Simple and effective saving tips


It’s everyone’s dream of living in the same house as the parents, to become renters in Kenya. What they don’t know is that it comes with a lot of sacrifice, discipline and responsibility to maintain independence life. Getting your finances right and planning is the key to a successful renting life. I presume you don’t want to find yourself packing back into your parents’ house.


 Most first time renters in Kenya don’t get enough information regarding saving money nor budgeting.  This causes a lot of confusion and hard times to them, not knowing what to budget for and also how to save the little money they get. If you fall under these groups, here are some money-saving and budgeting tips that will be of help to you.


1. Start small, don’t buy everything at once

Unless you have a lot of money, never make the mistake of buying everything at once. Most people see this as an extra effort to make things perfect while in real sense it’s not. Starting small makes sure you only buy the things you need and you don’t waste money.


2. Don’t buy meals from restaurants

Food is one of the daily needs you have but it can drain your pocket in one week. Buying meals will only add an extra cost to your expenses.  Most people have an excuse that they don’t have time to cook at home. This will only make you broke. It is better to create time to cook than miss that rent money you need or even transport money to your workplace


3. Budget for rental services expenses.

Depending on your apartment, some will include the service charges in the rent while in others it’s a separate bill. You can ask the landlord or caretaker if there are any extra charges so that you can budget for them. staying ahead of monthly charges like electricity bills makes sure you are not cut off or making a last-minute payment

4. Stick to your plan and budget

When searching for a house, the main idea should be spending less than 30% of your gross income on rent. Do not overburden yourself trying to live in a house beyond your ability. Determine the house you can afford then say no to what you cant afford.


5. Look for a roommate


Although this is not a must, having a roommate can really save you a lot of hustle. This can only work if you get someone you can trust or even a close friend. Note that before you move in with any of your friends you need to learn them, know how they handle their finance and if its someone you can live with. 


Moving into your own house can be overwhelming and exciting. It also has its own challenges. It is up to you to come up with a plan that will maintain your new life. You don’t want to end up in your parents’ hands again.