How much is too much to save monthly on ₦100k salary?
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If you’re earning ₦100,000 a month, aiming to save about 10-20% of your income so ₦10,000 to ₦20,000 is a reasonable and realistic goal. Saving more than that is awesome if your expenses allow, but it’s important not to stretch yourself too thin. You still need to cover essentials like food, transpoRead more
If you’re earning ₦100,000 a month, aiming to save about 10-20% of your income so ₦10,000 to ₦20,000 is a reasonable and realistic goal. Saving more than that is awesome if your expenses allow, but it’s important not to stretch yourself too thin. You still need to cover essentials like food, transportation, bills, and occasional emergencies without stress. The most important thing is consistency saving a manageable amount every month builds good habits and a safety net over time, which is more sustainable than trying to save a big chunk all at once and struggling to get by.
See lessI believe that if you are earning around N100,000 every month, and you are living alone it's far better you save 50% from your monthly salary it's very good to decipline yourself on this, but if you are living with your spouse it's going to be very hard to do this . For now that is what I earn in aRead more
I believe that if you are earning around N100,000 every month, and you are living alone it’s far better you save 50% from your monthly salary it’s very good to decipline yourself on this, but if you are living with your spouse it’s going to be very hard to do this .
See lessFor now that is what I earn in a month so since am single I can save 60% every month, it’s all about decipline
There is a certain rule about how you spend your earnings and based on that rule the amount that has been alloted for saving is around 10 to 20% of what somebody is earning so if you are only 100,000, you should be able to save at least 10 to 20% of that. This is not a fixed amount as it is flexibleRead more
There is a certain rule about how you spend your earnings and based on that rule the amount that has been alloted for saving is around 10 to 20% of what somebody is earning so if you are only 100,000, you should be able to save at least 10 to 20% of that.
This is not a fixed amount as it is flexible depending on your needs and the peculiarity of the individual it can be higher or lesser but that is just the range.
See lessSaving should be something that you do regardless of how things go but you must also ensure that it is regulated and being not too much or less
There is no absolute amount that would considered too much to save in an 100k naira monthly salary. It would always depend on your status, and other factors. There are people that have been able to save 80% from that amount and still live fine. Some people won't even breathe if they save 30% of thatRead more
There is no absolute amount that would considered too much to save in an 100k naira monthly salary. It would always depend on your status, and other factors. There are people that have been able to save 80% from that amount and still live fine. Some people won’t even breathe if they save 30% of that monthly income. Everyone has to look at their financial needs and their status to determine their financial savings threshold.
See lessA smart way to save from 100k monthly salary is to keep aside like 10-20% of the salary . The others should be for personal expenses and needs like rent, data, transport, food and clothing . You can save more if your bills are less or if some of your necessity is covered. But once you start struggliRead more
A smart way to save from 100k monthly salary is to keep aside like 10-20% of the salary . The others should be for personal expenses and needs like rent, data, transport, food and clothing . You can save more if your bills are less or if some of your necessity is covered. But once you start struggling or borrowing before the month runs out, that means you’re saving too much
See lessSavings depends on how much you are earning,if you earn like lets say up to 100k,you can save like 50k it also depends on your responsibility and the size of your family,if you have wife and kids remember you will need to pay, your children school fees, don't expect to save more or else you may runRead more