I’ve been earning Sh50,000 for 7 years but have nothing to show

Your goals have to be aligned with your budget and make better decisions about where and how to save more, and how to also enjoy life as you save.

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My name is Earl. I work in the pharmaceutical field where I earn a gross salary of Sh50,000. I have worked in this field, earning this money for seven years. In that time, I have saved nothing. I don’t know how to save or invest or even budget my money, yet I have a wife and three children.

The only expenditure I am sure about is Sh7,000 which I pay as rent for the apartment we live in. Please help me with a savings and investments plan. I am desperate to turn my financial life around.

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