Welcome to January, the month that often leaves us feeling financially drained and somber after the festive season splurge. After a season of merry making, nyama choma (roast meat), and junk-eating, this is the time when cabbage becomes a culinary favorite for many, signifying a return to frugality.
Enter January and you have rent, food, school fees, basic shopping and other bills to sort. However, you pockets have been dented by December holidays.
This particular month serves as a reminder of past financial missteps, often feeling like an extended chapter in the year. Referred to as “Chapter 1 of 12,” January presents an array of responsibilities, including school fees, uniforms, rent, and other essential expenses, all while wallets seem to have acquired a tear of their own.
In Kenya, this collective experience is aptly labeled “Njaanuary,” the month of pure hunger and struggles.
In the below article we delve into simple basic hacks of how to ‘survive January’.
1. Live on a budget
Navigating through this financial challenge requires a well-thought-out plan. Prioritizing spending becomes crucial—focus on essentials, suspend luxuries, and compare prices when making purchases.
2. Avoid unnecessary expenses
To weather the financial storm, consider trimming daily expenses. If feasible, opt for cost-effective alternatives like walking to work or using public transportation instead of driving. Explore cheaper monthly tariffs for calls and texts, and think about bringing homemade meals to work rather than dining out.
3. Sell unused items
Unlock hidden potential in your living space by selling unused items. Turn those forgotten belongings into cash, which can then be allocated towards pressing financial obligations.
4. Avoid moving around
While the temptation to venture out may be strong, staying home could be a practical decision. Consider the money saved from not fueling your car or paying public transport fares. Move only when necessary.
5. Make a list of lessons learned.
Try and remember a few things that you may have learned in the past year. Cheap diets, budget-saving hacks, anything that may have saved you a shilling or a dollar in the past year, please remember to try that in the new year. Even if it means buying cheap foods at wholesale prices, eating cabbage, etc…ensure that you keep that in mind.
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This January, do not make any resolutions, just make some good plans. However, make sure you ‘survive’.
