₦airaland Forum

harjay1986:
I reside in Ogun state, two bedroom flat 200k per year, no agent fees, which I save 20k per month for, every time we get paid, my wife will buy basket of peppers and tomatoes from farmers at cheap prices, then we grind it and place it inside freezer, from our compound we raise turkeys and chickens that serves as protein only spend 20k for their feeding per month, as buying Gari and Beans in local Market which come with low price sometime I do make garri from scratch at home .... alot just to reduce expenses

Someone mentioned DSTV ... a have a free to air decoder at home, that air cartoon and some other interesting stuff so no monthly subscription except for data which I do 20gb for a month around 5k, I share this with my wife and because at work I do have free wifi with no restriction

On transportation to work i spend 1k per day that is 20k for a month

Nice one bro.
U r really living within your means.
I tap from your knowledge.

femi4:
It doesn't make sense , you are spending heavily on accommodation

N450k per annum on accommodation is 'heavily?

yemre:
Even if you have 2 kids and a wife and you earn 650k in this economy. If you can not save a minimum of 2m in one year. Then, there's something wrong somewhere! You need to sit down and really search yourself.

The state of things in Nigeria nowadays is enough to learn how to manage resources.

One guy up there already said it all. If you have kids, recharge DStv only on holidays. You see this family outing stuff, make it only once a month and minimize your spending on such occasions.

If you have a car and you work on the island for instance, park your car and take public transport (if staff bus is not available).

Stock your home with foodstuffs monthly and eat from home, at least your dinner (That's if your wife can not prepare your food before you leave home in the morning), that reduces your food expenses.

Your rent must be something you can afford, and not something to show off. With 650k monthly, I don't expect you to live in a house which rent is more than 400k annually (that is if you don't want to forever make money for your landlord. Remember he will always come at about three year interval for rent increase!

Be wise guy, this is Lagos!!!

Peace!

... the thing be say savings no be my thing, I prefer If I carry money, I dey buy things dey keep.. foodstuffs dey but time no dey to dey cook am..

advanceDNA:
Just cut ur expense....500k is not small money in naija ....just that our leaders are heartless making some expense too high

No generator every night ...u won't die

If u have kids....DStv subscriptions should be during holidays....they wont die.....

If u have a car that u use daily to work that takes as little as 10litres per day ....that's roughly 10-11k per day and 220k per month minus Saturday and Sunday outing and servicing cost....Use public transport ..u won't die...

Buy satchet water instead of bottle...or check if ur tap water is drinkable...a friend told me he started taking his tap water when he calculated and found his cost on water was 80k month...

I've potted to tap water since with my family.....

Jega2000:
... single I never even plan to marry self

If you are single, then you are safe. The salary can reach you if you manage well. You can even save more than 150k if you arrange yourself well.

If you are married, forget it. E no go reach.

harjay1986:
I reside in Ogun state, two bedroom flat 200k per year, no agent fees, which I save 20k per month for, every time we get paid, my wife will buy basket of peppers and tomatoes from farmers at cheap prices, then we grind it and place it inside freezer, from our compound we raise turkeys and chickens that serves as protein only spend 20k for their feeding per month, as buying Gari and Beans in local Market which come with low price sometime I do make garri from scratch at home .... alot just to reduce expenses

Someone mentioned DSTV ... a have a free to air decoder at home, that air cartoon and some other interesting stuff so no monthly subscription except for data which I do 20gb for a month around 5k, I share this with my wife and because at work I do have free wifi with no restriction...

On transportation to work i spend 1k per day that is 20k for a month

... I like your modest living, 2 bedroom flat 200k? Omo house rent for my side dey very high oo...

bukatyne:
N450k per annum on accommodation is 'heavily?

What 450? You know what it takes to run two homes monthly

yemre:
Even if you have 2 kids and a wife and you earn 650k in this economy. If you can not save a minimum of 2m in one year. Then, there's something wrong somewhere! You need to sit down and really search yourself.

The state of things in Nigeria nowadays is enough to learn how to manage resources.

One guy up there already said it all. If you have kids, recharge DStv only on holidays. You see this family outing stuff, make it only once a month and minimize your spending on such occasions.

If you have a car and you work on the island for instance, park your car and take public transport (if staff bus is not available).

Stock your home with foodstuffs monthly and eat from home, at least your dinner (That's if your wife can not prepare your food before you leave home in the morning), that reduces your food expenses.

Your rent must be something you can afford, and not something to show off. With 650k monthly, I don't expect you to live in a house which rent is more than 400k annually (that is if you don't want to forever make money for your landlord. Remember he will always come at about three year interval for rent increase!

Be wise guy, this is Lagos!!!

Peace!

N400k annual rent in Lagos?

It is well.

Difrent:
Abegiii

All these bourgeois that full nairaland sef

More than 80% working class folks don't earn near that amount and they are surviving and even had a swell Christmas, all this online noise was debunked by the sheer size of Christmas celebrations

Nigeria , like most countries of the world are going through a rough patch, don't make it look like everyone in every other country is a fking billionaire, hell theres tons of homeless people all over the streets of America ......or are you one of those who prefer to sleep on American streets than cry in VI?

And you think the 'swell Christmas' was sponsored by the people earning lower than the OP?

Didn't the poultry association cry out this January that they made losses because people didn't buy life chickens?

Or what is your definition of a 'swell Christmas'?

In today's Nigeria, the OP's salary is not much

Czsamanie:
So, in your own Lagos you'll see a house of 400k PA?

and the living condition of that kinda place will be okay? or commutable to the kinda place that pays 650K?

The way some of you talk, I wonder if you've ever stepped on Lagos soil..

For single man or woman paying less than #400k a year on rent it is okay but for couples it is not okay only if both husband and wife are living n their parents house

advanceDNA:
Just cut ur expense....500k is not small money in naija ....just that our leaders are heartless making some expense too high

No generator every night ...u won't die

If u have kids....DStv subscriptions should be during holidays....they wont die.....

If u have a car that u use daily to work that takes as little as 10litres per day ....that's roughly 10-11k per day and 220k per month minus Saturday and Sunday outing and servicing cost....Use public transport ..u won't die...

Buy satchet water instead of bottle...or check if ur tap water is drinkable...a friend told me he started taking his tap water when he calculated and found his cost on water was 80k month...

Oga all this one na story na still poverty go soak you #650 na chicken change for this economy only if u are sharing responsibilities among three people

djon78:
.


The tragedy is that many people don't know how to manage money

Which is the number one reason of poverty

If people can manage there money well
They can wipe away poverty from there linage
Also teaching there children to learn proper management of money as they grow
It's not the amount of money that a person earn that's important
But what really matters
How much was retained, saved, invested that matters

Very very true Sir...

Blackdisciple:
Ehh na you wan dey stay for lekki na ...
Na you wan dey eat 10k pizza every night and ice cream.
Na you wan dey carry babe go shopping every month end.
Na you wan dey give babe monthly allowee na.
Na wan dey wear shoes of 200k, clothes of 100k each.
Na you wan dey wear watches of 100k each.
Na you wan dey use iPhone of 1.5m

Bro I dey see that your money every month as a guy wey I be I will leave comfortably in a room and palour self, where I will be paying at least 600-750
I will still have saving to account for at the end of the year, meanwhile housing project is ongoing in a location of my choice and I can also establish a good business as well and if it requires me to go to shop after work in the evening I will just to help who ever that is handling the business and if you are a married man, well the married folks here will help you will some ideas .

But I bet you will that amount I will leave comfortably walai

@Bold:

Even if he wanted to, he can't live that lifestyle with N650k in the Nigeria of today.

Anyone living like that and tells you he is earning N650k, run before he uses you to complete the next sacrifice.

VTJN:
less than 2% of Nigerians earn that amount

That still does not change the fact that those who earn it are now well within the poverty bracket in that same Nigeria that we speak of, thanks to the shenanigans of its government.

Saviola86:
I am a single guy and I make approximately the amount he quoted

I do not party
I am not fashionable
I do not womanize
I only goto work and come back
Send my mom her weekly upkeep and assist my fiancée

Yet I struggle to have a reasonable savings by end of the year

So what will you say about that?

It is either a lot of people don't fend for themselves, they live in very remote areas or they are skilled at exploiting others to fund their lifestyle.

Because what I am reading on this thread is unbelievable!

In today's Nigeria.

clefstone:
I don't think this is possible. Like how do you do it?

tell him to share picture of his family either the wife is malnorished or the children are emanciated... Who is he deceiving

diamond68:
very apt 😆

I need to enter Bauchi

A N650k job will be like a needle in a haystack though

Extra good luck finding it.

NexLoaded:
You probably want to mock us

Why do you think the OP wants to mock you/ low income earners?

harjay1986:
I reside in Ogun state, two bedroom flat 200k per year, no agent fees, which I save 20k per month for, every time we get paid, my wife will buy basket of peppers and tomatoes from farmers at cheap prices, then we grind it and place it inside freezer, from our compound we raise turkeys and chickens that serves as protein only spend 20k for their feeding per month, as buying Gari and Beans in local Market which come with low price sometime I do make garri from scratch at home .... alot just to reduce expenses

Someone mentioned DSTV ... a have a free to air decoder at home, that air cartoon and some other interesting stuff so no monthly subscription except for data which I do 20gb for a month around 5k, I share this with my wife and because at work I do have free wifi with no restriction

On transportation to work i spend 1k per day that is 20k for a month

How many chickens and turkey and what do they eat for N20k per month?

sprints1:
For single man or woman paying less than #400k a year on rent it is okay but for couples it is not okay only if both husband and wife are living n their parents house

Unlesss you built the house yourself, expect your rent to be raised this year. With the tax regime to go into effect soon, you are all in for more shege in Nigeria and this no be curse.

#20,000 in 2015 is #160k right now in 2025 so who are u deceiving #650k is an average salary and not a good income just a stepping stone.

Kobojunkie:
Unlesss you built the house yourself, expect your rent to be raised this year. With the tax regime to go in effect soon, you are all in for more shege in Nigeria and this no be curse.

you are right bro. This Tinubu regime na die. I just dey laugh when people dey talk say #650k na good income money wey no r3ach $500 how is that a good imcome in this inflation period. You can't build house with it, can't upgrade your wardrobe if you do you will suffer to buy food stuffs

bukatyne:


A N650k job will be like a needle in a haystack though

Extra good luck finding it.

oh not in Bauchi looking for work now hun but imagine a remote job earning some dollars of say 700k a month, it’s like 400 dollars a month and then living in Bauchi ? Now would that not be the ultimate life ? 😆

sprints1:
Oga all this one na story na still poverty go soak you #650 na chicken change for this economy only if u are sharing responsibilities among three people

Before u see person to responsibilities with...u no go manage urself??

bukatyne:
How many chickens and turkey and what do they eat for N20k per month?

as today I still have like 7 local turkey on free range and Noiler like 8 , so I feed them once in a day with finisher.. a bag is around 21 to 22k

demoBaba:
I've potted to tap water since with my family.....

Lol....when u start to view these cost per year u will realize u have been drinking two years rent because u want to take bottle water

You will see a lot of people giving you wrong advice here that it is a small income . Yet a lot of these people are online millionaires o... I'm real life, most of them are nothing to write home about.

Guy, if you are earning 500k just know that you are better than many many millions of people in Nigeria. No income is really enough... Find ways to add more... But then you didn't tell us your circumstances... Are you single or married? Are you sponsoring yourself or your siblings in further education? Do you actively cater for your parents? What other burdens are you bearing?

advanceDNA:
Just cut ur expense....500k is not small money in naija ....just that our leaders are heartless making some expense too high

No generator every night ...u won't die

If u have kids....DStv subscriptions should be during holidays....they wont die.....

If u have a car that u use daily to work that takes as little as 10litres per day ....that's roughly 10-11k per day and 220k per month minus Saturday and Sunday outing and servicing cost....Use public transport ..u won't die...

Buy satchet water instead of bottle...or check if ur tap water is drinkable...a friend told me he started taking his tap water when he calculated and found his cost on water was 80k month...

True

abba190b:
thunder fire u there bloody liar u be thief saying 700k is not enough for u. I am looking for 100k monthly

too much lies in the internet

Segzy19:
➜You will see a lot of people giving you wrong advice here that it is a small income . Yet a lot of these people are online millionaires o... I'm real life, most of them are nothing to write home about.
Guy, if you are earning 500k just know that you are better than many many millions of people in Nigeria. No income is really enough... Find ways to add more... But then you didn't tell us your circumstances... Are you single or married? Are you sponsoring yourself or your siblings in further education? Do you actively cater for your parents? What other burdens are you bearing?

Saying he is better than millions of Nigerians means absolutely nothing. I would think many of you would have realized that at this point. If he is unable to chart a way towards his dreams with what he makes, it does not matter whether he earns more than 140 million Nigerians because he still can't meet his own goals with what he makes.

Stop with this disgusting tradition/religion of gauging your progress by considering the fate or plight of those less fortunate. It is a seriously disturbing behavior bothering on a mental problem too.

dreamxhaser:
Mr man! Don’t say what you don’t know

Do you know what lifestyle means?

You want to do “lifestyle” on 500k lol.

Didn’t you funny at yourself after you posted this.

N500k a month, gets the OP:
1) Good food as much as he wants to eat
2) 24 hours electricity, he can easily save up to install a 1.5kva inverter
3) good clothing, shoes, shirts etc
4) An affordable decent apartment
…… with these few is it not a good life already that the OP should be thankful to the Creator of Heaven and Earth for