HOW TO SURVIVE WITHOUT SPENDING CASH AT ALL!

Mark Boyle

I once did a post on how to live without spending cash. And I have posts giving 101 tips on spending less cash in Nigeria.

Now, the question is this- IMAGINE YOU ARE PREVENTED FROM BUYING AND SELLING, HOW LONG CAN YOU SURVIVE WITHOUT SPENDING CASH?

In this post, I will show you examples of people who have lived many years without spending cash, with hope of helping us find ways of surviving without spending cash.

And there are now many online communities dedicated to doing this globally.

Let us check this out together with some useful ideas.

HOW TO SURVIVE WITHOUT SPENDING CASH AT ALL!

Mark Boyle

I once did a post on how to live without spending cash. And I have posts giving 101 tips on spending less cash in Nigeria.

Now, the question is this- IMAGINE YOU ARE PREVENTED FROM BUYING AND SELLING, HOW LONG CAN YOU SURVIVE WITHOUT SPENDING CASH?

In this post, I will show you examples of people who have lived many years without spending cash, with hope of helping us find ways of surviving without spending cash.

And there are now many online communities dedicated to doing this globally.

Let us check this out together with some useful ideas.

Credicoins Network Ltd Financial Education Articles

This blog has really suffered because of the offline work I am doing for the new company Credicoins Network Ltd. My budget is in millions of dollars (billions of Naira) as I am targeting the whole continent, so you know I have to be on top of my game, research-wise, as I don’t want to lose or waste investors’ money. I also don’t want this dream to fail.

Below are a few samples of the personal financial articles our network marketers (to be called PF Coaches) will be using to sell a savings culture. They are all topics I have covered fully in the last 5 months on this blog. At the outset, we'll print them into foldable leaflets, and translate them into the four major Nigerian languages- Pidgin, Yoruba, Igbo and Hausa.

The graphics artist and our cartoonist will be working together to bringing them to life with ample pictures/cartoons. And you know Nigerians don’t like to read long articles, so I have kept them short unlike my blog posts.

Hopefully, they are concise enough to drive home our simple message, and help us effectively get probably just one African living under $2 daily to SAVE REGULARLY BY PAYING HIM/HERSELF HOURLY for life- taking him/her and the family from poverty to wealth.

I must confess that the book ‘Poor Economics’ has really, truly enlightened me more about poverty, and broadened my horizon with its true-life stories, researches and facts. I wholeheartedly recommend it.

Credicoins Network Ltd Financial Education Articles

This blog has really suffered because of the offline work I am doing for the new company Credicoins Network Ltd. My budget is in millions of dollars (billions of Naira) as I am targeting the whole continent, so you know I have to be on top of my game, research-wise, as I don’t want to lose or waste investors’ money. I also don’t want this dream to fail.

Below are a few samples of the personal financial articles our network marketers (to be called PF Coaches) will be using to sell a savings culture. They are all topics I have covered fully in the last 5 months on this blog. At the outset, we'll print them into foldable leaflets, and translate them into the four major Nigerian languages- Pidgin, Yoruba, Igbo and Hausa.

The graphics artist and our cartoonist will be working together to bringing them to life with ample pictures/cartoons. And you know Nigerians don’t like to read long articles, so I have kept them short unlike my blog posts.

Hopefully, they are concise enough to drive home our simple message, and help us effectively get probably just one African living under $2 daily to SAVE REGULARLY BY PAYING HIM/HERSELF HOURLY for life- taking him/her and the family from poverty to wealth.

I must confess that the book ‘Poor Economics’ has really, truly enlightened me more about poverty, and broadened my horizon with its true-life stories, researches and facts. I wholeheartedly recommend it.

101 Ways To Spend Less In Nigeria (final)

TRAVELLING

100. Book online way ahead of the time you will travel, instead of going to book on that day at the airport. It is cheaper to book your flight days before your due date, especially if you are not using a travel agent and you already know the day you are going. Booking one day earlier might save you N10, 000 or more.

101. Be vigilant when giving your passport to the immigration personnel at the airport: I read somewhere that unsuspecting travelers leaving a country could have a vital page torn from their passports by the immigration official while they are not looking,

101 Ways To Spend Less In Nigeria (final)

TRAVELLING

100. Book online way ahead of the time you will travel, instead of going to book on that day at the airport. It is cheaper to book your flight days before your due date, especially if you are not using a travel agent and you already know the day you are going. Booking one day earlier might save you N10, 000 or more.

101. Be vigilant when giving your passport to the immigration personnel at the airport: I read somewhere that unsuspecting travelers leaving a country could have a vital page torn from their passports by the immigration official while they are not looking,

101 Ways To Spend Less In Nigeria (85-99)

BANKING, INVESTING

85. If you are opening a domiciliary account, attach it to a savings account: Opening your Dorm account with a savings account will help you avoid the cost associated with operating a current account.

86. Use a savings account for your business deals instead of a current account: while you can only operate a salary account and a company account with a checking/current account, if you need another account for other businesses, use a savings account for the interest that will accrue. These days many people use internet banking to transfer fund instead of their check books. Also, ask your bank for a higher savings deposit/fixed deposit interest rate, you never can tell what they will give you because you ask and are willing to negotiate.

101 Ways To Spend Less In Nigeria (85-99)

BANKING, INVESTING

85. If you are opening a domiciliary account, attach it to a savings account: Opening your Dorm account with a savings account will help you avoid the cost associated with operating a current account.

86. Use a savings account for your business deals instead of a current account: while you can only operate a salary account and a company account with a checking/current account, if you need another account for other businesses, use a savings account for the interest that will accrue. These days many people use internet banking to transfer fund instead of their check books. Also, ask your bank for a higher savings deposit/fixed deposit interest rate, you never can tell what they will give you because you ask and are willing to negotiate.

101 Ways To Spend Less Cash In Nigeria (69-84)

PARENTING

69.  Use old fashion washable cloth nappies instead of disposable diapers: I know it is more time consuming and dirty to be washing nappies, but if our mums didn’t die changing our cotton nappies, then we can save more by going their way too.

70.  Buy your children’s school materials long before school resumes: shopping for the school season should be done ahead of the season to beat demand, and save you some bucks. Also do most of their Christmas shopping ahead, leaving only few items till the holiday season proper.

101 Ways To Spend Less Cash In Nigeria (69-84)

PARENTING

69.  Use old fashion washable cloth nappies instead of disposable diapers: I know it is more time consuming and dirty to be washing nappies, but if our mums didn’t die changing our cotton nappies, then we can save more by going their way too.

70.  Buy your children’s school materials long before school resumes: shopping for the school season should be done ahead of the season to beat demand, and save you some bucks. Also do most of their Christmas shopping ahead, leaving only few items till the holiday season proper.

101 Ways To Spend Less Cash In Nigeria (47-68)

HOUSE,FOOD, PETS AND REAL ESTATE

47.  Build your own house: In every single part of the world, it is common knowledge that it is cheaper to live in your own house than pay rent monthly. It is even better here in Nigeria where taxes aren’t as high as in developed countries.

101 Ways To Spend Less Cash In Nigeria (47-68)

HOUSE,FOOD, PETS AND REAL ESTATE

47.  Build your own house: In every single part of the world, it is common knowledge that it is cheaper to live in your own house than pay rent monthly. It is even better here in Nigeria where taxes aren’t as high as in developed countries.

How I get to use 12gb data for N4, 000 per month on my android and PC.

On DAY 16, I remember saying I will let you know what methods I use in browsing cheaply once i find a cheaper alternative to browsing that will cost me less than N10, 000.

So here it is, I fulfill my promise:

How I get to use 12gb data for N4, 000 per month on my android and PC.

On DAY 16, I remember saying I will let you know what methods I use in browsing cheaply once i find a cheaper alternative to browsing that will cost me less than N10, 000.

So here it is, I fulfill my promise:

101 Ways To Spend Less Cash In Nigeria (Contd)

32. Buy from the brand shop, if you can find one in your locality: I have a friend who loves Samsung. He only buys directly from a Samsung shop (not dealer oh!) around him. The advantage is that he maximizes the warranty. When Note 3 came out, he simply swapped his used Galaxy S4 for it, only paying a little more.

33. You don’t have to buy the accessories or add-ons simply because they are cheap or look cool: Buying computer gadgets and cars Brand New will expose you to some smart marketers of accessories who will want to make fast bucks off you. This happens particularly in Computer Village, or anywhere else. It also happens online, say when you pay for a hosting package. As a rule, ask someone who already uses it or an expert before going to buy at all. Asking the seller right there in his shop if you need something he is selling is tantamount to asking a girl inside a chocolate and cake shop if she is hungry and needs anything? Though some will be honest to tell you whether or not you really need the accessories, don’t expose yourself to temptation.

34.  Less is more: the wisdom with gadgets is the paradox you just read. When you have less gadgets, you have less repairs, less maintenance, and less worry that it can get lost or stolen. Not buying ‘too expensive’ will also save you some money and worries. Always find the one gadget that can do EXACTLY what you want, not less, and not necessarily more.

101 Ways To Spend Less Cash In Nigeria (Contd)

32. Buy from the brand shop, if you can find one in your locality: I have a friend who loves Samsung. He only buys directly from a Samsung shop (not dealer oh!) around him. The advantage is that he maximizes the warranty. When Note 3 came out, he simply swapped his used Galaxy S4 for it, only paying a little more.

33. You don’t have to buy the accessories or add-ons simply because they are cheap or look cool: Buying computer gadgets and cars Brand New will expose you to some smart marketers of accessories who will want to make fast bucks off you. This happens particularly in Computer Village, or anywhere else. It also happens online, say when you pay for a hosting package. As a rule, ask someone who already uses it or an expert before going to buy at all. Asking the seller right there in his shop if you need something he is selling is tantamount to asking a girl inside a chocolate and cake shop if she is hungry and needs anything? Though some will be honest to tell you whether or not you really need the accessories, don’t expose yourself to temptation.

34.  Less is more: the wisdom with gadgets is the paradox you just read. When you have less gadgets, you have less repairs, less maintenance, and less worry that it can get lost or stolen. Not buying ‘too expensive’ will also save you some money and worries. Always find the one gadget that can do EXACTLY what you want, not less, and not necessarily more.

101 Ways To Spend Less Cash In Nigeria (2)

16.       Plan your shopping trips. Why go to the market twice a week when once will do, or four times a month when you can go just twice? This will save you time and money on transportation and the stress.

17.       Buy clothes that don’t need dry cleaning. Avoiding expensive clothes, suits, and other clothes made from materials that are best dry cleaned will help your budget. You can also stock your wardrobe with wash-and-wear clothes that don’t require ironing.

101 Ways To Spend Less Cash In Nigeria (2)

16.       Plan your shopping trips. Why go to the market twice a week when once will do, or four times a month when you can go just twice? This will save you time and money on transportation and the stress.

17.       Buy clothes that don’t need dry cleaning. Avoiding expensive clothes, suits, and other clothes made from materials that are best dry cleaned will help your budget. You can also stock your wardrobe with wash-and-wear clothes that don’t require ironing.

101 Ways To Spend Less Cash In Nigeria (1)

This is a very long article which I will eventually make into an ebook. In the mean time, I have divided it into smaller bits so I will post 10-15 of the methods per article, so I don’t bore you or overload you with too much at once.

Some of these tips will apply to the very rich or upper class, and not to middle or lower income classes, some will apply to an entrepreneur and not to a salary earner. Some will be applicable in some states, and not in others, while some will be applicable during Christmas, for example, and not in June. The whole idea is for you to get the concept behind them and apply them with wisdom.

101 Ways To Spend Less Cash In Nigeria (1)

This is a very long article which I will eventually make into an ebook. In the mean time, I have divided it into smaller bits so I will post 10-15 of the methods per article, so I don’t bore you or overload you with too much at once.

Some of these tips will apply to the very rich or upper class, and not to middle or lower income classes, some will apply to an entrepreneur and not to a salary earner. Some will be applicable in some states, and not in others, while some will be applicable during Christmas, for example, and not in June. The whole idea is for you to get the concept behind them and apply them with wisdom.