Here’s Yours & Here’s Yours!

Truth be told, today’s topic is one that I know is quite important in order to be fit- financially fit that is. But boyy do I sometimes try to dodge from it and just indulge! The gag is though, after indulging what’s next?


Hmm… So today, I want to discuss money. Yep! Money and budgeting. In particular, a method of budgeting called Zero based budgeting. I learnt about zero budgeting sometime in 2017 and it has truly helped me spend better and achieve certain saving goals I had set. I hope it can help you too.

You see money is ACTIVE! Very active, and so needs to be handled with caution as it can easily be mismanaged. Budgets exist primarily to help us have control over our finances. They help us to be intentional about our spending and saving habits amongst other benefits.


Zero based budgeting is a budgeting method where all expenses are accounted for/ provided for, for each period until all the money that is available to be spent has a job assigned to it.


In simpler terms, it encourages planning for all your costs (at least those we can think of) with the goal of getting your spendable income and costs to equal zero. The point zero is where we want to arrive at with our budget.


Before developing a budget, the first step to proper money management would be to determine what you have. Know your stuff people! Know what you have. What you have may not be what your best friend has.

Please be careful not to live another person’s life; know your limits and work with it. After determining what you have, then you can begin to develop your budget; and because I love examples I will use one to buttress my point further. For this example I will make use of the U.S dollar (no particular reason or maybe world currency lol).


Alright, let us imagine that I receive $1500 a month. Of that, I first set aside a percentage towards my savings because you spend after you save and not the other way around (plus I encourage saving regardless of age or how little you may be putting aside. Every little counts (lol hello Tesco)).


Okay, so say I take 30% towards my savings, it means I am left with $1050 to spend for the period so my budget can look something like this:

The point ‘0’ is our where we are looking to arrive at so that there are no loop holes for indiscipline/ frivolous spending. Every dollar has its purpose and we work with it. Please note that the table above is just a rough sketch. No actual prices have been consulted. I have just put together relatively basic expenses for example purposes.

It is very likely that an actual budget may include more (or fewer expenses). For instances some ladies may include hair and nails, other people may include new clothes or a new outfit for an upcoming event. In fact special giving’s and unpaid debts (maybe a loan from a sibling) might be included in some individual’s budgets. It all depends on the individual and their various expenses.


I am not saying be a slave to your money; you earned it, it did not earn you. What I am saying though is that everything of value requires close reasoning and so because it is in your hands doesn’t mean you should spend it recklessly-No, assign purpose to it so you know what it is meant to do for you. What I am also saying is that to be financially fit, saving is advisable. It may seem like nothing now but sometime in the future you will be glad you started. Save to secure your future regardless of how little it is you are saving.


In conclusion, money is a very powerful tool, budgets helps us manage our money better. So because you are not yet the Chief financial officer of that big multinational does not equate to not being careful about managing your finances properly.


Learn to manage the money you have now properly or else the lack of it will always manage your life. I hope you learnt something from this and if you have any other questions you can always reach me on my contact below. Looking forward to hearing from you.


Osiepere Lawani



  • Oseka
    January 10, 2019

    So insightful

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