Six Expenses That May Be Destroying Your Budget

downloadhfdh.jpg

Having a budget is very important if you want to properly plan your finance. However, when preparing the budget, there are some items or things that feature in it that you can do without.

In line with this, we share some of the things in your budget you can do without. If you get rid of these items, you will be able to save more.

Image result for cable television subscription

Cable television subscription

The homes you visit in Nigeria, you will find pay TV because it is now quite affordable. However, if you are cash strapped or you want to save some money, you should strike out pay TV subscriptions. In fact, you may discover that, except you own a generator, your subscription may run out without you enjoying it due to power shortage.

Image result for Eating out nigeria

Eating out

If you reside in Lagos, you are most likely to eat out because you don’t have too much time on your hands. You may also consider the time you spend in traffic. So, eating out is one of the attractive options. But do you know that when you frequent one of the best hotels in Lagos to eat you will soon be cash strapped? Hence, try as much as possible to cook sometimes.

Image result for gym membership nigeria

Gym memberships

You may not need to be a registered member of a gym if you planning to shed some weight. Not because you don’t have time, it is because there are other important things to do with cash. As an alternative, you may join your friends to jog every weekend.

Image result for lavish vacation nigeria

Lavish Vacations

It is great to go on vacation to Obudu Cattle Ranch and stay in one of the best hotels in Calabar. Of course, you know that you cannot afford this expensive getaway but you still went anyway. You can plan a simple vacation to Olumo Rock in Abeokuta or a picnic at Elegushi beach in Lagos.

Image result for shopping expenses nigeria

Shopping expenses

With nearly everything on the high side both online and offline, you have to cut down your shopping expenses. From groceries to clothes and electronics, you should consider reducing the money expended on these items.

Image result for gifts nigeria

Gifts

You have a party to attend this weekend but you cannot afford huge gifts but you still budgeted for it. Remember that life continues after the wedding. You should buy a simple gift and move on.

Advertisements

Published by

coolfinesse

Iheanyi Igboko is a social advocate, educator and journalist/blogger; working actively in the education and human development sector. He is passionate about promoting access to quality education, increasing youth active participation and engagement, and empowering young people to develop solutions to their problems. He craves unending hopes of a better Nigeria that will meet the hopes and aspirations of her citizens; and committed to building a nation that will seamlessly harness and develop her numerous human and capital potentials.

Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s