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As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? - Family (3) - Nairaland

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Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by derato: 9:31pm On Feb 23, 2017
how about dose that stay in a house of 200k a year n earns 30k monthly.it depends what wify needs n if wify has money to support for d rent too cos dats what she want.

1 Like

Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by kennydotkom(m): 9:43pm On Feb 23, 2017
bukatyne:


100k rent on 600k salary is still high.

How about child care, school fees, feeding, clothing, entertainment, helping relatives, savings, investment etc?

Does your wife work? If no, you both need to strategize.



My wife deos notvwork. That is why thing never measure up for me. We really need to strategise. But follow principle which says. If ur 3 months salary cannot pay for your a year rent. It mean u are leaving byond ur means.
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by kennydotkom(m): 9:48pm On Feb 23, 2017
Benita27:
I think as a family man he doesn't need a cheaper accommodation. The maths adds up: he earns 50k monthly and 600k annually his rent of 150k annually is fair enough for a family man which should either be a "self contain" apartment or a "bed room" flat depending on location.

Oga, you're not being miserly...you're living within your means.


Thank you bros. Atleast. There is a popular sayin that if ur 3 months rent cant pay for your a year rent. It means you are leaving byong ur means
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by Nobody: 9:56pm On Feb 23, 2017
I beg you in God's name go to asokoro or maitama and rent a 5 bedroom duplex for 6m.some people and stupid questions sha.
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by ogene70: 10:10pm On Feb 23, 2017
kennydotkom:
Pls house is it a wise decision i have taken never to rent a house of more that #150k per annum when my annual salary is #600k. How financial helpful has this been to me or am just trying to be a miser ?


young men go through a lot to fend for their families these days, I'm really moved with so much pity when I see situations like this.
I pray that God almighty will lift you from this level to a greater height where you will be blessed enough to pay rents for people, I use this platform as a contact for divine upliftment in your life in Jesus mighty name ...Amen.

3 Likes

Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by Olumyyde(m): 10:17pm On Feb 23, 2017
May GOD bless us all, I also pay 150k for house rent, earn 83k/month,wifey works too. GOD will see us all through.

1 Like

Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by chukzyfcbb: 12:22am On Feb 24, 2017
ogawisdom:
cool op u r wasteful with ur income, ur rent shld nt exceed 100k if u earn 600k per annum ie 50k monthly

Financial experts recommend dt at most ur 2months salaries shld pay ur annual rent

Personally I recommend dt ur one month salary shld pay ur annual rent if u dnt want to find urself at 65 still a tenant angry angry angry
this is a big lie. financial gurus and real estate experts always quote that no body should be spending beyond 25-30% of his salary on house rent. otherwise he is living above his means.
judging by that fact I will say op is prudent

2 Likes

Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by naturefellow(m): 12:58am On Feb 24, 2017
Oyind17:
Coming from a family man shocked

Women are in trouble


Modified

Those idiots quoting me, a married man should be wise enough to know what is good for his family. He can't take this simple decision. Olodos
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by ogawisdom(m): 5:55am On Feb 24, 2017
chukzyfcbb:

this is a big lie. financial gurus and real estate experts always quote that no body should be spending beyond 25-30% of his salary on house rent. otherwise he is living above his means.
judging by that fact I will say op is prudent

And what is ur source dt made my statement a lie, an idi.OT like u need not comment u can jst read comments n go than saying rubbish. U pay one quater of ur annual salary as rent even a goat won't do dt.
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by vislabraye(m): 8:53am On Feb 24, 2017
Erums:
My one month salary shoukd be able to pay my rent of 2bedroom flat and rmaining to keep body and soul dat month.... Bless God

If you dey work for Shell... . It depends on the work though..
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by Erums(m): 9:09am On Feb 24, 2017
vislabraye:


If you dey work for Shell... . It depends on the work though..

bro u dont need to work in shell to achieve dis ,. lets say i earn 150k and my rent is 100k for 2bedroom in an average side of town when it comes to structure and light ..thts not an estate but a condusive building ...the remaining 50k should upkeep me for 30days ...kapish
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by ebner70(m): 9:22am On Feb 24, 2017
kennydotkom:
Pls house is it a wise decision i have taken never to rent a house of more that #150k per annum when my annual salary is #600k. How financial helpful has this been to me or am just trying to be a miser ?
you shouldn't rent a house more than 10 percent of ur annual pay
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by vislabraye(m): 9:42am On Feb 24, 2017
Erums:


bro u dont need to work in shell to achieve dis ,. lets say i earn 150k and my rent is 100k for 2bedroom in an average side of town when it comes to structure and light ..thts not an estate but a condusive building ...the remaining 50k should upkeep me for 30days ...kapish

I'm speaking from what I experienced. I don't know where you work or how much you earn. Let me tell you my experience.
My office is in Abuja. Definitely, I can't get a house close to my office in Garki. I would have to spend my 6 months salary. So what I did is to rent an apartment, in JIKWOYE, not too far. I have to pay twice my salary. That's was my best option. People even suggested an apartment that would cost 200k more than what I earn.
It's a difficult choice.
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by Erums(m): 10:17am On Feb 24, 2017
vislabraye:


I'm speaking from what I experienced. I don't know where you work or how much you earn. Let me tell you my experience.
My office is in Abuja. Definitely, I can't get a house close to my office in Garki. I would have to spend my 6 months salary. So what I did is to rent an apartment, in JIKWOYE, not too far. I have to pay twice my salary. That's was my best option. People even suggested an apartment that would cost 200k more than what I earn.
It's a difficult choice.


i understand fully, here geographical loction is a paramount factor to look into. ...i think you took a wise decision

what sector are you?

1 Like

Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by pato405(m): 10:48am On Feb 24, 2017
vislabraye:


I'm speaking from what I experienced. I don't know where you work or how much you earn. Let me tell you my experience.
My office is in Abuja. Definitely, I can't get a house close to my office in Garki. I would have to spend my 6 months salary. So what I did is to rent an apartment, in JIKWOYE, not too far. I have to pay twice my salary. That's was my best option. People even suggested an apartment that would cost 200k more than what I earn.
It's a difficult choice.

Your's is good. My rent is 4 times my monthly salary. I'm currently grappling with it, but I have been paying it for over 3yrs now. It leaves me with no savings and so much pressure to explore other streams of income. undecided

1 Like

Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by vislabraye(m): 11:16am On Feb 24, 2017
Erums:



i understand fully, here geographical loction is a paramount factor to look into. ...i think you took a wise decision

what sector are you?

In government parastatal..
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by chukzyfcbb: 11:43am On Feb 24, 2017
ogawisdom:


And what is ur source dt made my statement a lie, an idi.OT like u need not comment u can jst read comments n go than saying rubbish. U pay one quater of ur annual salary as rent even a goat won't do dt.
I don't blame u. if you are vast reader, you will know better
Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by Erums(m): 3:41pm On Feb 24, 2017
vislabraye:


In government parastatal..


Ok.. Nice one, ... #Teamprivate

2 Likes

Re: As A Family Man, Am I A Miser, Greedy Or Trying To Be Financially Smart? by ogawisdom(m): 10:18am On Feb 25, 2017
chukzyfcbb:

I don't blame u. if you are vast reader, you will know better

i wont dignify a goat like u with another reply

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