Everyone wants to live in a good suburb with security, ample parking and all your other favorite amenities inclusive. This comes at a cost though, are you buying a lifestyle or living your normal life in that apartment? Well today we are breaking it down one by the other on finance discipline verse living your best life.


We have all heard the narrative that RENT should not be more than 30% or 25% of your monthly INCOME. This is a true and right calculation, if you earn Ksh 30,000 after tax then your rent should be between Ksh 7,000 to Ksh 8,000. Your utilities should be 3% to 4% hence your total expenses will be 33% up to 35% of your income.


You can tweak your expenses to fit your desires whether it’s 30% or 35% so that you don”t mess up other expenses like transport, buying groceries and maybe your lunch at work. When all of this are added together, that is housing, food and transportation they should not be more than 50% of your income. If you are living in a city like Nairobi then you will need to give up other things in order to keep your expenses based on the 50/30/20 rule, where 50% goes to necessities, 30% to your fun things and 20% savings.


Don’t live beyond your budget & try to generate more avenues for income.

QUESTION:  How do you manage financial discipline?