Can someone with a monthly salary of 200k keep a small family in this economy?

[Bournesparks]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

[Gozie51]

Get married like paying for marriage rights for traditional and probably other marriage ceremony? Or you mean to keep a family?

Your question no dey clear. However, you yourself suppose fit answer your question by yourself base on what is around you and nature of things around you include the wife or family you have.

Maybe you have to make your post more elaborate so that people go know whether e worth to put mouth or not but for this one you suppose check by yourself, is not worthy for discussion here.

[Marvelockg]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

marriage is a not a do or die affair. If you earn up to 200k a month, you can plan a simple indoor marriage that's some how budget friendly  after which you go fix your home.

The issue is more about seeing a responsible land reasonable lady that is understanding enough to allow you work with your financial strength. If you've seen a good person that's ready to support and you're okay with her, you're good to go. Marriage is supposed to involve two adult coming together to live as one. If the person you're about marrying isn't doing anything to help the union financially, then you should give her sometimes to figure herself out and you can then decide on settling down. But don't be too nasty to settle down because you've seen a job that pays you 200k. Material for children is now too expensive so you need to use your head.

[Nheer]

Should this even be a discussion here? Don’t bring up topics that are not worthy of discussion just to increase your post count and activity, it is called spamming and it’s not allowed.

I know our country’s economy is bad that 200k seems to be a small money and is barely enough to cover our daily expenses but i think this is a personal question that everyone should answer by themselves because we have different lifestyle, different priorities and also the number of family members can have effect as well. I am not sure the context of marriage you are referring to, do you mean enough to cover marriage ceremony expenses or enough to sustain you and your wife after marriage?

I don’t think the amount will be enough to cover marriage ceremony expenses but i still depends on how large you want to celebrate it. I think 200k should be enough to sustain you and your wife after marriage but it would still depend on the kind of life you want to live but for an average lifestyle the amount should be enough to provide gor your family.

We have seen people who earn less and still get married so you just have to cut your coat according to your size.

[knowngunman]

Get married like paying for marriage rights for traditional and probably other marriage ceremony? Or you mean to keep a family?

Your question no dey clear. However, you yourself suppose fit answer your question by yourself base on what is around you and nature of things around you include the wife or family you have.

Maybe you have to make your post more elaborate so that people go know whether e worth to put mouth or not but for this one you suppose check by yourself, is not worthy for discussion here.

I am not sure the context of marriage you are referring to, do you mean enough to cover marriage ceremony expenses or enough to sustain you and your wife after marriage?

I think the question op ask is very precise and clear but you both are making another question out of his initial question. The topic clearly says if 200k is enough to keep a small family in this economy and not talking about getting married. Actually the thread is inconsequential and not worthy of discussion here but for the sake of engagement let me briefly share my opinion.

Op, I understand our economy has nothing to write home about currently but 200k is still a significant amount and we go along way in keeping an average family so long the family is not over populated and you don't bite more than you can chew. Take a look around your surroundings and tell me how many people earns more than that per month. They are just few, majority earns below that amount but still living not too bad. Keeping a family is not actually about how much you earn, it's about how well you plan and grace of God.

Edit: I just noticed that Op edited the thread.

[Zanab247]

I believe you no that #200k monthly salary is a big money in this country and, it can reach you to feed your family well and still have some saving in your bank account to invest in BTC to also have something good to earn that will increase your money to enable you to have many sources of income in the country.

If you are living in the most expensive State in this country, I don't think that the money will reach you to keep your family well in this hardship because, the price of things in the country has double up which it will not allow you to sustain the family the way they want in this economy.

[Charles-Tim]

Get married like paying for marriage rights for traditional and probably other marriage ceremony? Or you mean to keep a family?

Maybe he edited the post and make it clearer. He is talking about family and not marriage. You are not wrong by saying he can make conclusion from what is around him. We do not know if he is living in a city, town or village. We do not know how many children he has. So we can not perfectly have answers to this question.

Should this even be a discussion here? Don’t bring up topics that are not worthy of discussion just to increase your post count and activity, it is called spamming and it’s not allowed.

It belongs to societal discussion and which we can have on this local board. Something like this are welcome. You can easily know from how this forum is.

[DaNNy001]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

Omo it's depends sha, because many factors sef dey to consider when you talk about this matter and I believe some of them has been dropped by others. 200k currently now in this country na almost nothing but if you are staying maybe in a rural place with maybe atleast where the cost is somehow reduce then I believe the person fit manage and also it depends what you define or call as a small family, if na the one with mother, father and child or children ^{maybe two or three} then it's still possible with strick planning and also side hustle involved in the monthly salary.

[Uhwuchukwu53]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

Op this your topic is confusing are trying to get married or you have family but earning that amount to sustain them or what, I can't say your topic is categorically design for this place I stand to be corrected but my opinion to you is that everything is base on individual.

Person can have 200K salary and manage with it's family some many have above and can't still survive with it . But another thing you should know is that people are still surviving with family who don't even earn salary upto 50k monthly even some rural area where they are not civil servants that earn no salary still survive with family all depends on you.

Should this even be a discussion here? Don’t bring up topics that are not worthy of discussion just to increase your post count and activity, it is called spamming and it’s not allowed.  

Your very correct deviating from rules and spamming is serious offense in the board, well they way many think why creating post differs but let the post be related to the purpose of the forum or educate people in the forum.

[SmartCharpa]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

It depend on how the person take dey spend his own money. 200k no be small money before someone to get job wey go pay am 200k monthly no dey easy for this country. The money go dey enough to feed a family, abi na the whole community person want to feed? Where person wey dey earn 200k monthly go ask for someone daughter hand in marriage now wey dey no go give am? If person have a good behavior they cannot even think of it twice because they know say him get better job already. In my opinion, if anybody wey dey earn this kind of money monthly and still complaining that the money no dey enough to feed family, i think the person have other things doing wey dem dey spend their money on, like getting addicted to a gamble, taken different type of girls or they use to borrow a lot of money before they receive salary at the month.

[Cryptomultiplier]

Your thoughts right now depends on how you as an individual handle money. Are you financially responsible?
You have to travel to different places in the country or better still listen to stories of real persons who came from poor homes with more than 7 siblings at least and little assistance from the father.
In this same country people still earn nothing up to 50k and still manage to do fine at least. Infact, how much is the minimum wage?

All am saying is, plan well, cut your coat according to your cloth and invest in making yourself and wife of much value and see how wealth locates your family.

[Pi-network314159]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

For sure 200k is enough, what about those that receive less than #50k yet they are taking care of their families. Although the life such people are living is a difficult life because you will age quick with such job. So what am saying in essence is that if a man with 2 to 3 children with a salary of #50k or less, can manage and survive I dont see reason why someone cant mange #200k to raise a family.

[Barikui1]

Why not, in as much as the Nigerian economy is not friendly and price of goods and services are going up almost everyday, that wouldn't change the fact that 200kis a very good amount of money that can keep a family going, besides, if you look around you, their are families that earn way less than that , and they still live well without disturbing anyone, so I believe that 200k will be enough to run a small family now, regardless of the current economic situation in the country now, so what I believe that is the key is all this is proper money management strategy,  anyone that can manage his money properly, can run a family even with 100k.

[Nonstop_H]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

Sorry I don't really get your point, I don't even have anything to say about this post because I don't know what you are trying to explain, though we know things is very hard in this country, At least try to be specific.

[Marykeller]

Why not? Them suppose to since em get people wey dem d pay less amount as salary for these our country, and they are still surviving despite the hardship for the country. Come to think of it, Nigeria's minimum wage na wetin? No be 35k. Em no get some people wey d collect little or above the minimum wage and they are still coping and managing with their family.
 
Wetin I go fit advice peso at this time wey d economy of the country no d friendly for survive na to have other source of income and to cut down unnecessary spending wey go make them spend beyond their limit. This time no be the time to depend on monthly salary wey no go reach anywhere.

[AVE5]

This question has been bothering me for a while. Hence I brought it here. With the way things are right now in Nigeria. Is it possible??

Yes, just ask you said SMALL FAMILY. But it's going to depend on the quality and level of living you want to live with your family. That's to say if your family expenditure budget is above #200,000 then the system is not good for you. The #200,000 mentioned here would never be a problem in this circumstances because there are also people who earns triple to the same amount but can't still maintain one of such small family.
So it's just up to you to understand what your tastes for live in the current time of your earning would be.
Meanwhile if you could afford such amount of money and has sighted that it wouldn't be enough for you after you may have done your researches then I'd advice you just get diversifying your incomes to bitcoin investment where you could learn on with a good hope that your tomorrow would be better of not only depending on your salaries.

[Obim34]

Let's be honest, a 200k monthly salary is not a small money, anyone earning such is even more than an average earner so I say it will be enough to handle family expenses for a month and still have savings. Once we have a family we carter for and a prominent source of income the first thing we should understand is knowing how to manage the home, involving how to spend money, it's necessary to stop every lavish lifestyle unlike not having a family yet.

[Adams0001]

Let's be honest, a 200k monthly salary is not a small money, anyone earning such is even more than an average earner so I say it will be enough to handle family expenses for a month and still have savings. Once we have a family we carter for and a prominent source of income the first thing we should understand is knowing how to manage the home, involving how to spend money, it's necessary to stop every lavish lifestyle unlike not having a family yet.

Sure, 200k is a lot of money, but even individuals who make less are able to feed their families and be satisfied. So 200k is enough to feed your family, i.e. your wife and children, not your relatives, unless you are the one who has many children who will declare 200k is insufficient to feed his family. If someone has a lot of experience, I am confident that he will not complain about the money being collected since his salary is low He will get a budget for purchasing items that will be covered by that particular amount of his salary.

Anyone that as family, I am very sure he has something doing that will help to feed his family with it. Some are looking for the 200k, but they don't have it, they are managing the one dey have still. Even though prices of products are raised in the country,  God will continue to provide for everyone of us and appreciate what little we have. We simply wish that the country will improve quickly and change everything, before then, items did not increase in price if you receive that 200k omo, you will be wealthy because you will be able to buy many things, including real estate, and make an investment.

[Obim34]

Let's be honest, a 200k monthly salary is not a small money, anyone earning such is even more than an average earner so I say it will be enough to handle family expenses for a month and still have savings. Once we have a family we carter for and a prominent source of income the first thing we should understand is knowing how to manage the home, involving how to spend money, it's necessary to stop every lavish lifestyle unlike not having a family yet.

Sure, 200k is a lot of money, but even individuals who make less are able to feed their families and be satisfied. So 200k is enough to feed your family, i.e. your wife and children, not your relatives, unless you are the one who has many children who will declare 200k is insufficient to feed his family. If someone has a lot of experience, I am confident that he will not complain about the money being collected since his salary is low He will get a budget for purchasing items that will be covered by that particular amount of his salary.

Anyone that as family, I am very sure he has something doing that will help to feed his family with it. Some are looking for the 200k, but they don't have it, they are managing the one dey have still. Even though prices of products are raised in the country,  God will continue to provide for everyone of us and appreciate what little we have. We simply wish that the country will improve quickly and change everything, before then, items did not increase in price if you receive that 200k omo, you will be wealthy because you will be able to buy many things, including real estate, and make an investment.

I see people who uses nothing more than 100k to feed their family and not go to bed on empty stomach, many still lack proper household planning, they just wake up In the morning with no plans just any way the day decides on them they sucom to it whereas costing them much more than they should have. God will definitely and only help us if we aswell try to help ourselves by doing what's expected.

[Gormicsta]

Let's be honest, a 200k monthly salary is not a small money, anyone earning such is even more than an average earner so I say it will be enough to handle family expenses for a month and still have savings. Once we have a family we carter for and a prominent source of income the first thing we should understand is knowing how to manage the home, involving how to spend money, it's necessary to stop every lavish lifestyle unlike not having a family yet.

I couldn't agree more with you on this, you've really made a very notable point on financial literacy and responsible spending when one has a family. Of a a true, 200k might appear to be a lot of money and it can really go a long way, but it's also very important to be mindful of how the money is being spent. In the hands of a reckless spender, 200k is nothing but just a change that wouldn't even last up to a day in their hands, they have the habit of spending more than they're supposed to, just to fund their luxurious lifestyle and before it's even half of the week, the money is all gone and they'll start borrowing and when the next salary comes, they use it to settle the loans they collected.