Category: afford
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How much money you need to earn to afford a $400,000 home
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Becoming a homeowner is still a big part of the American dream for many people living in the United States. And while getting the best interest rate possible on your mortgage is dependent on factors such as having an excellent credit score, your income also plays a meaningful role in…
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Over 80% of Millennials say they can’t afford a midlife crisis
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Buying hot sports cars, changing hairstyles, and finding a mistress were classic signs of a midlife crisis — at least for older generations. A new study in Psychology shows that Millennials are so poorly off in today’s economy that they believe they are too poor to allow themselves the collapse…
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I am a family man with Sh43,000 net pay. How can I afford a home and a car?
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My name is Derek. I earn a total of Sh60,000. After statutory deductions, I take home about Sh43,000 but end up borrowing. My family’s household expenses are as follows: Rent – Sh11,000, School fees for my child per month – Sh10,000, Transportation – Sh5,000, Shopping – Sh5,000. Can you advise…
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Unemployed Gen Zers are having to turn work down because they can’t afford the commute and uniform, report shows
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After going through several rounds of interviews, impressing the hiring manager and landing the job, Gen Zers are having to turn down roles they’re offered because of the costs associated with starting a new job, according to 2024 research. A survey of more than 2,000 young people aged between 16…
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How can I afford a plot and rentals on my Sh57,000 salary?
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My name is Daisy. I am married and have two children who are in sixth and fourth grade. My husband earns between Sh120,000 and Sh150,000 net. It takes care of a lot of the family budget including rent since we haven’t bought or built our house yet. We live in…