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What Should Be The Minimum Account Balance For A Family Man? - Family - Nairaland

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What Should Be The Minimum Account Balance For A Family Man? by greatestluv4all: 9:24pm On Dec 20, 2013
Call it security finance or minimum requirements, how much should a family man always keep for his immediate family upkeep?

Considering demand from extended family and friends due to economic exigencies, a man does not only cater for his wife and kids alone nowadays.

Upsurge in foodstuffs, health care and high cost of quality education, one should be able to put a benchmark to minimum available funds for his immediate family needs and put a "coma" to father Xmas pending when his account is replenish.

I know this will also vary and will be proportional to personal income, so I will use myself as a guide.

I earn 200k a month and could rise to between 400k to 500k with other business, hence my benchmark is 200k.

It must never go below, sometimes it's above when request are not so much.

So, what's your benchmark or do you even consider it?
Re: What Should Be The Minimum Account Balance For A Family Man? by Abali1(m): 7:53am On Dec 21, 2013
greatestluv4all: Call it security finance or minimum requirements, how much should a family man always keep for his immediate family upkeep?

Considering demand from extended family and friends due to economic exigencies, a man does not only cater for his wife and kids alone nowadays.

I earn 200k a month and could rise to between 400k to 500k with other business, hence my benchmark is 200k.

It must never go below, sometimes it's above when request are not so much.

So, what's your benchmark or do you even consider it?

Can I be your friend?
Re: What Should Be The Minimum Account Balance For A Family Man? by CHIMSKY(m): 3:11pm On Dec 21, 2013
greatestluv4all: Call it security finance or minimum requirements, how much should a family man always keep for his immediate family upkeep?

Considering demand from extended family and friends due to economic exigencies, a man does not only cater for his wife and kids alone nowadays.

Upsurge in foodstuffs, health care and high cost of quality education, one should be able to put a benchmark to minimum available funds for his immediate family needs and put a "coma" to father Xmas pending when his account is replenish.

I know this will also vary and will be proportional to personal income, so I will use myself as a guide.

I earn 200k a month and could rise to between 400k to 500k with other business, hence my benchmark is 200k.

It must never go below, sometimes it's above when request are not so much.

So, what's your benchmark or do you even consider it?
Really?My own is 35k and that' s for Christmas week till January
Re: What Should Be The Minimum Account Balance For A Family Man? by Nobody: 3:15pm On Dec 21, 2013
Minimum
CHIMSKY:
Really?My own is 35k and that' s for Christmas week till January
grin grin

Pls enjoy it jor. And do keep my isi ewu pepper soup.

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