Middle-classearners, consisting of both lower and upper, tend to live beyond their means. Accordingto the Kenya National Bureau of Statistics (KNBS), anyone earning betweenSh23,670 andSh199,999 is a considered a middle-class.

The things aboutmiddle-class earners is that, the more they earn, the more they spend. Most ofthem get into debts to afford a lifestyle they cannot afford to impress others.Some live in denial.

<p><b>The things about middle-class earners is that, the more they earn, the more they spend. </b></p><p><b>Most of them get into debts to afford a lifestyle they cannot afford to impress others.</b></p>

Parents try to taketheir kids is lavish schools, borrow loans to buy ‘bigger’ cars or live in veryexpensive areas since it determines their statuses.

Dr Gladys Nyachieo,a sociologist says,”Many Kenyans are living a life they cannot afford, this iswhy you have children in a school bus at 4am to get to a particular school inthe suburbs. There is too much societal pressure to maintain the status quoattached to being middle class, forcing people to trap themselves in a cycle ofunending debt, even with a reasonable salary.”

Here are fivefinancial mistakes that middle-class earners in Kenya should avoid; 

Buying things they do not need

It is common among middle earners to buy things that they donot really need. They will buy what meets the eye the second they receive theirpaychecks. Impulse buying is a big problem among middle class earners. Rememberwhen you buy things you do not need; you will end up selling things that youactually need.

Not saving at all

You will find a person in his thirties who does not have asingle coin in the bank, and if they do it is the minimum balance required bythe bank. If you are a middle class earner, start saving from the moment youearn your first salary, it will save you on a rainy day.

Trying to live a lifestyle they cannot afford

A middle class earner will eat, dress, and live like amillionaire just to impress other people. They will spend almost all theirmoney to buy drinks for friends during a party to look nice. Honestly, when youare broke, all these people you are trying to impress will be nowhere near you.Live a life that you can afford.

Living in debts

You cannot be 28 years old and have one or two million debtwith the bank simply because you wanted to buy a car. Try and calculate howmany years you will take to pay it back. Take a loan because you are investingin something that will bring back profit. Try and see if what you buy with thatloan will become a liability or an asset.

Relying on one job

There is no way you will survive in this economy relying onone job especially if you are earning about Sh50, 000, you need a side hustle.Having a side job will ensure that you are able to save for your future andmake other investments. In addition to saving and investing, you need a secondjob for security in case one goes south, anything can happen in Kenya.