Money Goals For Anyone Making Less Than ₦300K A Month

Kuda App
3 min readApr 22, 2024


Our practical suggestions for managing a monthly income of less than ₦300,000 well.

It’s not as much money as you’d like but it’s what you have to work with for now. These practical suggestions will help you stay within your means and grow your income reasonably.

  1. Create a monthly money plan.

First, be sincere about your cash flow. Whether you’re making money in other ways or not, it’s important to base your money plans on your consistent monthly income. This way, you can plan around what you know you’ll have, without losing sleep over money that you hope to have.

When you get paid, take a good look at your income and expenses. Calculate how much you need for essentials like food, transportation, entertainment, power, airtime and data, then set aside a portion of your income for savings and another portion for self-care.

On your Kuda app, you can create an As You Want Pocket for your bills and a Fixed Pocket to put money away for longer periods.

2. Invest in yourself.

Investing in yourself will pay off in the long run. A common example of self-investment is acquiring new skills that could open up new opportunities for career advancement and more money. Who doesn’t want that? Save for your self-investment by creating a Frequently Pocket on the Kuda app to put money away automatically.

3. Explore more ways to make money.

Now might be the time to look for some extra income that won’t distract from your day job. Graphic design, copywriting, and content creation are all options for making money in your free time.

If you have skills that you’re not sure can make you some money, show them off to your family and friends. Their reactions and comments will help you decide if it’s time to monetise.

4. Build an emergency fund.

An emergency fund is essential, especially when you’re living on a limited income. Aim to save at least three to six months’ worth of living expenses. Start small if you have to, but make it a priority to set aside a portion of your income each month until you reach your goal. Create a Frequently Pocket on your Kuda app to save as little as ₦500 every day. Having this financial cushion will give you peace of mind and protect you from borrowing urgent 2K.

5. Start your investment journey.

Even if you’re not earning as much as you’d like, there are investment options that can help you grow your money over time. Start by looking at stocks on your Kuda app. You’ll be able to see the most popular stocks, investments made by notable people, and the weekly top-performing stock to inspire and guide you on your investment journey.

Starting with the smallest amount you can and staying committed to your investments can lead to significant growth in the long run, putting you on the path towards building wealth and securing your financial future.

Here’s to making the most of what you have now and moving up in life. 🥂💜