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19 Ways To Save Money In Nigeria - Business - Nairaland

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19 Ways To Save Money In Nigeria by CotenantNIG: 1:28pm On May 13, 2021
I find this very interesting

We thought about all the practical ways you can spend less and save more with your savings plan for all your goals. Let’s get straight into it.

These are all the topics we’ll be covering:

Food and drink tips
Home and living tips
Transport tips
Health tips
Entertainment tips

Food and drink tips

1) Buy your groceries in bulk: One of the easiest ways to save money is by buying all your groceries in bulk. Not to mention how convenient it is to have the kitchen stocked with all your favourite food. Some great places to buy groceries in bulk are markets and supermarkets.

2) Cook, don’t eat out or order food: It’s expensive eating out always, and when you finally sit down to do the maths it all adds up to you spending more and saving less.

3) Food prep is a lifesaver: You get home after a long day at work, and you’re hungry. You’re also tired and want nothing more than to just rest. Instead of being tempted to buy food, all you’ll have to do is eat the food you prepped for the week.

4) Cook only what you can eat: Sometimes we’re tempted to cook much more than we can eat at a single sitting and end up wasting food. You might not realize it, yet every little bit adds up to one buck that you could have saved.

5) Stock up on non-perishable food: Stocking the house up is all fun and games until you open the fridge to find that all the vegetables have wilted and the fruits are turning all colours of the rainbow. Stock up on non-perishable food and buy your fresh produce only when you have an immediate use for it.

6) Pack lunch when you’re going to work: One of the easiest ways to save money is packing lunch to work. You’ll save money and time when you prep something from home and bring it along with you.

Home and living tips – Ways to Save Money

7) Do your laundry: It’s nice to sit back and know that you’ve handed your dirty laundry to someone who will bring them back nice and clean. But did you know that you could save a lot more if you did them at home or went to the laundromat and did it? Yup, it will save you a few bucks.

cool Practice the 30-day rule: You’ve spotted something you like on your favourite Instagram vendors page, and suddenly you want it. Instead of buying it, put the money in your Cowrywise Stash and wait for 30 days. If at the end of the 30 days you think you need it, buy it. The chances are pretty low that you’ll still feel the impulse and 30 days is an excellent way for it to wear off as you put some thought into it.

9) Outsourcing chores is nice, but doing them yourself is even better (for your pocket): We all hate chores and would much rather prefer to get someone else to do them. Except that costs you a lot. You save much more doing it yourself.
Transport tips

10) Carpooling: That Uber ride you’re about to order? Take it with a friend or two. Carpooling means the bill will be split and you still get to ride in comfort to your destination. It’s an excellent way to cut back on spending.

11) Travel packages are the best travel deals: We know you’ve been thinking about rewarding yourself for working hard. Now you want a vacation, and those flight tickets look too expensive because you’ll have to pay for hotels, food and do cool stuff while you’re there. Go for a travel package which is usually more affordable because you get group discounts. You’ll have fun, get a much better deal and still save some money too!

12) Don’t commute during rush hour: If you can leave your home a little earlier or later, do it! There’s nothing better than avoiding the hike in transport fares during rush hour.

Health tips

13) Cut down on smoking and drinking alcohol: You’re probably wondering what this tip has to do with saving money. If you think about how much money you’ve spent on alcohol and cigarettes, you might notice how it all leads up to a larger amount. Both can also lead to expenses paid on medical bills.

14) Health insurance means less medical bills: When you think about the fact that you pay an affordable amount every month for health coverage, it makes a lot of sense that it saves you money in the long run. Whether it’s a headache or something even more severe, your health insurance covers it and saves you a lot of money.
Entertainment tips

15) Stream less and download more: This should seem pretty obvious, but you’ll end up spending much more on data if you stream.

16) One movie or TV streaming service is enough: There are plenty of platforms offering to give you all the movies you can watch with a monthly subscription. We know there’s a temptation to subscribe for more than one but resist it and save that money in a savings plan instead.

17) YouTube and Vimeo are free: If you’re looking to save even more, slash your movie streaming service and go for YouTube instead. There is a lot of great content on there to watch instead.

18) Research events that are pocket-friendly: You’re bored with being home all weekend and want to go somewhere or do something. Search for events that are pocket-friendly! These events could be close to where you live and don’t require you to dish out a hefty gate fee to grant you access. Eventbrite is a great place to start.

19) See a movie at home and skip going to the cinema: We all love the experience of going to a cinema provides. When you’re on a budget, staying at home to watch a movie is a much better way to save.

https://cowrywise.com/blog/ways-save-money-nigeria/

82 Likes 8 Shares

Re: 19 Ways To Save Money In Nigeria by CotenantNIG: 1:28pm On May 13, 2021
We have plots of land for sale for as low as #1,500,000 at ibeju lekki
click link below to see more
https://clytee.com/2021/05/11/max-garden-odeomi/

4 Likes

Re: 19 Ways To Save Money In Nigeria by Olawalelead(m): 2:28pm On May 13, 2021
Very educating...

31 Likes 1 Share

Re: 19 Ways To Save Money In Nigeria by CotenantNIG: 2:35pm On May 13, 2021
Olawalelead:
Very educating...
yh lalasticlala
Re: 19 Ways To Save Money In Nigeria by azpelicueta: 4:06pm On May 13, 2021
Waw
Re: 19 Ways To Save Money In Nigeria by revived: 4:07pm On May 13, 2021
E Go Be

3 Likes 2 Shares

Re: 19 Ways To Save Money In Nigeria by Nobody: 4:07pm On May 13, 2021
Copy and paste

Wetin concern 30k a month with savings and health insurance

Leave this kind shllt for Americans
Na pesin wey get job dey save

Saving naira sef is like burning money gradually
Ask those who kept 1m naira for the last 10 years undecided

undecided

87 Likes 1 Share

Re: 19 Ways To Save Money In Nigeria by oluwaseyi0: 4:07pm On May 13, 2021
Strive to earn decent then you can think of saving

1 Like 1 Share

Re: 19 Ways To Save Money In Nigeria by incogni2o: 4:08pm On May 13, 2021
Thanks Man
Re: 19 Ways To Save Money In Nigeria by Revere27: 4:09pm On May 13, 2021
For this Nigeria grin grin

My brother naa God dey help us oo... Shey person whey never see morning food chop go dey plan for 30days.. grin

Anyway... I would get there by God's grace

3 Likes

Re: 19 Ways To Save Money In Nigeria by NwaNimo1(m): 4:09pm On May 13, 2021

9 Likes

Re: 19 Ways To Save Money In Nigeria by flyca: 4:09pm On May 13, 2021
Nigeria is truly hard.
It's difficult to really enjoy life with all these up-tight schedules. Unwittingly, someone will be 30, 40, 50, 60, 70 getting ready to die without savoring the very essense of life.

What is life without simple luxuries?
No vacations, no nature rides, insecurity everywhere even in urban cities/centers, mannually wash your clothes, cook your food, have date nights at home, don't visit spas, don't go to cinemas, don't attend live-shows, reduce your already-reduced food portions.

Somedays, even fruits, milk, sardines, mayonnaise, salads are considered grandeur. Buy thrift-clothes, second-hand gadgets, drive car without AC, sometimes jump danfo to save fuel, many forgone alternatives, no room for self-pampering! Nothing nothing!

Just existing, mentally calculating every penny through each day. Life is not fun for many Nigerians embarassed

95 Likes 7 Shares

Re: 19 Ways To Save Money In Nigeria by heartbraker(m): 4:09pm On May 13, 2021
All dis rules are for poor people, u dont tell with a dailly income of 1million naira make person still dey follow all dis kind stupid rules. U will smoke enough weed, bang enough pussy drink enough beer yet u will still save enough money.

3 Likes

Re: 19 Ways To Save Money In Nigeria by obi4eze(m): 4:09pm On May 13, 2021
angry

Please add crypto. Naira is so useless. If you can't hold a cryptocurrency with potential store value please save your money in a stable coin (e.g. USDT) because it's not easy to open a dom account these days.

11 Likes

Re: 19 Ways To Save Money In Nigeria by Valentinooo: 4:09pm On May 13, 2021
The only way to save money is to make more money.

Or how do you expect a salary earner on 40k salary to save in this present Buhari economy

22 Likes 1 Share

Re: 19 Ways To Save Money In Nigeria by rocknation62(m): 4:10pm On May 13, 2021
Op with all you’ve listed,How much have you saved?

2 Likes

Re: 19 Ways To Save Money In Nigeria by WiszyFraud: 4:10pm On May 13, 2021
Did you know??

If you repeatedly criticize someone for liking something you don't, they won't stop liking it. They'll stop liking you.


cool

12 Likes 2 Shares

Re: 19 Ways To Save Money In Nigeria by stupidmod3: 4:11pm On May 13, 2021
undecided


write the one for Nigeria because buying food to eat is cheaper than going to the market to buy food stuff

4 Likes

Re: 19 Ways To Save Money In Nigeria by jackfj: 4:11pm On May 13, 2021
The topic should should have been....

How to live a boring life...

6 Likes

Re: 19 Ways To Save Money In Nigeria by emmabest2000(m): 4:12pm On May 13, 2021
You're total confused OP

This post is for rich people but you wrote it with poor man mentality grin

Buy your groceries in bulks eekwa ?

12 Likes 1 Share

Re: 19 Ways To Save Money In Nigeria by No6ody(m): 4:12pm On May 13, 2021
HAS ANYONE EVER TOLD YOU HOW STUPID YOU ARE?
WELL, KEEP SCROLLING! sad sad
Re: 19 Ways To Save Money In Nigeria by Kingpee2(m): 4:12pm On May 13, 2021
I wish I can be so perfect to do all this ,with all honesty,This naija can’t allow anyone to do all of these rules .
Re: 19 Ways To Save Money In Nigeria by fridayakpos: 4:12pm On May 13, 2021
Thank u sir after use hunger starve my self to death, cud I wn save money for this hardship another man go come chop my savings
Re: 19 Ways To Save Money In Nigeria by Kingpee2(m): 4:12pm On May 13, 2021
I wish ...But this naija frustration cant allow anyone perfect this ...
Re: 19 Ways To Save Money In Nigeria by Akwaibomdude(m): 4:13pm On May 13, 2021
Okay.
Next.
Re: 19 Ways To Save Money In Nigeria by Ytea(f): 4:14pm On May 13, 2021
I bet you just copied this from a foreign country's website.

1 Like

Re: 19 Ways To Save Money In Nigeria by Wawelexy(m): 4:14pm On May 13, 2021
oga, nothing concern politician and yahoo boy with all this list, guess u re talking to the salary earner gang.

1 Like

Re: 19 Ways To Save Money In Nigeria by Pavicx(m): 4:14pm On May 13, 2021
Very educative....

How can we get this money first?
Where Una dey see this money?

Na person wey get money dey save...
Na survival mood men dey now cheesy

God will surely help us!!
Re: 19 Ways To Save Money In Nigeria by EmmaLege: 4:14pm On May 13, 2021
kiss
Re: 19 Ways To Save Money In Nigeria by The5DME(m): 4:15pm On May 13, 2021
This advise no go work for Nigeria oh OP.

5 Likes 1 Share

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