Saving money is often easier said than done. For many households, rising living costs, school fees, transport expenses, and day-to-day responsibilities make it difficult to put aside money consistently.
While financial experts continue to emphasise the importance of building a savings culture, many people still view saving as a daunting task that requires large amounts of disposable income.
However, a growing number of Kenyans are turning to simple and practical saving methods that rely more on discipline than high earnings.
One such approach gaining attention is the “Sh100 Challenge”. The challenge works by saving a fixed amount each day, increasing the amount gradually throughout the week before resetting again.
Under the model, one saves Sh100 on Monday, Sh200 on Tuesday, Sh300 on Wednesday, Sh400 on Thursday, Sh500 on Friday, Sh600 on Saturday and Sh700 on Sunday. The cycle begins again with Sh100 on Monday.
By following the routine consistently, a person saves about Sh2,800 every week. Over four weeks, the amount grows to Sh11,200. If extended to a full 30-day month, the savings rise to about Sh11,500, while a 31-day month pushes the total to roughly Sh11,800.
According to some individuals using this saving method, the cycle simplifies saving as it breaks down saving into manageable daily targets rather than demanding large lump-sum deposits.
The gradual increase also makes it psychologically easier to maintain. Instead of struggling to save thousands of shillings at once, individuals only focus on setting aside small daily amounts that match the day’s target.
The savings approach also encourages financial discipline by creating a consistent habit of setting money aside. Over time, this habit can help individuals improve budgeting skills and reduce unnecessary spending.
Another advantage is flexibility. Participants can save the money through mobile wallets, savings accounts, digital money market funds or even traditional savings boxes, depending on personal preference.
