Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. - Family - Nairaland
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| Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Essenza01: 6:12pm On May 31, 2023 |
I really don't know anymore, i just did my budget for the month and i am scared, i have cut from everywhere possible and i fear for my self.. i dont have a GF, Wife, Children.. my salary is N400,000 and i have added side businesses and one or two's to even survive.. but with this fuel increase, what else is left... zero savings.. - Rent - N108,333/mth (1,300,000/12) - Fuel for car - N180,000 (36k for 5-6days) - Auto maintenance - N30,000/mth (service/repair) - Fuel for generator - N50,000/mth (20ltr/wk) - Feeding - N62,000 - (N2,000/day) - Health miscellenous - N5,000/mth - Dstv - N4,500/mth - Data - N7,000/mth - Recharge card - N3,000/mth - Dry cleaner - N4,000/mth (Starch/iron) - Hygiene maintenance - N10,000 (body spray/perfume, roll on, soap, cream) etc.. - Gift to people - N10,000/mth - Family House contribution - N20,000/mth - Eko electric - N10,000/mth - repairs and maintenance - N12,000/mth - Clothing, footwear etc - N10,000/mth - Outings, restaurant, sit outs and provisions - N30,000/mth Total = N556,500... My rent is average rent for where i stay, its a two bed flat, i use the other room for home office.. Feeding is N2,000/day.. its not anything out of the ordinary.. tried cooking and spent more with time wasting. Fuel for car is at the new rate of N500/ltr, my car is a 70ltr car tank.. Auto maintenance is basic brake pads, shocks, service 2mths, tire guage, police pr, tire purchase if any, minor touch ups etc... nothing major. Fuel for generator is 20ltr/day (2hrs or less daily) I need help.... how are you people doing it, what am i doing wrong? The rat race is killing me.. 78 Likes 10 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Klass99(f): 6:18pm On May 31, 2023 |
256 Likes 12 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by boldx(m): 6:19pm On May 31, 2023 |
How can you be living in an accomodation of N1.3 million per annum with 400k monthly salary. That is way too much. 524 Likes 30 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Essenza01: 6:21pm On May 31, 2023 |
Klass99: Just regular hangout, chills, cinema, beach etc, activities to make you not loose your social life... this is just N7,500/week for networking The clothing and footwear is equivalent to 120k/annum.. buying monthly helps the older ones last more.. House-hold ooo.. plumber, electrical, bulbs, gas, changeover damages, tap, cleaning gears etc... The feeding, i have to even hide to eat N1,000/plate, i have even switched to egg and left the N1000 cowleg.. 57 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Essenza01: 6:22pm On May 31, 2023 |
boldx: Its not even the best of apartments, its just a regular place in Ajah axis... i still have to wake up 5am to run out... 63 Likes 6 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by FalseProphet1(m): 6:23pm On May 31, 2023 |
What of tithe. Why is tithe not on your budget? How can you not be paying tithes. Don't you know that your pastor has families to feed. You're lucky you're not my member, I would have called down fire on you. This is wickedness. Tueh!  290 Likes 24 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Nazgul: 6:24pm On May 31, 2023 |
Essenza01:Kindly redo that budget. Essenza01:1.3m for a 2bedroom apartment on a salary of 400k per month is on the high side. You need to work on your rent. Get an agent on the mainland. I'm sure he'll you'll get decent 2bedroom flats (or one bedroom flat) which would definitely be way cheaper than your current place. Essenza01:From your post, you work from home. So why would you need to use the car for 5-6 days. If you're using a 4 cylinder engine and you fill your tank, it should last you for up to 2 weeks (or more) provided you're not a Waka Waka person. Essenza01:If you work from home, I'll suggest you get a laptop with very strong battery, that way you can still remain online for hours after power outage. Also, get a rechargeable standing fan. The one I bought lasts up to 7hours when fully charged. This would help you at night so you can preserve your fuel and won't have to put on the gen if the weather gets hot. That way your gen would only be put on when you want to work and have low battery. With the new fuel price, one has to adjust in order to survive. Essenza01:If you like cooking, I'll advise you to stock your kitchen with provisions. Yam, rice, beans, noodles, beverages...etc. The cost of procuring these stuffs would be high no doubt, but for the next few months, you won't have to buy anything. Meaning you'll have lots of money to save. Essenza01:Close eye and get a washing machine. So that this 4k per month can be channeled to something else. Essenza01:Gift to people kwa, for this renewed shege era. Biko strike that away from your budget. Essenza01:You put auto maintenance at 30k, health 5k and hygiene 10k. Which other repairs and maintenance is this one again? Essenza01:After budgeting 62k for feeding for the month, which one is outings and sit outs again? Essenza01:How can your budget be more than your income? 🙄 Essenza01:You'll have to cut your coat according to the cloth. You can skip breakfast, eat a light lunch and have swallow for dinner. Everything shouldn't be more than 1k. Meaning you'll be saving 1k. That's something if you ask me. Essenza01:Unless your car is Nigerian used, running these checks and changes every month isn't necessary and a complete waste of money. I changed my break pad September last year and this is May, I'm still using it. Same with shock, Tyre...etc. As long as you bought a decent car, it won't be swallowing up your money every now and then. Essenza01: If you're using your gen for 2hours or less per day, 20 liters should last you more than a month. Most especially if you're in an area where power supply is decent. Essenza01:It's simple, wear clothes you can afford, eat foods you can afford, date people within your range, don't go broke and in debt trying to impress anyone...Live within your means. 257 Likes 22 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Klass99(f): 6:26pm On May 31, 2023 |
48 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by LikeAking: 6:28pm On May 31, 2023 |
FalseProphet1: This guy! 43 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Essenza01: 6:30pm On May 31, 2023 |
FalseProphet1: Ahh.. i cant give N40,000 oooo.. it is inside the N10,000 gift monthly. 29 Likes 4 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by LikeAking: 6:30pm On May 31, 2023 |
Essenza01: Oga you are doing fine. 400k in Nigeria is not much, value wise.. Value wise 400k is almost like may be 150k, ten years ago. 48 Likes 4 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by fyzaila: 6:37pm On May 31, 2023 |
Wait after 10k/month for electricity supply, you still have to spend 50k/month ontop fuel for generator? Is the power supply that bad over there? If your office is in your house then where and where are you going that you have to spend a whole 180k for car fuel? And those repair/maintenance and clothing fee you allocated is not necessary. Just busy spending people's monthly salary on this your budget. 59 Likes 3 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Soccrates: 6:49pm On May 31, 2023 |
So you want to use style to pepper our brothers who earn minimum wage of 30k and those searching for non existent jobs. Continue. 111 Likes 8 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Essenza01: 6:49pm On May 31, 2023 |
fyzaila: The salary is 400k, the total budget is 556k, the homeoffice is what provides the extra... 10k electricity is a whole month light oo... my neighbour does 15k sef, had to ask because i thought i was being cheated.. the 50k is for 2hrs or less light...20ltrs/week..(3ltrs/day).. the car fuel is based on the new price.. fill up cost 36k/5-6days for 9-5 work to earn the 400k/mth.. Where am i getting it wrong ? 7 Likes 1 Share |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Essenza01: 6:52pm On May 31, 2023 |
Soccrates: I no pepper anybody... na cry i de cry like this.. i live like a pauper on this salary and business.. 12 Likes 1 Share |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Mindlog: 6:54pm On May 31, 2023 |
N1.3m as rent on a monthly income of N400k?  34 Likes |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Natbrowny: 7:02pm On May 31, 2023 |
DStv 4500 monthly ontop wetin u dey watch. U r the busy type I know..so wetin wife n kids dey watch ontop their own busy schedules too. Watch each channel for 5minutes per day?? Bro. Dis ur list is ok. But since its not making sense no more. Remove or reduce some things Dont hang out for one month and ur hangout crew real colors go show 22 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Natbrowny: 7:07pm On May 31, 2023 |
Mindlog: Dnt push blames yet. Na Lagos o. Anything housing no dey make sense calculation wise. Normal things are overpriced due to overpopulation and highest bidder bullshits 14 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by OloYeOfEgbE: 7:11pm On May 31, 2023 |
Rent - N108,333/mth (1,300,000/12) - Fuel for car - N180,000 (36k for 5-6days) - Auto maintenance - N30,000/mth (service/repair) - Fuel for generator - N50,000/mth (20ltr/wk) - Feeding - N62,000 - (N2,000/day) - Health miscellenous - N5,000/mth - Dstv - N4,500/mth - Data - N7,000/mth - Recharge card - N3,000/mth - Dry cleaner - N4,000/mth (Starch/iron) - Hygiene maintenance - N10,000 (body spray/perfume, roll on, soap, cream) etc.. - Gift to people - N10,000/mth - Family House contribution - N20,000/mth - Eko electric - N10,000/mth - repairs and maintenance - N12,000/mth - Clothing, footwear etc - N10,000/mth - Outings, restaurant, sit outs and provisions - N30,000/mth JOKER OF THE MONTH 70 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by DonBenny77(m): 7:20pm On May 31, 2023 |
FalseProphet1:Wee you keep quiet Pastor no go school? 9 Likes 1 Share |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Flora2Sweet: 7:35pm On May 31, 2023 |
You no well ... you still get time to sit out and buy gifts... 3 Likes |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Mindlog: 7:37pm On May 31, 2023 |
Natbrowny: I was born and raised in Lagos, my family owns rental buildings and I have good idea of renting in Lagos. There are many moderate neighbourhoods within the mainland he can get a cool 2 bedroom apartment for N700k. A bachelor earning N400k monthly, paying for a N1.3m apartment makes no economic sense and if he was a relative of mine, I would ask him who is he wasting money to impress? 99 Likes 10 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Starz825(m): 8:12pm On May 31, 2023 |
Klass99: In my head .. reading your comment ..you sound like my Gf ... She dey always wan know everything..... 12 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Stevenbright(m): 8:25pm On May 31, 2023 |
Essenza01: There are areas you can adjust like Klass99 has pointed out. But the area I will point out that will save you a lot in the long run is fuel for powering your generator. 50K per month is 600K per year. add 200-400K to that and get Solar installed for you that will power most or all your gadgets and that 50K monthly will be gone for good for some decades at least 15 years. 29 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by kkins25(m): 8:32pm On May 31, 2023 |
Essenza01:You are the one doing yourself sha. 8 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Essenza01: 8:44pm On May 31, 2023 |
Stevenbright: I actually got a quote.. the guy said 700k.. 2battries..said i would have to change batteries 1yr and 8mth or max 2years.... its almost same with the current fuel and i get to power my fridge, printers and other appliances . 15 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Stevenbright(m): 9:01pm On May 31, 2023 |
Essenza01: Get a quote from another installer with focus on the battery issue. That is definitely not true. He would have used poor quality battery and turn you into a perpetual costumer for battery purchase/maintenance 24 Likes 2 Shares |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by 22o62021: 9:02pm On May 31, 2023 |
That feeding money is too small I spend an average of 3k feeding per day and no be say na better food o I de try be that 40 Likes |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by Michelle55: 9:12pm On May 31, 2023 |
Essenza01:I have someone who is an installer and the quote he gave me isn't close to what you have up there, I would be running mine next week. Get another installer to give you a different price and compare, I also work from home but your expenses is a whole lot oh.🤔 9 Likes |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by njelrapheal: 9:25pm On May 31, 2023 |
Essenza01:There are so many things that are off here. First off. Are you an uber driver? 11 Likes |
| Re: Help Me With Budgeting.... My 400k Salary No Longer Takes Me Home. by ghettochild(m): 9:36pm On May 31, 2023 |
Reduce outings n sit out.. Reduced the number of days u on generator..buy a power station instead... Someone sells here on nairaland... Whilst u driving to work.. carry passenger going ur way.. That money will help You wife shd wash ur clothes or better still do it yourself.. save 4k 12 Likes |
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