5 Easy ways to survive Nigeria’s present economic hardship

2. Identify your monthly expenses

In a recession, there’s usually tight cash flow. People tend to watch their spending and avoid taking risks with money. Categorise and track your monthly expenditures by outlining the amount of money you spend on eating out, recharge cards, extra-curricular activities and luxury items. If you spend a large chunk of money on eating out, maybe consider making your meals at home. Prepare to stick to basic and essential items only during this period.