Create a budget and stick to it [Photo/jamhuri-news.com]
It is common to find everyone around you broke in January.
Most Kenyans spend a lot of money during the December holiday only to find themselves in financial fixes in the wake of the New Year.
Planning is essential if you do not want to experience financial problems in 2018.
Here are five ways to avoid being broke in January
Create a budget and stick to it
Create a reasonable budget and make sure you stick to it.
While creating your budget, make sure you consider your financial capability.
Examine the essential things you need during the festive season before setting aside cash for the same.
Avoid impulse buying
Do not buy what you had not intended to purchase.
Many people tend to fall victims of impulse buying.
Buying without plans is likely to drag you into an unexpected debt.
Avoid extravagant friends
If you have friends who are known for their extravagant nature then it is time to avoid them.
You can tell them you are not around so that they do not lure you into spending cash without plans.
Travel only when it is necessary
During the festive season, most people keep traveling.
However, it is only advisable to travel where necessary to avoid unexpected expenses.