It is no
longer news that financial noose has
been tightened around the neck of Nigeria economy.
In a time of
Change, there is the need for attitudinal twist to avert being swept away by
sudden economic tide.
1. If you are an applicant take the next
available offered job even if it is below your dream job.
2. Buy only items that are considered as
necessities. Postpone all luxurious articles till later dates.
3. Forget about living a life to satisfy
others' expectation at the expense of your purse, income or convenience.
4. Avert taking unnecessary risk in your
place of work or business that has the possibility of making you loose your job
or major client.
5. Be committed to your profession, job or
business more than ever before.
6. Re-evaluate your recurrent expenditure
pattern like children school fees and effect necessary changes if found beyond
your income line.
7. If you are blessed with many cars try
and use those with less fuel consumption capacity. You may have to combine
outings instead of members of the family taking different cars out for
combinable outings.
8. Except you can afford it, resist all Aso
Ebi or color of clothes made mandatory by a person inviting you to a ceremony. Nobody will
prevent you from entering the venue even with odd dress.
9. Avert social functions that will tell
terribly on your finances in terms of distance and the content of the
Programme. Why not just send 'envelope' to the organizer instead.
10. Let those asking you for money know
that things are no longer the same: stop pretending at your expense. Stop
suffering in silence. When the chips are down you will be alone.
11.
Notwithstanding any promise to the contrary, avoid lending money to anyone an
amount which if you don't receive on time will hurt your financial stability.
Many friendly loans will be irrecoverable now as many expectation will be
dashed.
12. If you are a tenant living in a rented
palatial apartment with many rooms left unutilized, it is high time you get a
smaller accommodation.
13.
Where the house is yours and most of your children are adult leaving you and
your spouse in a big apartment with less than half of the house being utilized,
quickly consider modifying the house into smaller units with the possibility of
earning rental income.
14. Plan only on funds at hand, avoid
permutations based on promise made by others. In a time like this, the promisor
may fail.
15. Where it is possible, talk things over
on phone with people rather than putting your car on the road for physical
meeting. In addition avoid endless fruitless banters on phone. Be conscious of
the call card cost and data usage.
16. If you have a large retinue of
hangers-on around you reduce the frequencies of meals.
17. Shut all lights that are not required
in your house to minimize the energy bills.
18. Do more physical exercise to minimize
constant requirement of drugs. Learn to trek short distances, it helps to
improve your health and relive you of avoidable small expenses.
19. If the regular food in your house is
becoming dearer look for alternative. For instance yam is a substitute for
bread in the morning
20. If you will bear heavy responsibility
in an event, insist on moderate programme in line with the amount you could
afford, you could safe some finances.
We shall
surely overcome this recession period by God's grace!
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