Personal Business About Us Get in Touch Blog Careers



How To Plan Your Salary When It Comes

posted on Dec 11, 2023 |   1090 likes


A Step-by-Step Guide to Effective Financial Planning"


Let's dive into the art of managing your salary like a pro. Here's a go-to guide to help you consistently craft a smart salary plan:

1: Assess Your Income

Understanding exactly what you earn after taxes and deductions is crucial. Knowing this is important to know how much to allot for each list within your plan.

2: Identify Essential Expenses

Break down essential expenses, i.e. housing, utilities, groceries, and transport. Input your monthly costs and see how they stack up against your income. This helps you to identify whether you are overspending or underspending.

3: Allocate for Savings

Saving isn't an afterthought; it's a priority. Discover various savings strategies like automated transfers, emergency funds, retirement accounts, and create your savings plan in real-time.

4: Plan for Debt Repayment

Got debts? No worries! Strategize on allocating funds to repay these debts without compromising your other financial plans.

5: Consider Future Goals

Dreaming of a vacation, a new home, new car or furthering your education? Map out how you can set aside funds for your aspirations without straining your budget.

6: Track and Adjust

Use tools and tips for tracking your spending against your plan. Learn how to adjust and stay on track to reach your financial milestones.




How to Avoid Spending Your Salary on Unnecessary Things

Still within the subject of personal finance, managing spending habits is key to securing financial stability. When it comes to our hard-earned salaries, avoiding unnecessary expenditures can make a substantial difference in achieving our financial goals. Here's a strategic approach to circumvent overspending:

1. Define Financial Goals

Identify essential goals, such as building an emergency fund, paying off debts, or saving for specific milestones.

Visualize the long-term benefits of responsible spending aligned with your financial aspirations.

2. Craft a Detailed Budget

Segregate expenditures into necessary (e.g., utilities, groceries) and discretionary (e.g., dining out, entertainment).

Designate specific amounts for each category, ensuring essentials are prioritized while allowing for some discretionary spending.

3. Avoid Impulse Purchases

Pause before making non-urgent purchases. Delaying allows time to reconsider the necessity of the item.

Plan purchases in advance and stick to a list to avoid buying items on a whim.

4. Implement the 24-Hour Rule

For non-urgent items, give yourself at least 24 hours before making the purchase. This time frame helps differentiate between impulse and deliberate buying decisions.

5. Distinguish Between Wants and Needs

Before buying, question whether the item is a necessity or merely a desire. Focus on fulfilling needs first before indulging in wants.

6. Set Spending Limits

Define limits for discretionary spending categories each month to prevent overspending.


In conclusion, mastering the art of avoiding unnecessary spending, discipline and mindfulness are pivotal. By aligning spending habits with financial aspirations and exercising control over impulses, it becomes feasible to secure a financially stable and fulfilling future. Here at

Page Financials, we can help you achieve that goal.

To access hassle-free low interest rate loans in hours, visit www.pagefinancials.com to get up to 5 million Naira today.

For further inquiries on investment packages, contact us on 09036883955 or send a mail to wealthmanagementclients@pagefinancials.com today.

For further inquiries call 01700-7243, or send an email to customer@pagefinancials.com to get started.

Click HERE to apply now.


Post Categories

Finance (97)
Innovation (4)
Inspiration and You (150)
Budgeting (9)
Loan (19)
Investments (8)
SME Facility (2)
Awards (1)