1. Unnecessary Parties
It is estimated that Lagosian's spend close to 40 billion naira annually on parties alone .
analyst have argued that most of these parties are completely
unnecessary and most times do not add value to either the host or the
2. Insisting on Designers, Labels, and Brands
From groceries to clothing to prescription drugs, you can save money by
choosing an off-brand over a fancy label. And in many cases, you won't
sacrifice much in quality. Clever advertising and fancy packaging don't
make brand-name products better than lesser-known brands.
For example, generic drugs can cost as much as 80% less than their brand-name alternatives.
3. Shopping at the wrong store
you are Particular about price then don't just walk into any store , a
Bottle of drink at MM2 will cost you almost thrice the amount you buy it
at your neighborhood fast food outlet , a supermarket in victoria
Island will not sell Gala at the price you get it in Oshodi
4. Paying for "ashoebi" you may Never wear again,
almost all weddings, burials,Birthdays and even naming ceremonies now
have a uniforms which organizers use in adding color and or liquidating
their guests ! This is one of the Biggest drain pipes in most low income
Families who can hardly afford three square meals but are willing to
mortgage their 5 months salary for a 2 hours programme!
5. Maintaining a Fleet of Cars
people keep a fleet of car to show the world they have arrived ,
However they fail to realize that their cars start diminishing in value
the moment they drove out of the show room . The Insurance ,licensing ,
and maintenance is an unnecessary expense for a vehicle you drive once
in a month!
6. Multiple Girlfriends or Sugar Boys.
are wonderful creatures, history is replete with men who died because
of women only to have those women become concubines of the men who
killed their lovers .
A Man with a retinue of girlfriends will have
to Buy Credit for Shade , change wardrobe for Ngozi and pay house rent
for Fatima all these add up to keep the young mans account in perpetual
In the same vein women are reinventing slavery but this
time on a different dimension, they have mastered the act of keeping
"Bingos" whose only duty is allegiance to the Bosom of a woman old
enough to be their mothers .
One peculiar thing about these
"bingos" is the Fact that they have taste as such keeping many "Bingos"
sometimes leave a tsunami effect on the bank account !
7. Leaving Your Money in a Low-Interest Account
you're stashing your cash in a traditional savings account earning next
to nothing, you're wasting it. Make sure you're getting the best return
on your money. Fix any money you don't need and earn good returns from
your bank instead of paying account management fees to a bank which
charges you for using your money.
8. Not Pulling the Plug on Electronics
If you use a prepaid meter this is one of the reasons your credits develop wings.
Electronics that have a clock or operate by remote are typical
culprits. The obvious way to pull the plug on your energy vampires is to
do just that -- pull the plug. Or buy a device to do it for you, such
as a Smart Strip Power Strip which will stop drawing electricity when
the gadgets are turned off and pay for itself within a few months.
9.Buying at the Wrong time !
mistake could some times have devastating effect Its is dangerous to
Buy a Land or House during dry season because the area might be prune to
floods or the Land could be waterlogged .
Building during raining season on the other hand also has some advantages
1. Cost of Building materials especially cement falls
2.Molding Blocks and water supply for concretes works could be made easier especially for those in arid areas
10. Borrower !
Pls Borrow me =N= 500,000 I have a business deal I must close tonight?
Many people have lost millions and made great and wicked enemies just because they choosed to help.
The wisdom here is never lend out an amount you are not willing to forget!
Any business that is too good to be true is too Good to be legal!