Money Secrets: 7 Ways To Save Money When You Don't Earn Alot In Kenya

Many people want to save money from a small salary in Kenya, but have no idea how many little expenses slip through the cracks. A few coins here, a few coins there; it all adds up. Whether you earn small or big salary, here are the practical ways you can save more monthly income and become a millionaire after a short time.
Trim your budget by adopting these everyday habits that help you save more money.

Simple Practical Ways To Save More If  You Earn Little Salary In Kenya

1. Live within your reach
This simply means only spending your salary for the basic needs. The simple rule here is to forgo luxuries and focus on saving for the future. This is the only way to ensure that you live a comfortable life devoid of debt.
Do you need to continue living in your nice home, or could you downsize to a smaller apartment and rent out your current dwelling? If you are the type of person who earns 30K and pays a rent of 25K, it is time you moved. Be realistic in your expenditures and avoid straining yourself.
Cut back on any unnecessary items such as clothing, shoes, furniture, restaurant meals, alcohol, cigarettes, cookies, pop, potato chips, cable television – anything that isn’t strictly necessary.
2. Look for Ways to Earn Extra Money
A side hustle does not necessarily have to be a second job, it can be an investment or a hobby that you feel can be profitable. This will go a long way to ensuring that you always have some extra cash coming in, and this will help you save for the future.
Sell some of the items online but within your reach. Find a freelance or consulting gig to generate side income.
Although not many people know this, trading in shares is very profitable (if done the right way) and most Kenyans today, survive on the dividends that they get from it. This could be a wise side hustle to look into.
Also Read >>> Best Saving Tips In Kenya If You Earn Between 15-50K
3. Buy items in bulk
If you’re going to buy food in bulk, you need to know how to store food in bulk. Because you don’t want things to go bad before you use them, and you definitely don’t want to create pest problems for yourself.
Many fruits and vegetables — apples, pears, onions, potatoes, winter squash — are ideally suited to long-term storage. Just find a cool, dark place to store them, and they’ll keep for months.
Meat and veggies, by contrast, expire quickly, so buy only as much as you’ll realistically use.
4. Make a list before you buy groceries.
Food can easily be one of your biggest expenses. Grocery stores in Kenya are designed to entice you into buying impulsively.
Even cooking at home can be expensive, depending on the ingredients you choose to buy. It can be even more difficult if you are focused on eating healthy and organic options instead of the junk food that is often cheapest at the grocery store.
5. Carry packed lunch to the place of work
Fast food prices in Kenya have gone up over the last few years, and eating out a nicer restaurant for lunch can cost even more.
Cutting eating out at lunch can easily save you more than 5,000 a month. You can use several lunch savings ideas to help you cut costs. These include eating leftovers, packing your lunches at the beginning of the week, and doing a lunch exchange at work.
All of these ideas can help reduce your food bill. Just carry your lunch with you to the workplace.This gives you more control over the food that you eat and gives you the option of making and eating healthier meals.
6. Compare prices before buying anything in-store
If you have a smartphone, download a free app that lets you scan the barcode of items so that you can instantly see its prices online.
Some retailers sell higher yet others sell cheaper for the same product. Don’t just buy because you want to buy. It will cost you a lot if prices not researched well.
7. Cut on transport
The only way to cut on transport costs in Kenya and especially in Nairobi, is to leave home early and leave the office late. In this way, you are always moving against traffic at off-peak hours and you end up paying less.
Choose cheaper transportation like buses, which people avoid because they are crowded. What is a little discomfort when you are looking to survive.
In the end, it is very possible to save more income on a small salary. Try as much as possible to implement these ways, especially those that work  for you.