- Create a budget
- One smart way to manage your money and hopefully hold on to more of it is to follow a budget, which means comparing your income to your expenses and setting priorities for your spending.
- Set savings goals
- Set a specific but realistic goal. It may be “save at least kes 12,000 in your Sacco savings this year.”
- Track spending
- Keep track of your monthly cash flow — your income minus your expenditures. This step will also make it easier to mark progress toward your savings goal.
- Create a budget
- One smart way to manage your money and hopefully hold on to more of it is to follow a budget, which means comparing your income to your expenses and setting priorities for your spending.
- Set savings goals
- Set a specific but realistic goal. It may be “save at least kes 12,000 in your Sacco savings this year.”
- Track spending
- Keep track of your monthly cash flow — your income minus your expenditures. This step will also make it easier to mark progress toward your savings goal.