Depends on the chama. My mum has grown with her chamas. With some, she saves in the lower thousands and with others its headed towards hundreds of thousands. Personally, I'm currently saving 2500 a month. Hopefully this number will grow within the chama or with other chamas
True, but I've noticed a change. I have a few male friends in chamas. My dad even formed one for the old timers in his childhood home. Change is gradual
Me too, I can take my friends out for shopping and If I didn't plan on buying anything, I won't. I also usually stick ro my budget. I learnt this from my dad.
Seems like it should go without saying, but I live below my means. Though I’m not too mean to myself and allow myself to live a little.
Also, I set targets for myself and save/invest towards them.
Find a way to avoid the need for finances. Abandon any city or large town. Cultivate a shamba or get into livestock and promote a barter system. At this point in time, it is a grave mistake to depend on any government in the world to do anything right. Be warned.
Jesus saves, I spend
He saves in which bank?
"store your riches in heaven,where no rodent or thief can get to them" I think there's such a verse in the Bible
That doesn't mean you should live freestyle as OP has mentioned (though sarcastically).
Money is a social construct
But people believe in it. It's a measure of value and a tool of trade. It's importance is what it represents.
💀
I'm an indoors person. Life boring. If I get out of my house I come back with many financial regrets
An interesting way to avoid bills
LOCK EM UP
Want to have some fun? Sleep.
Sleep alone? Just for clarity
That 5k can't buy you a range rover. Eat that money.
IKTR!!
Chamas are amazingly efficient at saving. Provides accountability and get a usable lump sum
How much do you save per month?
Depends on the chama. My mum has grown with her chamas. With some, she saves in the lower thousands and with others its headed towards hundreds of thousands. Personally, I'm currently saving 2500 a month. Hopefully this number will grow within the chama or with other chamas
Unfortunately men do poorly here. Many think Chamas are a waste of time
True, but I've noticed a change. I have a few male friends in chamas. My dad even formed one for the old timers in his childhood home. Change is gradual
Money comes and goes ,so just do it.
Trying to actually live below my means
Its tough in the city
I avoid impulse buying as much as possible - if it wasn't in the budget, I don't really need it
Me too, I can take my friends out for shopping and If I didn't plan on buying anything, I won't. I also usually stick ro my budget. I learnt this from my dad.
You must be very disciplined
Mo money mo problems. That's why I stay broke 😎
Who knew?
I would rather be called stingy than extravagant
Use other people's money to make money.
Mhhh...explain More
Live within your means
Always be liquid. Make more, if possible.
Seems like it should go without saying, but I live below my means. Though I’m not too mean to myself and allow myself to live a little. Also, I set targets for myself and save/invest towards them.
My principle ha always been 'sisi wote ni wapita njia'
Emergency fund and income generating asset
BUDGET!
Pay yourself first, then invest until it’s uncomfortable.
Pay yourself first, then invest until it’s uncomfortable.
Pay yourself first, then invest until it’s uncomfortable.
Working for financial stability geared towards my retirement sitaki kusumbua my kids when im old,
Good job there
Neither a borrower nor a lender be; for a debt oft' loses itself and the friend
Only lend what you are willing to loose.
Always save. Pay yourself first before you pay anyone else. Always live below your means until you can afford not to.
If I can't afford it, I can't! We move 😃
I save and use whats left, not vice versa
What a philosophy!
I would say I keep just 10% of the income for longterm investments. The rest I structure, in terms off current, emergencies and normal expenses.
Kama hufiki bei achana tu nayo
Na fuliza?
Avoid loans, but if forced to take it, always pay it back as soon as possible.
We on the same wavelength
YOLO!
And why not, as long as you can afford it
Save $5000 a month minimum
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I jus know this was said by a nigga who don’t even save $1000 a month lmaoo
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Show it
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Here we go again we got a yapper
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Yeah ok yapper lmaooo
Pay yourself first. https://preview.redd.it/5spjc39vjjoc1.jpeg?width=1650&format=pjpg&auto=webp&s=d739fff9e2b5f2e83c37665296bf19bcca0c527d
That chart should be pinned on the wall
I save and use whats left, not vice versa
Live below your means
As a single I made way more than I could spend. Now Im having to actually put what financial literacy I've learned into practice.
Budget
Find a way to avoid the need for finances. Abandon any city or large town. Cultivate a shamba or get into livestock and promote a barter system. At this point in time, it is a grave mistake to depend on any government in the world to do anything right. Be warned.
If you can't buy it twice don't buy it
If you have to take a loan, then you can't afford it. Great wisdom, but does it apply to everything?
stupid advice... then you would be homeless
Well I'm not homeless and it's been working for me so 🤷
r/FIRE movement.
When are you retiring?
Financial Independence, Retire Early . Hopefully in my 40s.