True. After a while though it becomes a habit, and habits are not that difficult. Try it with your next salary raise. Just save it all. When you move to a new job paying better, do not adjust your standard of living. Carry on living at the lower salary level and save the rest. After a while you will not miss spending the extra.

I would not advise a sacco. they claim to give u x3 but a third of this money is urs. So u end up paying interest on ua own savings! Better to patiently build up a interest free downpayment

Crap. Who gets the interest you end up paying on your savings? Yourself.

Thanks guys, learning a lot. On the line of investments, me and a friend had this dilemma, couldn't get where the snag usually is.

If one has prime land, can s/he approach a bank to finance the construction of commercial/residential property.

Here's the maths: 5 floors with 8 units on each floor. Estimated cost: 25m. Estimated revenue per month: 10k*8*5=400k per month.
Estimated duration to pay off=8 yrs, paying about 300k per month....and after the 8yrs, its a home run with 400k gross.

Is that something that one can work on with a bank? If it is, why is it not being explored? Any snags?