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What is a "good salary" in Kenya?
Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Flo-ology wrote:My monthly salary is about USD 7,000, wife is KES 150,000; all these gross. Two kids, elder one attending baby class. Got loans to pay, about KES 250,000. Net income from business venture KES 240,000(took a loan for this venture). Food and shopping take about 50k,rent 40k. My wife and I still in school-masters. Still feel that I am constrained since I can barely save 100k every month. My comfortable salary would be KES 1M. Gaddamit!Where do you take your salary? Formally employed people often live their employers' dream & forget about their own.
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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bird_man wrote:Flo-ology wrote:My monthly salary is about USD 7,000, wife is KES 150,000; all these gross. Two kids, elder one attending baby class. Got loans to pay, about KES 250,000. Net income from business venture KES 240,000(took a loan for this venture). Food and shopping take about 50k,rent 40k. My wife and I still in school-masters. Still feel that I am constrained since I can barely save 100k every month. My comfortable salary would be KES 1M. Gaddamit!Where do you take your salary? Asking the same question. Then I note it's a "hello" so most likely its just to keep the conversation going.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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FRM2011 wrote:bird_man wrote:Flo-ology wrote:My monthly salary is about USD 7,000, wife is KES 150,000; all these gross. Two kids, elder one attending baby class. Got loans to pay, about KES 250,000. Net income from business venture KES 240,000(took a loan for this venture). Food and shopping take about 50k,rent 40k. My wife and I still in school-masters. Still feel that I am constrained since I can barely save 100k every month. My comfortable salary would be KES 1M. Gaddamit!Where do you take your salary? Asking the same question. Then I note it's a "hello" so most likely its just to keep the conversation going. Probably an existing member
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Rank: Member Joined: 12/17/2016 Posts: 225
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FRM2011 wrote:bird_man wrote:Flo-ology wrote:My monthly salary is about USD 7,000, wife is KES 150,000; all these gross. Two kids, elder one attending baby class. Got loans to pay, about KES 250,000. Net income from business venture KES 240,000(took a loan for this venture). Food and shopping take about 50k,rent 40k. My wife and I still in school-masters. Still feel that I am constrained since I can barely save 100k every month. My comfortable salary would be KES 1M. Gaddamit!Where do you take your salary? Asking the same question. Then I note it's a "hello" so most likely its just to keep the conversation going. Well, this is the reality. And my life style is a simple one. Let me break down my family expenses. School fees for one year is around 1.5m this translates to around 125k a month. Rent, shopping, food and house help is around 100k, folks in shagz will take another 20k. Car fuel(2cars) is about 50k. Car miscellaneous like insurance roughly 30k. Family entertainment and eat outs will take about 30k. Harambees and contributions will take another 20k. Credit card repayments about 100k. What messed me up was managing credit cards. Net income from salaries for us is about 600k. Do the math... From my perspective what is enough is relative and your class plays a big part in defining your "comfortable salary". By the way my first born is 5 years and the little one 2 years. I am 31 years old and I project expenditure to go up very soon as time advances-much to do with kids education and probably I will need a bigger house. Reflection Eternal
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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Flo-ology wrote:FRM2011 wrote:bird_man wrote:Flo-ology wrote:My monthly salary is about USD 7,000, wife is KES 150,000; all these gross. Two kids, elder one attending baby class. Got loans to pay, about KES 250,000. Net income from business venture KES 240,000(took a loan for this venture). Food and shopping take about 50k,rent 40k. My wife and I still in school-masters. Still feel that I am constrained since I can barely save 100k every month. My comfortable salary would be KES 1M. Gaddamit!Where do you take your salary? Asking the same question. Then I note it's a "hello" so most likely its just to keep the conversation going. Well, this is the reality. And my life style is a simple one. Let me break down my family expenses. School fees for one year is around 1.5m this translates to around 125k a month. Rent, shopping, food and house help is around 100k, folks in shagz will take another 20k. Car fuel(2cars) is about 50k. Car miscellaneous like insurance roughly 30k. Family entertainment and eat outs will take about 30k. Harambees and contributions will take another 20k. Credit card repayments about 100k. What messed me up was managing credit cards. Net income from salaries for us is about 600k. Do the math... From my perspective what is enough is relative and your class plays a big part in defining your "comfortable salary". By the way my first born is 5 years and the little one 2 years. I am 31 years old and I project expenditure to go up very soon as time advances-much to do with kids education and probably I will need a bigger house. Which business is that that gets 240k per month??
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Rank: Member Joined: 12/17/2016 Posts: 225
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Mkondoa Macho wrote:Flo-ology wrote:FRM2011 wrote:bird_man wrote:Flo-ology wrote:My monthly salary is about USD 7,000, wife is KES 150,000; all these gross. Two kids, elder one attending baby class. Got loans to pay, about KES 250,000. Net income from business venture KES 240,000(took a loan for this venture). Food and shopping take about 50k,rent 40k. My wife and I still in school-masters. Still feel that I am constrained since I can barely save 100k every month. My comfortable salary would be KES 1M. Gaddamit!Where do you take your salary? Asking the same question. Then I note it's a "hello" so most likely its just to keep the conversation going. Well, this is the reality. And my life style is a simple one. Let me break down my family expenses. School fees for one year is around 1.5m this translates to around 125k a month. Rent, shopping, food and house help is around 100k, folks in shagz will take another 20k. Car fuel(2cars) is about 50k. Car miscellaneous like insurance roughly 30k. Family entertainment and eat outs will take about 30k. Harambees and contributions will take another 20k. Credit card repayments about 100k. What messed me up was managing credit cards. Net income from salaries for us is about 600k. Do the math... From my perspective what is enough is relative and your class plays a big part in defining your "comfortable salary". By the way my first born is 5 years and the little one 2 years. I am 31 years old and I project expenditure to go up very soon as time advances-much to do with kids education and probably I will need a bigger house. Which business is that that gets 240k per month?? Boutique. Reflection Eternal
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Rank: New-farer Joined: 10/3/2010 Posts: 35
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Flo-ology wrote:Mkondoa Macho wrote:Flo-ology wrote:FRM2011 wrote:bird_man wrote:Flo-ology wrote:My monthly salary is about USD 7,000, wife is KES 150,000; all these gross. Two kids, elder one attending baby class. Got loans to pay, about KES 250,000. Net income from business venture KES 240,000(took a loan for this venture). Food and shopping take about 50k,rent 40k. My wife and I still in school-masters. Still feel that I am constrained since I can barely save 100k every month. My comfortable salary would be KES 1M. Gaddamit!Where do you take your salary? Asking the same question. Then I note it's a "hello" so most likely its just to keep the conversation going. Well, this is the reality. And my life style is a simple one. Let me break down my family expenses. School fees for one year is around 1.5m this translates to around 125k a month. Rent, shopping, food and house help is around 100k, folks in shagz will take another 20k. Car fuel(2cars) is about 50k. Car miscellaneous like insurance roughly 30k. Family entertainment and eat outs will take about 30k. Harambees and contributions will take another 20k. Credit card repayments about 100k. What messed me up was managing credit cards. Net income from salaries for us is about 600k. Do the math... From my perspective what is enough is relative and your class plays a big part in defining your "comfortable salary". By the way my first born is 5 years and the little one 2 years. I am 31 years old and I project expenditure to go up very soon as time advances-much to do with kids education and probably I will need a bigger house. Which business is that that gets 240k per month?? Boutique. what kind of Boutique?I'm closing my hardware for the Boutique....  Emancipate yourselves from mental slavery
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Rank: Member Joined: 5/27/2016 Posts: 274 Location: Pub
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Everything adds up except the school fees ya 1.5M (Outlier) Pesa ya Masters iko apa? If yes then i dont see an issue . You truly live a simple life because you live in a 40k rent. Iyo fee inakumaliza, there is a "class issue apa" when it comes to fee. I think it is easier to control that fee now than later when the kids are all grown up. To date i still wonder how my dad a primary school teacher, educated the 4 of us in academies, has his own house na we ate chicken when on holiday. How did that Ninja hack? Damn plus he always drank daily na ni beers si busaa. You barely hack this in Nairobi. I work so I can afford the amount of alcohol required to continue going to work
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Rank: Member Joined: 12/17/2016 Posts: 225
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Ryko wrote:Everything adds up except the school fees ya 1.5M (Outlier) Pesa ya Masters iko apa? If yes then i dont see an issue . You truly live a simple life because you live in a 40k rent. Iyo fee inakumaliza, there is a "class issue apa" when it comes to fee. I think it is easier to control that fee now than later when the kids are all grown up.
To date i still wonder how my dad a primary school teacher, educated the 4 of us in academies, has his own house na we ate chicken when on holiday. How did that Ninja hack? Damn plus he always drank daily na ni beers si busaa. You barely hack this in Nairobi. MBA @ strath. Wife Masters fee in med and kindergarten fee for my son. Wish I had looked for MBA bargain elsewhere. Any way education is a good investment Reflection Eternal
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