- We all have a dream car. However, most people do not start by buying their dream car. They start with a car they can afford and work towards their dream car. In this article, we shall explore when to buy your first car. Get comfortable and put your seatbelt on.
- Being a smart money manager isn't about having a huge bank balance; it's about making the most of what you have! Are you wondering if you're acing the money game?
- A loan is a financial tool to help you achieve specific life goals. However, if not well utilised, it might become a liability. This then poses the question of when is the right time to take a loan?
- In the ever-evolving landscape of business, securing the right funding can be a game-changer. Whether you're looking to expand operations, invest in new equipment, or navigate through challenging times, a business loan could be the key to your success.
- Skincare isn’t just a female affair, it's something that’s all-rounded. Admittedly more women, young and old care about their physical appearance more than their male counterparts. While taking care of ourselves we might end up overspending on skincare and in some cases, you might be overspending…
- Getting an auto loan can be your ticket to owning that dream car you've always wanted. But hold your horses.Before securing that car, there’s a winding road ahead that you must navigate. Otherwise, you might get stuck in a financial traffic jam or with a vehicle you can’t afford. But don’t let that…
- Life is an incredible journey, and along the way, you meet people from all walks of life. While wealth is just one aspect of a person, it's undeniable that connecting with those who have experienced financial success can bring unique opportunities and perspectives into your life.
- Securing car financing in Kenya requires careful planning and informed decision-making. Here are seven tips that you should firmly keep in mind which will be your compass on this journey to successful car financing
- With multiple personal loan products to choose from in the Kenyan market, you need to compare various loan products and make sure that you are getting a personal loan that is most suitable for you and your needs. From eligibility to loan tenure and the cost of credit, this is a complete guide to…
- When you land your first job, you are ecstatic. It’s usually the love for the job that keeps you in the profession. Despite the “passion wages” you love every moment you spend at work. But is living off passion sustainable in the long run? Is your love for your job enough to put food on your table…
- Overall, knowing that personality has been shown to be a good predictor of especially early career success both as a stable trait indicator and also a reliable tracker through life changes, growth and development, it is worth looking into what your personality says about you. Then, figure out your…
- Have you ever wondered why escaping the clutches of debt feels like an uphill battle? Debt is not inherently bad; it can be a financial tool that can pave the way to prosperity when managed wisely. It can serve as a means to invest in your future through education, homeownership, or…
- Kenyans are busy daily to find financial stability. To many, buying or having a car while having a salary less than Ksh50,000 is a poor financial decision. A car is viewed as a money pit. A thing that is made to cause constant dents in your pocket and is in no way a convenience; unless you earn…
- A loan can be the bane of your existence, but it can be very productive when well managed. It can allow you to access opportunities you would otherwise not be able to. However, the loan can sometimes be tricky to manage, especially considering all the other things in your life demanding financial…
- Starting a business is a leap of faith, a journey of financial uncertainty, and a dream shared by many. But the path to entrepreneurship is often paved with financial challenges, the biggest of them raising startup capital.
- Going for a job interview can be nerve-wracking. It's almost impossible to know what the panellists really think of you; whether they are impressed or not, or what your probability of getting the job is. You cannot control what they think about you, but, as I have learnt, you can control how well…
- The Central Bank of Kenya (CBK) on Monday, March 27, licenced 10 more Digital Credit Providers (DCPs) bringing the total number of licensed digital lenders to 32. Zenka Digital Limited was one of the 10 DCPs that met the requirements introduced by the CBK as part of its efforts to streamline the…
- Creating a personal budget isn't about restricting yourself; it's about taking control of your money so you can live the life you want. It's a tool that empowers you to make informed financial decisions and brings you one step closer to financial freedom. Ready to take control of your finances like…
- I love weddings. From the beautiful gowns to the stunning tuxedos to the out-of-this-world decor, I'm always mesmerised with the details that go into making a wedding successful. Apart from the wonderful decor, what really amazes me about weddings is the fact that two "strangers" literally throw a…
- Are you ready to level up your savings game? In our fast-paced world, it's crucial to have a robust savings strategy in your financial toolkit. Whether you're saving for that dream vacation, a new car, your first home, or even retirement, we've got you covered with some important tips and…
- Have you ever found yourself wondering why your M-pesa or bank account seems to be in a never-ending battle with zero? Or perhaps you're puzzled by how some people manage to effortlessly build their wealth while you're struggling to make ends meet?
- Thinking about money can be stressful. Planning for your money and tracking your expenses can be cumbersome. However, it is a necessity like your nutrition.In this article, we seek to understand the importance of financial well-being and how you can achieve it drawing our lessons from nutrition.…
- Money makes the world go round. But why are we never taught about money in school? Maybe that's why we are running around the globe in search of it and never getting enough. (Well that is a bad joke, haha). Despite not having money lessons in our curriculum, along the way we have picked up lessons…
- The Higher Education Loans Board (HELB) has opened the application portal for first-year loan applications for the academic year 2022-2023. Applications are now being accepted from students placed by the Kenya Universities and Colleges Central Placement Service (KUCCPS), as well as those enrolled…
- Life's a journey, and we all have dreams that fuel our ambitions. But it's essential to remember that chasing those dreams shouldn't come at the cost of our overall balance and well-being.
- Are you considering jumping into the world of ride-sharing with Uber? Before you hit the road, you've got a big decision to make: Should you buy a car using an auto loan or opt for renting one?
- After the August holiday break, the back-to-school season has returned, and even the most financially prepared parents and guardians may find it to be financially burdensome. There is school fees, you'll also need to buy books, uniforms, and other necessities. If you are facing challenges, should…
- If you’re a college student looking to earn some extra money or gain hands-on experience while managing your studies, there are various options available to you. Working part-time locally or freelancing online from home or school are popular choices.
- Back-to-school shopping doesn't have to be stressful every time. With these tips, you can be prepared to make taking your kids back to school smoother and stress free - the key is timing, and nailing potential savings opportunities.
- The back-to-school season is here again, and you have a lot on your plate as a parent. You’re trying to get that last-minute shopping done for your kids, pay their school fees, and perhaps buy them a new set of uniforms – it's all adding up pretty quickly, and it can feel like a financial hurricane…
- Paying for college requires careful planning and important financial decision-making. As your child prepares for this new chapter, it’s essential that you find the best way to fund their education without straining or hurting your finances. Therefore, ensure that you consider all the options…
- Have you ever agreed to buy or pay for something you didn’t want to or could have done without but for some reason you ended up doing so anyways? One main reason could be that you didn’t want to be rude or because you felt pressured to do so. Saying "yes" is easy but saying "no" takes courage.
- There are two things in life that we are certain of, life and death. Just as it is essential to prepare for any major life event like the arrival of a newborn or a new job. It is essential to have your affairs in order for your departure as well. Having your affairs in order, not only spares your…
- Welcome to this week's Money Weekly roundup, where we are going to delve into the latest developments impacting various aspects of the financial landscape. In today’s edition, we'll explore how a new funding model is reshaping enrollment patterns in private universities, the significant boost for…
- Starting your own business as a taxi driver with ride-hauling platforms like Uber requires significant investment. And that is, whether you are just getting started or a seasoned driver aspiring to be your own boss but lack the upfront funds needed to buy a vehicle. There are numerous advantages of…
- Make the most of every opportunity that arises to teach your children about money, and to incorporate money lessons into your day-to-day activities. You might think you are not ready to talk to your children about money especially if you have struggled with handling or controlling your finances in…
- KCB Bank Kenya and the Swedish International Development Cooperation Agency (SIDA) have introduced a Ksh1 billion guarantee program. This initiative aims to reduce the risks associated with lending to small and medium-sized enterprises (SMEs) and help them secure credit for their growth endeavors.
- Buying land can be a long and overwhelming process that can take months. Following the legal process and avoiding shortcuts is the best way to protect yourself. Next, avoid greed and do not engage in deals that seem too good to be true. Importantly, actively involve witnesses and relevant…
- SRC Chairperson Lyn Mengich announced that her commission and the National Treasury had agreed to the increase, adding that the increase would be backdated to July 1, 2023. The SRC boss stated that the review was made with the intention of increasing productivity in the public sector.
- In this week’s edition of Money Weekly, we delve into the top money stories making waves across various sectors of the Kenyan economy. From a pay boom for civil servants, to employers opposing housing levy and warning of job cuts should it be implemented, to the end in Kerosene and Diesel subsidies…
- Saving money in Kenya has never been easier. If you start exploring ways to do it, you will quickly notice that you are spoilt for choice. Many schemes promise significant returns and protection from inflation, some come with an insurance guarantee. And all boost of how low risk they are by how…
- Before deciding to borrow, it's important to consider other options to help you avoid potential regrets. First, you might want to inquire about the possibility of a salary advance from your employer to avoid borrowing for emergencies. Another alternative is to ask family or friends for short-term…
- Welcome to this week’s edition of Money Weekly. In this edition, we bring you an all-around overview of the latest developments in the world of money and finance. From an ease in inflation characterised by a drop in food prices to the government disbursing Ksh2 billion toward the Inua Jamii Fund…
- Your 20s are a significant and transformative period in your life. During this time, you are likely to venture out on your own, begin your career, and start making money. As such, mastering sound financial principles you can carry throughout your life is essential. Learning and practicing them…
- Formally employed Kenyans should brace themselves for a significant pay cut in their August salaries. This is after the Ministry of Housing announced the decision to backdate the housing levy to July 1st. The ministry also appointed the Kenya Revenue Authority as the sole collection agency for the…
