₦airaland Forum

Taye4christ said ''I am learning stuffs there. It takes discipline, prudence and a sense of purpose to do what you have set your heart to achieve this service year. Really commendable.''

Am overwhelmed with gratitude and humbled with your comment brother.

Rockmyworld:
Good to be back here again, wow a lot have been said already. I want to say a big thank you to my brother Styca for a wonderful inspiration. We all are really learning a lot from u here. Am also a serving corper posted to a place where things are a bit costly, but what have not really thought of is how it is compulsory to save. Have always wanted to live my life comfortably, now I see I have to adjust my life.
Thanks to everyone that have contributed so far.

Welcome back Rockmyworld. Am deeply touched that you are learning, being inspired and spurned to make adjustments. Now, the journey is alot lighter for me because we are journeying together.
This is the aim of the thread, to inspire ourselves to do what needs to be done.

Parasitic:
Nice..

*thumps up*. How are you doing bro?

Ademat7:
Thanks for sharing with us,I like ur writing skill too

Thanks Ademat7 for reading. Am glad you like how I write, though am open to corrections.
Welcome to theMSAJuwaya.

Thanks everyone who views, likes , shares and comments on this thread.

You guys give me reason to keep up the work. You all are the bomb. *though not boko haram's* lol

''look a little closer, you will see the beauty in everyone''

****** Being A Corp Member******

It is the dream of most graduates to serve their fatherland. For some, it is a marker to others that they really went to school. To others, it is a necessary evil that must be performed.

I fell in-between these two. I was happy that I have graduated and that now I am 100% in control of my time and resource(s). On the other hand, people needed to know am now a graduate.

During the orientation camp, I found myself in a cultural-soup where every ethnic group in the country was represented. I was amazed with the level of sophistication and intellectual prowess exhibited here. I became friends with Bashir, who is from kano. Am always being inspired by this guy's mind.

I was stripped of my negative sterotypes. If this is the only benefit I gained for serving Our fatherland, then it is worth it and I think the scheme have achieved its objective.

''In all that you do, show forth EXCELLENCE''

*****************************
My school resumed yesterday and I have been trying to find a convenient time to be posting.

I will be making a post in the evening on:

****** Being A Corp Member******

abdussalam:
I'm also a serving corp member like you. I blog about youths seeing opportunities in as they advance their careers irrespective of environment. I published these 11 ways to make money as a corper. Check it out: http://ibnamoo.com/make-money-as-a-corper/


Cc: Styca, Xfire, jarushub,Trenditee, Taye4christ, Noordean LogoDwhiz, Positivist, Parasitic, Rockmyworld, Goldpeas et al.

i checked out your blog bro, you are doing a great work. Keep it up. I hope to work more closely with you.

My boss Taye4christ I see you. How are you doing? Hope you have settled down in your PPA?

shawwal1:
This is one of the most Educating post I've come across in Nairaland,keep it rolling I love it!

Welcome Shawwal. Together we can make it even more educating, inspiring and entertaining. Welcome to msAjuwaya.

Parasitic:
I hope to serve in cross river, some day. Are you teaching their? How do state govt pay?

Cross River is a nice state to serve. It is one of the peaceful states in the country and her people are extremely friendly and warm. They will try as much as possible to make you feel at home and comfortable.

The state government pays #3000 and majority of the corp members posted here serve in schools including yours truly.

Parasitic:
I hope to serve in cross river, some day. Are you teaching their? How do state govt pay?

Cross River is a nice state to serve. It is one of the peaceful states in the country and her people are extremely friendly and warm. They will try as much as possible to make you feel at home and comfortable.

The state government pays #3000 and majority of the corp members posted here serve in schools.

Parasitic:
Where are you serving, this budget seems meagre to me.

Hahahaha 1500 for relaxation to me is high, atleast one bottle of origin every weekend will do.

As I said earlier, am in a remote part of Cross River, the cost of living here is unbelivably low and the indigenes are also making it even lower.

Remember this is my first month, so am basically using this month to guage how much to allocate to items for subsequent months.

Happy sunday to everyone out there. Wishing you all a blast week ahead.

Cc: LogoDwhiz, Positivist, noordean, Parasitic, Rockmyworld, Goldpeas et al.

Happy sunday to everyone out there. Wish you all a blast week ahead.

Cc: LogoDwhiz, Positivist, noordean, Parasitic, Rockmyworld, Goldpeas et al.

Being Rich or being poor is a state of mind.

If a poor man suddenly finds himself in money, he will as quickly lose it, unless there is a shift in the mindset.

The same applies to a rich man who suddenly had times befalls, he will get over it. Just because he sees things fromm the eyes of riches.

Goldpeas:
aha...i see

Just learning from y'all ...will be serving by may so please keep it up!! Cheers

Am happy you are finding this helpful. May you serve in a place where you will explore your potentials.

'' For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath''.- matt. 26:29

****** My Thoughts on Saving 11*******

In the earlier post, I pointed out that one have to know the reason for saving.

There are many factor(s) which motivates people to save, for me they include:

¤ To have the good things of Life: Personally this is the underlying factor that spurs me on this journey. I realized that to enjoy the good that is abundant in life I have to be successful with money. Saving a part of what I earn, is an aspect of the equation.

¤ Fear: This is a powerful emotion which drives me to put some funds away. Most times, it is the fear of the unknown and its attendant uncertainities. I don't want to be caught 'pants down' by life's event. I view this emotion in a positive light as long as my present well-being is not jeopardized.

These are the main factors that drive me to save.

What about you, what motivates you to save?

Goldpeas:
wow! 10k got you those items for Room decor?

this must be interesting.. me is patiently following!!

Thanks Goldpeas for dropping by. Yeah, 10k got me those stuffs. Are you surprised?

I got the pots, curtains and stove for #2000 from a friend that passed out in Oct.

I bought the mobile wardrope for #3200

I paid #1800 for the carpet.

One need to be ingenious.

'' Enjoy life while you are here. Do not overstrain or try to save too much''- G. S. Clason

****** My Budget for January*****

Feeding .......................... 5000
CDs dues ........................ 500
Transport ...................... 2000
Fuel .................................. 500
Recharge ....................... 1000
Relaxation .................... 1500
Total ................................ 10500

Note: I used the balance from the amount allocated to 'Transport to PPA' to make up for the extra #500, since I spent #3750 instead of the whole #5000 allocated to it.

This is my budget and how I allocated the 'operational fund'. Am living very cautious here and praying to avert any emergencies, since I don't have any amount allocated for emergencies.

Rockmyworld:
Have not really asked myself that question that much. But it's true when you have a strong reason to save nothing will ever make you spend

yes it is true we need a reason to save. It is also equally true that with our strong reason we still have to spend. The difference here is, when we spend we are happy doing so because our reason for saving have been taken care of.

''It is not good enough to want it. You've got to know how to get it''- Donald Trump.

****** My thoughts on saving*****

The core of the idea(s) that make up my thoughts on savings came primarily from the George S. Clason's classic: The Richest Man in Babylon. That book is like a personal finance Bible to me. I carry it with me anywhere I go. Its simplicity and down to earth approach is what endeared it to me. And I can readily identify with most of the characters in the tales.

One thing I have come to realize about finance and one's saving habit; is the question of,

¤ why are you saving?

If one could be able to sincerely answer that question, I bet you saving becomes a whole lot easier and fun.

Have you answered that question for yourself?

Rockmyworld:
This is a good one styca, am following you right away. Hope to learn a lot from this.

Thank you Rockmyworld for reading and following. I hope to learn from you also.

''I am open to receiving money in both expected and unexpected ways''

******* EXPLANATION OF DATA**

¤Paid Myself: this is the money I pay myself for being the manager of business MSAjuwaya*winks* Due to the amount allocated for Room Decor I had to bear the brunt of a pay cut.*laughs*

¤ Amount Received: This was the federal allowance for the month of december 2014.

¤ Savings: The amount I was able to save between the end of orientation camp in Nov. And 31st of Dec.

Note: I was not able to save anything from the Nov. Allowance (ie the one paid in camp).

¤ Transport to PPA: the amount I spent to come to my PPA with my luggage.

¤ Room Decor: the amount I spent in buying stuffs like; curtains, carpet, mobile wardrope, pots, stoves etc to make my room relatively comfortable.

¤ Operational expense: money set aside for daily needs when the arise like CDs dues, transport, buying of water, kerosine, fuel, and for emergencies.

Parasitic:
You mean remaining balance #650

Yeah bro, the remaining balance is #650. Though the expense statement is an allocation of money and how much for each item.

noordean:
wht du u mean by ''paid myself''? Whtz dat for?

Noordean, the paid myself money is a certain percent of my earnings I set aside for the purpose of investing.

''It does not matter what you plan, it does not matter what you dream, it does not matter the ideas you have, if you don't take ACTION, they are just that: plans, dreams and ideas.''

****** THE BEGINNING*********
The Income/ Expense Statement for the month of January 2015.

INCOME STATEMENT
Amount received........... 19650
Savings ............................. 11000
Total .................................. 30650

EXPENDITURE
Paid Myself .................... 5000
Transport to ppa ........... 5000
Room decor .................... 10000
operational expense .... 10000
Total ........................ 30000

Parasitic:
#Following.

I will also contribute and constructively criticise your financial judgement.

Thanks Parasitic, am looking forward to a robust interaction with you.

noordean:
This is a good one my broda,i will b following u very closely

Thanks bro.

Positivist:
Beautiful

welcome Positivist. You have an interesting handle.

LogoDWhiz:
Interesting!

Let's see how this goes!

welcome on board brother, you will truly enjoy this.

*****************************
Welcome to themoneysavvyajuwaya: living well, spending less.

I am Styca, a batch C corp member, posted to a remote part of Cross River State.

This is a chronicle of my financial life as an Ajuwaya, am starting this thread to hold myself accountable for my financial decisions. I shall strive to be truthful and to present the facts as they are.

The goal is to train myself in financial matters and to apply everything I have learnt about saving, investing and wealth creation.

During this seervice year, I will seek for ways to increase my earnings while I keep my spendings as low as possible without hurting myself. LOL

I promise to make a post atleast once a week. During the course of this thread, I will share with you the challenges I faced and how I managed to overcome them, tips on how I saved, my money idiosyncrasies, my thought on money, wealth creation, being a corper and back again on money.

Feel free to drop your comments, tips and criticisms.

Welcome to themoneysavvyajuwaya.

Xfire, jarushub,Trenditee, Taye4christ, Noordean et al