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PREMIUM Why am I more financially stressed now than when I was jobless? Mounting expenses pushed me into a cycle of mobile borrowing. Life & Style 17 min ago

PREMIUM Why am I more financially stressed now than when I was jobless? Mounting expenses pushed me into a cycle of mobile borrowing. Life & Style 17 min ago

By GhanaSummary NewsroomKenya

Between the microfinance loan (Sh16,500) and mobile loans (Sh7,000), you are paying Sh23,500 every month before you can think about rent, food or transport.

I got my first job about one year ago after years of unemployment.

For example, if you know you will need a new sofa in two years that costs Sh60,000, save Sh2,500 every month.

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