Most Nigerians struggle financially in January because they spend more buying new clothes they already have, making more financial expenses on traveling, which some are not really relevant, over spending on food which is even more than a 6 mouth budget. instead of making plans on how to renew house rent store rent paying of school fees by January e.t.c
You are right about what you said OP, but you should also know that everyone should cut their coat according to their sizes. Many Nigerians don’t really have a good plan on how to spend their money but that shouldn’t make it look like all Nigerians will spend without managing their funds against the new year. Those that don’t spend according to their pocket mostly are those doing that to impress others for that deceive period, after that, they go back to square and this is now how it is suppose to be. No one is saying you shouldn’t have fun during festive period but let it be limited to just the budget you can afford to spend on it.