Buying OK Material ?=72700344:
10. Buy 'OK' materials:

Buying OK materials don't only come cheaper, they also come in great quality and designs. When you buy a good OK material, you find out that for a long period of time, you'll still be using that stuff. Plus, the design and beauty of the material will surely get a lot of people asking you this particular question, "where did you buy this from?"

MGab25:
To be honest with you, knowing the life hacks on how to save and manage money in Nigeria, in this current economic situation is very important, but can be can be extremely difficult if you don't know some of these tricks. Monthly budgeting and planning can be challenging at times because it takes discipline, focus and constant practice to stick to it.

There are common sense tips on saving your hard earned money. There are also not so commonsense ways to save money. Either way, here is a list I've compiled, to help you out.


1. Leave Instagram alone!

YOU NEED TO FIND OUT HOW MUCH OF DATA INSTAGRAM CONSUMES! Find out! Maybe, only then , you'll find a way to work on your Instagram addiction.

this is like torture.....


this hard,, cant manage o




better enjoy it while it last


2. Buy LED TVs and not Plasma or LCD.

LEDs are huge power savers. Other types consume more power. You might underestimate the power it consumes, but trust me, it consumes more power than you can even imagine. Same goes for bulbs. Opt for LED/energy saving bulbs.


3. Don’t buy newspapers:

Who even buys them? You can get your news online anyways. Or, better still, you can talk to someone to tell you what’s going on in specific interest areas. It can help you save more money than you can think of.


4. Learn self control/don't be pressured into spending

Everybody’s financial situation is different . Just because your colleague has bought a new car or booked a flat in a fancy location does not mean you should follow suit.

When it comes to big-ticket items like cars and houses, do the math carefully before committing expenses. For instance , the total cost of ownership of a car is much higher than the price quoted by the dealer.

You also have to include the cost of fuel, insurance, servicing, spares and repair. There are a few rules for buying a car. The price of the car should not be more than 60% of your annual household income.


5. Have a shopping list, ALWAYS!:

This is very important as it makes you not to spend more than necessary. Follow your shopping list and maintain strict adherence to it. A lot of people default on that, they might intend on buying just a toothbrush in a grocery store, but come out with two carts, a horse and the barn owner.

That's what you get when you don't have a shopping list.


6. Avoid using Virtual money:

Credit and debit cards are essential because an increasing number of our financial transactions take place online. However, virtual money can be dangerous in the hands of a reckless spender. Studies show that people tend to overspend if they use a credit card for a purchase.

If they have to make the payment in cash, they feel the pinch. Since the credit card user only signs on the slip, the full impact of the purchase is not felt.

To suppress the shopaholic inside you, leave your debit and credit cards behind when you go to the mall. Take cash instead.


7. Fuel your car in the morning not afternoon:

It’s science! If you’re getting your fuel tank filled up, it is more economical to do it in the morning or even at night, rather than do it in the afternoon or during the day, says experts. They say petroleum products expand when they are warm, so due to the expansion, you end up with a lesser percentage of fuel for the money you’ve paid if you’re filling up in the afternoon or during the day.

In the mornings, however, when the temperature is cooler, fuel is denser, irrespective of whether it’s in liquid form or gas, says experts.


8. Set up a budget and adhere to it

The fact is that setting up a budget is the first step towards prudent financial planning, and it’s not too difficult . You have to just set a limit on how much you are going to spend on your clothes, travel, movies and eating out in a month, and stick to your budget.

Budgeting also helps you keep tabs on the itsy-bitsy expenses, such as casual shopping for clothes, eating out, gifting, and entertainment. Most of the time, these smaller items go unnoticed even though they take up a large portion of the total monthly expenditure.


9. Wash your car yourself:

Instead of paying the guy down the road to wash your car, you should find time during the week to wash your own car. It doesn’t only save you money, you maybe lucky to find the spare change you left in the car from last week. �


10. Buy 'OK' materials:

Buying OK materials don't only come cheaper, they also come in great quality and designs. When you buy a good OK material, you find out that for a long period of time, you'll still be using that stuff. Plus, the design and beauty of the material will surely get a lot of people asking you this particular question, "where did you buy this from?"


SOURCE: https://www.yugo.com.ng/2018/10/life-hacks-on-how-to-save-and-manage-money-in-nigeria.html

MGab25:
To be honest with you, knowing the life hacks on how to save and manage money in Nigeria, in this current economic situation is very important, but can be can be extremely difficult if you don't know some of these tricks. Monthly budgeting and planning can be challenging at times because it takes discipline, focus and constant practice to stick to it.

There are common sense tips on saving your hard earned money. There are also not so commonsense ways to save money. Either way, here is a list I've compiled, to help you out.


1. Leave Instagram alone!

YOU NEED TO FIND OUT HOW MUCH OF DATA INSTAGRAM CONSUMES! Find out! Maybe, only then , you'll find a way to work on your Instagram addiction.


2. Buy LED TVs and not Plasma or LCD.

LEDs are huge power savers. Other types consume more power. You might underestimate the power it consumes, but trust me, it consumes more power than you can even imagine. Same goes for bulbs. Opt for LED/energy saving bulbs.


3. Don’t buy newspapers:

Who even buys them? You can get your news online anyways. Or, better still, you can talk to someone to tell you what’s going on in specific interest areas. It can help you save more money than you can think of.


4. Learn self control/don't be pressured into spending

Everybody’s financial situation is different . Just because your colleague has bought a new car or booked a flat in a fancy location does not mean you should follow suit.

When it comes to big-ticket items like cars and houses, do the math carefully before committing expenses. For instance , the total cost of ownership of a car is much higher than the price quoted by the dealer.

You also have to include the cost of fuel, insurance, servicing, spares and repair. There are a few rules for buying a car. The price of the car should not be more than 60% of your annual household income.


5. Have a shopping list, ALWAYS!:

This is very important as it makes you not to spend more than necessary. Follow your shopping list and maintain strict adherence to it. A lot of people default on that, they might intend on buying just a toothbrush in a grocery store, but come out with two carts, a horse and the barn owner.

That's what you get when you don't have a shopping list.


6. Avoid using Virtual money:

Credit and debit cards are essential because an increasing number of our financial transactions take place online. However, virtual money can be dangerous in the hands of a reckless spender. Studies show that people tend to overspend if they use a credit card for a purchase.

If they have to make the payment in cash, they feel the pinch. Since the credit card user only signs on the slip, the full impact of the purchase is not felt.

To suppress the shopaholic inside you, leave your debit and credit cards behind when you go to the mall. Take cash instead.


7. Fuel your car in the morning not afternoon:

It’s science! If you’re getting your fuel tank filled up, it is more economical to do it in the morning or even at night, rather than do it in the afternoon or during the day, says experts. They say petroleum products expand when they are warm, so due to the expansion, you end up with a lesser percentage of fuel for the money you’ve paid if you’re filling up in the afternoon or during the day.

In the mornings, however, when the temperature is cooler, fuel is denser, irrespective of whether it’s in liquid form or gas, says experts.


8. Set up a budget and adhere to it

The fact is that setting up a budget is the first step towards prudent financial planning, and it’s not too difficult . You have to just set a limit on how much you are going to spend on your clothes, travel, movies and eating out in a month, and stick to your budget.

Budgeting also helps you keep tabs on the itsy-bitsy expenses, such as casual shopping for clothes, eating out, gifting, and entertainment. Most of the time, these smaller items go unnoticed even though they take up a large portion of the total monthly expenditure.


9. Wash your car yourself:

Instead of paying the guy down the road to wash your car, you should find time during the week to wash your own car. It doesn’t only save you money, you maybe lucky to find the spare change you left in the car from last week. �


10. Buy 'OK' materials:

Buying OK materials don't only come cheaper, they also come in great quality and designs. When you buy a good OK material, you find out that for a long period of time, you'll still be using that stuff. Plus, the design and beauty of the material will surely get a lot of people asking you this particular question, "where did you buy this from?"


SOURCE: https://www.yugo.com.ng/2018/10/life-hacks-on-how-to-save-and-manage-money-in-nigeria.html

jennann:
Gather money with some friends to buy things in bulk and then share. Works well for me for foodstuffs

ThatHistoryGuy:
Buhari why?

Why have you turned my country men to acute managers

shikshark:
wonderful write up u got there, especially no 7, in fact ill be waiting for rain to fall before buying fuel now.

meanwhile lemme add mine.

11. stick to one olosho if ure not married, they give discount sometimes

12. consider merrybet or nairabet as against bet9ja which minimun stake is #100

13. use whatsapp call for all international calls