A medical cover is more important than a car, it’s one thing we will away but comes to bite you in the ass. You better have it and never use it, than not having it then need it.
On the explanation about conservative, you pretty answered yourself when you were explaining about miscellaneous, you mentioned part of the 10k goes to a mzinga. I believe a good mzinga takes up the entire 10k if not more :D:D:D
William Lawson Ksh 1100 at my local wines and spirits does the trick. About the medical cover, any leads? How much will it cost monthly?
Just call any insurance company on Tuesday and they will send someone to you immediately, cost depends on number of people covered, inpatient /outpatient insured amount and amount of extras
PS. William Lawson ,no idea what it is but wachana nayo and get a real whiskey, if you are going to fuckup your liver you might as well do it in style:D
I am not a billionaire. I have no rig:D
@Sliminem skiza vile birrionea hapa amesema.
Nimetilia maanani.
hapo swafi baba. Btw if those are your expenses you are pretty much ok in life. Jijenge kapsaa ,diversify your portfolio. You good to go.
Nani…240 Bob!,Kwani Huogangi?
Lakini from your expenditure kwanza vile ww ni Bachelor you should be earning kindu 170K net,save and invest the rest ndo hata familia ikikuja ipate umejipanga.
It is also very wise of you uko na mburoti
Please explain how you spend 20K on the car? Parking is 300. Fuel from Rongai and back is 600. Service is after 5,000km - that is at least four months so its about an average 1.5k a month.
So if you drive to work from Rongai FOUR DAYS in a week that would be 300x4x4 (parking) +600x4x4 (fuel) + 1,500 (service) + 1,500 (miscellaneous - chokoras, flats, etc) = about 17K a month.
And please note that all these figures are slightly exaggerated - if for example you buy the monthly parking ticket the figure willl go and down and am sure without jams the 600 on fuel from Rongai will also go down, assuming you use a decent 1500cc car.
Unless of course am mistaken,
A newly employed graduate journalist at NMG earns about Sh80,000. I think I heard graduate cashiers at Ekuite earn about 60k. So where is this where random bachelors earn Sh170K after tax? I know, I know. There are of course some very very few employers (embassies, NGOs, UN, ICT companies etc) that give these kind of salos but lets get real.
Luckily, I am a businessman
Young people earn that and more in advertising agencies. Alot has changed since you last entered an office guka.
Only advise I can give you is , this is the time to do major savings, before you settle down.
The car expenses have to be slashed by half, the enjoyment by half, and other 'e current expenses that can be done away with.
Food and rent , water and electricity should be the only constant recurrent . Why are younpaying 3400 for internet and theres safcom for 2500? And now faiba.
You can adjust that list if you want to.
How to manage,
That car expense half can go to a life insurance cover at britam.
10k a month can get you 100k after every four years and your money back after 16years . Nothing to loose , just a way to save.
Please tell me you are kidding
No, am not. Please tell me where. Because I know even after the latest hikes, doctors barely take home 150k. Graduates teachers barely 50k. Journalists at Standard, Nation and Citizen barely 70k. Bank workers just about 80k.
So, where?
I have answered you hapo juu.
Kindly do some more research, you might be in for a surprise.
Kpmg, Price waters, Deloitte etc 100-130
In my field with the right papers graduates start out with minimum 200K Gross because we are not many.Its not uncommon to find guys taking home more than 400K jst 3years down the line.Na Wengi huwa wanaresign to pursue personal ventures because part of the experience comes with knowing where the real money is
that car…can you do without it? other entries are fine