In Nigeria, budgeting isn’t just about your own needs—it often includes school fees, rent, and the ever-present” (supporting extended family). It’s a real struggle, especially when income is limited and responsibilities are many.
So, how do you manage it all without losing your mind—or your money?
1. Prioritize Your Expenses List essentials first: rent, school fees, feeding, transport. Know the difference between urgent and important.
2. Set Boundaries—Respectfully Supporting family is noble, but you can't pour from an empty cup. Be honest about what you can afford and stick to it.
3. Create a Monthly Budget Use a simple budget to allocate income across all responsibilities. Track every naira. Every.
4. Save for Recurring Big Bills. Don’t wait for term time or rent deadlines. Save gradually through automated plans like those from e-Barcs Microfinance Bank.
5. Explore Additional Income Streams Side hustles or digital skills can provide that extra buffer.
Budgeting with family responsibilities is tough—but with discipline, planning, and the right tools, it’s possible.
The e-Barcs Combo and Combo+ Savings Accounts are your go-to options for smart saving — offering attractive interest rates to grow your money. With these accounts, meeting your financial responsibilities becomes easier and stress-free.
To open any of the e-Barcs combo or combo plus accounts kindly download our Mobile App by clicking on the links below
Android :https://bit.ly/4eb5PFq
Call: 07074770560 | 🌐Visit: www.e-barcsmfb.com
Download the e-Barcs app today on Google Play or the App Store Call: 07074770560 | Visit: www.e-barcsmfb.com
#FamilyFinance #eBarcsMFB #SmartBudgeting #BlackTaxWisdom.
ONU QUEEN