Question: My name is Gerald. I am single, and my net salary after statutory deductions is Sh35,000. My budget is as follows: Rent Sh13,000 for a one-bedroom house, bus fare Sh3,500, power Sh500, garbage Sh200, water Sh700, food Sh4,000, mum and siblings Sh5,000, girlfriend Sh4,000 and mobile loans Sh4,000.
I have been in employment for nearly one year now, but I don’t have any savings. I am in a cycle where I have to pay off one mobile loan and borrow another the very next minute to survive.
