There a lot of ways to waste money you could spent on something useful. Lets mention the most popular methods.
It was counted that approximately all citizens of Lagos spends N40 billion for parties. And often there is no sense in them. Usually these parties even don`t add some value either to guests and hosts.
Brands and labels addiction
Some people are to addicted on brands and labels. But sometimes you can save more than 80% on some product if you chose something less known. And furthermore, you will get the same or even better quality. It also concerns some grocery stores and supermarkets. The prices on some goods there might be different.
Paying for ashoebi you would wear only once
It is a great problem for families who don`t have a lot of money but want to impress their friends and relatives on some holidays. So they waste money of some clothes elements they would wear only one time.
Having a lot of cars
Once your car is taken from a salon or a show room it loses nearly 20% of its value. One car is needed but a whole bunch of them is truly unnecessary. It drains a lot of money on tech support, insurance, licensing from you.
Cigarettes and alcohol
These habits are draining a lot of money from you if you are addicted. Furthermore they damage your health what is much more worse. Cigarrets can drain out of you not only your lungs but N6,000 monthly.
Stop lending. You should remember one rule – never lend a sum of money you can`t forget about. Of course it doesn`t concern your closest relatives and best friends. But all of us have some guys who are always asking for some money.
If you can name some other ways you can share them in the comments below!