People that earn 100k and below and still have families, how do you cope? Can you please give us a breakdown of how you budget your money?how do you manage school fees and the rest?
Are there particular places you shop that things are cheaper?
Please share as this post will help a lot....
Interesting topic
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DeleteIt's not easy Stella, but its by Gods grace that we see tomorrow. My hubby earn less than 100k a month, Of which is not even enough to fee a family of five. Once he received his salary he removes tithe and offering all at ones, then we plan on the remaining. In a year I get feeding money like 5 times and manage in the month that's there's no feeding money. What I do to support my hubby, I make pap(ogi) to sell, I sell food too sometimes ( the good thing about selling food is that food will always be in the house), during festive period I look for companies to supply food stuff to them but for the pass 3years now I have not be fortunate in that aspect. I'm seriously searching for a job, so that I can assist in paying of school fee too. I don't like it that all the load should be on my hubby alone, why I'm I a help mate if I can't help in running the house.
DeleteYou are helping already na..
DeleteI just learnt something new. Am buying deep freezer next yr
DeleteWhat’s is wrong with both of you?? How can you have 3 children on a salary of less than 100k? You people think marriage is the ultimate. Your comment annoyed me because I can sense the hardship you must be facing. Feeding money 5x a year???? Ha
DeleteI need to learn here
ReplyDelete*Larry was here*
I will be reading comments
ReplyDeleteLet me read comments
DeleteI do bulk purchase of foodstuff and buy as the need arises subsequently but I do soup and stew weekly.
ReplyDeleteI do bulk shopping and it helps a lot!
ReplyDeleteI roll-over some items that has been bought the previous month which means I won't be buying them in the new month. This helps to focus on the things that needs re-stocking and my kitchen won't suffer for it.
It's all about adequate planning and being prudent in spending.
My deep freezer helps me a lot too in storing food which helps to reduce wastage.
As for school fees, we aren't there yet. It will get better.
Once salary entered, I will go shopping for everything I want that will take care of the entire month. Month will end my stuffs will still remain...just a familly of two though.
ReplyDeleteMarried people should pls come and share their tips so I can learn in advance. As a single guy, I don't buy in bulk but in bits.
ReplyDeleteIs not only for married ones.
DeleteBuying foodstuffs and provisions in bulk helps and saves a lot. The size of the family determines how large you buy.
DeleteBut for single guys, they just buy as they need in retail price, which will be expensive.
Tee Jay if you have a freezer. You can buy and store there.
Thanks Adire_classic.
DeleteI know a man that earns 60k and is married.. Aside whatever side hustle he does cos I know he drives a car which he uses to carry people to work some mornings instead of riding empty alone they pay and he goes his way same after work.
ReplyDeleteWell, he does akawo where he puts out 20k monthly to cover rent at the end of the year. Another 10k or so akawo for foodstuff monthly where they buy in bulk and supply to everyone to take home.. The remaining 30k anything goes that one I don't know but I know he does yearly contribution like December now he will receive stuffs he contributed for all year. The man is happy, the wife is happy, they are expecting and believing God for a better job. He is a hustler sha.
Is he your hubby? You know him so well.
DeleteCastle why?
Delete🤣🤣🤣🤣🤣🤣🤣🤣🤣
DeleteCould be her brother or a close cousin..
DeleteNa her husband but God will surely bless him for not being useless and wasting it inside beerpalour
DeleteI buy food stuff in bulk(wholesale price)even as a single Lady. I can't afford to be buying things every time i need them,it consume a lot. And most of them last more than a month.
ReplyDeleteas for me, am collecting #15000 while my husband is earning 30000 per month, and we have just one child. our spending is every month with some times #5000 saving every month. May God help us.
ReplyDeleteHow do you do it? Do you pay house rent? How much do you budget for food?
Deleteim a single girl earning 200,000 and most months I don't even have 5k left to save. I send money to my mum monthly though.
Deleteyou don't mean it.
DeleteSometimes we buy bulk, other times we do pickings, because salary is not always regular as at when due. Though we have a side business and that helps a lot especially for children school fees.
ReplyDeleteFamily of 6.
I don't even know how I manage. I earn way less than 100k monthly,I buy for example provisions in bulk(I used to buy like 6, 400g of milk but when I couldn't any more, I just buy 2 ) and the kids cope. I sha manage it and from the money too I save some for school fees. When I get customers to buy my liquid soap I augument with the profit from it but that isn't regular
ReplyDeleteGod de
For me once I receive salary I write down everything we need even to matches.I buy in bulk and it will sustain us till month end.we were owned 2months and I really hear am..was buying in bit until they paid us and I bought in bulk.Regard sch fees na hubby get that side but this past Sept I used my contribution money assist cos my 2kids got admission.I jst pray hubby shld be paying sch fees while me I do food stuff but u no men once u take up a responsibility them go hands off.
ReplyDeleteThere was this time hubby was very broke. I had to cloth, feed and pay school fees for over a year. Now things are getting better, Oga still left everything for me. I don't even earn much but God's been faithful
DeleteAnd you accepted???
DeleteNo wonder he thinks you have money. Better leave all those things for him, how can you cover clothing, feeding and school fees?? And you say you’re married? What’s that. So what does he do with his own money?
When I was in Nigeria I would buy certain things like provision in bulk from Lagos island and I would also buy vegetables from hausa ppl cos it’s cheaper. Soup and stew weekly and store in the freezer.
ReplyDeleteI would also make stew with garden egg during the season Tomatoes are expensive, lots of things are expensive when they are not in season so I would google recipe for in-season vegetables. Honestly my skin was so fresh in Nigeria cos I don’t eat rubbish. Plantain is from Mushin in bulk while it’s green.
School fees should be budgeted and saved monthly the same with house rent and always look for a side hustle biko don’t sit on your 100k and think you’ve arrived. Look for what you can teach and be paid for if you don’t know any useful skill then Budget some hours over the weekend to add value to yourself by learning something you can trade with. Also don’t stop all this when your salary increases keep investing in yourself and budget as mentioned above.
I am I living testament that this stuff actually works!!!
—-Yummy Mummy in London
Not everyone is blessed with biz! Stop that trash talk pls . I know pple who have lost so much trying this and that. Instead of focusing on dir job and saving the money.
DeleteSee this one! Where is the trash talk in telling ppl to invest in themselves. If you buy data and watch videos on how to do makeup or how to design websiites and you start teaching ppl how will you lose money? Is it not the same data they use to come here and drop stupid anonymous comments like yours !!!???
DeleteThank you jare. That is how my hubby wasted our money on bussiness that went down the drain. Money we would have used for better thing. Not everyone can do bussiness, but they would not hear. Oversabi
DeleteHaving freezer helps real good, stock it up with kilos of meat,poultry n fish, bulk oils, dried fish n dried prawn all in bulk, saves a lot.
ReplyDeleteGod bless you, Stella for this post. You really read the comments
ReplyDeleteI earn way less and I buy foodstuffs, toiletries monthly. I cook weekly and store in the freezer. I buy fuel weekly also.
ReplyDeleteI do contribution for end of the year foodstuffs that can take me to March in the new year at most. My mum helps me with Garri so that is covered
For fees, I try to save as much as I can.
Not a salary earner though, whatever is left from DH salary, I reinvest into my business. Stopped buying things in bulk, most times I work with my profit.. If I make huge profit, there will be chicken, little or no profit means fish or egg...😂😂😂😂😂 I cannot come and kill myself.
ReplyDeleteI'm a female and i earn about 120k. Hubby earns about 40k but has a small side hustle that's started bringing in little money lately.
ReplyDeleteI cater for about 80% of all we spend/need at home. Ours is a family of 4 and we live in a 2 bedroom with a yearly rent of 350k. I spend about 15 - 20k weekly and YES, i am very prudent. The weekly spending include transportation to work, feeding for me & the family, fueling of the small tiger gen we use (as power isn't stable in my area), restocking of depleted groceries (if any), etc. Hubby supports with some of the compound levies such as PHCN bill, LAWMA bill, security bill and sweeping-of-the-compound bill, GOTV subscription, etc.
We shop on a monthly basis and we buy in bulk. This takes about 30k-40k. The children (attend a private school) and their school fees/lesson fee/school bus fee/ books/ and other things they need is equally borne by both of us.
So considering all the above, i'm usually left with about 5k-10k for personal stuff. There is little or nothing left to save. But i thank God hubby and i have an understanding and we're very transparent with eachother's accounts. Last year, his side hustle made so much profit that he catered for house rent all by himself.
When the time for house rent reach, na loan i dey always collect to add to whatever hubby brings, and since i am credit-worthy, the loan company always oblige. The loan is spread over a period of 9 months.
I am grateful to God for his sustenance but i would love him to bless me with a better-paying job.
Please help me o. I earn 60k. First week I'm already looking for the money. Help ooooo. I don't pay rent
ReplyDeleteI still eat my mums food
ReplyDeleteLoads of diaper,wipes,tissues,baby food,foodstuff,plenty pepper blended in the freezer,milk,tea,sugar,fish,meat etc...then some money for madam to hold body...then i tell her jokingly "don't call me for anything,infact delete my number till the next payday". 2020, no more salary work, the hussle must take a new turn
ReplyDeleteStop putting pressure on yourself. Business isn’t for everybody. Nigerians are too desperate for money. That salary work you want to leave because you hear how people make it in business may be what is saving you. They don’t tell you how when you’re starting a business you will be broke for a while before things pick up. Don’t deluded yourself.
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ReplyDeleteI buy most capital intensive food stuff in bulk and store in a very big freezer for 1yr plus, eg big cartoon of headless dry fish that has about 350pcs, Stock fish ear like this July it was sold at 110,000=and I shared with someone, crayfish is always cheap by ending of Aug/1st week of Sept I bought big bag at 58000= and share with someone, I and my friend normal Buy cow every 6mths and share also. We normally dry at the bakery oven at a cheaper rate and stock in the freezer. I buy beans in bulk by Oct a big bag at 25000= and stores in 50liters cans for it to be air tight to avoid pest.rice I will buy 2bags and empty in a big drum, and 25 litre of oil direct from the mill to make sure it's Fresh. Thing I buy monthly are just provisions, toiletries., then Weekly when the need arises chicken, fresh fish, meat, eggs, potatoes because you can't store them like yam. Plantain, and their likes. It helps me a lot cause I save to buy in season. Like now even if I travel for Christmas, I will surely come back to buy yam by 31dec because it's cheaper on that day, you can get big yam by 100pcs @ 25000 or there about. I hope it helps someone, I learned from my Mum.
ReplyDeleteWow
DeleteWoow!
DeleteSee focus and discipline on fleek
DeleteA round of applause
Please where do you live?
DeleteI don't buy things in bulk... Yet.
ReplyDeleteWe doing it one day at a time. So far so good.
I earn 25k naira, and I run the house with my salary, it is not easy at all, as I have 6 younger siblings, all their wahala is on me, I'm a female, but I can't afford to make my hair, or buy myself good soaps or cream, I can't afford recharge cards, ehh, it not easy.
ReplyDeleteI always drop 20k for food stuffs and toiletries for them, then the remaining 5k,i transport to work from it, trek half way until I reach my office, I eat 100naira doughnuts, sometimes I'm lucky enough to get free food from my colleagues, roughly before the next salary I'm totally broke. That's how I cope
The older of the siblings should do some form of honest income work
DeleteDon't breed entitlement and laziness
Make responsibility no finish
2020
See and act clearly
Okay?
I buy in bulk too. Cook three different soups at once. Share them in bowls. Buy tomatoes, sumbo, onions tatashe,& pepper grind all the quantities enough for 1 month supply. Pack them in the deep freezer. Kill like 4 or 5 live chickens share them in a ziploc differently. Buy provisions for the kids that will last for a month. I only go to the market to buy fresh veggies and fresh fish cos I don't like my Titus fish staying too long in the freezer cos of the nauseating smell.
ReplyDeletePS: whenever there's no light I power my Gen that Carries my freezer, which means I spend more on fuel within that period until power is stable again. Planning in Naija isn't easy, its takes a whole lot to be focused to the happenings around your environment and earning.
You can produce bags of ice blocks and pile beneath your freezer and place your food items on it. Even when you do not have light your food remains fresh for like a week without generator
DeleteMonthly bulk buying is good. But this idea of buying for the year e get as e be.
ReplyDeleteI have a mini provision shop and I sell foodstuff by the side too,when I go to oyingbo market to buy foodstuff for the shop I made sure I buy double and remove the ones for the house as I buy in wholesale price to resell,I get 20 thousand for foodstuff every month,my profit from the mini-store is 18k per month and I made sure I am consistent with it every month so I add it to the 20k and I buy things and share for the house and shop,the house bills like Lawma,electricity,water and other miscellaneous.House rent and school fees is on husband man but sometimes when he delays in paying the school fees I do that and when he re-imburse me I use it to buy things for the shop,I buy pepper from mile 12 and after cooking I portion into ice block nylons and I get to use for 2 months,I buy fish and meat and fry them and put into the freezer,since it is a family of three now,we manage and as husband man is not always around due to work,buying in bulk right from when I was still in my mama's house really helped me in my business as job is not forthcoming then I delve into selling of everyday needs because I know with that you can never go wrong.
ReplyDeleteI am a single lady earning 350,000 a month and I just recently started saving in September. So I managed to save 1.5million. I put aside 50k for my monthly expenses, in December I got paid 600k as allowance. Hope to do better next year
ReplyDeleteI'm so so humnled by the comments I've read about this post! Oh my God! I've been such a spendthrift.
ReplyDeleteI am a banker and I earn over 600k monthly, my hubby gives me 200k monthly upkeep money, no kids yet, we are newly weds and currently pregnant with our first child but I always feel I don't have enough money at the end of each month. My hubby pays for 85% of the bills in the home, buys our tickets and pays hotel bills when we travel.
God! Please forgive all my acts of ingratitude. I change from today. Thanks Stella and everyone for this post. Let me go and become more responsible.
What you should know is that you are not in the same social class as most of the people here. So before you start suffering yourself unnecessarily in the name of saving remember that. But still thank God for your blessing because even once comfortable people are now poor thanks to Buhari
DeleteThank u. There are different levels to earnings and savings. I earn 200k monthly but get over 7m annually from my 8 older siblings( last born tins). Hubby wasn’t doing too well for a while so I used to shoulder most. When he picked up he expected me to continue. I no gree. When he saw I wasn’t going to continue he stepped up. Now I’m saving to buy a duplex. God will see us all through Amen.
DeletePeople are really struggling. May God help us
ReplyDeleteThey are oh yet still desperate to marry and bring children into these tight situations! Na wa
DeleteAs a civil servant, I bought most things in bulk with colleagues and stored in the freezer. Once alert show, we would pool resources and go to Gwari market, a Bush market where we bought fresh produce at rock bottom prices. Come see us dey hustle baskets of tomatoes and the rest like say we wan sell am for profit. Then we would buy proteins- fish, meat, crayfish and share as well, mostly from the cold room or factory directly as it is cheaper. Then I buy my tubers (the months yams are expensive I augment with potatoes).
ReplyDeleteI hate credit buying, and have a monthly limit for myself: 3000 naira, that's the maximum amount I will allow myself to buy on credit in a month if I have to, if not, the gbese dey hard to pay the following month.
Once all the major staples are bought and preserved,( with beta light, I keep almost anything in the freezer from tomatoes to beans to dryfish to bowls of soups and stew). For vegetables, I buy bundles of spring onions, spinach when in season, cut and dry indoors and store, it comes in handy when the northern dry seasons come and green vegetables become a luxury.
For school fees, I try to keep a portion of the salary over a 3month period and pay in instalments when it is not complete, always before the school asks sha, I no like 'hembarassment'.
Any other thing we need wey money no dey for, we go just close eye like say we no see am.
Been doing this for a while and even when my husband was out of job for 7 months, nobody hear our story.
Jesus Christ when will my life be better, see me now i have nothing to say, i buy when i see money, even this year's rent has not been paid, Hnmm i have full confidence that next year will be better.
ReplyDeleteGreat lessons especially for me who's planning to start a family on a salary of 150k
ReplyDeleteA single lady, i earn 68k plus( after deduction of tax and pension)i pay my tithe(10%), save 15k monthly, buy footstuff in bulk and store in the freezer, i sell designers oily perfume as side hustle and share part of my profit to save for rent monthly. i still care for my Mum and younger siblings.
ReplyDeletei pray i get a better job with good benefit year 2020.