I Tracked My Finances For 3 Months, Here’s What I Learned

September 20, 2018

“Money slow to enter, money quick to go.”

Those are M.I.’s opening lines from that 2008 song. It’s also how I describe my relationship with money. The same questions, every month; “Why am I getting debited because I crossed the road?” “Why do I get debit alerts because I inhaled too deeply?” “Is this money truly mine if it leaves me so quickly?”


I don’t know who, but someone said;

“To find a leak in a tyre, take the whole tyre, soak it in soapy water. Bubbles will reveal the leaks.” If this quote made any sense; yeah, I said it because I’ve seen a Vulcaniser do that. If it doesn’t, then I don’t know who said it. So, In June 2018, I decided to track every kobo I spent. I followed every trail; from transport money to food money, to even that 50 I spent buying Vicks on July 28 at a neighbourhood supermarket because they had no change.

I went all the way in, and what did I learn?

The method is as important as the experience itself.

Green says Incoming. Red says Why Me?

I use Spendee. It has a mobile and web app that’s always open on my browser. This means I have a tendency to record my spending at the speed of a tweet. I document my spending manually, and although it gets exhausting tracking down the last 52.50, it’s quite revealing.


Like writing a diary; a journal of your financial life. You write the good days. You write the days you were reckless and admit your foolishness. You write about how it cost you more with a cab because you were too lazy to walk to the bus stop. I filed them into categories; like Food, Transport, Subscriptions, and even Bank Charges.

I had bad days where I’d forget and drop out of my routine, but I had the hack for that too. I just go to my Google Maps, check my timelines. If I know where I go, I almost always have an idea what I spent.

My Village People are not the enemy.

When you step out of your house and your money just disappears, it’s not your uncle in the village taking your money. Dude, it’s you. It’s you who’ll buy expensive food outside when there’s rice at home.

As much as I’d have liked to track every kobo I spent in this period, I couldn’t account for a tiny part. What I couldn’t track, I dedicated it to my Village People, because someone who isn’t me must be blamed. But even In three months, what I couldn’t account for was negligible.



Maybe your uncle and aunty in the village aren’t so horrible after all.

For two weeks, I’m a Don. The Don.

25th of every month is Christmas day and Eid, combined. That’s when salaries get paid; in the 4th week. That salary week and the following week, my voice is deeper, because when you have money, you have bass. The 2nd and 3rd week are for asking why all the bad things in the world are happening to me.

It’s also the time I promised to do better again next month. Then alert enters the next week. Then my brain falls inside the toilet. Rinse and repeat.

Uber money and transport money are not the same thing.

I’ll more often than not be found hopping from Okada to Danfo, to Keke. But the money I spent on Uber alone? It was more than all my non-Uber movement, combined.


Everyone has expenses like this. Take food for example; what you’d normally spend on food will most likely be less than what you’ll spend fine dining. If you’re a restaurant hopper, you should consider splitting your regular food expenses from your restaurant’s. If something in a category of your expenses becomes too big, you should give it some autonomy and create a category for it.  

In time, the little things become big.

I tried to be more conscious about my big bills and tended to overlook the small. Those ‘tiny bills’ made up about 11% of all my expenses. So that quick snack, or that extra 500 might not mean much, but it pulls its own weight in the long run. The question is, if I don’t buy this thing will I die?

Tracking and discipline aren’t the same thing.

Because I could track everything, it still didn’t mean I was disciplined with my spending. What I was doing by tracking was cleaning up after I’d broken the china, not holding it with more caution. But it’s a start. It’s a great start.

“Do you know who you are? What is your name? What is your worth?”

I’m asking M.I. again to ask you; do you really know who you are if you don’t understand your finances?

I know I don’t spend as much on food as I thought; 8%. That slice will get thinner if I recite “There’s Rice At Home” 100 times every day.

I wanted to save an outrageous 50% of my salary so I can meet rent, but I failed. I’m still  going to meet rent anyway. I also know why I failed, and looking back at it, I know what I could have done differently.

Truth is, the only reason I can ‘look back at it’ is because I kept records. Period.

It’s also why it’s crystal clear what needs to be done now.  Budgeting.


Don’t overthink it. Find an app or a spreadsheet. Start from where you are, with what you have. You’ll do well. Don’t worry about everything that’s happened before today.

Let the first record be what you have now.

The only thing I miss from my pre-tracking days is finding money in my pockets. I don’t get to find money like that anymore, because I know where all my money is right now.

Join The Conversation

Bring a friend.

You'll like this

August 24, 2020

This weeks’ #Nairalife was made possible by FCMB’s promise of quality medical care from the comfort of your home. Let’s start from when you were tiny.  I used to help my mum at her store where she sold perfumes. Then she opened another store for kid’s clothing in the city we lived in.  What city?  Delta. […]


Now on Zikoko

Recommended Quizzes

October 29, 2019

We are going to be attempting to guess when you’ll marry based on your favourite Nigerian foods. What does your fave swallow have to do with when you’ll tie the knot? Please, don’t ask complicated questions. This quiz is rigorous and accurate (don’t quote us), so just take it already. QUIZ: Why Do You Have […]

November 28, 2019

There are so many talented and stunning Nollywood actors that make it hard not to fall in love with them. So, while we all know the likelihood of us ending up with any of them is super low, it’s still fun to imagine a world where we actually stood a chance, and that’s why this […]

October 30, 2019

Kemi Adetiba’s King of Boys movie got a lot of things right, especially casting, so yes, it was a monster hit. Now, we know you may not have put much thought to this, but the personalities of some of the characters closely match yours, and we would like to help you find the perfect match. […]

December 11, 2019

In the past month, we’ve made quizzes that guessed the last time you had sex, how many people you’ve slept with, and just how good you are in bed. For our latest attempt, we will use your taste in Nigerian music from the 2010s to ascertain what you’re like in bed. Take to find out:

More from Money

Graphic design with text a week in the life of an apprentice and an image of a sewing machine
October 4, 2022

18-year-old Susan* is learning to sew to keep herself busy during the ASUU strike. But in Nigeria, apprentices are at the mercy of their bosses. Find out why tailors lie and how she’s making the best of the ASUU strike in this week in her life.


Trending Videos

Zikoko Originals

September 13, 2022
Vs The World is a Zikoko original video series that follows best friends Astor and Hassan as they take on the world.
August 23, 2022
Zikoko Ships is a Zikoko Original series where we invite two people who share a relationship to play the Zikoko card games
December 14, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
November 2, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
October 26, 2020
A collection of videos documenting some of the events of the EndSARS protests.
June 22, 2020
'The Couch' is a Zikoko series featuring real life stories from anonymous people.
June 22, 2020
Hacked is an interesting new series by Zikoko made up of fictional but hilarious chat conversations.
June 4, 2020
What happens when a group of chatty young Nigerians talk about things they're passionate about? You get Nigerians talk. A show that discusses very familiar struggles for the average Nigerian. From relationship deal breakers to sex education with Nigerian parents to leaving Nigeria, be prepared for a ride.
June 2, 2020
Quickie is a video series where everyone featured gets only one minute to rant, review or do absolutely anything.
May 14, 2020
Isolation Diary is a Zikoko series that showcases what isolation is like for one young Nigerian working from home due to the Coronavirus pandemic.

Z! Stacks

Here's a rabbit hole of stories to lose yourself in:

Zikoko amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.