remsonik:

OK clap your hands, spend wisely. He's thinking of building, buying land, car and properties, investing in business, giving children quality education yet if you don't manage your expenses you won't achieve anything.
Earn 300k and don't save anything out of it even the one who earns 150k will achieve more than you

masinga07:
How many families even have that 300k monthly.

Hamachi:
He should use condom and stop all these ranting

fabiano09:
70% of Nigerian families don’t even see 100k per month , don’t listen to clowns on Nairaland

fabiano09:
70% of Nigerian families don’t even see 100k per month , don’t listen to clowns on Nairaland

Playmaaker14:
Except that person is living above his means.

The present economy challenges shouldn't be used as an excuse to live above one's means.

Cut your coat according to your cloth.

Rayban25:


You dey mind them..and theyll just come and be yapping...one said it's enough for a family of 5 children..

Hamachi:
How did you arrive at 70%? Have you been to all families pocket in Nigeria yo arrive at that?

lavylilly:
No make I swear for you, Everytime the bolded, when person go enjoy the life, you had better stop existing and start living.

fabiano09:

I live in Lagos , I know many families who struggle to pay levies of just 2k , you think they have 100k ? You need to see how people struggle to feed

remsonik:
Yes it's OK, if they manage their spending wisely. On your Gen only at night for 2-3 hours. Refill Gas in two months and get an electric cooker to use when there's light.QMonitor amounts spent on outings, eateries and orders.
Use gotv instead of dstv or buy a lower cost plan for anyone you have.
Put off your data and use data when needed only that will reduce the data bundle you buy monthly.

Rayban25:
When you say spend whose money are you talking about? Her money or her husbands own?

Skyview01:
No. Not enough except you have your own house. 4 pickin no be yam and beans.

yemmit90:


I think those things you listed don't take much money compare to School fees and other children needs? Those little ones spend about 70% of total expenses in the family.

dobnina:

That 300k monthly is enough for a family of 5 if the wife is not a wasteful spender.

Hamachi:

A family of 4
School fee two kids 65k per kid =130k
House rent monthly 10k=120k
Nepa post paid max 5k
DStv depending on the package
Filling gas 5k
Lawma 1500
Bag of Rice 35k
Fuel on a daily 3k =22k plus charges
Miscellaneous expenses 10k

remsonik:

Yes you're right, my sister's family spends 1m plus on their 3 kids schooling. Some are even spending up to 10m plus for older kids in private universities in Nigeria ......

Gloriagee:
Apparently, only women can be wasteful spenders. There are no men who spend their hard earned resources on bet 9ja,
side chics and other money gulping addictions. Wehdone

lavylilly:
1m for 3kids

ItisWell22:


Check Abuja and Lagos. 😊

My nephew’s fee per annum is about 1.8M…

kuse2:
Hmnn.. I currently cater for a total of 8 people - 4 adults and 4 children and to be honest, we don't spend upto 300k monthly as living expenses.

Our strategy is to buy things in bulk rather than piecemeal.. For instance we bought groceries of almost 200K in January which is expected to last a few months.

We also buy meats in bulk.. Like 2 laps of cow.. Cartons of fish and all.. Basically, anything that can be bought in bulk, we buy.

What pushes most families into financial mess is mostly education for kids.. We simply put our kids in good schools that we can comfortably afford.

Lastly, myself and wife drive corolla which helps to reduce fuel cost.

So, be grateful for that 300k job.. Several families I know live with less than 100k monthly.

✌️

kuse2:
Hmnn.. I currently cater for a total of 8 people - 4 adults and 4 children and to be honest, we don't spend upto 300k monthly as living expenses.

Our strategy is to buy things in bulk rather than piecemeal.. For instance we bought groceries of almost 200K in January which is expected to last a few months.

We also buy meats in bulk.. Like 2 laps of cow.. Cartons of fish and all.. Basically, anything that can be bought in bulk, we buy.

What pushes most families into financial mess is mostly education for kids.. We simply put our kids in good schools that we can comfortably afford.

Lastly, myself and wife drive corolla which helps to reduce fuel cost.

So, be grateful for that 300k job.. Several families I know live with less than 100k monthly.

✌️