I make about #160k per month still yet no savings though responsibilities dey my head...here in Lagos no easy that's why I tie hands still dey stay for a room apartment. Last year I was on #60k per month this year new job then #160k and yes I felt I have arrived and in my mind I will save #100k per month. In reality the first two months I was able to save #60, fast forward to now no savings and now everything run into one thing or another.

DaInferno:
for your mind, you're independent?
When someone says they used to do something, they referring to the past

Relax bro, no be fight. How can you compare your past when you were dependent and earning pocket money with this kinda issue, e no correspond chief.

One way to track how much that comes in and goes out is with the KONNASH app.

There you will able to know whether your expenses exceeds your income and also what takes money out of your pocket more.

I use it and I discovered that my expenses was taking 70% of my income and worse is that food takes the most part, followed by transportation and also goodwill donations I give to family members and friends.

Since then I have scaled down my spending and I thinking I am having more to save now

adubam:


It takes miracle to survive on 50k a month in Nigeria without no other side hustle.

I concur.
50k for a working man in naija who will enter transport, feed himself, cloth, groceries etc? Bros if you can save 1k in a month, you try!
My pikin in uni, no transport, feeding, accommodation etc all paid for. 50k does not take him through the month.
APC had shown truelly the next level.

Kudos to you man for even getting up to the 3rd week of the month with 50k!! Baba forget you dey try.....................dont let anyone tell you otherwise. 50k na like 5k when dey disguise

BItt:
I must say this year has been better and much brighter compared to the previous year. But one thing i have been worried about is my saving culture or is it that what i earn isn't high/sufficient enough to cater for bills like transportation, feeding, housing, electricity and other miscellaneous bills.

My salary is a little above 50k and before you know it, by the 3rd week of the month, everything would have finished. I cant say i am spending lavishly on anything because i an introvet. I hardly get to save anything at the end of the month and it pains me alot. I wonder if i am the only one facing this experience or there are other people earning lower or higher facing this.

Could it be that my saving culture is poor? How do you solve this challenge or how are you coping with it.

Bro assuming i am earning half of that your salary , dangote will be jealous of me , in as much as i am not earning up to your salary i still try to save 70% of my salary for 5months by denying myself so many things, including girlfriend, drinking beer , i can eat garri 3 times a day, eat rice 3 times a day , trek to my work place , no drinking of satchet water. bro discipline is the only thing that will help you save , out of my little saving, i have been able to startup another business , i'm praying god will increase me so that i will be able to eat what i want to eat , wear any cloth i want to wear . bro learn to discipline yourself. THANKS.

Therock5555:
Bruh we dey the same boat.

When salary comes, I dey save some part, before month end, na that same money wey I safe nai go save me.



How person wan save when you spend 10k on food for a week and by the next week, 15k no go allow you buy wetin you buy the previous week, it's so fucking frustrating man...

I don cut off from everything cutable but still money dey finish, abeg this country no be am at all....


Just be thankful you're able to survive and not be owing money left and right. For some people eyes you dey enjoy die....



Just keep grinding bruh, e go better one day...or is that future impossible thinking...

chai. Hard truth. What of people like us wey no come get job nkor.
We just dey survive on God

Pineapplelove:
OP do you have a girlfriend? if yes cut whatever you have been giving her
do you have anyother invetsment you are spending on with that salary ? if your answer is no, make sure you get an business to be spending part of your salary on once you collect it. that way, you wont have too much slush fund on you.
also find perosn wey you fit dey bill or help you on a steady. maybe a family member

Women!

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BItt:
I must say this year has been better and much brighter compared to the previous year. But one thing i have been worried about is my saving culture or is it that what i earn isn't high/sufficient enough to cater for bills like transportation, feeding, housing, electricity and other miscellaneous bills.

My salary is a little above 50k and before you know it, by the 3rd week of the month, everything would have finished. I cant say i am spending lavishly on anything because i an introvet. I hardly get to save anything at the end of the month and it pains me alot. I wonder if i am the only one facing this experience or there are other people earning lower or higher facing this.

Could it be that my saving culture is poor? How do you solve this challenge or how are you coping with it.

My dear brother/sister honestly you are not a lavish spender, things are very expensive now especially if you are in lagos or some other states that things are much expensive. don't be surprise that even some people who are earning times 2 of your salary are experiencing the same issue

MrCover:
@Poster, That Money You Are Earning is too small, Start Blogging Business And Thank Much Later.

do I need capital to start blogging?

buttlover:


npower beneficiary spotted

Vultron101:
Wait o who is always moving all these kind of post to the front page? These kind of post are dumb post that should stay where it is. Na wah for una o

you must be mad

TechBIogger:
do I need capital to start blogging?

Nairaland Forum Is Under Blogging Business.

There Is Money Inside This Blogging Business.

Nothing Good Come Easy, My Brother.

The cost of living is very high

BItt:
I must say this year has been better and much brighter compared to the previous year. But one thing i have been worried about is my saving culture or is it that what i earn isn't high/sufficient enough to cater for bills like transportation, feeding, housing, electricity and other miscellaneous bills.

My salary is a little above 50k and before you know it, by the 3rd week of the month, everything would have finished. I cant say i am spending lavishly on anything because i an introvet. I hardly get to save anything at the end of the month and it pains me alot. I wonder if i am the only one facing this experience or there are other people earning lower or higher facing this.

Could it be that my saving culture is poor? How do you solve this challenge or how are you coping with it.

Little above 50k

And you are expecting to have save

50k in this era is just for feeding one mouth

Midastorch:


You will be sleeping on the floor because you want to save? This your poverty mentality will be the end of you...When you eventually have the money, you'll use the money to treat rheumatism and other bone problems...RUBBISH

I did that rubbish few years back and almost died of pneumonia, I also trekked to and fro workplace without paying TP all because of savings, omo that year I resemble AIDS patient

MrCover:


Nairaland Forum Is Under Blogging Business.

There Is Money Inside This Blogging Business.

Nothing Good Come Easy, My Brother.

you've not answered my question

TechBIogger:
you've not answered my question

It needs money

TechBIogger:
I did that rubbish few years back and almost died of pneumonia, I also trekked to and fro workplace without paying TP all because of savings, omo that year I resemble AIDS patient

Just imagine brov and some people are hailing him that he will go far in life...to be financial discipline is very good..but fucking take good care of yourself especially the basic needs of life

Petoski7:
<strong>hello</strong>

You dey learn html?

buttlover:


npower beneficiary spotted

Lol.. Not npower

TeeGentle:
Try to save before it is too late
And learn to manage

too late how? Dem dey late for savings?

Piggy vest is your friend, this happens to me too, my friend just told me about this yesterday, I feel like crying ��

I don't even have any dime in me anymore

BItt:
I must say this year has been better and much brighter compared to the previous year. But one thing i have been worried about is my saving culture or is it that what i earn isn't high/sufficient enough to cater for bills like transportation, feeding, housing, electricity and other miscellaneous bills.

My salary is a little above 50k and before you know it, by the 3rd week of the month, everything would have finished. I cant say i am spending lavishly on anything because i an introvet. I hardly get to save anything at the end of the month and it pains me alot. I wonder if i am the only one facing this experience or there are other people earning lower or higher facing this.

Could it be that my saving culture is poor? How do you solve this challenge or how are you coping with it.

BItt:
I must say this year has been better and much brighter compared to the previous year. But one thing i have been worried about is my saving culture or is it that what i earn isn't high/sufficient enough to cater for bills like transportation, feeding, housing, electricity and other miscellaneous bills.

My salary is a little above 50k and before you know it, by the 3rd week of the month, everything would have finished. I cant say i am spending lavishly on anything because i an introvet. I hardly get to save anything at the end of the month and it pains me alot. I wonder if i am the only one facing this experience or there are other people earning lower or higher facing this.

Could it be that my saving culture is poor? How do you solve this challenge or how are you coping with it.

Bro, you are trying more than enough surviving on less than 100k a month. Kudos. Salary of 200k is not enough to cater for a family of two presently.

In the last eight years the Nigerian Naira has lost 65-70 percent of its value, so your 50k salary is like 15-20k in the real sense of reality. But that's not an excuse, try and have a specific amount to save and invest monthly....

Look for this book "The richest man in Babylon"~ by George S Clason.

DaddyGngeess:




God will bless soon, dm me and send ur account to me make I bless u small this weekend ok, na save waiting I go send to u oo, use and flex ok

God bless sir. Thanks for understanding my struggles

eedimo:

You will go far

Amen

BItt:
I must say this year has been better and much brighter compared to the previous year. But one thing i have been worried about is my saving culture or is it that what i earn isn't high/sufficient enough to cater for bills like transportation, feeding, housing, electricity and other miscellaneous bills.

My salary is a little above 50k and before you know it, by the 3rd week of the month, everything would have finished. I cant say i am spending lavishly on anything because i an introvet. I hardly get to save anything at the end of the month and it pains me alot. I wonder if i am the only one facing this experience or there are other people earning lower or higher facing this.

Could it be that my saving culture is poor? How do you solve this challenge or how are you coping with it.

I think the fault is from you. I spend #30,000 in a month . I stay alone and fuel the vehicle from same stated amount.

50k with no other side hustle won't get you anywhere in this present economy. Except you want to start treating complications from malnutrition and other things like bone pains, you surely need to add something to that 50k monthly. 50k will do for very basic feeding and maybe some transport but won't cover other things like utilities.