Lagos living: 5 Ways to Reduce Your Expenses

Lagos is the city of dreams, hustle, and unexpected expenses lurking around every corner. One minute you’re buying gala and soft drinks in traffic, and the next, you’re wondering why your account balance is blaring red.

As they say, “the money made in Lagos stays in Lagos” which is an expression that communicates that living in Lagos can be financially demanding. But with the right approach, you can cut costs without sacrificing the fun and vibrancy of life in the city. 

Here are five smart ways to reduce your expenses while still enjoying the Lagos lifestyle.

Master the Art of Public transport

You need to Master the art of Public transport. Unless your money is long or you own a private fuel refinery, moving around Lagos by Uber or your own car is pretty expensive. Instead, embrace the numerous public transport options available; 

• You better drop your steeze and composure and enter that Danfo Bus. It might not be the most comfortable means of transportation but it will get you to where you are going at probably the cheapest price possible.

ALSO READ; How Lagos could Inspire you as a UI/UX Designer

• BRT buses are relatively affordable and more comfortable than the alternative (Danfo buses, aka the yellow buses that turn every road into a Formula 1 track).
• If your area has keke marwa, my personal favorite, they’re a cost-effective alternative for short distances.
• Okada (in areas where you can get them) might get you there faster but could also leave your wallet and sanity shaken. Use them wisely.

Cook Your Own Meals

I know sometimes you just want to relax and eat out but while dining out is tempting, cooking at home can save you thousands of naira. All that Korede Spag, Shawarma,  Uncle Stan’s small chops add up and your account would bleed.

• Buy food items in bulk from Oyingbo, Mile 12, or local markets rather than expensive supermarkets.
• Consider meal prepping for the week; this stops you from impulsively ordering food when you’re too tired to cook (Guys do this only if you don’t binge eat, trust me I know)
• If you must eat out, explore local buka spots instead of fancy restaurants. You’ll get amazing food for half the price!

Cut Down on Unnecessary Subscriptions

Only you, Prime Video, Netflix, Showmax, DSTV, Apple Music. Ahhh, how many streaming services are you actually using? All of these add up quickly.

• Stick to one or two that you really use.
• Share family plans with friends if possible (e.g., Netflix’s family plan allows multiple users).
• Consider cheaper alternatives like YouTube for entertainment. There’s endless free content!

Shop Smart & Thrift Like a Pro

Guys, the price tags on RTW clothes made in Lagos these days are crazy (topic for another day). Lagos has numerous places where you can shop for stylish clothes without spending too much. Instead of splurging on high-end malls.

• Visit thrift markets (Yes, bend-down select) in places like Yaba or Aswani for affordable fashion finds.
• Always bargain! Most prices you hear initially are inflated. This is one non-negotiable skill you must have as a Lagosian.
• Avoid impulse buying; make a list and stick to essentials. If you rely on retail therapy to feel good, avoid Instagram vendors and their adverts.

Find Free or Cheap Entertainment

Entertainment in Lagos can drain your wallet if you’re not careful. Instead of spending heavily on clubs, concerts, or expensive outings, explore budget- friendly fun.

• Many beaches have affordable gate fees (Elegushi, Tarkwa Bay, etc.).
• Look out for free events, art exhibitions, and music gigs happening around the city.
• Try outdoor hangouts with friends (picnics, road trips, or game nights at home).

Lagos is full of opportunities, but it can also be financially overwhelming if you’re not strategic. By cutting unnecessary costs, using public transport wisely, cooking more, and taking advantage of thrift deals, you’ll save and invest a significant amount without compromising your lifestyle. Talking about investing, Fusion should be your go-to. Also join Living in Lagos Community to connect and read crazy stories from fellow Lagosians.

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