Save Based on Your Income
The Monthly Savings Challenge is designed to help you save consistently throughout the year, no matter your income level. Whether you earn KES 10,000 or over KES 50,000, this savings plan can help you reach your financial goals one month at a time.
DOWNLOAD THE MONTHLY SAVINGS CHALLENGE
Why You Should Join the Monthly Savings Challenge
- Tailored to Your Income: Whether you make less than KES 10,000 or more than KES 50,000, this challenge offers a savings plan designed just for you.
- Build a Consistent Saving Habit: Saving each month helps develop a strong habit of financial discipline.
- Achieve Big Goals: By saving incrementally, you’ll be able to set aside money for emergencies, vacations, or long-term investments.
- Flexible and Realistic: The challenge adapts to your income, making it easier to stick to without feeling overwhelmed.
| Income Bracket (KES) | Jan-Feb Savings (KES) | Mar-Jun Savings (KES) | Jul-Nov Savings (KES) | Dec Savings (KES) | Total Savings (12 months) |
|---|---|---|---|---|---|
| Up to 10K | 700 | 800 | 800 | 900 | 9,200 |
| 11K-15K | 1,500 | 1,700 | 1,700 | 2,000 | 19,700 |
| 16K-20K | 2,000 | 2,200 | 2,200 | 3,000 | 26,200 |
| 21K-30K | 3,000 | 3,500 | 3,500 | 4,000 | 40,000 |
| 31K-50K | 5,000 | 5,500 | 5,500 | 6,000 | 64,000 |
| Above 50K | 8,000 | 8,500 | 8,500 | 9,500 | 100,500 |
How to Get Started
- Download the Monthly Savings Plan: Use the table to track your progress and adjust based on your income.
- Set Your Goal: What are you saving for? Emergency fund? A big purchase? Knowing your goal helps you stay motivated.
- Commit to Monthly Savings: Each month, set aside the specified amount and watch your savings grow.
- Stay Consistent: If you ever miss a month, don’t worry! You can adjust and make up for it in the following months.
Frequently Asked Questions
1. Can I start the challenge mid-year?
Yes! You can start at any point. Just follow the savings schedule from the current month.
2. What if I can’t save the suggested amount?
The challenge is flexible. If you can’t save the full amount one month, save what you can and adjust the following month.
3. Is this challenge suitable for people with irregular incomes?
Yes! You can adjust your savings based on what you earn each month, ensuring you’re still building towards your goal.