How to budget Ksh 30,000 salary in Kenya

Ksh 30,000 salary is not a lot of money, to budget for it is not easy. You have to come up with a tight budget, otherwise you will be surviving on loans.

I have been on this salary sometime back and this is how I budgeted for it.

House rent Ksh 5,000

Shopping and food Ksh10,000

Transport Ksh 5,000

Other expenses Ksh 5,000

I used to save Ksh 3,000 to Ksh 5,000 per month.

I opened an account with one of the Saccos in Kenya and purchased shares. Every year I was earning dividends. I also started selling smartphones, shoes and clothes online to supplement my income.

What saved me was the fact that I had an insurance medical cover, our company provided for it—I didn’t incur medical expenses.

I also avoided alcohol, girls and other destructive habits like betting. So my money was spent where necessary.

The amount of money to spend on food, rent and transport will depend on which town you live.In Nairobi, those things are very expensive. You will hardly find a house charging rent of less than Ksh 4,000 unless you live in a pure slum like Korogocho or Mukuru.Ksh 4,000 to Ksh 6,000 is either in a bedsitter or single room. Such houses are found in Kayole, Pipeline or Githurai.

In case you have a family you live with in town, Ksh 30,000 may not sustain you—you will strain a lot.You are required to set up a business for your wife who will help foot some bills. Don’t allow her just to sit at home doing nothing.

The salary is also not enough to let you own a car.A car requires servicing, insurance and fuel.You need a minimum of Ksh 10,000 to fuel a car for one month, which is a third of your salary.

The most important thing to do is to set up a business to supplement your income or invest the money in a Sacco where you can take a loan and start a business or build your own house in future.