Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,692,536 members, 6,344,937 topics. Date: Friday, 18 June 2021 at 10:07 AM

How Not To Spend Your Salary! - Jobs/Vacancies - Nairaland

Nairaland Forum / Nairaland / General / Jobs/Vacancies / How Not To Spend Your Salary! (25431 Views)

Have You Ever Lost A Job Offer Because You Negotiated Your Salary Too High? / If Your Salary Is Not Enough For You, Then This Business Opportunity Is For You! / 4 Way To Answer The Question About Your Salary Expectation In Job Interview (2) (3) (4)

(1) (2) (3) (4) (5) (Reply) (Go Down)

How Not To Spend Your Salary! by LauraClasikVibe(f): 11:36am On Apr 19
HOW NOT TO SPEND YOUR SALARY!

Earning money is difficult whereas spending money is easy. So, it is necessary to spend judiciously. I have seen that sometimes a richer person is unable to manage his expenses because of extravagance whereas a poorer person manages is expenses successfully. A person should spend in such a way that he can save some money for future. Some guidelines for spending judiciously is given below:

Lessons
1. Don’t buy what you don’t need
2. Don’t borrow to buy wasting assets
3. Have a saving habit; it helps you in rainy day
4. Don’t try to impress anybody with your clothes or cars
5. Avoid friends who make you go into debt because you want to belong.
6. Have annual financial plans

Lastly, salary is never enough. Put your money in assets that can yield returns. such as Money Mutual funds, T-Bills, Digital Assets etc

109 Likes 9 Shares

Re: How Not To Spend Your Salary! by LauraClasikVibe(f): 2:20pm On Apr 19
Good afternoon

2 Likes

Re: How Not To Spend Your Salary! by obembet(f): 3:57pm On Apr 21
M

1 Like 1 Share

Re: How Not To Spend Your Salary! by Sheuns(m): 3:57pm On Apr 21
grin

Topic should be how not to finish spending your salary before the next one comes.

97 Likes 3 Shares

Re: How Not To Spend Your Salary! by MasterRahl(m): 3:57pm On Apr 21
angry
Good tips. However, the most important is STRIVE TO EARN MORE.

No matter how hard you try to save, it is important to note that it takes just a single emergency to wipe off an entire savings... especially when you're saving in a valueless currency like the Naira.

As such, salary earners and others should try as much as possible to create at least three sources of income (in a country like Nigeria). If possible, at least one of these sources should pay in hard currency. The OP made mention of this in the last paragraph.

We will survive.

70 Likes 3 Shares

Re: How Not To Spend Your Salary! by bigdammyj: 3:57pm On Apr 21
Noted
Re: How Not To Spend Your Salary! by Elsanchez: 3:58pm On Apr 21
beer beer bank nko?

5 Likes

Re: How Not To Spend Your Salary! by EmekaBlue(m): 3:58pm On Apr 21
Word

Easy to say abi write but in reality your salary is even mostly spent before you collect it with pending issues to resolve awaiting it

Your girlfriend/wife upkeep
Your brother/sister in school
Your relatives/friends who knows u earn salary
Your Internet, Call card, dstv and other utilities
Food in d house
Transport upandan
That person u owe to repay....The list goes on

Maybe all these ontop 70k or some even less

73 Likes 3 Shares

Re: How Not To Spend Your Salary! by seyicodes(m): 3:58pm On Apr 21
Please i still need a job ... i need a job please even if na driver i go do.. i get valid driver's license 3 years

4 Likes

Re: How Not To Spend Your Salary! by Wonk(m): 3:58pm On Apr 21
Bullshit!
What am I suppos'd to do with that piece man? I ain't got no job, I'm just a jobless ugly mothafucka!

4 Likes 4 Shares

Re: How Not To Spend Your Salary! by kennethfranc(m): 3:58pm On Apr 21
While it is well to save/invest, it is very difficult for someone who is underpaid to invest.
With the little exposure at work, I always imagine how possibly can a bachelor survive with 20k salary let alone a married man...

The future needs to be male jaree

8 Likes

Re: How Not To Spend Your Salary! by Riverville(m): 3:58pm On Apr 21
You nor serious
Re: How Not To Spend Your Salary! by lilvicky68(m): 3:58pm On Apr 21
1..don't spend it at all be greedy to yourself..
2..Eat once per day..
3..delete and block calls from all family members..
4..instead of paying house rent,live under the bridge.
5... Wake up early and trek to work everyday..
Since you don't want to spend it na

100 Likes 5 Shares

Re: How Not To Spend Your Salary! by IMASTEX: 3:58pm On Apr 21
Cutting your budget to only accommodate your needs is good, but it isn't totally attainable due to the alarming cost of living. Instead, create more sources of income.

12 Likes 1 Share

Re: How Not To Spend Your Salary! by gentle136(m): 3:59pm On Apr 21
Run away from women wen u collect salary

13 Likes 1 Share

Re: How Not To Spend Your Salary! by PussyKing(m): 3:59pm On Apr 21
Can you explain more about this ??

Have annual financial plans

1 Like

Re: How Not To Spend Your Salary! by Mindlog: 3:59pm On Apr 21
For those who are even earning salary.

1 Like 1 Share

Re: How Not To Spend Your Salary! by Gidah: 4:00pm On Apr 21
Interesting but some of this can't be applied in Naija where your money no fit reach u chop before next payday

11 Likes 1 Share

Re: How Not To Spend Your Salary! by xxxXXXxxx: 4:00pm On Apr 21
Financial enlightenment is valuable.

4 Likes

Re: How Not To Spend Your Salary! by PussyKing(m): 4:00pm On Apr 21
gentle136:
Run away from women wen u collect salary

And show back after you have judiciously used the money grin

10 Likes

Re: How Not To Spend Your Salary! by MorataFC: 4:00pm On Apr 21
Op, theory is easy to analyze but what about practical?
In theory Fulham can beat Liverpool, man city, Chelsea barca bayern etc but let dem get to the field all their tactics will be forgotten cheesy

10 Likes

Re: How Not To Spend Your Salary! by dodoro(m): 4:00pm On Apr 21
Trash
Re: How Not To Spend Your Salary! by MorataFC: 4:00pm On Apr 21
RedDesQ:
Funny topic
grin
Re: How Not To Spend Your Salary! by silifat11(m): 4:01pm On Apr 21
No amount of salary is enough if you don't have alternative source of income

6 Likes

Re: How Not To Spend Your Salary! by pillarmaria(m): 4:01pm On Apr 21
Simple and straight... Thanks
Re: How Not To Spend Your Salary! by praiseneo(m): 4:01pm On Apr 21
It doesn’t work in Nigeria. Thank you!!

1 Like

Re: How Not To Spend Your Salary! by Thegoodtravels: 4:02pm On Apr 21
Well said.
Re: How Not To Spend Your Salary! by meobizy(f): 4:02pm On Apr 21
Invest if you see a possibility. Of recent banks make it unattractive to run fixed deposits, so I'm stuck in a rut. Buying shares is also difficult as every broke idiot automatically becomes an expert when I discuss the idea.

4 Likes

Re: How Not To Spend Your Salary! by geesilver(m): 4:02pm On Apr 21
you forgot that most people salary is not enough to cover their recurrent monthly expenditure like transportation, feeding, domestic bills especially this one that NEPA bill is even more than minimum wage.... how do you cope with that.....

3 Likes

Re: How Not To Spend Your Salary! by ictjobber: 4:03pm On Apr 21
Life na one... No go kill yourself because you dey save money

6 Likes

Re: How Not To Spend Your Salary! by ZendayaColeman(f): 4:03pm On Apr 21
Story for the gods.



Earning in Nigerian Naira na modern day slavery.....

1 Like

(1) (2) (3) (4) (5) (Reply)

REVEALED: 10 CV Mistakes That Could Cost You Your Dream Job / God Gave Me A Nice Job As My Xmas Present -PHOTO / Job Vacancy At Murtala Muhammed Airport Terminal Two (MMA2)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 67
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.