There is no gainsaying that the current economic situation in Nigeria has forced many individuals and families to think of ways to cut costs, save money and what to do to earn more. As we all know, inflation is on the rise but income is in coma. However, saving money doesn’t have to be a difficult task. Here are six effective ways you can adapt in these hard times.

1. Cook and Eat at Home
This is very essential because it is most certainly one of the compulsory daily engagements you must have. Eating out can be tempting and convenient, but it can also be very costly. Cooking and eating at home not only saves money but also provides an opportunity to eat healthier. Cooking at home allows you to control the ingredients and portions you consume.

2. Use Public Transportation and Plan your Movements
Sentiments set aside, owning and maintaining a car particularly at a time like this, can be very expensive, but using public transportation can save a lot of money. Public transportation, though it comes with so much hassles, is not only cost-effective but also good for the environment. Carpooling or cycling can also save money while providing a good exercise routine.
Another important thing you should do is to plan your movements. Basically, this is not about avoiding to go to some places but more about synergising your movements. You don't want to find yourself in a situation where instead of stopping at the market on your way from office, you had to get home and then return again to the market. That is not smart. This is the time to have a plan book where you can itemize your to-do list.

3. Buy Smartly
Purchasing groceries in bulk, comparing prices, and taking advantage of sales and discounts can result in significant savings.
Shopping at local markets instead of supermarkets can also save money on groceries. Make a grocery list and stick to it to prevent impulsive buying.
For instance, do you know that there are very cheap and more voluminous data subscriptions that can save you money? Data is life and no doubt, many of us now spend a chunk of our income on data subscriptions. A smart buy would be to go for the more voluminous data plans at cheaper rates.

4. Cancel Unnecessary Subscriptions
Subscriptions for streaming services, magazines or other monthly services can add up quickly and become a significant expense. Take a closer look at your subscriptions and cancel any that you don't use or need. You should consider sharing subscriptions with friends or family to split the cost.

5. Repair Instead of Replacing
When something breaks, it's often tempting to replace it with something new. However, repairing items instead of replacing them can save a lot of money in the long run. Learn basic repair skills or take broken items to a repair shop instead of immediately buying new ones.
Recently, I was able to overhaul all my old shoes simply by taking them to a competent shoemaker to remake them with new leathers. Guess what, it only cost to fix three shoes the same amount it would cost me to buy just a single shoe. This is a time to get creative.

6. Negotiate Bills and Contracts
Negotiating bills and contracts can result in significant savings. I know some of us could be so tender-hearted when it comes to haggling but hey, this is not a time to turn father Christmas. Always do an on-the-spot analysis of value derived from any product or service you are billed for and negotiate accordingly.
Don't be surprised, many traders and service providers just indiscriminately adjust prices on hearsays. And without any thorough analysis, they wrongly inflate prices against the actual value being given. The truth is this, they are business men whose goal is to make profit. You are the one that needs to be smart by negotiating every bill in fairness to the value you are getting.

By implementing these six ways to cut costs in hard times in Nigeria, individuals and families can further reduce expenses and improve their financial situation. It takes some effort and discipline but cutting costs is an effective way to save money during tough economic times.

Will it ever get better?

Following the FTC Person Back-to-back

izuch:
Will it ever get better?

Since 1980s..



We had been hearing E GO BETTER.!!




.

Since I was wise after coming into this world all I hear is Nigeria go better. 55years after, nothing has changed, it even got worse.

Buhari supervised the destruction of the economy now Tinubu would put a nail to the coffin. As dog no dey eat dog, Tinubu won't make Buhari and his gang of thieves vomit our yam after all nah Buhari conjure am for there.

Noted

Let me save you coat by developing your backend Solution, website and mobile applications for you.

Avoid unnecessary spending

You don't understand shishi no dey.

These "hard times" must favour me and my family.
We must continue to enjoy our lives, regardless of the situation.

Trek more (it’s exercise & it’s good for the body)

Lapping inside the bus to cut cost😊

Cancel unnecessary subscription. Eg. DSTV.

So I should be negotiating because of N200 differences on groceries ?

Who N200 help

... Thunder will fire the APC mod that keeps banning me for posting this picture🖕🏾...

It doesn't get better

Trek if you have to

So Nairaland actually admits that we're in hard times? I thought they're covering for bulaba?

Attendance: Present ✔️
Lol! Na this kind time you go know say no big man again!...
Sometimes I honestly wonder how we survive in this country. Seriously speaking, e be like say e get one special grace wey God dey give us to take sustain for naija.
Suffer no pass like this for bible b4 those women begin kill each other children chop to survive ooo

Grow as much food as you can in your home, especially cassava and vegetables. Keeping livestock is a good alternative too especially those that fend for themselves.

BluntCrazeMan:
Following the FTC Person Back-to-back

"E go only better" for those whe hear am, Believe am and work according to the demands of that talk. E better for many people na

BluntCrazeMan:






Since 1980s..



We had been hearing E GO BETTER.!!




.

So e no go ever better be that?

6 WAYS WE CAN ACTUALLY ENJOY THE RICH NATURAL RESOURCES GOD BLESSED US WITH IN THIS COUNTRY.

How about that?

or Nigerians came to spend their whole lifetime in management and downward adjustments.

001Lagos:
So I should be negotiating because of N200 differences on groceries ?

Who N200 help

Help me with N200 boss

Vipro:
Help me with N200 boss

you call person Boss on top 200. Your matter need first aid oh.

Wish two people can share dstv sub , that’s the only thing that keeps me at home. I know subscribing to Netflix and using data to watch isn’t any cheaper .

I have reduced the amount of meat I cook with,
I have reduced my movements with car to avoid buying fuel always.
I have been saying no to unnecessary billing.
My data still remains 5k for 40GB airtel.
Also curtailed unnecessary outing for beer and meat and unnecessary dates with ladies. If you no Dey come house , or take a walk with me in the park, forget it.

Times are hard no doubts.

Ate247:
Cancel unnecessary subscription. Eg. DSTV.

And gotv ....I cancelled mine 5months ago,
I prefer downloading movies at the office and watching on my tv at home than subscribing to repeat movies

BluntCrazeMan:






Since 1980s..



We had been hearing E GO BETTER.!!




.

I still remember, even as a small boy then,austerity measure!

If u are single (male)

Avoid sit outs or after parties

For now, anybody wan see u, come to ur house and have some smoothies

Stay at home

Avoid impulsive buying.