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‘Tale Alimi: The Spreadsheet Guide to Becoming a Boss Lady



I admire boss ladies! These are women who have their own money, are successful in their careers and businesses and can pay their bills! Truthfully because I am a ‘woman’s woman’. I don’t mind a man picking up the tab. However, I am learning that financial independence commands respect in some quarters. Neyo aptly described it in his song ‘Miss independent’.

I am still on the journey to fit the boss lady description, and here are some steps I am taking:

Set up the Spreadsheet
A spread sheet like Microsoft Excel is a tool to keep tabs on your finances. What I have done for a couple of years is to create a spread sheet I tagged salary plan. This is where I document my income and expenses. Even if you are not financially savvy, all you would simply need to do is write how much is coming in and what you are spending it on.

Group your Expenses
What I do is identify recurrent expenses like PHCN bill, waste bill, water bill and security bill. These fall under housekeeping expenses and always take top priority. Next, I identify regular expenses like food and toiletries. I decide how much it will cost me on a monthly basis based on my current house occupancy size. Then, I set aside my spiritual giving; Tithe, offering and charity.

I identify how much I am putting towards savings a.k.a pay yourself for your future. Then, I identify personal care and grooming expenses before I finally decide what I need to set aside for a capital expense like rent. I also set a certain amount aside for miscellaneous or ‘vex money’ as we say in pidgin. This allows me the flexibility to do something I didn’t necessarily plan for.

Group Saving Plan or Standing order
This is a means by which you save a part of your income with a group of other people. This is typically what is known as ‘thrift’. I have done thrifts for several years and it has helped me save for capital expenses. If you are not into the group thing, you can give your bank a standing order to automatically move some money to an account that is set aside for special projects.

Self Control
A nice spreadsheet doesn’t mean anything if we don’t do our best to abide by it. So discipline from impulse buying is necessary and the ability to turn your eye away from buying something that looks nice momentarily but won’t make sense to your bank balance.

Invest in Your Dreams
The best way to ensure that you are a real boss lady is to invest in a dream that would allow you make more money in future. It could be to get another degree or certification, start a side hustle (business) or learn a new skill that would yield greater financial returns in future.

What are you doing on your way to becoming a boss lady?

Photo Credit: Dreamstime | Stockyimages

'Tale Alimi is the Co-founder and current CEO of Owoafara, a fund matching and business support platform for African MSME's. She is also the Lead strategist of Tale Alimi Global; a strategy consulting boutique focused on working with visionary and forward thinking SME's to take their business from small to scale. She is the author of Uplevel and her latest book Small to Scale. She has a Masters in Business Administration from Lagos business school, a certificate in personal coaching from the coaching academy UK. She is a social innovation fellow with the startingbloc institute in the United States. When she is not thinking about innovative business models, she is an avid fitness enthusiast. Learn more about her new startup Owoafara:( Get daily business inspiration when you follow her on twitter ( and get an insight into her life on Instagram (


  1. @edDREAMZ

    June 30, 2015 at 4:14 pm

    a.k.a EDWIN CHINEDU AZUBUKO said..
    Boss Lady! Mehn am scared of them but i like the way yu write on hw to spend ur money as one though…

  2. Fabulous B

    June 30, 2015 at 4:15 pm

    Thanks ma. Will adopt your spreadsheet way of documentation. GOD bless you

  3. nayourmoney

    June 30, 2015 at 5:51 pm

    I think the order is
    – tithe/ offerings (give God first)
    – Savings (pay your self)
    -Essential household costs
    -other household costs
    – vex money

    • ibinabo

      July 1, 2015 at 12:06 am

      You forgot to add investment

  4. temi

    June 30, 2015 at 6:39 pm

    quite interesting. I love it

  5. Whisperer

    June 30, 2015 at 11:14 pm

    Nice write up……,


    July 1, 2015 at 10:58 am

    Great, people normally say when a lady acts like the boss she begins to forget her role as a lady,but I think thats not true. A lady who plans is a good boss. Planning puts your family together and puts your life in place. You will never have work stealing your time because your time will be planned.

  7. Ms. A.

    July 1, 2015 at 1:49 pm

    What exactly is boss lady? Aren’t we women the ones belittling our accomplishments? What happened to just saying boss? Seriously what is boss lady? A lady who is a boss? What do you call a man who is a boss? Boss man? While we are at it, please can someone tell me what Dr. Mrs, Prof. Mrs, Barr. Mrs means? Why do you have to add a title, and a status indicating one at that. How do you address a man who is a doctor? Doctor Mr.??? Why do you add such titles or any title for that matter to a woman’s qualification? Is it to make it more impressive or less impressive?. I realize that there are lots of question marks in this post, but i really do need answers.

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