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Help a wazuan budget his salary
Vallerrie
#31 Posted : Monday, March 25, 2013 3:35:48 PM
Rank: Member

Joined: 11/1/2012
Posts: 290
Njung'e wrote:
30K gross?.....To be honest,there are soooo many start-up biz which require next to nothing capital and they will be giving you way above that in very little time.....I hope i don't sound snobbish.


Yes you do.
Angelica _ann
#32 Posted : Monday, March 25, 2013 4:38:02 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Poor gal 2k per month. Sad Sad Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
iller
#33 Posted : Monday, March 25, 2013 5:12:37 PM
Rank: Member

Joined: 3/25/2013
Posts: 552
Location: Asgard
Angelica _ann wrote:
Poor gal 2k per month. Sad Sad Sad


Laughing out loudly Hate speech
Impunity
#34 Posted : Monday, March 25, 2013 8:52:43 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
essyk wrote:
dealmaker wrote:
First let me congratulate wazuans for being a great people.I graduated last year August and I have secured a job with a gross salary of 30k,which I think will come to 24500 after HELB,NSSF,NHIF and tax.The work place is along Mombasa road.I currently reside upcountry.My budget is as follows:rent 3000,fare 3000,food 3000,airtime 1000,household items 3000,clothes 2000,girlfriend 2000,parents 2000.pocket money 1500,savings 4000.Is it a good budget and where can I improve on?Where can I invest the savings?


These are provincial figures.
Not realistic I have to tell you.
Earn and evaluate how you it's spent first, only then can you come up with tentative figures.


You haven't factored in electricity and water cost,fare,emergencies,michango hapa na pale,garbage collection,repairs.
Your food budget is sh 3000 but food prices keep fluctuating.What are u using to cook the food? gas,charcoal or stove,Ni ngumu to be exact.
Lol @ gf sh 2,000.If she's the type that relies on you for everything from hair,clothes,fare to airtime then triple that.

My small advice is,double the figure for each expense to be safe.


Anaanika kwa jua kisha antafuna tafu-tafu!

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

newfarer
#35 Posted : Monday, March 25, 2013 9:06:27 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
in a country where 46% of the population lives on less than 3000/- a month 90/- a day.
30k is alot for a starting salo. maze huko mbele.
I didn't know that wazuans are this out of touch to assume 30k is peanuts.

dealmaker keep up the saving culture.
punda amecheka
nakujua
#36 Posted : Monday, March 25, 2013 9:54:41 PM
Rank: Elder

Joined: 12/17/2009
Posts: 3,583
Location: Kenya
Angelica _ann wrote:
Poor gal 2k per month. Sad Sad Sad

Laughing out loudly
poor dude, only one girl
radio
#37 Posted : Monday, March 25, 2013 10:09:07 PM
Rank: Veteran

Joined: 11/9/2009
Posts: 2,003
nakujua wrote:
Angelica _ann wrote:
Poor gal 2k per month. Sad Sad Sad

Laughing out loudly
poor dude, only one girl


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Impunity
#38 Posted : Monday, March 25, 2013 11:52:57 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
radio wrote:
nakujua wrote:
Angelica _ann wrote:
Poor gal 2k per month. Sad Sad Sad

Laughing out loudly
poor dude, only one girl


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


Not talking Not talking Not talking
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Zenge
#39 Posted : Tuesday, March 26, 2013 1:10:54 AM
Rank: Member

Joined: 4/7/2011
Posts: 105
24k Salo Net is alot of money for a fresh graduate (comparatively) Note the dude is from upcountry. Lots of people are doing just fine with much less. Its just about planning, planning, planning and live your life no matter what. I started with 7500 (around 10yrs ago) worked hard doubled the salo in 9 months, doubled again in 1 yr.... and its been like that. Work hard for your new employer. you will go far brother.
Kaka M
#40 Posted : Tuesday, March 26, 2013 1:02:16 PM
Rank: Member

Joined: 4/18/2011
Posts: 459
Abit late though I guess still relevant, As soon as possible join a Sacco and have the 4k paid religiously every month. Make a mental note that your salo is 20.5k after sacco deduction and budget with that,to prevent the temptation of reducing the savings.
I like your idea of buying clothing and households soon, I wish I had done the same.(I avoided this to save everything to start a biz so I could make enough money to buy all that and remain rich but it's easier said than done but once you buy households they give u time to concretrate on bigger things.)
Most businesses(whatever size) require lots of time and other resources to get off the ground and alot of skill to sustain. Ain't discouraging you though, arm yourself with as much info as you need to start, sustain and benefit from a business if you will choose to go that way in future.
Meanwhile keep it as simple as possible(like u have narrated) until such a time that you have a strong foundation, for the journey ahead is a long one.
There is a theory that expenses increase to meet increased income so if you can avoid some of this temptation the better.
N just one more paraphrased statement from a man who was due to retire very rich,(for whomever it may be relevant,) we don't buy food, rent, fare etc when we get better salaries, saving should also be treated the same as one of those basic needs.)

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