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How I Plan to Cut Down My Expenses to Build a House

Vincent Nyoike
Vincent Nyoike Finance

2020 was my worst year when I had my salary reduced by almost 50 percent. My main expense was monthly rent and when my salary was reduced, I needed to get rid of it by building a house. As such, I looked at my expenses and decided to eliminate some expenses that are not critical and have enough savings to build my house. This is how I plan to reduce my expenses and direct the savings to building my house. 

Carrying Food to My Workplace

I work in an office and mostly I take my lunch from hotels. I spend a lot eating from hotels and I have decided to start carrying food to my workplace. It is a great way to bring down my expenses since I leave already prepared food at home. Sometimes, when I get back home in the evening, I find that the food I left behind went bad. I am forced to throw it away. Therefore, I end up incurring a loss. By carrying food to my workplace, I will be saving Ksh 2,000 every month. Besides, the food I prepare at home is healthier than the one I eat in hotels that contain lots of calories.

I see many ladies carry food to our office, unlike most of us men who prefer to eat in hotels. Sometimes, when I eat in a hotel, I find friends and most times, I am forced to pay their bill. It is an added expense that I usually have not budgeted for. I will channel the money I would have otherwise used on lunch to my savings account and use it to build a house.

Read also: Why Kenyans need to consider an extra job in 2021.

Grow Vegetables in My Home

You will agree that most families in urban areas buy most of the vegetables like tomatoes, onions, fruits, and kales. I will stop spending on these expenses by growing vegetables. I don't have much space in my rental, but I plan to plant the vegetables in sacks.

Instead of pouring the water I use in my kitchen, I will use it to water the vegetables. Saving a few coins on vegetables will help me save for my house project. I buy kales thrice a week and I spend Ksh 30 for a single purchase. Every week I spend Ksh 120 on vegetables only. In a month, the cost is Ksh 460 and Ksh 5,520 in a year. Saving this money will help me channel the money to my building project.

Take a Bicycle or Walk to Work

I spend a significant percentage of my income on transport. I live 3 km away from my workplace. I spend Ksh 20 one way to my workplace. In a day, I spend Ksh 40 and in a week, the cost is Ksh 280. The cost every month adds up to Ksh 1,120 and in a year, it is Ksh 13,440.

I also want to stay fit by walking or cycling to work. I need to start getting up a few minutes earlier than I'm used to, to prepare for work and start walking or cycling. I will need to sacrifice to see my building project take shape after a year.

Move to a Cheaper House

Rent is my major expense and it takes a significant percentage of my income. Instead of renting throughout my lifetime, I want to move to a cheaper house to save and build mine. I only need to sacrifice and live without a few amenities for sometime. It will be a great way to save for my house.

I live in a house where I pay a monthly rent of Ksh 30,000. I look forward to moving to a cheaper home with a monthly rent of Ksh 20,000. By so doing, I will be saving Ksh 10,000 every month. In one year, I will have saved Ksh 120,000. This is enough to build my house's foundation. In two years, I will have saved more than a quarter a million. Besides, I will stop paying rent once I move to my house hence giving me some financial freedom. 

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Get Rid of Unnecessary Expenses

The other thing that I want to work on is getting rid of some unnecessary expenses. Among them include frequent vacations and traveling. In a year, I spend close to Ksh 5,000 on unnecessary travels and Ksh 15,000 on holidays. In a year, the expenses add up to Ksh 20,000. Saving Ksh 20,000 will help me buy around 30 bags of cement, which is enough to plaster my house. In two years, I will have saved Ksh 40,000.


Finding some expenses that didn't matter a lot has helped me find ways to fund the construction my house without borrowing. By the end of every year, I will be saving Ksh 50,960 from my initiative. This is enough money to buy roofing sheets. In two years, I will have saved Ksh 100,000 enough for fixtures and fittings.