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Nairaland Forum / Nairaland / General / Jobs/Vacancies / How Much Salary Is Enough Salary In This Economy (26925 Views)
How Much Salary Is Enough For Good Living In Nigeria; this Year 2023? / How Much Salary Increase Is Good Enough To Relocate To Another State In Nigeria? / How Much Salary Is Enough For Good Living In Nigeria (2) (3) (4)
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Re: How Much Salary Is Enough Salary In This Economy by Tikai(m): 10:59am On Aug 25, 2017 |
Contentment and planning |
Re: How Much Salary Is Enough Salary In This Economy by buJu234: 11:05am On Aug 25, 2017 |
i think although 150k is not much; one can survive with it especially if u re living in the following areas:- LAGOS:- Downtown lagos--- mainland: egan-igando; iyana paja down; iyana iba down; mowe ibafo etc.. ISLAND--- Lakwe down; badore inside Ajah other nothern states esp. Abuja; even some SW states like ekiti; Osun; are not too expensive.. then pay local food more instead of can imported food; these areas are close to farms; so can buy freah healthy food from farmers. also schools are chaep in those areas; u can b teaching r kids on wkends to help upgrade their educations. but it will never be enough if ure staying anywhere around these areas; Ikota/lekki/surulere; Egbeda; ogba; mile 2 etc etc.. |
Re: How Much Salary Is Enough Salary In This Economy by Kokaine(m): 11:12am On Aug 25, 2017 |
gadgetsngs:how dem dey do npower sef. who fit qualify 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by jay7(m): 11:20am On Aug 25, 2017 |
ndividual: At times I wonder how people reason, must everyone in life be rich as Dangote or Otedola before they can claim to be ok, I read from your post that house rent = 800,000 is it a must he rent an apartment as high as that? I have a friend staying at Maraba/Yanya Abuja and he is not paying upto 130,000 for his 2 bedroom apartment and moreover most people that work in Abuja stay/reside in the said area. What matters in life is planning and contentment, we can not all go to private schools and Infact there are still private schools that pay less than 50,000 per term and remember we have 3 term in a year which the Op one month salary can handle and if he is staying in a house not more than 150,000 per year he is left with 10 months salary plus his side business to plan, eat, save and do other things. 8 Likes |
Re: How Much Salary Is Enough Salary In This Economy by Nobody: 11:22am On Aug 25, 2017 |
Salaries? In January 2017, I hustled money to arrange drivers license so as to earn something higher than 15k a month, with a not working, live in baby mama in tow. In March, my wish was granted I got a 40k driver job in a location close to home. I work late, I work Monday to Saturday, I am depressed, from my larger than previous salary I can't buy myself a shirt, I still dress in my rags to work. Salaries are the reward in a permanent rat race, only those who break out of the box end up well. 3 Likes |
Re: How Much Salary Is Enough Salary In This Economy by jay7(m): 11:28am On Aug 25, 2017 |
Quincyolarks: Well-done but your so called baby mama should not just sit idle doing nothing, if she is a graduate she can look for a teaching Job no Matter small she earn she will have something to support you with at the end of the month. |
Re: How Much Salary Is Enough Salary In This Economy by officialfestus(m): 11:36am On Aug 25, 2017 |
jojothaiv:abi? |
Re: How Much Salary Is Enough Salary In This Economy by gozie112(m): 11:38am On Aug 25, 2017 |
Sard:I tire oo,,the one guy say 1.2 million no dey reach am,,,na thunder go fire am |
Re: How Much Salary Is Enough Salary In This Economy by officialfestus(m): 11:43am On Aug 25, 2017 |
gozie112:amen to that bro! |
Re: How Much Salary Is Enough Salary In This Economy by gozie112(m): 11:46am On Aug 25, 2017 |
officialfestus:dem just dey cause depression for Person here,,nonsense |
Re: How Much Salary Is Enough Salary In This Economy by officialfestus(m): 11:54am On Aug 25, 2017 |
gozie112:nor mind dem....the thing just tire me.....I dey money find money to take sort something next month....nahim one m0nkey they say 1.2m nor reach am use a month |
Re: How Much Salary Is Enough Salary In This Economy by vexing(m): 11:55am On Aug 25, 2017 |
sgtponzihater1:My dear, it is not easy. I earn double of what you earn and I still find it difficult to save. Although I don't have kids yet, it is just me and my wife but there are other responsibilities from parents, my younger ones etc. So my advice is that someone should just managed to live within his/her means. 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by FIDELITY24(m): 12:00pm On Aug 25, 2017 |
Odilafta1:great comment, if you cant save from 50, you definitely cant save from 100. As your income rises so does your challenges 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by sgtponzihater1(m): 12:03pm On Aug 25, 2017 |
LaurelP: Several. I have a mini-super market, run a sport betting biz, have a partnership with some fuel stations, and do stocks, mutual funds, treasury bill and have some bonds. |
Re: How Much Salary Is Enough Salary In This Economy by successincentiv(m): 12:06pm On Aug 25, 2017 |
from 1M naira salary can be enough in this economy |
Re: How Much Salary Is Enough Salary In This Economy by Ichietome: 12:41pm On Aug 25, 2017 |
YelloweWest:Shut up |
Re: How Much Salary Is Enough Salary In This Economy by YelloweWest: 12:46pm On Aug 25, 2017 |
Ichietome:Why not state what u disagree with? Lack of proper training and education I guess Smh... 2 Likes |
Re: How Much Salary Is Enough Salary In This Economy by singleosy(f): 12:49pm On Aug 25, 2017 |
jay7: Easier said than done. Me that is looking for a teaching job. Started from July and submitted in over 30 schools here in Ph. Only gone for one interview, yet to hear from them. Do you think it's easy? The way people talk as if it's easy to get a teaching job make me laugh. Even with all my experience, qualifications 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by olaboy1: 12:51pm On Aug 25, 2017 |
jay7: I was going to jump on that post your replied to. It's not practical to calculate income and expenditure across countries the way he did. A loaf of bread here cost 1000 Naira, the question is does it cost 1000 Naira in Naija. I don't have much time to elaborate on what is wrong with his calculations, I believe if you earn 150k monthly today in Nigeria you should be fine and not die of hunger. If you are married with one wife and one kid, no need trying to save other dependants, you need to tell them to go start something for themselves because your primary responsibilities are your wife and kid. Rent/utilities: 20k monthly (150k rent per annum and 90k for utilities per annum = total 240k) Auto /Transportation : 21,750k (50liters tank x 3 times a month @ 145/liter) Child Care: 20k (includes pamper, baby oil and other sundry) Clothing for 3: 15k (you can shop for clothes every 3rd month @ 45k for 3 people) Entertainment/social/dining out: 16k (4K per week) Groceries and food stuff: 35k Fitness: zero Naira (free jogging on the street and home cardio work out) Hobbies: find inexpensive hobbies or free hobbies like pokeman go....Hahahaha, seriously look around you there are free hobbies Household Maintenance: 7k (fixing things in the house, learn to be handy and get to work, many DIY YouTube videos at your disposal) medical/dental: 15k Investments/saving buffers: 10k Miscellaneous: 5k Subscriptions: 10k (tv, internet and phone credits) Fuel for generator: 15k Vacation: 5k Car maintenance: 10k monthly Grand total : 204,750 Naira ..... this should be a reasonable monthly family budget of 3, so broda you need to find a side business to earn like 50k more monthly....200k monthly should be ideal to live an ok life. I hope I'm not missing anything out? 3 Likes |
Re: How Much Salary Is Enough Salary In This Economy by Timothyoj(m): 12:52pm On Aug 25, 2017 |
Odilafta1:This answers the question. No one can make you happy except you and you alone. MANAGE WELL AND BE CONTENTED |
Re: How Much Salary Is Enough Salary In This Economy by Florblu(f): 12:59pm On Aug 25, 2017 |
abnot: I tried to ignore you but I couldn't Mr live right,the OP actually asked for people's opinion on what an ideal salary is for a married man and he didn't call you out to analyze what living well means.To even think no one can boast of living well in this country If a man who is prudent feels 150k is enough to take care of his family,then why can't you swallow your opinion of 150k not being enough because you are not prudent? Are you living well? Obviously, No! but you think you are ....... Please don't get me angry 4 Likes |
Re: How Much Salary Is Enough Salary In This Economy by zinaunreal(m): 1:10pm On Aug 25, 2017 |
yemmit90:i think he just got the job and he is coming here to show off and intimidate those who dont have at all 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by jay7(m): 1:16pm On Aug 25, 2017 |
singleosy: I understand you bro and i know there is a brighter day ahead if not for capital i for suggest something that can feltch her income with 100,000 |
Re: How Much Salary Is Enough Salary In This Economy by Sard(m): 1:17pm On Aug 25, 2017 |
olaboy1:You're not missing any necessity. As a matter of fact, it's possible to live well below that #204k in many parts of the country. Even with a family of 3, #120k is good enough in many places in SW Nigeria, except Lagos. I know a lot of families with educated, prudent and lovely couples who, though not satisfied with their current condition, are living a 'good' life with love. Prudence is the key. Even with a million naira monthly income, you may still live like a pauper if you're living above your means. 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by mindworx: 1:18pm On Aug 25, 2017 |
EVILFOREST: 400k will not allay your fears |
Re: How Much Salary Is Enough Salary In This Economy by Nobody: 1:29pm On Aug 25, 2017 |
Giannakopoulos: According to statistics, only 5% of Nigerian adults earn above 70k a month. 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by jay7(m): 1:29pm On Aug 25, 2017 |
Sard: Your response is short and catchy there are things you don't pretend to be when your income is still struggling, like the subscription he mentioned why pay 10,000 on subscription when we have dstv 1800 subscription a month which have basic channels, feeding is something you eat when you are hungry if not for the hike in foodstuffs a family of 3 cannot eat/finsh a half bag of rice in 2 months and half bag is around 8500 to 9500. all am saying is one should not try to play i gats to belong when you are still struggling to grow, I am not from a wealthy home neither am i from a poor background but i have friends who are struggling with life serving along side with them really thought me so many things about life. |
Re: How Much Salary Is Enough Salary In This Economy by abnot: 1:46pm On Aug 25, 2017 |
Florblu: Living well is relative. What you may consider as prudent living may be luxury or poverty to me. Lot's of people are living well in Nigeria Sir. Don't make the assumption that no one is living well. Anybody that has access to basic infrastructure and services is living well. If the transport system is bad one can complement it with a landcruiser and get immune from most of the rough roads. In Milverton some people tend to even forget that nigeria is experiencing challenges in the area of electricity. My opinion on 150k a month was based on my knowledge of the cost of housing, tuition fees, healthcare and other neccesities in Lagos. |
Re: How Much Salary Is Enough Salary In This Economy by donifez(m): 1:48pm On Aug 25, 2017 |
Giannakopoulos:Thank you ooh. I just they observe them. 1 Like |
Re: How Much Salary Is Enough Salary In This Economy by Sard(m): 1:54pm On Aug 25, 2017 |
jay7:You're so right. I'm doing financially okay too, but I know people who earn more than me and are struggling. Even when I was an undergraduate, a friend, who used to get double of my pocket money, used to borrow from me. Since then, I've realized that it's not how much you earn that determines what will satisfy you, but how well you can manage your income. |
Re: How Much Salary Is Enough Salary In This Economy by Nobody: 1:57pm On Aug 25, 2017 |
udemejack:omo this town no easy ooo |
Re: How Much Salary Is Enough Salary In This Economy by awa(m): 2:26pm On Aug 25, 2017 |
omoneg: If you studied Electrical/Electronics Engineering, then inbox me if you have some Telecoms experience. |
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