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Nairaland Forum / Nairaland / General / Jobs/Vacancies / How Not To Spend Your Salary! (29978 Views)
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How Not To Spend Your Salary! by LauraClasikVibe(f): 11:36am On Apr 19, 2021 |
HOW NOT TO SPEND YOUR SALARY! Earning money is difficult whereas spending money is easy. So, it is necessary to spend judiciously. I have seen that sometimes a richer person is unable to manage his expenses because of extravagance whereas a poorer person manages is expenses successfully. A person should spend in such a way that he can save some money for future. Some guidelines for spending judiciously is given below: Lessons 1. Don’t buy what you don’t need 2. Don’t borrow to buy wasting assets 3. Have a saving habit; it helps you in rainy day 4. Don’t try to impress anybody with your clothes or cars 5. Avoid friends who make you go into debt because you want to belong. 6. Have annual financial plans Lastly, salary is never enough. Put your money in assets that can yield returns. such as Money Mutual funds, T-Bills, Digital Assets etc 114 Likes 11 Shares |
Re: How Not To Spend Your Salary! by LauraClasikVibe(f): 2:20pm On Apr 19, 2021 |
Good afternoon 3 Likes |
Re: How Not To Spend Your Salary! by obembet(f): 3:57pm On Apr 21, 2021 |
M 1 Like 2 Shares |
Re: How Not To Spend Your Salary! by Sheuns(m): 3:57pm On Apr 21, 2021 |
Topic should be how not to finish spending your salary before the next one comes. 99 Likes 3 Shares |
Re: How Not To Spend Your Salary! by Nobody: 3:57pm On Apr 21, 2021 |
Good tips. However, the most important is STRIVE TO EARN MORE. No matter how hard you try to save, it is important to note that it takes just a single emergency to wipe off an entire savings... especially when you're saving in a valueless currency like the Naira. As such, salary earners and others should try as much as possible to create at least three sources of income (in a country like Nigeria). If possible, at least one of these sources should pay in hard currency. The OP made mention of this in the last paragraph. We will survive. 72 Likes 3 Shares |
Re: How Not To Spend Your Salary! by bigdammyj: 3:57pm On Apr 21, 2021 |
Noted |
Re: How Not To Spend Your Salary! by Elsanchez: 3:58pm On Apr 21, 2021 |
beer beer bank nko? 5 Likes |
Re: How Not To Spend Your Salary! by EmekaBlue(m): 3:58pm On Apr 21, 2021 |
Word Easy to say abi write but in reality your salary is even mostly spent before you collect it with pending issues to resolve awaiting it Your girlfriend/wife upkeep Your brother/sister in school Your relatives/friends who knows u earn salary Your Internet, Call card, dstv and other utilities Food in d house Transport upandan That person u owe to repay....The list goes on Maybe all these ontop 70k or some even less 74 Likes 3 Shares |
Re: How Not To Spend Your Salary! by seyicodes(m): 3:58pm On Apr 21, 2021 |
Please i still need a job ... i need a job please even if na driver i go do.. i get valid driver's license 3 years 4 Likes |
Re: How Not To Spend Your Salary! by Wonk(m): 3:58pm On Apr 21, 2021 |
Bullshit! What am I suppos'd to do with that piece man? I ain't got no job, I'm just a jobless ugly mothafucka! 4 Likes 4 Shares |
Re: How Not To Spend Your Salary! by kennethfranc(m): 3:58pm On Apr 21, 2021 |
While it is well to save/invest, it is very difficult for someone who is underpaid to invest. With the little exposure at work, I always imagine how possibly can a bachelor survive with 20k salary let alone a married man... The future needs to be male jaree 8 Likes |
Re: How Not To Spend Your Salary! by Riverville(m): 3:58pm On Apr 21, 2021 |
You nor serious |
Re: How Not To Spend Your Salary! by lilvicky68(m): 3:58pm On Apr 21, 2021 |
1..don't spend it at all be greedy to yourself.. 2..Eat once per day.. 3..delete and block calls from all family members.. 4..instead of paying house rent,live under the bridge. 5... Wake up early and trek to work everyday.. Since you don't want to spend it na 101 Likes 5 Shares |
Re: How Not To Spend Your Salary! by IMASTEX: 3:58pm On Apr 21, 2021 |
Cutting your budget to only accommodate your needs is good, but it isn't totally attainable due to the alarming cost of living. Instead, create more sources of income. 12 Likes 1 Share |
Re: How Not To Spend Your Salary! by gentle136(m): 3:59pm On Apr 21, 2021 |
Run away from women wen u collect salary 13 Likes 1 Share |
Re: How Not To Spend Your Salary! by PussyKing(m): 3:59pm On Apr 21, 2021 |
Can you explain more about this ??
1 Like |
Re: How Not To Spend Your Salary! by Mindlog: 3:59pm On Apr 21, 2021 |
For those who are even earning salary. 1 Like 1 Share |
Re: How Not To Spend Your Salary! by Gidah: 4:00pm On Apr 21, 2021 |
Interesting but some of this can't be applied in Naija where your money no fit reach u chop before next payday 11 Likes 1 Share |
Re: How Not To Spend Your Salary! by xxxXXXxxx: 4:00pm On Apr 21, 2021 |
Financial enlightenment is valuable. 4 Likes |
Re: How Not To Spend Your Salary! by PussyKing(m): 4:00pm On Apr 21, 2021 |
gentle136: And show back after you have judiciously used the money 10 Likes |
Re: How Not To Spend Your Salary! by MorataFC: 4:00pm On Apr 21, 2021 |
Op, theory is easy to analyze but what about practical? In theory Fulham can beat Liverpool, man city, Chelsea barca bayern etc but let dem get to the field all their tactics will be forgotten 10 Likes |
Re: How Not To Spend Your Salary! by dodoro(m): 4:00pm On Apr 21, 2021 |
Trash |
Re: How Not To Spend Your Salary! by MorataFC: 4:00pm On Apr 21, 2021 |
RedDesQ: |
Re: How Not To Spend Your Salary! by silifat11(m): 4:01pm On Apr 21, 2021 |
No amount of salary is enough if you don't have alternative source of income 7 Likes |
Re: How Not To Spend Your Salary! by pillarmaria(m): 4:01pm On Apr 21, 2021 |
Simple and straight... Thanks |
Re: How Not To Spend Your Salary! by praiseneo(m): 4:01pm On Apr 21, 2021 |
It doesn’t work in Nigeria. Thank you!! 1 Like |
Re: How Not To Spend Your Salary! by Thegoodtravels: 4:02pm On Apr 21, 2021 |
Well said. |
Re: How Not To Spend Your Salary! by meobizy(f): 4:02pm On Apr 21, 2021 |
Invest if you see a possibility. Of recent banks make it unattractive to run fixed deposits, so I'm stuck in a rut. Buying shares is also difficult as every broke idiot automatically becomes an expert when I discuss the idea. 4 Likes |
Re: How Not To Spend Your Salary! by geesilver(m): 4:02pm On Apr 21, 2021 |
you forgot that most people salary is not enough to cover their recurrent monthly expenditure like transportation, feeding, domestic bills especially this one that NEPA bill is even more than minimum wage.... how do you cope with that..... 3 Likes |
Re: How Not To Spend Your Salary! by ictjobber: 4:03pm On Apr 21, 2021 |
Life na one... No go kill yourself because you dey save money 7 Likes |
Re: How Not To Spend Your Salary! by ZendayaColeman(f): 4:03pm On Apr 21, 2021 |
Story for the gods. Earning in Nigerian Naira na modern day slavery..... 1 Like |
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