Teachers in the Coast region have been advised to start side businesses to avoid relying too much on salaries and loans.
They were warned against taking loans to build houses, as this leads to years of salary deductions, causing financial struggles.
Malindi businessman Dr. Alfred Agunga said the high cost of living makes it risky for teachers to depend only on their shrinking salaries. Speaking at a financial literacy meeting in Malindi, organized by MP Amina Mnyazi and KUPPET branches from Kilifi, Mombasa, and Tana River, he emphasized the need for smart money management.
Smart Money Tips for Teachers
Dr. Agunga urged teachers to:
- Save money instead of taking loans for houses.
- Invest in import businesses or treasury bonds.
- Avoid wasteful spending on luxury items like expensive phones and alcohol.
- Consider farming as a profitable and sustainable side hustle.
“Why borrow Ksh. 2 million to build a house when you can save and earn interest through a Sacco?” he asked.
KUPPET leaders Omollo Koppolo (Kilifi) and Omondi Oluoch (Tana River) said they organized the event to help young teachers avoid financial mistakes.
Leaders Speak Out on Teacher Struggles
Malindi MP Amina Mnyazi criticized the high taxes and salary deductions teachers face. She promised to push back against government policies that hurt educators financially.
Meanwhile, Embakasi East MP Babu Owino attacked President William Ruto’s education policies, particularly the idea of making Mathematics optional. He argued that the CBC curriculum is failing students and should be scrapped.
Teachers were urged to take charge of their financial future by saving and investing wisely rather than relying on loans.
