My name is Linet and I am 29 years old. I have a job where I earn Sh200,000 net per month. I have a bank loan of Sh3 million at an interest rate of 18 percent per annum with a balance of 77 months. I have an emergency fund of Sh200,000. I also have a car with a resale value of Sh1.2 million that I would like to get rid of. I have Sacco savings of Sh250,000. My monthly expenditure is as follows: loan repayment Sh65,000, rent Sh21,000, house bills Sh10,000, Sacco Sh10,000, groceries Sh10,000, hair and nails Sh8,000, fuel Sh10,000, miscellaneous Sh15,000, clothing Sh10,000, black tax Sh15,000, car insurance Sh4,000, tithing Sh20,000, excursions Sh8,000. I want to be debt-free by the age of 30 and start investing wisely. Please help me.
