Speaker, Mentor, Networker, and Serial Entrepreneur

Sarah is an expert in Business Networking, and an award-winning topmost BNI networker in East Africa.



Well technically, yes.  Little spending here and there will accumulate into a big chunk of money, same way if the small leak isn’t fixed, small amounts of water will equal to an amount enough to sink the ship.


Financial problems exist due to lack of self-discipline, self-mastery and self-control. It is in our element to want the new designer handbag, shoes, attires, drive a new car model, buy a bigger house in the suburbs, travel around the globe but the million-dollar question is, had you planned for it? Had you allocated a certain percentage of your income to that want? It is a want for starters, not a need.


Overspending, incurring of huge debts, financial setbacks are hurdles that need to be curbed and prepared for. This can be achieved through creation of a budget plan and savings. In Kenya, only 0.7 percent of bank account holders have deposited 1 million shillings into savings, 99.3 percentage have less. Lack of saving has been attributed to by the high rates of unemployment in the country, low income, high cost of living, debt which hinders investment and saving, and high charge rates on bank accounts.


Tips on fixing the leak:


Emergency Trust Fund

A trust fund aims at providing stability. It is only wise to have finances set aside to maintain the same lifestyle, to last you at least three months as one finds a way to land on their feet in case of an eventuality.



We have been called or held Harambee’s for various reasons. Insurance offers covers that will help you get prepared. For instance, a medical cover, education cover, life insurance etc.



Having a safety net cannot be stressed enough, the future is unpredictable. Accumulated savings can be used as an emergency cushion, investment seed, retirement funds among many other benefits such as travelling, buying a house, car, latest tech gadgets etc.


Budget planner

You need to set a priority list in order to put a budget planner in action, one needs to be realistic. Calculate all your expenses i.e. how much you are spending in a month, how much is your income.  Afterwards, set savings and debt payoff goals for each month. Always record your spending and keep track of your progress. Thanks to technology, we have applications easily accessible on phone.


Multiply your income source

Want better for yourself and strive towards attaining and achieving it. Work hard to get a promotion at work, set up a side hustle, increase your revenue if you are self-employed. Do not settle.

About Sarah Karingi

Sarah Karingi, the Queen of Business Networking, is an expert in Business Networking, and an award-winning topmost BNI networker in East Africa.