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How much cash to save in each month?!

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Nzi, Nov 28, 2011.

  1. Nzi

    Nzi JF-Expert Member

    #1
    Nov 28, 2011
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    Salaam wanaJF!!

    Suala la kufanya savings kwa kila mwezi ni la muhimu sana kwa ajili ya kujiwekea mazingira mazuri kwa nyakati zijazo.

    Tatizo ni kwamba, katika kiwango cha kufanya hiyo saving ndicho kinakanganya:

    i. wengine wanasema asilimia 10 ya kipato chako cha mwezi How Much Money Should I Save?
    ii. wengine asilimia 30 ya kipato cha mwezi Limit spending to 60% of income and save more - MSN Money

    Sasa kwa kweli nashindwa kuelewa!!!

    Hivyo mwenye ujuzi na uelewa zaidi katika jambo hili naomba msaada.
     
  2. Abdulhalim

    Abdulhalim JF-Expert Member

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    Hizo tentative calculations are not realistic huku uswazi mkuu. We kama uko dunia ya kwanza utakuwa na fursa ya kuishi maisha ambayo ni predictable hivo kuplan ni rahisi kidogo. Huko unaeza ukaishi miaka 5 bei ya vitu muhimu haijapanda..huku kwetu uswazini kila event inatokea kiajali ajali na hata ela yenyewe ya manati, mazali na mamzabe. Sasa matumizi ndio hizo sporadic kichizi na halafu umati mwingi unaishi chini ya dola moja.
     
  3. BONGOLALA

    BONGOLALA JF-Expert Member

    #3
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    salary yenyewe haifiki tar 10 labda uwe mwizi na unapate vi posho vya semina,warsha,workshop,vikao!
     
  4. Nzi

    Nzi JF-Expert Member

    #4
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    Kwaiyo unashauri tusiwe tunafanya hata ka saving kidogo? Mkuu kwa elimu ndogo ya uchumi, nafahamu fika kwamba personal savings zina faida kwenye micro and macro economies. Sasa tusipo advocate savings uchumi wetu (real and national economy) utakua kweli?
     
  5. Abdulhalim

    Abdulhalim JF-Expert Member

    #5
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    Sijaadvocate tusisevu mwanangu, i am just being realistic..kama unaishi chini ya dola 1 or lets say 2, hata hicho utakachosevu kitanunua nini baada ya say 10 years wakati nguvu ya shilingi yenyewe ni kichekesho, inflation ya kufa mtu wakati interest rate zinarenji kwene 2-10%?
     
  6. Chasha Poultry Farm

    Chasha Poultry Farm Verified User

    #6
    Nov 28, 2011
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    MKUU HAPO UNATAKIWA KU APPLYA EQUATION YA WEALTH, UKIITUMIA HIYO UMEFANIKIWA. EQUATION OF WEALTH INASEMA HIVI ILI KUWA UTAJILI AU PESA NI LAZIMA MAPATO YAZIDI MATUMIZI,


    BAADHI YA NJIA WANAZO TUMIA WALAMI KATIKA KU SERVE, NA NDO BAADAE WANAKUJA KUTALII HUKU TUNAWAONA WANA PESA NYINGI SANA KUMBE HAMNA
    1. I use a points or a cash back based credit card that gives me the best return for my spending. Here's a post and picture of what's in my wallet.
    2. When making a big purchase, like a mortgage or a vehicle, I negotiate and shop around for the best rate. This will save you thousands in the long run.
    3. I drive with gas efficiency in mind.
    4. I arrange my banking so that I don't pay any fees and use a discount brokerage that minimizes my trading expenses. The current favorite of Million Dollar Journey readers for a low cost, no frills discount brokerage is Questrade (I have a TFSA and RRSP with them).
    5. I try to save energy around the house with CFL's, programmable thermostats and proper insulation.
    6. We do laundry once / week.
    7. I brown bag my lunch to work.
    8. I prepare my lunches in bulk and store them in individual plastic/glass containers.
    9. I cook at home whenever possible.
    10. I perk my own coffee.
    11. When buying consumer items, I try to separate my "needs" and my "wants".
    12. When I find something that I "need", then I do comparison shopping or wait until it goes on sale.
    13. I don't smoke, do drugs, or drink (too much). :)
    14. I use basic cable instead of the fancy cable packages.
    15. I combine my cable/internet/telephone with the same provider to take advantage of the discounts available.
    16. I watch movies at home (rent DVD's online) instead of going to the movie theater.
    17. I use term insurance instead of universal life or whole life insurance.
    18. As with anything else, I shop around for my insurance products.
    19. I pay a higher deductible on insurance products to reduce the premiums.
    20. I buy with quality in mind in the expectation that it will last a long time.
    21. To please my reading habit, I go to the library (or get publishers to send me free books for review) :)
    22. I make my deposits into my high interest rate savings account and RRSP automatically on a bi-weekly basis. Basically when I get my paycheck.
    23. When purchasing a home, I save for a large down payment to reduce mortgage insurance fees (CMHC).
    24. I buy clothes when they wear out, not when they go out of style.
    25. I track my spending/budget with Microsoft Money.
    - KWENYE NO 7, HAPO SISI WABONGO TUNAPENDA SIFA SANA, MTU ANAONA AKIBEBA MSOSI WAKE NA KWENDA NAO KAZINI ATAONEKANA MSHAMBA, KILICHO BAKI NI KUTOANA LUNCH TU , TENA ZILE SEHEMU AMBAZO NI VERY EXPENSIVE.

    ZINGINE NI HIZO HAPO

    [​IMG]
    Let's keep this one simple and clean - just a bunch of relatively easy ways to save money. As you incorporate more and more of these tips into your life, the savings add up and it wouldn't surprise me if you could save thousands over the course of a year.

    It will take a little work on your part but those thousands of dollars in savings are what helped us get out of debt earlier, kept us out of debt for several years and will hopefully help us pay off our recent auto loan soon as well.
    1. Cook at home often: If both the husband and wife work, this is likely to be very difficult. Start out with the habit of cooking at home once a week and slowly increase the frequency until you find a balance between saving money and getting stressed out.
    2. Make your own coffee: Everyone seems to have heard of the latte factor. Even though the author may have overestimated the savings from skipping a latte at Starbucks, don't underestimate the ding it puts in your pocket in the long run. You don't have to entirely ban drinking coffee, but skip it as often as possible unless you make it at home.[​IMG]
    3. Brown bag lunch at least a few days a week: Lunch times are great opportunities to network and make connections that could improve your career growth. So unless there is a common eating area for brown baggers, you may choose to limit brown bagging lunch to three days each week. Find a balance between saving some money and making the connection. In my case, I take my lunch with me 2-3 times a week and eat out the rest of the time.
    4. Make a list before going shopping: They call it impulse buying for a reason. Humans simply have a very tough time resisting the temptation to purchase extras while shopping. Without a list you will buy items that you simply do not need. Even worse is when your forget to purchase the actual item you came to the store for in the first place. If you plan on cooking at home, pre-plan a rough menu and make a list before you go grocery shopping. Getting all that you need in one trip can help avoid another unnecessary trip and temptation.
    5. Go grocery shopping while you are in a hurry: Maybe you need to go out in a couple of hours. Or your favorite show is going to be on TV after a couple of hours. Try to squeeze in the grocery trip in that intermediate time. Armed with your grocery list, you should be in-and-out very quickly with little time for meandering and getting tempted to buy things you don't need.
    6. Watch out for expiration dates on perishable goods: This one seems intuitive when you read it, but I am surprised at how many people do not pay attention to expiry dates. No point getting a gallon of milk if it is going to turn sour with a couple of days. Same goes for meat, eggs, yogurt, spreads, frozen items, deli/bakery items etc. Some people say you can use a few items a few days after expiry – but I personally value my health more than money and would rather avoid buying such items in the first place.
    7. Buy in bulk whenever possible: When it comes to non-perishable items, buy in bulk whenever you find something on sale. The items I usually stock up on are, cereals, tinned goods, rice, beans, pasta, coke, toothpaste, body wash, shampoo, toilet paper etc. For such items, shopping at warehouse stores like Costco, Sam's Club etc can save you quite a bit of money, provided you stick strictly to your shopping list when you shop at these places.[​IMG]
    8. Buy generic products whenever possible: Does it really matter whether your cereal is made by Kellogg's or is the store brand? Does it matter if your milk is Oak Farms or the store brand? For a few things (like soda in particular), I prefer brand name products. For others, I do not mind generic store brands if they can save me money. Find what works for you and switch to generic brands for at least a part of your grocery list.
    9. Use grocery store bags to line trash cans: This may not work if you use a massive trash can but we use a small sized one for which the grocery bags are a perfect fit. This not only helps us save some money, but reduces our environmental foot print and avoids the kitchen from stinking from a huge overflowing trash can.
    10. Consolidate and pay off debt as soon as possible: If you carry any debt, focus on consolidating it to a lower interest and paying it off as soon as possible. Money paid in interest is money thrown away! Why spend your hard-earned cash to make the financial institutions rich?
    11. Pay your bills on time and avoid late fees: Get organized about your regular bills. If possible, automate the payments. Most utilities and other recurring bills can be set to be charged to a credit card or deducted from a checking account these days. Also, many banks offer free bill pay programs. So there really is no excuse for forgetting to pay a bill on time and forking out the late fees. Say, by chance you do forget a bill, if you are a first time offender, call the company and request politely to waive the late fees, and more likely than not, they will oblige.
      [​IMG]
    12. Be aware of your bank balance and avoid over draft fees: If you use your checking account often or have some bills that are paid automatically from your checking account, be aware of the balance and avoid overdraft fees.
    13. Avoid ATM fees: Be aware of the ATM withdrawal fees charged by your bank. While some banks waive fees for all ATM transactions on any ATM machine, most don't. So be sure to use only those ATM machines where your bank will not charge the fees, or withdraw directly at your bank.
    14. Avoid credit cards with annual fee: Credit cards with their cash back bonuses and reward points are a great way to save some money. Just make sure that the card does not charge you any annual fees! There is no dearth of cards that offer fee-free reward plans, so there really is no reason to pay the annual fees.
    15. Disconnect land line if possible: Unless you have small kids in the house or older people to take care of, it is more than likely that you will be able to survive with only the mobile phones and can get rid of the land line. We have survived without any problems for over 4 years now with out a land line. Our Internet comes via cable.
    16. Instead of buying books, borrow books from the library: Whenever possible, borrow your books instead of buying them. The card to your public library is free and the libraries are generally well stocked. In my city, the chain of public libraries is connected and the available books can be checked online. If there is some book that I cannot find in my local branch, I can make a request online for it to be brought in from one of the other branches to mine which is very convenient.
    17. If you have to buy books, check if you can buy it used: Used books do not quite give the same feeling as leafing through the crisp pages of a brand new book. But considering that you can get used books for almost as much as half the price of a new book, it is a small price to pay. My favorite place to buy used books is a local chain called "Half Price Book Store". Check if you have something similar in your city. For text books, look online on bulletin boards, mailing lists etc, and price compare on websites like addall.com.
    18. Price check before buying anything expensive: For other items that are expensive, do a price check before buying the item. If you can wait for a while you can track the prices and grab a great deal when it comes along. Frequently available online coupons make it even more easy to save some money. This is especially true while purchasing any electronics.
    19. Avoid impulse buying: Make it a habit to avoid impulse buying. Many of the things you want to buy do not seem all that necessary, if you only you wait for a day or two. Also, waiting means you will be able to check prices and make an informed decision to buy it at the best possible price.
    20. Bottle your own water:Drinking water is good for your health. I always make it a habit to keep some at my desk at all times. Bottled water is the most convenient since it can provide protection against accidental spills. That said, buy bottled water only once in a while, and then reuse that bottle to fill your own water. If you are not happy with tap water, invest in a Brita Filter[​IMG] – in the long run it can save a lot of money.
    21. Avoid the vending machines: Almost everything that is dispensed via vending machines has a huge markup (and is rarely healthy). However, if you suffer from snack attacks at work, consider creating a secret stash of snacks. If you like drinking soda and have a fridge at the workplace, save a refrigerator pack in the fridge with a post-it with your name on it. If you have a long commute, consider a stash for the car as well and avoid a quick drive-thru visit. [​IMG]
    22. Keep your car as long as possible: When possible, try to keep your car as long as possible. Find the balance between the money spent on repairs versus the monthly installment on another vehicle and choose to run your old car as long as the repair costs are low.
    23. Do regular scheduled maintenance on your vehicles: Do not skimp on or forget to do regular oil changes. Remember to check the air in your tires often. And use the grade of fuel that the owner's manual recommends. These small acts can significantly lengthen the life of your car, giving you years of use.
    24. Avoid buying a new car: When you eventually buy a car, see if you can make do with a pre-owned vehicle. A new car depreciates significantly the moment you drive it out the dealership. Is the new car small really worth thousands of dollars? Pre-owned cars that are only a few years old with low mileage are the best bargains. Regardless of the purchase, learn to negotiate with car dealers.
    25. Ride your bike or carpool whenever possible: In many of the cities in the US it is hard to get by without a car. That said, just because you have a car does not mean you have to use it every day. Whenever possible, ride your bike or share a ride with a colleague or spouse and save both on gas and reduce the environmental footprint.
    26. If you watch a lot of DVDs, get an online DVD store membership: Membership to online movie stores like Netflix or Blockbuster Online can save you a lot of money compared to buying DVDs or renting it from a local store. You need to wait once you order the movie, but if you watch a lot of movies at home, then you can easily get into the habit of ordering ahead of time so you always have something at home. If you are patient and your library has the resources, check to see if they have a movie section. You won't get anything very new, but they are free.
    27. If you like watching movies at the theater, go before 6:00 pm: This is one of our soft spots when it comes to spending. We really like watching movies in the theater with the big screen and the great sound effects. But instead of paying ~$10 a pop for the ticket, we usually go before 6:00pm when the tickets are a little less expensive. Also, for movies that we don't absolutely want to watch right away, we just wait until it screens on the discount theater where the tickets are $2 a pop. We avoid the temptation to buy snacks, by usually going for a theater some time soon after our lunch or sometimes sneaking in our own snacks in the purse.[​IMG]
    28. Regulate your electric use: When not in use, unplug electric appliances. Apparently, unplugging the TV instead of just switching it off can save a lot of electricity! When not in a room, switch off the lights and the fan. Use a programmable thermostat to control your A/C and heater usage. If that's too much, at least know what each appliance uses and unplug a few of them.
    29. Plan vacations ahead of time: Vacations are a necessary part of saving our sanity in the busy lives that we lead. But vacations are also a huge drain on the family finances. You can cut the cost of a vacation significantly by planning and booking ahead of time. Bookmark travel sites for finding inexpensive airfare, hotel etc., and book at least two weeks in advance.
    30. Finally, keep distance from lavish, high-roller friends: If you have lavish friends who buy a new car every other year (or worse still, lease it), have large screen TVs and every other conceivable electronics gadget, eat out at fancy restaurants every other night and just live way beyond their means, keep the distance. They may be nice people and mean you no harm, but hanging out with such people often can lead to a lot of unnecessary desires and discontent. What's more important – your friends or your peace of mind?


      - WATANZANIA TUNAISHI WATU WATAKAVYO NA SIO TUTAKAVYO, HUWEZI SERVE HATA DAY MOJA KAMA UTAISHI WATU WATAKAVYO. HAPO NAAMANISHA MATUMIZI AMBAYO HUWA YANA SUKUMWA ZAIDI NA WATU WA NJE,
     
  7. Nzi

    Nzi JF-Expert Member

    #7
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    Kwaiyo unanishauri nini katika hili?
     
  8. Nzi

    Nzi JF-Expert Member

    #8
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    Asante mkuu.
    Ingawa naona nyingi kama zipo applicable Ulaya na Marekani.
    Nitazifanya kazi zile ambazo zipo applicable kwa mazingira yangu.

    Ila hiyo statement ya mwisho ni ukweli mtupu. Watanzania tunapenda kucheza na jukwaa sana.


     
  9. Abdulhalim

    Abdulhalim JF-Expert Member

    #9
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    Kusev ni muhimu, ila kwa bongo hili zoezi ni gumu maana unaeza ukasev ela kwa mwaka mzima kesho ukabambikiwa kesi polisi salio lako lote ukaishia kuonga kumaliza soo..ndo bongo yetu.
     
  10. Nzi

    Nzi JF-Expert Member

    #10
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    Kwaiyo unaogopa kusave kwavile bongo maisha hayana ramani au?

    Mkuu huwezi kuwa mshindi wa bahati nasibu kama hujanunua tiketi!!

    Try saving and then utajua mengine badae.

    Asante kwa maoni.
     
  11. Chasha Poultry Farm

    Chasha Poultry Farm Verified User

    #11
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    ya mkuu kuna ambazo ni applicable ulaya na marekani lakini kuna ambazo ni applicable huku, sana sana za ulaya ni hizo zinazo husu credit card, mambo ya gesi za magari na kazalika
     
  12. Chasha Poultry Farm

    Chasha Poultry Farm Verified User

    #12
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    hizo kesi utakuwa unazitafuta wewe mwenyewe, kwa nini wengine wasibambikiwe?

    Sikiliza mkuu tatizo la watanzania tunapenda sana maisha ya kuonekana na maisha ya kushindana kwenye mambo yasiyo kuwa na maana kabisa. Mfano.

    1. Kushindana kutoa michango ya harusi ni ujinga ptupu.

    2. Kwa watu tulio panga, wapangaji huwa wanaongoza kwa kushindana vitu vya kitoto sana, kuanzia chakula, mavazi, music systeam na kazalika

    3. Tuanaishi watu watakavyo.

    Wazungu tunawaona wanapesa sana lakini wale watu wanaongoza kwa kufanya serving, mzungu kama hajapangilia kununua kitu fulani hawezi nunu hata akikutana na hicho kitu kinauzwa bei ya chini.

    - watanzania unaweza toka asubuhi kwenda kazini lakini utarudi na vitu vingi ambavyo havikuwa kwenye plani kabisa. Mfano umetoka kazini au matembezi unakutana na machinga anauza vitu inabidi ununue na haikuwa kwenye plan zako.

    - jaribu siku moja kuingia kwenye haya ma super market kubwa na ukiona mzungu ameingia kufanya shoping mfuate nyuma, utagundua ana list ya vitu alivyo panga kuja kununua na kila anacho nunua anatiki.

    - ni watanzania wangapi tunaenda shoping tukiwa na list ya vitu vya kununua?

     
  13. HAZOLE

    HAZOLE JF-Expert Member

    #13
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    try this
    10%--sadaka
    20%--ujasiriamali
    20%--saving
    50%--matumizi yako
    source; mwalimu na mchungaji mwakasege
     
  14. Abdulhalim

    Abdulhalim JF-Expert Member

    #14
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    Kwa bongo unaeza kufanya hivi:

    1. Kusev wese, zima gari kwene foleni (jicho kwa saiti mirror, unaeza kupigwa bao na traffic)
    2. Kwa wale wapenzi wa soka, unaezakusev ela ya TV (most of them are tacky anyway, with exception of DSTV) subscriiption.
    3. Futa expensive hobbies kama kamari, sigara, pombe mpaka unapoteza fahamu, kwenda club (clubs zenyewe nyingi zinalack finesse entertainment na ni majasho tuu, ptuu!)
    4. Date au oa mwanamke mwene kujua ugumu wa kutafuta ela
    5. Check recurring bills kama kuna uezekano wa kupunguza matumizi, mfano umeme, simu, gesi, maji, internet (mobile package in Tz is daylight thievery)
    6. Punguza kula au kunywa hoteli.
     
  15. Abdulhalim

    Abdulhalim JF-Expert Member

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    Ntasevu kama kuna cha kusev..sijui umensoma? Huezi ukasev kama hakuna chenji.
     
  16. Nzi

    Nzi JF-Expert Member

    #16
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    Asante mkuu. Nimekusoma sana tu.
     
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