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Anonymous
Anonymous
Asked: June 24, 20262026-06-24T08:10:20+00:00 2026-06-24T08:10:20+00:00In: PERSONAL FINANCE

If I am making 100k monthly, am single, how much did suppose to make sure am saving monthly

The issue is that , the money don’t come in one day, it coming small , some times 20k daily, sometimes 5k daily , sometimes nothing, but approximately 100k will enter monthly.
What should I do ?
Am selling a 2k digital products
Should I be saving after I made one sale on what?

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  1. Ochoyoda
    Ochoyoda Educator
    2026-06-24T15:52:46+00:00Added an answer on June 24, 2026 at 3:52 pm

    Since your income is irregular but averages about ₦100,000 per month, it is better to save a percentage of every sale rather than waiting until the end of the month. For someone who is single and earning around ₦100,000 monthly, a practical target is: 20% savings = ₦20,000 monthly (minimum target) 3Read more

    Since your income is irregular but averages about ₦100,000 per month, it is better to save a percentage of every sale rather than waiting until the end of the month.
    For someone who is single and earning around ₦100,000 monthly, a practical target is:
    20% savings = ₦20,000 monthly (minimum target)
    30% savings = ₦30,000 monthly (good target if expenses allow)
    Since you sell a ₦2,000 digital product
    Treat every sale as if the money is already divided:
    For each ₦2,000 sale:
    Save ₦400 (20%) immediately.
    Use the remaining ₦1,600 for business expenses and personal needs.
    If you want to save aggressively:
    Save ₦600 (30%) from each ₦2,000 sale.
    Why this works
    Your income is unpredictable:
    Some days: ₦20,000
    Some days: ₦5,000
    Some days: ₦0
    If you wait until month-end, you may spend everything and have nothing left to save. By saving from each sale, you “pay yourself first.”
    Suggested plan for ₦100,000 monthly income
    Purpose
    Percentage
    Amount
    Savings/Investments
    20–30%
    ₦20,000–₦30,000
    Living Expenses
    50–60%
    ₦50,000–₦60,000
    Business Growth
    10–20%
    ₦10,000–₦20,000
    Emergency Buffer
    10%
    ₦10,000
    Where to save?
    Given your previous interest in investments, you could:
    Build an emergency fund first (3–6 months of expenses) in a Money Market Fund.
    After that, split new savings between a Money Market Fund and an Equity Fund for long-term growth.
    A useful habit: every time a customer pays you, immediately transfer the savings portion to a separate account or investment app before spending any of it. This removes the temptation to use it.
    How much are your monthly living expenses currently—roughly ₦40k, ₦60k, ₦80k, or more? That will help determine whether 20%, 30%, or an even higher savings rate is realistic.

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