I dont think so. It has something to do with maintaining your living standards. In the city she lives in, you can probably live large on $3000 per month…hapo umelipa rent, groceries na fuel and even gone on vacation. Hiyo 23K no bakshish ya kurembesha account.
Leasing a brand new BMW is like 1000$ per month. Pesa ndio mingi
Swansea ako ligi yake.
Anywho, the point is to save as much as possible.
@Yunomi hakuna kitu kama hiyo. 
Huyu mwanamke ana pesa wazimu.
@Purple next time ukukija Kenya inbox me nikuonyeshe Laikipia Rimuruti :D:D
Thanks for the motivation but don’t forget to live life. 50 years from now when you old you really won’t be that proud of how well you used to save but you will definitely reminisce with a huge grin on your face when you remember the fun stuff you indulged in your younger days. In short usijikataze the finer things in life. I absolutely get your point in establishing a saving culture though.
swanshit na midget mnajua nyinyi ni mabeshte wangu sana sana sana,lakini tangu niumie mguu mumeniachilia sana tueuro ama tudollari sijakataa and you’re my people?
Nimetoa hiyo picha per request. I’m sorry.
Imagine the funny thing is, I have colleagues who blow their money on silly things because of “lifestyle creep.” Some live almost paycheck to paycheck. Savings ndio watu hulemewa.
huwa unafikiria utadumu kwa hii dunia ya Mungu maisha?
Ugua pole my dear. How is your knee doing?
Best solution is to keep savings that can cater for approximately 6 months of your monthly expenditure. During this period you’re likely to have found another job or some other income source. If you’re good at what you do, you are likely to get better pay at your next job. Personally, I have about a Milllion that currently serves as revolving capital for some partnership business we’ve got with a friend. If worse comes to worse I pull in that fund!
This is a good idea but I hate having a structured lyf… Most women love that shit but for me I need a fair amount of risk. I make lots of mistakes but every time I recover the returns are incredibly high. Getting broke, is really a nice feeling, I miss the days I was broke because that’s when real growth happened in my life. Made a couple of bad decisions got burnt but somehow I rose from the ashes like a phoenix.
I know what you mean. Sometimes in your life one needs hunger in the belly to catapult you to great heights.
Women like security sana especially as you grow older, you become risk averse because life can throw you a hard curveball at anytime.
On the issue of having a contingency plan, disability insurance is probably the best plan that money can buy. How many people even know about disability insurance?
Being let go from a job is okay because unaweza pata ingine. Lakini what if you become sickly or disabled from an accident, the burden on your loved ones can be very hard.
The world doesn’t know how to deal with disability, some countries are better than others but besides relieving the physically challenged off the financial burden, we have no clue. Things like disability insurance are stuff that the wife tries to force down my throat with little success. One day she kept banging about savings just when we were moving some cash between accounts and I brought the cash home and told her that money was our savings and she was gobsmaked. Men are wired differently, mum got me to buy couple of beach plots that were close to home as security. And that’s enough for now.
In African society not many people believe in accident death and disability insurance. Even laborers do not have workers compensation in case of workplace injuries. Insurance is in assets, if you dont have assets to sell, kuna harambee. Communal living, which is not necessarily a bad thing.
Bora mtu ana contingency, in whatever shape or form.
Mod pea hii mtu nyota moja
lakini ma bibi hamufanyi poa , yaani jamaa ako na watoi wawili na kazi ikiisha bibi anachmoka na watoi , si poa .
Self employed business people are watching this thread shaking their heads and simultaneously rolling their eyes.
Nothing like an unpredictable income to get you out of bed in the morning!. kikikikkkk…
Then again, some people don’t feel alive unless they’re taking risks.
Fixed incomes , guaranteed predicted percentages and routine would drive some people to the edge.
Your reward for living risky is freedom.
And some people don’t like to be told what to do.
But, each to their own.
We are all different and we all compliment each other to make the world go round!..
Okiya bado anasave 20%.
Pipi ya @Retired virgin
A lot of things come to consideration if you are to manage savings especially if you have a young family. There is also the consideration of young graduates employed earning between 30k to 60k ,and of the same age who venture in entrepreneurship and the businesses does well. Most of the time, those who venture in entrepreneurship do very well. Ingia Gikomba or Kamukunji
Unatumia chumvi badala ya toothpaste. Stima unapima kwanzia 7-9 pm. Lunch unacombine na breakfast etc etc