It is a known fact that a substantial percentage of Nigerian Graduates are Unemployed, and from the few that do have jobs, many of them are underemployed and payed stipends that barely see them through to the end of the month. Here are 10 ways you can maximize your low income.
1. Cut your cloth according to your material. Acknowledge the fact that you earn a low income, don’t spend above your means. Minimize your spending as much as possible. Bare in mind that your current status is only for a while, you will blow eventually.
2. Try as much as possible to ensure you do not spend too much on transportation. Transportation as we all know takes up a great chunk of ones earnings most of the time. If possible find someone who owns a car and plies your office route, and tag along with them. You have to be jovial, and make them like you, so that you wont be a burden, but rather good company.
3. If you are ever going to break out of your tight financial situation, and not be the type of person who lives from hand to mouth, you need to develop a culture of saving, yes! you need to save. No matter how little, you can make up your mind to save between 10 and 20 percent of your earnings. In the event that you lose your job, or an emergency comes up, you will have something to fall back on.
4. Pay your Tithe and Give cheerfully. The saying “Givers Never Lack” is one of the most accurate sayings ever. Try it and you will be surprised, it works like magic!
5. Dedicate a Fraction of your stipends to self development. Your chances of getting a better paying job will definitely increase if you have more skills, certifications, etc.
6. Check your Relationships!! Guys, is your girlfriend milking you dry? Girls, is your boyfriend feeding of you continously? The hard truth is that if you are going to move ahead, you need to cut off those that are constantly pulling you back. If they truly cared about you, they wont keep demanding, knowing fully well you don’t earn that much.