Let’s just face it. Your salary can never be enough for your expenses. The reality is that the more you earn, the more your taste and wants increase. If you’re not careful, you’ll continue the rat race until you’re unable to work in your old age.

Earning a salary seems exciting at first until you start paying for different things ranging from rent to electricity bill and black tax. However, you’re not alone in this circle. We’ve come up with some ideas on how to make your salary last for a month.

Here are 9 ways to make your salary last longer before the next payday.

  1. Budget ahead

Sometimes, one’s brain is suspended immediately after receiving the salary. You tend to throw caution to the wind. But if you’re serious about fixing up, you need to budget ahead before your salary comes in. Don’t leave anything out. From data to transport fare to airtime and food, and personal enjoyment, plan for everything. This helps you focus once you receive your salary.

2. Automate your savings

There’s always a temptation to go shopping once you receive your salary. But to stop this, use savings apps to remove a certain percentage of your salary. Experts advise that you save at least 30% of your income. But make sure you don’t have easy access to your savings to avoid temptation.

3. Divide your budget into weekly needs

Once you’ve removed your savings, calculate your needs for the whole month. Then divide whatever remains into weeks. You’re only allowed to have cash that would last for a week per time.

4. Start tracking your expenses

From that N200 airtime you bought from your bank to that carbonated drink, track all your expenses for the month. This would help you understand what’s taking your money and where you need to do better.

5. Avoid impulse shopping

You should stop buying things on impulse. Unless it’s an emergency, you don’t have to spend on anything you didn’t include in your budget. The question is, will you stop existing if you don’t buy that handbag or shoe?

6. Create homemade food plan

You have rice at home but you still choose to buy the same rice from a restaurant. You could save cost by cooking and eating homemade food. It’s a healthier and safer choice.

7. Leave social media

Radical results require radical choices. Your timeline is filled with shoes, bags and food vendors that tempt you to spend without thinking. You won’t even see your friend that bought a new dress since you’re not online.

So you don’t have to keep up with the Joneses. Your friend has Dangote friends, you don’t even know a local government chairman, you better sit in your house than spend your meagre salary at expensive restaurants.

8. Start a side gig

If your salary is not enough to fund your baby girl lifestyle, get a side income. You could turn a skill into a side gig. Probably turn your cooking skill into a catering job on weekends. That way, you have more money to spend.

9. Stick to your budget

Living on a budget is really hard. It requires discipline and consistency. Emergencies would also come up. So it’s nice to have emergency savings apart from your core savings. But with time, you’ll become more frugal and live debt free before your next paycheck.


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