Money Goals For Anyone Making Less Than ₦500K Per Month

Kuda App
3 min readOct 24, 2023

While this income range may seem modest compared to high-earning individuals, it’s important to set money goals that are reasonable, practical and allow enjoyment.

If you feel like your salary is playing hide and seek with you every month, we get it. Prices are high, the cost of living has tripled, and saving or having a money goal is nearly impossible. But you need one and we’ll tell you why.

Imagine being on a road trip without a destination. Sounds weird, right? The same goes for your money journey. Setting clear goals gives you purpose and direction, whether you’re making a little or a lot. Let’s show you how you can make moves towards long-term prosperity while enjoying yourself along the way.

  1. Build an investment portfolio.

With as little as ₦10,000, you can buy stocks in companies like Amazon, Tesla, and ManU on the Kuda app and watch your money grow. Investing in stocks is a great way to grow your wealth over time. As a shareholder, you own a piece of the company and can benefit from its growth and success.

2. Control your guilty pleasures.

Let’s face it, everyone has guilty pleasures and we’re probably never going to get rid of them. But they shouldn’t lead you into debt. Save for your guilty pleasures by turning on Spend+Save to save money automatically every time you spend on your Kuda app. The best part? You can withdraw from your Spend+Save savings at any time.

3. Save for a budget holiday

Not every holiday has to be foreign. Start small and explore your own backyard. Take the train to IITA Ibadan to enjoy some forest adventure, or go to Olumo Rock in Abeokuta to discover ancient wonders. If you’re feeling adventurous, take a road trip to Benin Republic or Togo all within a budget. To save for your trip, create a Save Frequently Pocket to put money away daily, weekly, or monthly.

Your money goals are within reach with your Kuda app. Build a stock portfolio, control your guilty pleasures, and even go on a budget holiday — all while making less than ₦500K a month. 💜