Fresh out of university? Starting off with a job with a minimal salary? You are on your own for the very first time. Reality has dawned on you as you reminisce on the days your parents or guardians showered you with pocket money. Spending every last coin on high end restaurants, clubs, designer clothes, you name it was the order of the day.
Now, you have to grow up. It is time you suit up and understand that in order to enjoy a good and comfortable life ahead, you ought to save and invest your money. Transitioning from such a stage is not the easiest, but it is indeed rewarding.
You should live modestly, save your income and plan on your spending. It doesn’t make any sense living a lavish life that you cannot afford yet. The majority of people who do so have the rush to please people as well as compete with others.
You could end up so deep in debt levels and unfortunately you end up stuck. It is a bad sign when your spending exceeds your income. Saving money for anyone is a very touchy topic today because some people do not know how to control it.
The following tips are wise ways on how you should live for now:
1. Live with roommates
You can even pick some of your friends. One gets to share costs on fixed budgets such as electricity and water.
2. Switch from the shopping mall to the market
For food as well as clothes. Fruits, vegetables and meat are fresher and cheaper in the market. Mitumba are a variety of second hand clothes which are unique, and some even have legit designer labels on them.
3. Stop eating at restaurants
Make food at home that you can enjoy; invite some friends over. Again, why not make your own coffee and skip the trip to the coffee house? The once-in-a-blue-moon-treat-yourself date is okay as a reward for saving.
4. Credit cards is a no-no
Banks are very alluring when they are selling their products to their customers. A credit card will have you feeling rich all day; swiping it everywhere you go. Where it gets dangerous for you is that every time you swipe it, it places you deeper into debt.
5. Pack lunch to work every day
It saves you some good shillings because buying ready food can be quite expensive.
6. Do It Yourself
If you can do it yourself, why pay for it? These include activities such as nail polishing and eyebrow tweezing.
Align Kenya’s political system with global standards
There is need to ensure that our system is in line with international best practice especially as they relate to...
Kitui County embroiled in models ‘sex scandal’
At least 16 models have dismissed the crowning of four winners at a beauty pageant held last month
Kenya not yet fully a free democracy, new report says
While a full report on the country's performance is not yet available online, a summary of the report notes that...
Family of five perishes in Juja inferno
Police said a woman, three children - all aged below 10 years, and a man were found early Tuesday morning
Americans urged to support conservation
Conservation of nature in many countries in Africa contributes significantly to sustainable rural community livelihoods
It’s business as usual, Mike Sonko says
He dismissed reports that Igathe called it quits last Friday following disagreements arising from implementation of key projects and award...
Police mum on theft of State House furniture
Nakuru OCPD Samuel Obara told the press that only police headquarters in Nairobi or State House spokesman Manoah Esipisu can...
Uncertain future for 100 police officers recalled from NTSA
The Director of Personnel at Vigilance House, the Kenya Police Service nerve centre, Boniface Maingi asked the commanders to send...
Fred Matiang’i: Second most powerful man after President Uhuru
The no-nonsense Cabinet Secretary has become Uhuru Kenyatta's Mr Fix It in government affairs in the processing getting big ministries...
Jubilee script goes haywire as Igathe quits
Details on boardroom rifts started emerging when Sonko shared screenshots of private Whatsapp conversations with his deputy as he fought...