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5 days ago | 
businessdailyafrica.com | Simon Mburu
I am 24 years old. I earn a net salary of Sh44,000. My expenses are as follows: Rent and electricity Sh10,000, Transport Sh3,000, Groceries Sh5,000, Shopping Sh3,000, laundry Sh1,000, data and airtime Sh2,000, savings Sh20,000. I live alone and have no dependents, bar the occasional relative or friend asking for money. I have a Helb loan of Sh250, 000 which I pay Sh4,000 monthly (deducted from gross salary).
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1 week ago | 
businessdailyafrica.com | Simon Mburu
I earn a net monthly salary of Sh127,000 after statutory deductions, which includes a loan repayment of Sh32,000 and an education insurance payment of Sh3,000 for my child. Here’s a summary of my monthly expenses: Rent: Sh26,000; Utilities and WiFi: Sh6,500; Shopping: Sh20,000; Household daily expenses: Sh15,000; Transport, airtime and lunch: Sh15,000; Savings for my child: Sh15,000; Black tax (supporting family): Sh10,000.
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1 week ago | 
businessdailyafrica.com | Simon Mburu
I work as a sales assistant at a supermarket in Nairobi where I have been employed for the past 18 months. I earn a gross pay of Sh27,000 every month. A while back, I took a Sh100,000 microfinance loan to buy a dairy cow for my mum. Unfortunately, the cow died while calving. I have now been paying off this loan with monthly instalments of around Sh7,000. I will complete the loan in November. At the end of the month, I am left with around Sh16,500.
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2 weeks ago | 
businessdailyafrica.com | Simon Mburu
My name is Freddie. My monthly net salary is Sh170,000.
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2 weeks ago | 
businessdailyafrica.com | Simon Mburu
My name is Annalise. I am working as a secondary school teacher in Machakos County earning Sh21,000 due to loan deductions and expenses. I have a cyber café but the earnings are not much. I average between Sh800 and Sh1,000 per day. However, at the end of the month, I am unable to track where the cash goes and I don’t know whether I am making any profits after paying rent, buying accessories and paying the employee.
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3 weeks ago | 
businessdailyafrica.com | Simon Mburu
I would like financial advice on how to have a consistent budget plan without having to borrow from a bank overdraft and phone banking. This month, I have consolidated my debts and taken a Sacco loan to pay Sh5,500 monthly for the next few years. I will also be saving Sh4,000 monthly in the sacco. After that deduction and tax deductions, I get a net pay of Sh51,000. This is the amount I want to manage well. I don't pay rent or school fees, since my hubby does that.
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3 weeks ago | 
businessdailyafrica.com | Simon Mburu
I am 47. I earn an after-tax salary of Sh780,000 a month. My total monthly expenses are about Sh400,000, with the bulk being school fees for children. Above that, I have a mortgage loan of Sh136,000, Sacco loan of Sh252,000 a month and a personal bank loan of Sh54,000. After these payments I literally have nothing left. I do have a side hustle giving me about Sh300,000 a month and it is where much of the Sacco loan was invested.
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1 month ago | 
businessdailyafrica.com | Simon Mburu
I am a 26-year-old accountant earning a net salary of Sh34,000. I also earn an additional Sh15,000 from a side hustle. My monthly expenses are as follows: Sh20,000 for rent, shopping, transport, internet, and food, Sh10,000 for black tax, Sh14,000 for my master’s loan repayment. I save Sh6,000 in a Sacco and Sh4,000 in a money market fund. Currently, I am in my second year of a master’s programme and I am planning to take a Sh500,000 Sacco loan to start a business.
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1 month ago | 
businessdailyafrica.com | Simon Mburu
I work as an online tutor and do data entry for a home health nurse. I have no debt. My monthly earnings fluctuate, with my best month coming in at $6,200 (Sh800,000) and my lowest at $2,500 (Sh320,000) in 2024. I’ve earned $6,000 (Sh770,000) in my best month so far this year. My expenses include rent (Sh14,000), food (Sh10,000), black tax (Sh15,000), internet (Sh4,200 since I work from home), website hosting Sh3,225 per month and marketing (Sh5,000).
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1 month ago | 
businessdailyafrica.com | Simon Mburu
My name is Edith. I am 32 years old. My husband and I have an income of Sh460,000 per month. Below is our budget: Rent Sh41,000, Food and groceries 28,000, tithe Sh40,000, edu plan Sh15,000, house girl 10,000, WiFi Sh3,000, airtime Sh2,000, car fuel Sh18,000, gas Sh3,000, shopping Sh20,000, mum and dad Sh20,000, miscellaneous Sh10,000, self-care Sh20,000, bank loan Sh40,000 (bought land someplace that's far from both workplace), fees Sh50,000 per month (child and my master’s).
