Tricks to Prepare for Tough January

Every year, most Kenyans are left in financial shock after overspending in December during the festive season.

Around December, most employed people receive salaries around the 20th to help them prepare for the festivities.

The money is then spent on travel and buying various items as most family members are at home.

By the time January reaches, most people are always broke and end up falling into debt.

To help Kenyans navigate January 2024, Nairobileo.co.ke has compiled some cost-cutting measures, especially for this December period.

Cut on Luxuries

Most people tend to buy new and expensive clothes during this period. Others go for designer perfumes and other accessories like new phones and watches.

To help navigate January, it is essential to budget the money which will be spent on luxuries to avoid impromptu buying.

Avoid Unplanned Travels

During the December period, most people organise all types of parties which require a lot of travelling.

Some are graduation parties, circumcision, birthdays and even get-togethers.

Financial experts opine that in order to save some money for January, it is important to reduce and even turn down unplanned travels.

Budget for School Fees Before Christmas

School fees is one the headaches parents deal with in January. Most of them spend their money during the December holidays and end up broke in January.

To avoid finding yourself in such a situation in January 2024, planning for school fees and other required items in December is advised.

Look for Short Term Jobs

Extra income is vital in helping one to survive through January 2024.

Instead of spending the entire December period partying and watching every movie you missed, it is advisable to find some short-term jobs.

The short-term jobs include online writing, tutoring and even temporary consultancy roles.

Although the pay may be little, that extra money can help one survive in January, especially after overspending in December.

These short temporary jobs will also help individuals from falling into debt traps.