My name is Roseline, and I’m 18 years old. I’m currently at university and receive funding from the Higher Education Loans Board (HELB). I’d like advice on how to manage my HELB upkeep money more prudently. I receive Sh30,000 per semester, and my essential expenses are minimal since I live with my parents and don’t pay rent or food costs. I want to save this money for the future or invest it in a savings account where it can grow at a good interest rate.
The main reason I’m seeking help is that I’ve realised I’m not spending this money wisely. Last semester, I wasted all of it on unnecessary things. Now, I want to save and invest in upgrading my skills, such as learning to drive (which will cost around Sh20,000) and completing a barista/mixology course (around Sh35,000). Additionally, I’ll be moving to Kerugoya for my attachment in April, which means I’ll need to rent my own house. Could you kindly guide me on how to manage this better?
