- A mother of three from Kileleshwa, Nairobi county, has taken to social media seeking advice on how to save part of her salary
- She shared a breakdown of how she spends her income every month, revealing that she is unable to save a single shilling because of her expenses
- Social media users flocked to the comment section to share their thoughts on her budget and offer suggestions on how she could achieve financial freedom
Earning a high salary does not necessarily guarantee financial freedom or prevent someone from falling into debt, as a woman from Kileleshwa, Nairobi county, has revealed.
Source: Getty Images
The woman disclosed her monthly earnings but admitted she was struggling financially and burdened by debt despite her impressive income.
She appealed for advice on how to improve her financial situation and shared a detailed breakdown of her monthly expenses, which nearly exceed her take-home pay.
“My monthly salary is KSh 800,000. I am a mother of three. After tax and deductions, I take home KSh 532,792. I currently live in Kileleshwa. This was my first job. I started with a salary of KSh 120,000 in 2017, and I have grown over time. I would like to know how to manage my money. There is something I don’t understand,” she said.
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She listed her monthly expenses, including rent, house help, tithe, fuel, food and shopping, school fees, a car loan, Wi-Fi, electricity, and other household costs.
How much is rent in Kileleshwa?
The woman said she pays KSh 120,000 in rent, KSh 20,000 for her house help, and sets aside KSh 40,000 for fuel every month.
She also admitted that she gives only KSh 10,000 as tithe instead of between KSh 50,000 and KSh 80,000, which she said would represent 10% of her earnings.
She spends approximately KSh 100,000 on school fees every month, while another KSh 120,000 goes toward repaying her car loan, which consumes a significant portion of her budget.
“My expenses are always between KSh 500,000 and KSh 600,000. I have reached a point where I feel my life is not changing. I honestly want to change how I spend my money and at least save KSh 200,000 per month. What should I adjust, remove, or reduce so that I can spend less and save more?” she asked.
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Kenyans react to Kileleshwa woman’s budget
Social media users quickly shared their opinions, with many questioning why she was only tithing KSh 10,000.
OB:
“Negotiate with your employer for another KSh 200,000 salary increase so you earn KSh 1 million per month. Save the additional income while maintaining your current lifestyle.”
Becky I’mai:
“You are supposed to give a tithe of KSh 80,000, not KSh 10,000. That’s already the first mistake. After giving the correct tithe, you’ll notice many changes.”
emmy:
“Reduce your house help’s salary from KSh 20,000 to KSh 15,000, or move to a house that costs KSh 70,000. God is in heaven, so stop stressing about tithing. Just give an offering and let the pastor be satisfied. You’ll save around KSh 70,000.”
Alice Kabata:
“If I were you: (1) Start tithing properly after tax, about KSh 53,000. (2) Use part of your income to get a mortgage or buy land and build your own home within five years. (3) Invest in life insurance, a money market fund, shares, and several chamas. (4) Consider moving your children to a good public school, hire a house manager at a lower cost, and drive a smaller car. You’ll eventually have money left for savings and supporting others.”
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Vayo Nduati:
“I wonder whether everyone who insists on giving 10% as tithe actually follows that principle themselves. Just move to a cheaper house. Also, the car loan is temporary, you’re paying for an asset. Once it’s cleared, you’ll either take another loan or finally start saving.”
Source: Getty Images
How Kenyan man earning KSh 35,000 saves
In another story, a young Kenyan man earning KSh 35,000 per month sparked debate online after sharing a detailed breakdown of his monthly budget while asking social media users for advice on how to save more money.
The viral budget showed that he accounted for every shilling he earned, leaving many netizens divided over his spending priorities and financial discipline.
According to the breakdown, his largest monthly expense was rent at KSh 10,000. He also allocated KSh 4,000 for shopping and another KSh 4,000 for transport.
Other expenses included KSh 1,000 for electricity, KSh 2,000 for water, KSh 2,000 for Wi-Fi, KSh 2,000 for clothing, and KSh 2,000 for entertainment.
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Source: NGBREAKINGNEWS
