So guys I think loans may be the end of me ..I have been taken loans before I recently got a job with a good salary of 120k.....So now the loans I have to pay are 57K in total... I started this habit of always taking loans when I wasn't working so now I do spend my salary on repaying loans and it's not looking funny as I am unable to save ...

before I say pim my money don finish. So how do you guys think I can save myself from this loan life..because currently I stay alone ...and expenses are there like electricity every month which gulps close to 25k ..I was giving a meter that makes me pay that much... I spend 35k on feeding and I have black tax too..I have to send money home every month..

then transport for work they also..So guys how do you think I can escape this loan dilemma so I can at least save have some fun too not that every time I am repaying loans ..As it stands now I have to repay a loan of 28,000 next month because the loans I took are installment loans. I need help on how to go about this thanks.

cc: lalasticlala, seun help push to fp I need suggestions thanks

I created a new moniker before person when sabi me begin bash me ..lol

There are many people like me too who will find their own answers here too


cc: 1forall, mukina2, CrazyMan

that is a habit i most stop this month ending. my work they is no security on it and i keep paying loan every month ending. what is am sack
God forbid

Which loan app?

Someone needs a loan

play5050:
that is a habit i most stop this month ending. my work they is no security on it and i keep paying loan every month ending. what is am sack
God forbid

omo its an habit i wan to stop too

duality:
Which loan app?

Someone needs a loan

oga their interest rates can kill person

duality:
Which loan app?

Someone needs a loan

lol

Wahala for who dey take loans oh..my best best bet is that you should find a way to pay it Sha

Things you should never do no matter the circumstance
Avoid knowing the code to buy airtime from your bank
Avoid borrowing money from telecoms
Avoid taking overdrafts
Avoid watching loan apps add talkless of downloading it

aylive02:
Things you should never do no matter the circumstance
Avoid knowing the code to buy airtime from your bank
Avoid borrowing money from telecoms
Avoid taking overdrafts
Avoid watching loan apps add talkless of downloading it

I wish I knew better walai

A whole Fintech Legend
Such an irony

Folabifreeman:
A whole Fintech Legend
Such an irony

lol na life

Collecting loan to pay the next loan,what a life!God help your Children.

fintechIegend10:
So guys I think loans may be the end of me ..I have been taken loans before I recently got a job with a good salary of 120k.....So now the loans I have to pay are 57K in total... I started this habit of always taking loans when I wasn't working so now I do spend my salary on repaying loans and it's not looking funny as I am unable to save ...

before I say pim my money don finish. So how do you guys think I can save myself from this loan life..because currently I stay alone ...and expenses are there like electricity every month which gulps close to 25k ..I was giving a meter that makes me pay that much... I spend 35k on feeding and I have black tax too..I have to send money home every month..

then transport for work they also..So guys how do you think I can escape this loan dilemma so I can at least save have some fun too not that every time I am repaying loans ..As it stands now I have to repay a loan of 28,000 next month because the loans I took are installment loans. I need help on how to go about this thanks.

cc: lalasticlala, seun help push to fp I need suggestions thanks

U need to plan and pay up ur debts before saving. Its as simple as that

MummyD2020:


U need to plan and pay up ur debts before saving. Its as simple as that

I wish I could but its not easy

120k per month and you’re battling debt?
1)25k on electricity is too much, kilode!! Are you living in a duplex??

You earn 120k monthly, according to you. What to do is to cut out unnecessary bills for the month, pay back the loan you owe and don't try to collect another one. You should pay the bills for important Stuff, buy a little less groceries, cut down payment of somethings that you can do by yourself and start doing them. Tighten your budget a little bit for the month. Then after paying back the loan you can start saving a little bit from your salary. You can start by saving 10% a month and with time, when you realize that you still are having something left, you can increase it to 15% a month till you get to where you want to.

Note: No wasteful spendings, only spend when it's necessary. You shouldn't just take out money to buy things that you don't need. You can reduce groceries, you can start buying things from places that sell them cheaper. You can start doing some things yourself.

aylive02:
Things you should never do no matter the circumstance
Avoid knowing the code to buy airtime from your bank
Avoid borrowing money from telecoms
Avoid taking overdrafts
Avoid watching loan apps add talkless of downloading it

Transfer and recharge code almost ruined me BT I was able to control it now.

Even though I have money in my account,I trek down the road to buy recharge. its wasn't easy at first BT I was able to control it. I only buy online when there is an emergency

At the slightest complain,I don transfer money and more people where bringing their problems to me. At a point,I had no savings ,was working for the comfort of others.

Immediately I stopped,I had piece of mind.

Its takes courage to stop,be determined to.