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Various ways of saving money as a young couple

07 July 2016, 16:01 Shakila Alivitsa

Cook more, eat out less

Older generation couple did not have such a big problem with this because the Nairobi food scene was not as evolved as it is today offering so many options. They never even had delivery. These days, if you get home and you do not feel like washing any utensils, you just order a pizza or even better, home cooked meal that is cooked in a restaurant and it is delivered to your doorstep.

Problem is, by the time you notice you are doing too much of take-away, you only have your fare left and no extra money. You ate well in the beginning of the month now you have to scrimp to get by. As a couple, it will eventually hurt you if you keep getting used to that.

Don’t get into the brand façade

They look nice but if you are a young couple just starting out, you should stay away from that until you are well settled in. Don’t splurge your savings when you initially move in together on getting brand items.

Have a budget

Even though most couples don’t like telling the other about their money, you both need to have a budget of your expenses. A budget helps in the management of funds. Agree on contributions and how each amount should go into food, bills and emergency funds.

Avoid taking too many vacations to expensive places

Wanting to go to Dubai is not a bad thing, unless you are earning 100k (let’s assume) and you want to make it an every month mission. You will be broke for life.

- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

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