Three ways to save money on tight budget

The recent removal of fuel subsidy has limited the amount of disposable income available to Nigerians.

If you are wondering how to survive the high cost of living and save on a tight budget, here are steps to consider:

Avoid spontaneous purchases:

Let people call you ‘ijebu’ all they want but it is your shoe and you know where it bites. Absolutely avoid buying things you did not plan for. Write out a weekly list of purchases and stick to it. You may even realise you will no longer need to purchase some items on the list. There you go; that little money may just sustain you.

Resist buying in bits

Buying in bits drills a hole in your pockets and leaves you wondering where all the money went. This is because retail sellers sell with added profit. Purchase the number of items that will sustain you for at least a month and buy at wholesale prices too.

Adopt cheaper ways of transportation

Transport fare looms large in our world of spending and it’s necessary for reaching various destinations. Walk trekkable distances; hitch a ride with neighbours or acquaintances; move close to your workplace but not to a place with exorbitant rent; consider cycling too.

This is a trailing time for every Nigerian. While the aforementioned will help you save money on a tight budget, an improved standard of living with a pleasant economy is what we should all strive towards.