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Help! I have a job and side hustle making Sh82,000 per month, yet I live hand-to-mouth

Reducing expenses will allow you to save and invest in profitable ventures, ultimately building financial stability.

Photo credit: Shutterstock
Simon Mburu

By  Simon Mburu

Contributor

Nation Media Group

My name is Marie. I earn a net employment income of Sh57,600, and I run a side business that brings in around Sh25,000 monthly after expenses. Here’s how I spend my money:

  • Rent for my home and business premises: Sh30,000
  • Support for relatives (Black tax): Sh10,000
  • Support for my mum and siblings: Sh10,000
  • Groceries: Sh12,000
  • Water and power: Sh1,500
  • Fuel: Sh6,000
  • Airtime and internet: Sh2,000
  • Salon, makeup, and clothes: Sh10,000

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