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Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong - Career (2) - Nairaland

Nairaland Forum / Nairaland / General / Career / Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong (33124 Views)

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Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by godumes: 1:25pm On Sep 20, 2021
My brother you dey greedy
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by BigDawsNet: 1:25pm On Sep 20, 2021
I guess not... That's $730 grand

I believe it should be enough

But a family of three...you will have to manage

Remember more income more responsibility
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by babyfaceafrica: 1:25pm On Sep 20, 2021
He isn't frugal

1 Like

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by BigDawsNet: 1:25pm On Sep 20, 2021
Make sure you manage it... don't buy unnecessary things
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by onuwaje(m): 1:25pm On Sep 20, 2021
This OP dn ment

1 Like

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by tasalanoni(m): 1:26pm On Sep 20, 2021
OkuFaba:
He no dey fvck Hoelosho??

Where is the Hoelosho budget??
I'll sue you for using that meme.. you sure don't know who that man is

1 Like

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by house10s: 1:26pm On Sep 20, 2021
sense no dey with people wait till u get 800k den u will get sense
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by midehi2(f): 1:26pm On Sep 20, 2021
crestedaguiyi:
E no reach anything o
E no reach, is there even any job in Nigeria

1 Like

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by GreatrAnalyst: 1:27pm On Sep 20, 2021
Hmmm
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by tensazangetsu20(m): 1:27pm On Sep 20, 2021
Its really low. Things are so expensive in Nigeria now.

2 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by karkinase(m): 1:27pm On Sep 20, 2021
I'm sorry to say Nigeria is gone..I see ppl arguing that the guy is extravagant..only if you earn that amount you will know it doesn't do too much.

10 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by JoeEeL(m): 1:27pm On Sep 20, 2021
.
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by compton11(m): 1:27pm On Sep 20, 2021
This is stupid sh.it

He should move out from that place and cut his stupid ass budget

1 Like

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Sirmuel1(m): 1:28pm On Sep 20, 2021
Esseite:
Someone earns about 400k monthly which is suppose to be a very good salary, but his expenses despite frugal is not cutting it.. he has been advised on marriage countless times, but he does not just know how to support such. He tries to make people see reason as to why the "big boy tag" does not fit because he cant see it at all..

- his job prevents me from cooking and he really does not know how to cook either, really really bad at cooking.
- he stays in an apartment of 1m/annum, which is somewhat not luxury I think.

Rent - 84,000 monthly (average 2 bed)
Security - 5,000 monthly
Estate security - 3,000 monthly
Cleaner - 5,000 monthly
Dstv - 9,500 monthly
Auto Fueling - 50,000 monthly
Auto servicing - 7,000 (3mths projection)
Auto miscellenous/charges - 10,000 (tolls,pr)
Generator fuel/service - 30,000 monthly
Laundry - 10,000 monthly
Feeding - 77,500 (2,500/day)
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly)
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)

Total = N395,200
Savings - 7,800

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.






Most stupid Budget I've ever seen. People earning 30k can manage to save more than this man every month



Why would you eat with 77k monthly? Can't you buy foodstuff and learn to cook? What kind of stupidity is this?

10 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Mgtow8: 1:28pm On Sep 20, 2021
Middle class people and their love for being trapped in the rat race ......living rich and dying broke
Esseite:
Someone earns about 400k monthly which is suppose to be a very good salary, but his expenses despite frugal is not cutting it.. he has been advised on marriage countless times, but he does not just know how to support such. He tries to make people see reason as to why the "big boy tag" does not fit because he cant see it at all..

- his job prevents me from cooking and he really does not know how to cook either, really really bad at cooking.
- he stays in an apartment of 1m/annum, which is somewhat not luxury I think.

Rent - 84,000 monthly (average 2 bed)
Security - 5,000 monthly
Estate security - 3,000 monthly
Cleaner - 5,000 monthly
Dstv - 9,500 monthly
Auto Fueling - 50,000 monthly
Auto servicing - 7,000 (3mths projection)
Auto miscellenous/charges - 10,000 (tolls,pr)
Generator fuel/service - 30,000 monthly
Laundry - 10,000 monthly
Feeding - 77,500 (2,500/day)
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly)
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)

Total = N395,200
Savings - 7,800

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.



7 Likes 1 Share

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Nobody: 1:28pm On Sep 20, 2021
Omo shocked shocked
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by princewarri1985: 1:28pm On Sep 20, 2021
He should be grateful, some people live on a monthly salary of 20k and they are grateful to God and happy
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Klass99(f): 1:29pm On Sep 20, 2021
smiley

2 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Juell(m): 1:29pm On Sep 20, 2021
grin
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Seun(m): 1:30pm On Sep 20, 2021
Cooking is not that hard. He can cook easy foods on weekends and keep them in a deep freezer. When he is hungry, he can take them out and microwave them. This even works for pets.

7 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by faithfull18(f): 1:30pm On Sep 20, 2021
Hmmn, he can save on data ,airtime and cable subscription when he buys from us.


He should cut down on rent, Lagos is expensive sha, feeding too. In fact, a lot of things in that list should be cut down on or he increases his income.
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Mendy101: 1:30pm On Sep 20, 2021
Esseite:
Someone earns about 400k monthly which is suppose to be a very good salary, but his expenses despite frugal is not cutting it.. he has been advised on marriage countless times, but he does not just know how to support such. He tries to make people see reason as to why the "big boy tag" does not fit because he cant see it at all..

- his job prevents me from cooking and he really does not know how to cook either, really really bad at cooking.
- he stays in an apartment of 1m/annum, which is somewhat not luxury I think.

Rent - 84,000 monthly (average 2 bed)
Security - 5,000 monthly
Estate security - 3,000 monthly
Cleaner - 5,000 monthly
Dstv - 9,500 monthly
Auto Fueling - 50,000 monthly
Auto servicing - 7,000 (3mths projection)
Auto miscellenous/charges - 10,000 (tolls,pr)
Generator fuel/service - 30,000 monthly
Laundry - 10,000 monthly
Feeding - 77,500 (2,500/day)
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly)
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)

Total = N395,200
Savings - 7,800

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.




Look 400k is very okay, you should have nothing less than 150k savings, which kind careless breakdown is this na, it’s either he is a simp and they ripping him off steady orrr he just doesn’t know what he is doing, auto fuel kor, serving of what?, cleaner? Seriously? He can’t clean or what? Fuel for gen 30k for what? Why spend 1m for a house that doesn’t have light, see I am angry right now sef, just tell him he is wasting his money and he would regret it because at the end of the year with 400knyounhave no savings, no investment, you didn’t even live a good live you just managed to survive, make e Dey form big boy dey go

12 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Nobody: 1:30pm On Sep 20, 2021
chatinent:


He lives a pennywise-man-foolish lifestyle. How can you be paying rents almost thrice your monthly net income?

Just look at the whole expenses listed there!

If I were earning ₦400k, I'd relocate to a flat where I can pay at maximum, ₦250k yearly (and that's because I want to have a family). A two bedroom flat is okay for a start.

I'd use my first monthly to pay it off, doing a little refurbishment too. I like to buy foodstuff in bulk so I am definitely going to spend up to ₦80k for it. If I don't have a freezer, I wouldn't bother buying goods that are too perishable. I would save for a freezer and a generator together.

I have to buy the major things so as to enable me begin to save. Sorry I didn't tell you, I don't save. I actually invest. I'd start up sth else with the saving..rather than living it lying adamant.

It's not a must to live a big boy life!

Look at the figures he uses to flex. To spend on top drink and woman!

So e no fit wash cloth or save up for a washing machine and drier?

Data for ₦10k? E should kuku send a CV to PornHub. Abi free WiFi no dey workplace?

Recharge card for ₦15k? Sure this uncle want to live long in this life? Even Elon Musk doesn't recharge ₦15k.

Cleaner ₦5k? En hand dey pain am? Why can't he marry and send this to his wife instead?


In fact, let me stop analysing. How old is his stupidity if I may ask?

Tell him to use the savings of ₦7800 to buy GO90 and Snipper and drink! He doesn't deserve to waste the oxygen others need. Better still, make una call Cele people to flog out the Aso-Rock demon in him.

It's nice to cloth your clothes according to your cloth size.

No go dey compete with people who depend on their family when your family depends on you!

Have you considered the issue of transportation and distance in your analysis? You can't be working in VI and be living in Ikorodu! That's the only place where u can get a 2 bedroom for 250k. You will spend double the amount of rent on transportation within 6 months and get hospitalised frequently.

The only mistake the OP made was the excessive peripheral costs. Otherwise, I'd say his budget is adequate for Lagos.

7 Likes 2 Shares

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Yankee101: 1:31pm On Sep 20, 2021
This is a very wasteful person

Cut your budget by half and save half of your salary

What you're saying is you don't give your family anything. That's very greedy (even if they're rich)

At 400k monthly cut your expenses to 200k monthly maximum.

8 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by seyz91(m): 1:31pm On Sep 20, 2021
cheesy
OkuFaba:
He no dey fvck Hoelosho??

Where is the Hoelosho budget??

1 Like

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Nobody: 1:31pm On Sep 20, 2021
400,000 is very sufficient, if one cut out unnecessary stuffs. He is definitely living above his means. And to think he is still a bachelor, too bad.

6 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by crestedaguiyi: 1:32pm On Sep 20, 2021
UncleHaba22:
We that are not even earning UpTo 10k will say yes




But even if you are married with two kids if your wife dont have a sly queen/ gold digger mentally if you earn 400k per month minimum 1year 6month (1 and the half years) you don't have a house of your own


You are not normal


My opinion tho

Yeye talk.

Assuming he is married with 2 kids, what do you think their schools fees will be for just 2 kids.

You dont dress anyhow to such jobs

What of fuel for gen and car
What of parents upkeep
What of rent
What do you think the cost of building materials is.

Him no go drink beer for weekend

4 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by DMCY: 1:32pm On Sep 20, 2021
Esseite:
Someone earns about 400k monthly which is suppose to be a very good salary, but his expenses despite frugal is not cutting it.. he has been advised on marriage countless times, but he does not just know how to support such. He tries to make people see reason as to why the "big boy tag" does not fit because he cant see it at all..

- his job prevents me from cooking and he really does not know how to cook either, really really bad at cooking.
- he stays in an apartment of 1m/annum, which is somewhat not luxury I think.

Rent - 84,000 monthly (average 2 bed)
Security - 5,000 monthly
Estate security - 3,000 monthly
Cleaner - 5,000 monthly
Dstv - 9,500 monthly
Auto Fueling - 50,000 monthly
Auto servicing - 7,000 (3mths projection)
Auto miscellenous/charges - 10,000 (tolls,pr)
Generator fuel/service - 30,000 monthly
Laundry - 10,000 monthly
Feeding - 77,500 (2,500/day)
Hangout/chills/network - 30,000 (7,500/week)
Clothing/wears/accessories - 10,000 (monthly)
Electricity bill - 10,000(monthly)
Gifts - 10,000(monthly- No wife/No GF)
Home maintenance/personal care- 10,000 (monthly)
Healthcare miscellenous - 5,000 (monthly)
Internet data - 10,000 (monthly)
Recharge card - 16,000 monthly (500 daily)

Total = N395,200
Savings - 7,800

How in the world would he explain to people that he does not have. He is an introverted character and a very frugal in finances. He didnt not factor in furnishing et all.. he has no school fees and multiple mouths to feed.



I believe he should cut cost on some things and about airtime why not move to a network that gives you call bonus when he recharges(I believe airtel does that)? that way he can save more
Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by peacettw: 1:33pm On Sep 20, 2021
Hahaha. Please, a lot of things can be weeded off that list, starting with feeding

1 Like

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Adol84: 1:33pm On Sep 20, 2021
The only thing I can say here is, oga, you ought to cut down on some of the things you spend money on. I wish I was paid 400k. As a state civil servant, you are very very well paid than me.

3 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by udemzyudex(m): 1:33pm On Sep 20, 2021
Funny. This one never ready to marry even if he dey earn millions, just see the list naa

6 Likes

Re: Is N400,000 A Bad Salary In Today's Nigeria? Is He Doing Something Wrong by Nobody: 1:33pm On Sep 20, 2021
Someone who is not you ____pls if you're the person and how will you managed it

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