salomn: I stay in Sangotedo Lekki area of lagos and work in Lekki Phase1.I am married with a kid now.Wife is not working.I notice that i do spend atleast N80k and above monthly for the upkeep of the family despite the fact that i dont engage in buying fancy things like clothes,shoes,going to clubs,drinking joints etc.My expenses centers on feeding,transport fare and extraneous household expenses for three of us.At the end of the month,my expenses will be running atleast 80k and above,atimes it will hit up to 100k,thereby finding it difficult to have savings.Please am i extravangant and how can i manage spending lower if possible?,how do you manage your monthly expenses pls?

omonikiba: Then let her learn to manage, [size=18pt]most women who are not working are not good in managing money cos they don't know the pain involve before earning[/size], am sorry if I tasi any one.

omonikiba: @poster, I will say its not too much on an average in lagos to spend that much or even over but you can be wise and spend lower than that. You wife should come in here and help you manage your finances since she is not working.

Let me give you an example of how you can cut ur cost, I stay in surulere with hubby, I don't buy things around there cos things are expensive, I go to mile12 for food stuff, oyingbo for soup things and hubby go to ijora olopa for fish ans chicken we do this to stuck the house for the whole one month I don't go to market. Don't buy things around your house, they are usually expensive. Then let her learn to manage, most women who are not working are not good in managing money cos they don't know the pain involve before earning, am sorry if I tasi any one.

Above all, know that in lagos people just want to collect from you by all means, you to try and have a business, maybe transport business where some income comes in weekly or monthly as extra income to support your home and then have a budget and don't go above it, you live in lagos, you've got to be wise in spending, else, forget, you won't save anything.


100% supported i used 2 live there , and this is exactly how i managed my household with more than 6 mouths 2 feed. i did not even bi pepper there as everything was expensive. with proper planing i was able 2 put aside 4 bulk shoping and just spend money on salary, dustbin collection, fuel and desil, and dstv per month

MuNeme: @post
I think the amount you spend should be looked at in comparison with how much you earn.
If that 80k represents say 20% of your monthly income, then you are good.
However, if such exependiture is above say 70% of your income, then I think you need to take measures to block some waste pipes.
Goodluck

mrrock: @post.
I think Omonikiba have given you the right advise. And I have been doing that for years myself. The best way to save is buy things in bulk. The only thing I don't agree to is geting a side transport business. Don't ever try it else you will regret it!. Sometime ago I once bought 2 Mitsubishi L300 bus and gave out to 2 drivers. Just to make sure there were no mistakes I gave out one of them on Hired-purchase and the other on daily returns. I don't want to waste your time cause the story is long.
None of them performed instead I kepts puting money into the cars until I got fed up and sold the two below cost of one.
Again, don't try transport business unless you can drive them by yourself.

salomn: I stay in Sangotedo Lekki area of lagos and work in Lekki Phase1.

I am married with a kid now. Wife is not working.I notice that i do spend atleast N80k and above monthly for the upkeep of the family despite the fact that i dont engage in buying fancy things like clothes,shoes,going to clubs,drinking joints etc.

My expenses centers on feeding,transport fare and extraneous household expenses for three of us.At the end of the month,my expenses will be running atleast 80k and above,atimes it will hit up to 100k,thereby finding it difficult to have savings.

Please am i extravagant and how can i manage spending lower if possible?,how do you manage your monthly expenses pls?