After receiving your salary, it seems money always finds a way out of your wallet or purse, sometimes without consulting you. Your paycheck is hardly enough for expenses within the month not to talk about saving a portion for an investment or project.

With these few hacks, you should be able to keep a few bucks away and still make the very best of your remuneration.

1. Make a budget and stick to it.

Immediately you get notification of payment of your salary, take a few minutes to reflect deeply and write an explicit budget. Write down all expenses, essential and trivial, that you propose to make for that month. Don’t leave excess cash as miscellaneous, even if it is for recreation or outings, always try to tie something to your cash.

2. Reverse your thinking; Pay yourself first

Get this. After you get paid for performing various duties and responsibilities at work, you pay everybody else but yourself. Isn’t that just wrong? Your mechanic, food vendor and many other individuals get a slice of the cake while you get only the icing. Take out a certain percentage monthly (say 15%) and stash it in an account that you don’t access regularly. This will can become the spine for future investments or just extra cash for exigencies.

  3. Reduce your expenses

There are some unnecessary activities that you spend excessively on monthly. It is quite important to cut these short while also making the best of expedient purchases. This will include you trying to make the best bargains from your groceries, internet payment and other expenses. Do your research, ask friends where they shop and compare prices. You will be surprised at the great bargains you are currently missing out on.

4. Have a project or reason tied to your saving

When you save, have a particular project that you are saving towards. It might be investing in stocks, buying a car, getting a better apartment, starting a professional course or seed money for a small business. It’s your money so it’s your choice.

If you do not have a goal to your saving, there is huge tendency you will spend the lot on petty activities that you might later regret.


Source.

http://insidify.com/discovery/four-ways-to-get-the-best-of-your-salary?utm_source=Salary+to+Dele+2&utm_medium=email&utm_campaign=Salary+to+Dele+2

Educative! But your family! Your wife:s family! Your personal project! Cost of living and transportation. Employers dont pay U so U can be like them rather to keep body and soul together. Amongst all of the above with wisdom the best can be made outta monthly salary if beer n ho'es are not included in the budget.

Lesson learnt

CrazyMan:

4. Have a project or reason tied to your saving

When you save, have a particular project that you are saving towards. It might be investing in stocks, buying a car, getting a better apartment, starting a professional course or seed money for a small business. It’s your money so it’s your choice.

If you do not have a goal to your saving, there is huge tendency you will spend the lot on petty activities that you might later regret.


Source.

http://insidify.com/discovery/four-ways-to-get-the-best-of-your-salary?utm_source=Salary+to+Dele+2&utm_medium=email&utm_campaign=Salary+to+Dele+2

very true.
I can seriously identify with this...
When the purpose of a thing is not known abuse is inevitable .
In addition, do not save at home, use bank or trusted cooperative ...

okies

All this grammar I hope say u dey follow am. Cos must times we ve beautiful plans n we dnt adhere to them. Besides with the way tins r, we spend as the money comes

Including ?

If you are thinking of saving in Nigeria you are on your own, from experience, something will always come up. So to save

1. Invest 50% of your salary monthly in something you cant convert to cash easily - Buying properties etc
2. Do a direct debit to an account that you cant access, no deposit slip, no cheque , no ATM (dont bother asking for it) then do an automatic transfer of 10% of your salary monthly
3. Also do a savings with an insurance firm that u can only access after one year 10% of your money
4. keep another 10% for small small investment
5. Then blow the rest with all alacrity, trust me with the remaining change you will learn to spend wisely by force by fire

Salary.. Na wa o. Can't do that again.

The only thing money has taught me is that; 'You think modestly and brilliantly before you get paid, but once you're paid, then, it's a different ball game'


Wow! My first day on nairaland and I'm making front page! Wana dedicate this achievement to that toaster of mine who directed me to this site as a way of curing my boredom. I may probably give your proposal a consideration.

kk

""If you do not have a goal to your saving, there is huge tendency you will spend the lot on petty activities that you might later regret""

That's it!

Not a salarian but worth reading.

So true. Informative and educative

naija salary has been cursed

Very True.. I adhere to all that..

Nice one OP.

Easy to say

Some people's take home salary doesn't even take them to the bridge before their house talk more of taking them home.

When responsibilities full neck?

CrazyMan:
After receiving your salary, it seems money always finds a way out of your wallet or purse, sometimes without consulting you. Your paycheck is hardly enough for expenses within the month not to talk about saving a portion for an investment or project.

With these few hacks, you should be able to keep a few bucks away and still make the very best of your remuneration.

1. Make a budget and stick to it.

Immediately you get notification of payment of your salary, take a few minutes to reflect deeply and write an explicit budget. Write down all expenses, essential and trivial, that you propose to make for that month. Don’t leave excess cash as miscellaneous, even if it is for recreation or outings, always try to tie something to your cash.

2. Reverse your thinking; Pay yourself first

Get this. After you get paid for performing various duties and responsibilities at work, you pay everybody else but yourself. Isn’t that just wrong? Your mechanic, food vendor and many other individuals get a slice of the cake while you get only the icing. Take out a certain percentage monthly (say 15%) and stash it in an account that you don’t access regularly. This will can become the spine for future investments or just extra cash for exigencies.

  3. Reduce your expenses

There are some unnecessary activities that you spend excessively on monthly. It is quite important to cut these short while also making the best of expedient purchases. This will include you trying to make the best bargains from your groceries, internet payment and other expenses. Do your research, ask friends where they shop and compare prices. You will be surprised at the great bargains you are currently missing out on.

4. Have a project or reason tied to your saving

When you save, have a particular project that you are saving towards. It might be investing in stocks, buying a car, getting a better apartment, starting a professional course or seed money for a small business. It’s your money so it’s your choice.

If you do not have a goal to your saving, there is huge tendency you will spend the lot on petty activities that you might later regret.


Source.

http://insidify.com/discovery/four-ways-to-get-the-best-of-your-salary?utm_source=Salary+to+Dele+2&utm_medium=email&utm_campaign=Salary+to+Dele+2

Crazyman or Wiseman

I think before the salary comes make the budget. Prior Proper Preparation Prevents Poor Performance.
Do not depend solely on your salary....have other streams of income.
Success have many foster parents, failure is an orphan.

A gateman built a house with his mearge salary while a low level manager retired with nothing to show for it.

A friend currently in Abuja earning 45k as a contract staff was able to buy and build a house although not the kind he would have wished, the brother is a house owner while those that earn 135k can't even boast of 1.5m savings yearly.

But FG never pay for this month na

Ok

Ok

remidemi534:
real fact, preach on pastor

I dint write that though, culled out from the Op's post.

True story

You havnt talkd bout ur family...ur wifes family wich is plus includin aunties n uncles n cousins n all dt plus august visitor join again