PREMIUM I’m a police officer earning Sh58,000, but I take home Sh4,900. How do I escape debt? 'A key principle in your situation is to buy back your salary...' Showbiz 22 min ago Listen
This keeps the same money working against your debt and speeds up repayment instead of allowing spending to rise each time a loan ends.
If you cleared the Hela loan, for example, the Sh11,800 monthly deduction would be released, and your available income would rise from about Sh5,000 to nearly Sh16,800.
Keep a reasonable budget and treat former loan repayments as money for your future.
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