Vol 43 | 28-08-2023
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Today’s Naira Life explores a topic I find very fascinating — lifestyle inflation/creep. You know, it’s wild how this happens. One minute, you swear you cannot spend x amount of money on something because “it just doesn’t make sense” or “I can survive without it”. One income jump or a new job later, you’re like, “Actually, it doesn’t cost that much.”
Take the 23-year-old in this Naira Life, for example; he went from being frugal to splurging ₦500k on perfumes and $400 on sneakers monthly.
And all it took was one remarkable income jump.
Let’s get into it.
In this letter:
- #NairaLife: The Tech Millionaire Battling Lifestyle Inflation
- Love Currency: Dating in Port Harcourt on a ₦249k Lab Scientist Salary
- Money Meanings: “Lifestyle Inflation”
- Game: #HowMuchLast
- Where The Money At?!
The #Nairalife of a Tech Millionaire Battling Lifestyle Inflation
From selling stationery in secondary school to playing college basketball and academic writing, this 23-year-old knows how to make money. His most significant income growth? Landing a $5k/month product design job on Twitter. Now, he’s battling lifestyle inflation and spending money as it comes.
This is his #NairaLife
Some other great money articles you should read:
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Dating in Port Harcourt on a ₦249k Lab Scientist Salary
Peace started saving in her little pink purse when she was 10. At 23, she’s working two jobs, saving over half her salary and making japa plans. Where does her long-distance boyfriend stand in all these?
An excerpt: “In September 2022, my boyfriend asked me to visit him in Ghana. I told him I couldn’t go until he asked my mum. My mum knew about him because she’d heard my sister and uncle joke about him. She also met him during my induction in September 2021, but you know Nigerian mothers. She said she read a WhatsApp BC where a man murdered his wife during a trip to Ghana. It took plenty of begging and convincing from my sister and uncle before she agreed. My boyfriend paid for the whole thing.”
Money Meanings
Game: #HowMuchLast
#HowMuchLast is a game where we show you an item and you tell us (and the world) the highest amount you’d pay for it.
Some weeks will be Okin biscuit, some others will be SUVs.
Sneakers never go out of style. This week, let’s see how much you’re willing to pay for a pair ofcomfortable sneakers.
What’s the most you’d pay? Tweet at us here.
Where The Money At?!
We can’t say we’re about the money and not actually help you find the money.
So we’ve compiled a list of job opportunities for you. Make sure you share this with anyone who might need it because in this community, we look out for each other.
Again, don’t mention. We gatchu.
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All good things must come to an end. But not this good thing. We’ll be back next week.
In the
meantime, keep reading Zikoko’s articles and be sure to share the love.
Till next week…
Yours cashly,
Toheeb,
Zikoko’s “OG” Mr. Money
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