MoneybyZikoko: Is money hurting your relationships?

Good morning, {$name}! 🌞

I’m not sure I considered this until the past weekend. But when the cost of living increases like ours has in the past few months, it threatens to choke and snuff the life out of everything, including your relationships.

I’m probably exaggerating, but here’s some context: A good friend is getting married in a few weeks. And I discovered this weekend that the cost of everything I need to do before the day comes has increased. My tailor shared their new invoice, and I laughed incredulously for a minute. My soul also dies a little when I confirm the (new) costs of the last-minute things I might still need to sort out. What’s the price of showing up for your people?

In a way, the stories in this week’s dispatch touches on how money- from black tax to inflation – possibly affects relationships. Let’s get into them.

In this letter:

• #NairaLife:The Advertising Exec Who Went From Resenting Black Tax to Accepting It
• 7 Nigerians on How Inflation Affects Their Relationships
• #ZikokoMoneyVideo: How much does an Abacha seller earn in a month??
• QUIZ: How Much Money Do You Need Right Now?
• Where The Money At?!

A few things to know about the adman in this #NairaLife: 19 years have passed since his first job, and he’s grown his income to ₦1.5m/month. One thing that changed as he earned more,though, was his attitude towards being his family’s highest earner. He’s gone from being at odds with his black tax responsibiities to taking them in strides.

Now his sights are set on earning ₦5m/month to make the lifestyle upgrades he wants.

This is his #NairaLife

Zikoko Naira Life has told stories of Nigerians and money for about five years. Now’s time to take it a step further and bring everyone to talk and share experiences about this money thing, wouldn’t you say? What can you expect from this event? More imporatly, when is it happening?

We’ll share this information as soon as we can. Click the link below to be the first to know.

I want to be the first to know

Nigeria’s inflation rate has climbed to 29.9%, its highest in almost 28 years. The cost of living is choking the living, and it’s touching every aspect of our lives, including relationships.

Tife spoke to some Nigerians about how inflation has changed their relationship dynamic.

Here’s what they said.

Guys, we’re adding a new section to this newsletter. We all have questions about money we’d like some clarity on, don’t we?

Enter Aunty M. Let’s say she’s the experienced older sibling you can come to for answers and actionable money, work and career advice.

All you need to do is send your questions below, and we’ll take it from there.

Submit your questions here

Watch the video here