Living in Lagos is expensive. Transport, data, food, everything high. I thought I could never save money until I tried this simple sharing method.
I use 50-30-20 rule. It is very simple.
50% for Needs: I use 50% of my money for important things like rent, transport, food and data. For example if you earn N60k, you use N30k for these.
30% for Wants: I use 30% for enjoyment like shawarma, Netflix, betting or flexing with friends. This is N18k from N60k. If you remove enjoyment totally you will feel depressed.
20% for Savings: I force myself to save 20% first before I spend anything. Once salary enter, I remove N12k immediately and put for my Kuda savings or PiggyVest. I lock am so I no go touch am.
Before I was saving zero. Now I save N10k to N12k every month.
The secret is to remove savings FIRST, not last. If you wait till month end, nothing will remain.
I started 4 months ago and I don save N48k now. It is not much but e better pass zero.
Try it this month and see. How do you save in this Lagos? Comment your own method below.
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