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The Standard Group PLC The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: corporate@standardmedia.co.ke

Saving too much: Is this why you are always in debt?

A happy young couple works out a saving formula. [Getty Images]

It is the American billionaire businessman Warren Buffet who said: “Do not save what is left after spending; instead spend what is left after saving.”

But what happens when what you remain with after saving is not enough to cover your expenditures? How much should one save anyway?

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