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Money lessons with Chioma Simple money lessons to help you save, spend wisely & grow financially. 💰

The 50/30/20 Rule: How to Divide Your Money“If you don't know what to do with your salary when it enters, try this simpl...
06/09/2026

The 50/30/20 Rule: How to Divide Your Money

“If you don't know what to do with your salary when it enters, try this simple money rule!

50% — Needs
Rent, food, transportation, electricity, school fees, and other important expenses.

30% — Wants
Entertainment, eating out, shopping, subscriptions, and things you enjoy.

20% — Savings & Debt
Save it, invest it, or use it to pay down debt.

Example:

“If you earn ₦100,000, you could plan roughly ₦50,000 for needs, ₦30,000 for wants, and ₦20,000 for savings or debt.”

“You don't need to earn millions before you start managing your money. Start with what you have. Follow Money Lessons with Chioma for more simple money lessons!

05/09/2026

WHY DOES YOUR MONEY FINISH SO FAST?
You get paid today and feel rich… then suddenly, a few days later, you’re asking yourself:
Where did all my money go?
Here are 4 possible reasons:
1️⃣ You don’t have a budget.
2️⃣ You spend impulsively.
3️⃣ You save only what is left.
4️⃣ You buy things just because other people have them.
Your salary may not be the problem. Your spending habits might be.
Tell me honestly
What usually makes your money disappear so quickly?
Follow Money Lessons with Chioma for more simple money lessons.

05/09/2026

5 MONEY HABITS THAT MAY BE KEEPING YOU BROKE!
Sometimes, the problem isn't that you don't earn enough. It may be how you manage the money you already have.
Here are 5 habits to watch out for:
1️⃣ Spending everything before saving.
2️⃣ Buying things you don't really need.
3️⃣ Spending just to impress people.
4️⃣ Having no budget for your income.
5️⃣ Borrowing money for things that aren't necessities.
💡 Small changes in your money habits can make a BIG difference over time.
Be honest with me
Which one of these habits have you struggled with the most?
Follow Money Lessons with Chioma for simple, practical money lessons.

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