Phonefanatic:
Well I'm kinda trying to curtail my expenses but no matter how much I try I end up on the average of 20k per week which in a month translates to 80k . I don't know if I'm being extravagant with spending or other people go through the same.

Bachelors in the house I would like to know how you limit your expenses I think 40k should be enough to go through the week but how exactly?

Joavid:
you need a woman in your life. commit fully to her and she'll help you plan and spend your money wisely.

phabulous88:

Has she finished planning her life?

Joavid:


does your question make sense to you?

shegxi:
My rule is to first save b4 i spend.
If i say i want to save Xamount in a month, i find myself living within wats left. But when i say i want to spend and then save watever its remaining, its always tough to save something tangible.
In d end, it comes down to discipline.

Intrepid01:
I used to have this issue too when I changed my job last year. I started spending time in Lagos and catering for my own expenses unlike the former job that takes me around and cater for all the expenses. I realised despite the fact that I earn around 400k, I'll still be close to broke by month end and expecting salary like i wasn't paid the previous month. Meanwhile no wife, child or anything. Na just me alone. So I decided to do this:
I first of all analysed those essential (fixed) expenses I can't do without in a month;
1. Fuel for car - 5k weekly = 20k in a month.
2. Fuel for gen - 2k weekly = 8k monthly.
3. Monthly tithe. ........× amount.
4. Xfers to family .......40k
5. Laundry .....5k on the average
6. Security and utility bills.....6K

After i found out that my fixed expenses are actually around 150k monthly. I just checked out some monthly investments and placed a direct debit instruction on my account .....whether I like it or not 200k is taken out of my acct. monthly to these investments. By so doing I av limited excess fund to throw around . Afterall na naija me dey ..na Rome father Xmas dey live.

Bros try this out.

phabulous88:


Where in the Op's post was it mentioned or inferred that he needed a woman. Was the question even directed to you? It was directed to bachelors; are you one?
Even if you wanted to contribute, why not answer the darn question - how much do you spend in a week?!

gidjah:
Hmm bros you resemble me far far. That was how I use to dig it out when men were boys o. But guys don't grow now I. Can't fit put peg o my expenses, unforseen expenses shows up daily now. I spend ten of thousands on recharge card weekly self, fuel, kids too dry! Chei, guys if you no ready no go close to marriage o, once you are not discipline as a single guy, you go suffer to adjust as a married man o.

Intrepid01:
I used to have this issue too when I changed my job last year. I started spending time in Lagos and catering for my own expenses unlike the former job that takes me around and cater for all the expenses. I realised despite the fact that I earn around 400k, I'll still be close to broke by month end and expecting salary like i wasn't paid the previous month. Meanwhile no wife, child or anything. Na just me alone. So I decided to do this:
I first of all analysed those essential (fixed) expenses I can't do without in a month;
1. Fuel for car - 5k weekly = 20k in a month.
2. Fuel for gen - 2k weekly = 8k monthly.
3. Monthly tithe. ........× amount.
4. Xfers to family .......40k
5. Laundry .....5k on the average
6. Security and utility bills.....6K

After i found out that my fixed expenses are actually around 150k monthly. I just checked out some monthly investments and placed a direct debit instruction on my account .....whether I like it or not 200k is taken out of my acct. monthly to these investments. By so doing I av limited excess fund to throw around . Afterall na naija me dey ..na Rome father Xmas dey live.

Bros try this out.

Intrepid01:
I used to have this issue too when I changed my job last year. I started spending time in Lagos and catering for my own expenses unlike the former job that takes me around and cater for all the expenses. I realised despite the fact that I earn around 400k, I'll still be close to broke by month end and expecting salary like i wasn't paid the previous month. Meanwhile no wife, child or anything. Na just me alone. So I decided to do this:
I first of all analysed those essential (fixed) expenses I can't do without in a month;
1. Fuel for car - 5k weekly = 20k in a month.
2. Fuel for gen - 2k weekly = 8k monthly.
3. Monthly tithe. ........× amount.
4. Xfers to family .......40k
5. Laundry .....5k on the average
6. Security and utility bills.....6K

After i found out that my fixed expenses are actually around 150k monthly. I just checked out some monthly investments and placed a direct debit instruction on my account .....whether I like it or not 200k is taken out of my acct. monthly to these investments. By so doing I av limited excess fund to throw around . Afterall na naija me dey ..na Rome father Xmas dey live.

Bros try this out.

Intrepid01:
I used to have this issue too when I changed my job last year. I started spending time in Lagos and catering for my own expenses unlike the former job that takes me around and cater for all the expenses. I realised despite the fact that I earn around 400k, I'll still be close to broke by month end and expecting salary like i wasn't paid the previous month. Meanwhile no wife, child or anything. Na just me alone. So I decided to do this:
I first of all analysed those essential (fixed) expenses I can't do without in a month;
1. Fuel for car - 5k weekly = 20k in a month.
2. Fuel for gen - 2k weekly = 8k monthly.
3. Monthly tithe. ........× amount.
4. Xfers to family .......40k
5. Laundry .....5k on the average
6. Security and utility bills.....6K

After i found out that my fixed expenses are actually around 150k monthly. I just checked out some monthly investments and placed a direct debit instruction on my account .....whether I like it or not 200k is taken out of my acct. monthly to these investments. By so doing I av limited excess fund to throw around . Afterall na naija me dey ..na Rome father Xmas dey live.

Bros try this out.

Eghosa1:


I think you meant 40k through the month. Lol.
Being a bachelor still, I find myself spending between 20-30k per week and it is starting to worry me even.
Hopefully answers come but one way I suggest is get a journal and determine to write down what you want to get for the day and it should be that and that only.
My expense is so cos I eat out everyday but with this economic crisis, I'm going to learn cooking in the long run self. Lol.

Joavid:
you need a woman in your life. commit fully to her and she'll help you plan and spend your money wisely.

phabulous88:

Has she finished planning her life?

Phonefanatic:


Any tip on that monthly investment? I can put in that same amount every month only if it will get me something in return.

Phonefanatic:
Well I'm kinda trying to curtail my expenses but no matter how much I try I end up on the average of 20k per week which in a month translates to 80k . I don't know if I'm being extravagant with spending or other people go through the same.

Bachelors in the house I would like to know how you limit your expenses I think 40k should be enough to go through the week but how exactly?

Joavid:
you need a woman in your life. commit fully to her and she'll help you plan and spend your money wisely.

phabulous88:


Where in the Op's post was it mentioned or inferred that he needed a woman. Was the question even directed to you? It was directed to bachelors; are you one?
Even if you wanted to contribute, why not answer the darn question - how much do you spend in a week?!

Joavid:


really though? what's your problem?

was it difficult for you to understand I was just advising the op.

why jump on my post like a bissh in heat?

we are talking about planning finances, you're asking if she has planned her life?

who in this world has planned thier whole life?

have you planned your life?

which kind 10kobo sense you get?

shallow reasoning madu