Here are 10 best ways on how to save money in 2024 to become financially independent.
Always have a target to achieve, like how much you want to save daily, weekly or monthly, put it down on paper to guide you.
Identify where you are/will be going to save; it could be a Bank, safe, Sacco, Money Market fund, M-swari, Insurance Policy etc.
Identify two or three people who share similar interests in saving like you: who will keep each other in check and encourage each other.
Join a Chams: contribute religiously as if your life depends on it.
Have monthly budgets before you start spending and stick by them. Keep away from impulse buying and numerous debts.
Cut back on bad habits like drugs, alcohol, paid hookups and gambling.
Cut down on numerous weddings, baby showers, and birthday parties.
Keep distance from online get rich quick SCAMS.
Look for a way to increase your income by getting a side-hustle, improving your Business or advancing in your career.
Buy assets as they will be beneficiary in the long run. Avoid liabilities like plaque.
Use the money saved to start a business in 2025 and see how your financial muscles grow.
