

₦30k is a family man's salary somewhere in that same Lagos feeding fine, and better than him!

It's all about mentality.

dammie4j:


Honestly, you are so apt. I earn around that with allowance due to my frequent travels and I struggle with finances. I know I need to do better with my priorities, but, It’s really hard.
I need a personal finance mentor or advisor and willing to do better financially.

You not alone man..it's a dreadful cycle..

With this level of wastefulness, I wonder how he bought a car to begin with!

Hassanmaye:

Let me be honest with you even the people shouting they are earning 300k a month in Rich government agencies like CBN are liers, the average salary of graduate in CBN is 150, FIRS 170, NNPC 145.
In Nigeria if you are earning 100k sef thank God

How are people now buying benz, Hilux, building houses, lodging in exquisite hotels of 35k/night. Omo eeh

I need this money bad bad.
. feeding dey hard these days

Resurgent2016:


Where do you want to see 250k flat in lagos? Except its ikorodu or badagry. 400k will just get by in this economy for a family or some single guys.

If you work in an industry where alot of emphasis is placed on carriage, dressing and knowledge e.g consultancy, thise expenses are quite valid except may be dstv of 9500

How do you advise him then if he is to marry...and start producing babies?

Lagos harbour people who earn below ₦50k monthly too who dress fine and live...at least...okay.