Chris Kirubi: Tips on How to Avoid January Financial Blues.

By Michelle Wanjiku

January is always a hard month for most people. This is because it comes right off the holiday season where people spent almost all their money and are now broke. Here are some tips given by Business mogul Chris Kirubi, on how one can avoid the financial woes of January.

You can use the tips to avoid being broke in January 2018.

Here are some tips given by Chris Kirubi to Avoid January Financial Blues

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1. Plan Ahead and Save

According to Dr Chris Kirubi, you should always have a financial plan. For example most people are broke in January because they used their money over the December holidays.

So if you plan on going for a trip or something, start saving for the holidays. Start saving at the beginning of the year, so that you can have enough money to spend over the holidays and avoid the hustle of being broke in January.

This applies to any spending. If you want to buy clothes, shoes, a car, TV whatever it is, save first.

2. Do not lend to friends

We have all experienced this. Where you lend money to a friend or family member and they never pay you back.

This is mostly because there is usually no clear payment plan agreed upon. So you lend money without knowing when you will get it back.

To avoid all the conflict that come up, just don’t lend your friends or family members money.

You can give them money but do not expect to get it back.

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3. Use your talents to explore opportunities

Everyone has a talent if you have discovered your, the better. You need to figure out what you are good at and how you can use that to earn money.

Take for example; if you are a good DJ, even if you have formal employment, you can play gigs on weekend to earn extra money. As a baker you can start selling what you bake you never know you might just be the next Alice Simba founder of BlackForest House.

Your talents can be the way to financial success and self-employment if you work hard enough.

Dr. Chris Kirubi says “it is time for Kenyans to create their own opportunities.”

4. Don’t spend more than you earn

Most people make the mistake of spending money they do not have. We are all victims when it comes to spending more than you earn.

For example why do you need to stay in a to bedroom apartment where you have to pay 30K per month in rent yet your salary is 25K?

This means that you will always be in debt. Borrowing form one friend to pay another friend.

There is no point in trying to keep up a lifestyle you cannot afford. Do not borrow money to spend on things that will not provide you with income.

You will be better off in January if you do not have any pending debts to pay.

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Keep in mind that your financial habits will determine whether you go through January. It is important that you make good financial decisions.

SOURCE: Capital Campus