I earn Sh256,000 and Sh65,000 goes to statutory deductions. Other breakdowns are as follows. Sacco loan 1 - Sh77,000 to run for 12 months, Sacco loan 2 - Sh14,000 for 24 months, insurance policies Sh13,000, Sacco savings Sh4,000, house rent Sh11,000, house expenses and children’s fees Sh58,000. After attending to all the above, I am left with too little to invest. The loan was spent on acquiring land. My family has expanded and traveling without a car is difficult. What can I do?
Chacha Nyaigoti Bichang’a, a financial coach and the author of Mastering Your Money
