₦airaland Forum

If u want to live like kings ....yes
If u want to live accordingly to size ....no

I hope u find the correct answer.

May young people in Nigeria today don't have savings, most times is not how much you earn but how much did you save. Savings for me is part of survival just imagine a man without savings you are like WhatsApp without back up .... 100k is not enough simple

Adeyemi230:
funny
my monthly salaries is 25k but the main issues is
at times my daily bonus is more than 10k if there's sale
and at times i might gain 2k daily so am comfortable
if there's daily bonus that cover daily expenses it's fine

I find this very interesting

I earn less than that amount in Port Harcourt as a single guy who still helps his brother. It all depends on how you manage your finance in this present economy. I've seen a single guy earning more than 600k a month(excluding other benefits) and still goes broke less than two weeks after collecting his salary. Reasons- he clubs, parties,carries random girls,doesn't buy foodstuffs in bulk and spends on unwanted things. Even a married man with a family of children earns this same 100k and has never owed his landlord house rent for once....
Finance boils down to management,not most times, by the amount you earn...

i earn around 250k per month, i am single but it seems like i am suffering seriously i cant even take my self out more than once a month and even trek back from work sometimes.
100k is definitely below poverty line.

No. Labor said No!

Flesh10:
There is a big difference between doing well and struggling to survive each month.

When you say a family of 4 with an earning of 300k per month is doing well, how did you mean?

Is Lagos state included in that conclusion?

I understand that yes there are families surviving on less than 100k a month but that does not mean that they are doing well and it also applies to a family surviving on 300k.

Let's break it down. I am specific about Lagos only. Other states are not in my argument.

A family of 4 (father, mother, 2 kids)

Earning 300k.

Let's assume they live in a room and parlour (mini flat).

In Lagos the jobs are situated in places like Lekki, ajah, ikoyi, VI, Ikeja, Surulere, yaba and Apapa..... Getting a good job outside these axis is rare...

Accomodation for a mini flat in those axis is out of the question because definitely the family earning 300k monthly cannot afford it so we will assume they live outside that area.

Let's say he works in Ikeja and lives in Egbeda.

A mini flat the cheapest ones in Egbeda now cost 1.2m (that's cheap ones oooo) but let me be nice and easy 800k

To save up for rent he needs to save N67,000 every blessed month for one year from his salary.

So if N67k leaves his account every month that's N233,000 left.

Transport from Egbeda to Ikeja everyday to and fro will take 2k daily from him

Egbeda to Ikeja N500 coming... Then maybe keke to his office like Allen or Toying additional N300

Coming back trust Lagos your fare has doubled. So Tfair to be nice 2k daily

That's about 50k monthly for 25days of work.

We have N183,000 left from that salary.

Upkeep for a family of 4 let's assume 100k monthly. He has 83k left


Other bills to pay

Nepa bill
Recharge cards
Children school fees which comes every 3months (meaning 3 times in a year he will have nothing to save)

We assume nobody falls sick
No emergency.

He doesn't even eat anything at work all year and everything goes as planned for his strict finances.


My brother you've seen the breakdown despite how hard I tried to give unrealistic prices in Lagos especially with accomodation.

A family of 4 surviving on 300k monthly is not doing well but barely surviving

Maybe for you guys in Lagos
Here in osun state, there is a university lecturer who is a family man earning with 200 to 300k, and is still leaving average ok, drives a car with 2 teenager kid, moderately doing fine,
I am saying this because I have seen many
May be Lagos should be excluded

Bukola94:
I totally agreed with you and you are so right Sir. I should be able to manage 300k and be saving 30k to 50k. Sometimes I will skip maybe lunch and eat something of not more #500

This is a very honest answer,you'll have to skip some meals. I received 200k on 1st April and it finished before 20th but I'm a family man,married

OredoPikin:
I believe u don't pay bills.

U have to be very stingy to yourself for 100k to take u for a month
Like very very stingy

That is what I am saying, be frugal with spending,at e ones in two weeks,you treat your self very well

ZUBY77:
The take away food I went to buy in MEGA chicken this morning cost 100k+. So yea, if I chose to eat it for a month, then I survived.

Baba...

People are receiving less than. Nigeria workers are still working as a slave.

ApC government are clueless

Adeyemi230:
funny
my monthly salaries is 25k but the main issues is
at times my daily bonus is more than 10k if there's sale
and at times i might gain 2k daily so am comfortable
if there's daily bonus that cover daily expenses it's fine

wetin bring you and 25k enter this discussion?
The topic says,100k monthly earners!

Thank God my salary is 131 and not 100k.
A wife and a baby.

I think salary should be paid twice in a month, 200k every 2 weeks and nobody will complain.

Bukola94:
I totally agreed with you and you are so right Sir. I should be able to manage 300k and be saving 30k to 50k. Sometimes I will skip maybe lunch and eat something of not more #500

see Tinubu supporters forcing people to adopt to hardship

God abeg o

Skip lunch is now an Asiwaju achievement

I hope God can forgive you people oooo

Haaaa

Powerbandooo:
Let us be realistic, It is enough to live life well as a single guy, not married
Sometimes I will see nonsense writeup that someone who is making 500k as a family man is not enough,
The truth is where we will use see a job of 500k in Nigeria
This is Nigeria, anybody that is making 300k with a family of 4 or less is doing well, we should not let anybody pressure you

So for the 100k salary for a single guy it is fairly enough to live life managely well
Any writeup that will counter what I am saying is nonsense
Rent is paid every year, not something you pay daily

lol lol guy you dey your father houss they write this nonsense.

OredoPikin:
I believe u don't pay bills.

U have to be very stingy to yourself for 100k to take u for a month
Like very very stingy

how much is meat nd fish in the market help me ask him , how much is trasportation.

Powerbandooo:
Let us be realistic, It is enough to live life well as a single guy, not married
Sometimes I will see nonsense writeup that someone who is making 500k as a family man is not enough,
The truth is where we will use see a job of 500k in Nigeria
This is Nigeria, anybody that is making 300k with a family of 4 or less is doing well, we should not let anybody pressure you

So for the 100k salary for a single guy it is fairly enough to live life managely well
Any writeup that will counter what I am saying is nonsense
Rent is paid every year, not something you pay daily

No reasonable person with quote something to this nonsense you wrote up there, so you're basically the one saying nonsense. Bro leave mama thank ma and face reality.

Data alone is 14k monthly, light bill like 6k at least so what will d remaining 80k do. What about tp, average tp daily in lagos is 2k but lets say 1.5 so that multiply by 30 thats 45k. Abeg lets forget this issue

Omoh places like Jos with that 100k I be big boy na, I mean Jos city not one village oo, if it is in Village walai I be king with 100k I don't know about other parts of Nigeria sha

I disagree with u.

Are u married at all or u just want to sound correct?

Powerbandooo:
Let us be realistic, It is enough to live life well as a single guy, not married
Sometimes I will see nonsense writeup that someone who is making 500k as a family man is not enough,
The truth is where we will use see a job of 500k in Nigeria
This is Nigeria, anybody that is making 300k with a family of 4 or less is doing well, we should not let anybody pressure you

So for the 100k salary for a single guy it is fairly enough to live life managely well
Any writeup that will counter what I am saying is nonsense
Rent is paid every year, not something you pay daily

Adeyemi230:
funny
my monthly salaries is 25k but the main issues is
at times my daily bonus is more than 10k if there's sale
and at times i might gain 2k daily so am comfortable
if there's daily bonus that cover daily expenses it's fine

This place you are working with the daily bonus is better than just only a 100k salary.

Flesh10:
There is a big difference between doing well and struggling to survive each month.

When you say a family of 4 with an earning of 300k per month is doing well, how did you mean?

Is Lagos state included in that conclusion?

I understand that yes there are families surviving on less than 100k a month but that does not mean that they are doing well and it also applies to a family surviving on 300k.

Let's break it down. I am specific about Lagos only. Other states are not in my argument.

A family of 4 (father, mother, 2 kids)

Earning 300k.

Let's assume they live in a room and parlour (mini flat).

In Lagos the jobs are situated in places like Lekki, ajah, ikoyi, VI, Ikeja, Surulere, yaba and Apapa..... Getting a good job outside these axis is rare...

Accomodation for a mini flat in those axis is out of the question because definitely the family earning 300k monthly cannot afford it so we will assume they live outside that area.

Let's say he works in Ikeja and lives in Egbeda.

A mini flat the cheapest ones in Egbeda now cost 1.2m (that's cheap ones oooo) but let me be nice and easy 800k

To save up for rent he needs to save N67,000 every blessed month for one year from his salary.

So if N67k leaves his account every month that's N233,000 left.

Transport from Egbeda to Ikeja everyday to and fro will take 2k daily from him

Egbeda to Ikeja N500 coming... Then maybe keke to his office like Allen or Toying additional N300

Coming back trust Lagos your fare has doubled. So Tfair to be nice 2k daily

That's about 50k monthly for 25days of work.

We have N183,000 left from that salary.

Upkeep for a family of 4 let's assume 100k monthly. He has 83k left


Other bills to pay

Nepa bill
Recharge cards
Children school fees which comes every 3months (meaning 3 times in a year he will have nothing to save)

We assume nobody falls sick
No emergency.

He doesn't even eat anything at work all year and everything goes as planned for his strict finances.


My brother you've seen the breakdown despite how hard I tried to give unrealistic prices in Lagos especially with accomodation.

A family of 4 surviving on 300k monthly is not doing well but barely surviving

he can not survive with 500k

Endinjustice:
A litre of fuel is 1400 now. So do the maths yourself.

I am still wondering how the common man will support and vote for APC when fuel is 1,440 per liter, no be juju be dat

OredoPikin:
What about us that work from home?
I spend at least 25k on data monthly.
Our light is very terrible so I spend at least 3500 on fuel for generator daily (I have to off it repeatedly so it can carry me).
So 5days in a week cos I don't bother to buy weekends
4weeks is 70k
70k plus 25k is 95k
I never chop o, I never pay plenty other bills

Let's assume I decided to be going to office. Transport is 5k daily. In 22days, thats like 110k
And I go still buy data for my personal use.

Okay, 3rd option, rent an apartment close to the office, house rent around that place is 1million minimum for a single self contain (one room o, with ur toilet and bathroom and kitchen, no parlour😂).

Before tinubu became President, 10k fuel dey carry me for a whole month. I don't even use gen most times cos light dey.
1500 dey carry me go office to and fro and change go still dey.
I don't even spend upto 10k for data


Honestly, tinubu did alot of us shege.
No light
Fuel is overly expensive.
This is not life at all. All because of one man greed

we are all saying the same thing here, wether U like it or not there are people that are still earning less than 50k ..

It's all about cutting costs to the minimum, I only buy what I need and not what I want, I can't even remember the last time I ate what I want, so I just eat to survive...

It's better to earn less than 50k without transportation fare, than earning around 100k with transportation fare....

Let me use myself for example, where I'm working currently, my Salary is 80k, there's accommodation but no feeding... I've seen work of around 150k, but I turned them down because I'll be spending around 75k monthly on transportation since those ones didn't come with accommodation...

So once I receive the 80k, I go to the market and buy food work around 30k, save around 40k, then the remaining 10k for airtime and data..

mightyleks:
You get car come dey earn ₦100k monthly bro sell the car

Rather than selling, why not use for transportation business.

Powerbandooo:
Maybe for you guys in Lagos
Here in osun state, there is a university lecturer who is a family man earning with 200 to 300k, and is still leaving average ok, drives a car with 2 teenager kid, moderately doing fine,
I am saying this because I have seen many
May be Lagos should be excluded

I clearly stated my opinion is for Lagos state where I live

masui:
Rather than selling, why not use for transportation business.

Exactly my thought, how can you have a car and be earning 100k monthly.
He should sell the car if he can't put it to use for more income.

It depends on cost of transportation
If cost of transportation were removed, then it will be more than enough for a single person because you can save a large part of it and it is not how much you are paid that matters but how much of it you can save

Flesh10:
I clearly stated my opinion is for Lagos state where I live

Even in Lagos, if they provide you accommodation then it is ok and many jobs in Lagos come with accomodation

Blackdisciple:
Omoh places like Jos with that 100k I be big boy na, I mean Jos city not one village oo, if it is in Village walai I be king with 100k I don't know about other parts of Nigeria sha

insecurity nd unjust killing

Am on 600k salary I dey fear to put woman for house