Simon Mburu - Profile and Journalist Details
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Simon Mburu
Verified
Writer, Daily Nation
Beats
Digital Media Tech Trends Human Interest
Cryptocurrency, Investing
Content
By Simon Mburu Verified| Business Daily Africa Verified I would like financial advice on how to have a consistent budget plan without having to borrow from a bank overdraft and phone banking. This month, I have consolidated my debts and taken a Sacco loan to pay Sh5,500 monthly for the next few years. I will also be saving Sh4,000 monthly in the sacco. After that deduction and tax deductions, I get a net pay of Sh51,000. This is the amount I want to manage well. I don't pay rent or school fees, since my hubby does that.
By Simon Mburu Verified| Business Daily Africa Verified I am 47. I earn an after-tax salary of Sh780,000 a month. My total monthly expenses are about Sh400,000, with the bulk being school fees for children. Above that, I have a mortgage loan of Sh136,000, Sacco loan of Sh252,000 a month and a personal bank loan of Sh54,000. After these payments I literally have nothing left. I do have a side hustle giving me about Sh300,000 a month and it is where much of the Sacco loan was invested.
By Simon Mburu Verified| Business Daily Africa Verified I would like financial advice on how to have a consistent budget plan without having to borrow from a bank overdraft and phone banking. This month, I have consolidated my debts and taken a Sacco loan to pay Sh5,500 monthly for the next few years. I will also be saving Sh4,000 monthly in the sacco. After that deduction and tax deductions, I get a net pay of Sh51,000. This is the amount I want to manage well. I don't pay rent or school fees, since my hubby does that.
Company Info
Daily Nation
Nation Media Group (NMG) is the largest independent media house in East and Central Africa, established in 1959 by His Highness the Aga Khan. Originally founded as East African Newspapers (Nation Series) Ltd, NMG has grown into a multi-media organization with operations in print, broadcast, and digital media across Kenya, Uganda, Tanzania, and Rwanda. NMG publishes several prominent newspapers, including the Daily Nation in Kenya, the Monitor in Uganda, and Mwananchi in Tanzania, which are among the most widely circulated in the region. The group also operates radio and television stations in Kenya, providing a mix of news, entertainment, and educational content. Additionally, NMG maintains a strong online presence with digital editions of its newspapers and various platforms that cater to a global audience. Committed to integrity and transparency, NMG aims to positively influence social, economic, and political progress through its journalism.
Kampala, Kenya, Nairobi, Uganda
+254 722 824867
Founded: 1959