By Thomas Abidoye

Managing money as a married person in Nigeria can be challenging, especially with rising costs of food, transportation, school fees, rent, and unexpected family responsibilities. If you are not careful, small loans and borrowing can gradually push you into debt. The good news is that you can avoid debt by making smart financial decisions as a couple.

Below are nine practical ways to stay debt free as a married man or woman in Nigeria.

1. Plan Your Money Together Every Month

Many couples fall into debt because they do not sit down to plan their finances. Set aside time every month to write down your income and all expected expenses. Discuss school fees, feeding, transport, rent, and any special events. When both of you know what money is coming in and what needs to go out, it becomes harder to overspend or borrow unnecessarily.

2. Live Within Your Income

Lifestyle pressure is a major cause of debt in many Nigerian homes. Do not copy other families that earn more than you. If your salary can only take care of a modest lifestyle, maintain it. Only buy what your income can support. There is no shame in starting small and growing gradually.

3. Build an Emergency Savings Fund

Unexpected events happen. Your car may break down, your child may fall sick, or you may lose your job. Without emergency savings, you may be forced to borrow. Try to save small amounts every month, even if it is little. Over time, it will grow. This fund will protect your family from going into debt during hard times.

4. Avoid Unnecessary Social Pressure

As Nigerians, we love celebrations. Weddings, birthdays, burials, naming ceremonies, and community contributions can easily consume money. Learn to say no politely. Do not attend every owambe or try to impress people with outfits, gifts, or high spending. Focus on your family’s financial health first.

5. Do Not Hide Financial Information From Your Spouse

Some husbands and wives borrow secretly, hoping to fix the situation later. This usually leads to deeper debt. Be sincere with each other about income, challenges, loans, or financial temptations. Two people thinking together can find better solutions than one person carrying the burden alone.

6. Reduce the Habit of Buying On Credit

Many Nigerians buy items on credit from supermarkets, neighbours, or online vendors. Although it seems easy at first, the money builds up. Always ask yourself if you truly need the item at that moment. If the answer is no, walk away. Buying on credit should only be for emergencies, not regular shopping.

7. Create a Limit for Family and In-Law Support

Marriage in Nigeria comes with family expectations. Parents, siblings, relatives, and friends may call for financial help often. It is good to support your people, but do not give beyond your capacity. Set a monthly limit for such expenses so your family does not suffer or fall into debt because of extended family pressure.

8. Improve Your Income Through Side Jobs or Skills

Sometimes, debt happens because one income is not enough. Consider taking a small side job or business that fits your schedule. You can try online remote jobs, freelance work, catering, POS business, small buying and selling, or skills like graphic design or baking. A little extra income can make a big difference.

9. Avoid Quick Loans and Loan Apps

Loan apps give fast money, but they come with high interest rates. Many Nigerians have fallen into shame because of these platforms. Before borrowing, ask yourself if the problem can wait. Only take loans for important investments, not for lifestyle spending. It is better to save slowly than to rush into debt.

Avoiding debt as a married man or woman in Nigeria requires discipline, honesty, and teamwork. When both partners understand their financial goals and cooperate, it becomes easier to live within your means and secure your future. Start with small steps today. Little by little, your financial life will improve.