How to Manage Your Finances after College
How to Manage Your Finances after College

Wondering how to manage your finances after college? well. Studies have revealed there are about 15,000 to 30,000 graduates in Kenya yearly. Unfortunately, with the high rates of unemployment, many graduates resort to blue-collar jobs. However, if you are fortunate, you start at an internship level where you earn from Ksh 15000 to Ksh 30000, and with the high living standards, this pay may not sustain you.

The initial years after graduating may not be a bed of roses, and with the little income, it is essential to have proper financial skills. Read on as we expound more on some crucial financial tips on how to manage your finances after college.

  • Live according to your means.

There is a small per cent of your colleagues who will land good-paying jobs. This, however, should not pressure you to live like them. It may be hard since they are your friends and even family. But remember, everyone’s financial journey is different.

  • Prioritize your expenses.

Right after graduating, you will no longer depend on your guardian or parent. Thus important to prioritize. Ask yourself, how often do you need to buy new clothes? How often do you need to go out? This may be hard to hear but, you do not have to attend all the parties, you do not have to buy new clothes every month.

  • Start thinking of other income streams.
ALSO READ  A Closer Look at Some of the Cool Features of HUAWEI Y7 Prime 2019

The tech era has come with both good and bad influences. However, one significant influence that the internet has brought about is the ability to earn from your phone or laptop. The list is endless on some of the ways you can earn online.

Try your hand in selling products online, setting up a website has become easier and faster, you can set up an online shop and maybe offer deliveries on Saturdays, this is a great way to supplement to your income.

Additionally, it is high time to start thinking of investing your money in stocks or bonds. This is not only another excellent saving tool, but also provides passive income.

  • Use the 50/30/20 rule.
ALSO READ  TWO CHINESE Nationals arrested with 800L of Methanol & over 3000L of CHANG'AA & BUSAA in Machakos

50% of your income should go to your rent, utility bills, insurance and transport. 30% of your income goes to your wants. These are things like gym membership, outings, new clothes or a new book. The other 20% should cater for debts and savings.

However, to make this rule work as a new graduate it is essential to reduce on the expenses, for instance, you do not need to take taxi services every day, instead, you can use public means, you may also not buy new clothes each month. This way, you will be able to put in the extra income into your savings.

Bottom line.

After four, three or two years of studying, the joy of finally receiving that certificate and receiving the powers to read, the next hurdle in life will be how to handle your finances, and the reality is, life after graduation is not always easy. However, with the above tips, you are set to a greater tomorrow. But most importantly, always works towards becoming a better version of you.


  1. Hi! I could have sworn I’ve been to this web site before but after browsing through a few of the posts I realized it’s new to me.
    Anyhow, I’m definitely happy I stumbled upon it and I’ll be book-marking
    it and checking back frequently!

  2. Great post. I was checking continuously this blog and
    I’m impressed! Extremely useful info specifically the last part 🙂 I
    care for such info much. I was seeking this certain info for a long time.

    Thank you and good luck.

  3. I’ve been surfing online more than 4 hours
    today, yet I never found any interesting article like yours.
    It’s pretty worth enough for me. In my opinion, if
    all website owners and bloggers made good content as you did, the web will be much
    more useful than ever before.

  4. I must thank you for the efforts you have put in writing this site.
    I’m hoping to view the same high-grade blog posts from you later on as well.
    In fact, your creative writing abilities has encouraged me to get my very own website now 😉

  5. Just desire to say your article is as amazing. The clearness
    in your post is simply nice and i could assume you’re an expert on this subject.
    Fine with your permission allow me to grab your RSS feed
    to keep up to date with forthcoming post. Thanks a million and please carry on the enjoyable work.

  6. Do you have a spam problem on this site; I also am a
    blogger, and I was wanting to know your situation; we have created some
    nice methods and we are looking to exchange solutions with others, please
    shoot me an e-mail if interested.

  7. Hi, i think that i saw you visited my web site thus i
    came to “return the favor”.I am trying to find
    things to improve my web site!I suppose its ok to use some of
    your ideas!!

  8. Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any suggestions would be greatly appreciated.

  9. Wonderful goods from you, man. I have take note your stuff previous to and you are simply extremely magnificent.I really like what you have acquired here, certainly likewhat you’re saying and the way in which wherein you are saying it.You are making it enjoyable and you still carefor to stay it smart. I can’t wait to learn far more from you.This is really a terrific web site.


Please enter your comment!
Please enter your name here