I vividly remember how my first year in the job market after NYSC went. I landed a job that paid ₦19,800 per month – far more than the standard entry-level compensation for my role in 2014.
I had no major financial commitments and I didn’t have to worry about black tax, unlike many Nigerian salary earners today.
So I went on a spending spree, splurging my earnings on anything I considered luxurious.
Life was good. Or so I thought.
My wake-up call arrived when a friend shared her success story with me.
In one year, she’d saved ₦500,000.
I was genuinely surprised. She didn’t even earn as much as I did. Yet she was able to save half a million Naira.
My friend’s achievement was so impressive that her mother pledged to top up her savings so she could buy a piece of land.
It was at this moment that my financial mindset got a reset. I learnt a crucial lesson:
You shouldn’t wait until you start earning big or until you become older to take financial discipline seriously. If you ignore the need to be financially disciplined now, it will become a bigger challenge for you in the future.
Today’s world is fast-paced and digital. We’re constantly juggling work, life, and finances. And the quest for the achievement of both financial security and peace of mind can be daunting.
Like the younger version of myself, you’re probably not sure where to begin your journey.
This is why I’m thrilled to announce to you the collaboration between Pade and Money Africa.
Via the newly launched Pade app, you will have access to expertly created financial articles and tools that will change how you manage your finances and help you achieve true financial freedom.
It’ll be what you need to become financially literate as a Nigerian salary earner.
In the coming weeks, the Pade app will be updated with resources on the latest financial trends, expert interviews, and success stories from individuals who achieved their financial goals.
Till then, remember my mistake.
Plan before you splurge.