- The first few steps into the world of working can be daunting for any college graduate. Nothing can prepare you enough for the hours and hours you spend, sending job applications and sulking after receiving regrets.
- It is commonly accepted that social media can be of great value to us but studies have shown, that it also can be detrimental to our mental health. When we view photographs and videos of our friends and family's seemingly perfect lives, it's tough not to perceive our own lives in a less noteworthy…
- The vast majority of students in Kenya begin college when they reach adulthood. While making your own decisions is exciting, dealing with new situations on your own can be difficult. College students have various opportunities to be scammed, whether they are negotiating financial assistance or…
- Whether you scored a C+, C or C Minus, you should res easy knowing that there are several courses available for you to pursue that give you marketable skills in Demand in the Kenyan market today. However, having papers and good grades only no longer guarantees employment. So while you select the…
- College is quite a liberating experience to many students. The new found freedom can be exciting but oftentimes it comes with some degree of ignorance that can lead to a series of mistakes generally and on the part of managing finances.
- Fresh out of college? It might be a little more challenging to make the transition into the 'real world' especially with the context of the Covid-19 pandemic. But as they say calm seas never made a good sailor, so why not get started on this voyage with these quick hacks?
- Research shows over 70% of vacancies are not posted on job sites and 80% of open positions are filled through networking. Actively searching for jobs online alone is no guarantee of securing employment, creating a strategy that gets you beyond job sites will get you closer.
- Dealing with a roommate who doesn’t contribute to shared costs can be frustrating. And the situation can move quickly from frustrating to financially damaging as it can hurt your finances and savings. What is the best way to split expenses with a roommate? Here are 5 tips to keep everyone happy and…
- It's quite inanimate, and a tad juvenile - but I'm lining up for this buffet with a vendetta. I'm quite upbeat. Yes, like a general going to war. I've done due diligence, a bit of mission recce. I know what to skip, what to pick. For the plates are fancy but quite small.
- It is still a fairly new year. And for many, February is when the grand resolutions set towards the end of the previous year are seen in perspective.
- Understandably, financial hardship is a big stress factor, which destroys lots of friendships, families, business partnerships and marriages. But since you can't do away with money, you can get ahead of money troubles in marriage and let it be an enabler.
- If you were to pick topics most likely to cause family disputes, money and inheritance top the list. This means that families often avoid or put off crucial conversations about inheritance, wills, and legacies in order to avoid feeling uncomfortable.
- The festive season, while being a good opportunity for family gatherings after a long year of hard work, comes with an added burden for parents. According to a study by WorldRemit on the true cost of Christmas festivities, a majority of Kenyan households spend more than half (54%) of their monthly…
- What transpires when these two polar opposites are together in a relationship? A career spender and religious saver. It can tricky, but then it can get better with a combination of good old compromise and joint financial planning.
- As the name suggests, the business jargon term ‘‘family business’’ is defined as a business that is actively owned, operated, and managed by two or more members of a single-family, who are family members or related by blood, adoption, or marriage.
- I knew having a child would be expensive, but I had no clue how expensive trying to have one would be until my husband and I discovered we needed fertility assistance. One of the most difficult components of the procedure was dealing with the emotional and financial burdens that came with in vitro…
- Controversial? Yes. In navigating family finance having a joint bank account can be a great way of smoothening family's transactional needs and separating money meant for longer-term goals. But it can also be a cause of conflict among couples, with many unwilling to consider this option. So, is it…
- Work hard, nay, study hard, get good grades and the whole world will bow under your feet, they said. Many did this, or at least tried only to be confronted with reality - vitu kwa ground ni different. Disillusionment, a dead-end job here, a stab at entrepreneurship there and a relialisation that…
- The decision whether to leave an inheritance or not for your children can significantly impact your financial planning today. If you are planning to leave an inheritance for your heirs, you will have to realign your retirement plans, how much you save, what you invest in and even your post-…
- Because life's complicated enough, let’s dive into smarter and flexible solutions to 5 of the most popular financial challenges families face. “The good news is that regardless of your families’ social class or financial status - your family can easily resolve your family’s financial bind.”
- Many parents are constantly under pressure to provide for their families in all aspects of their lives, from school fees to food, to budgeting for medical bills all on a limited budget. This is the epitome of parenting.
- Being a single parent is a tough job. Although it gives you great satisfaction going through another successful day of nourishing your little humans to be responsible adults, it is still challenging. It is especially tough to manage the family finances as a single parent with only one income.
- When one sibling earns a lot more than the rest, there relationship can be problematic given the financial disparity, the unspoken need to help each other out, entitlement and latent accusations including of character that could threaten the overall health of sibling relationships as well as with…
- Parenthood is magical, but it is also strenuous. Every sleep-deprived moment feels completely new when you're learning to be a parent. For some mothers, the prospect of returning to work so soon is unbearable.
- Medical expenditures are a big financial burden for most families, and when retirees are forced to rely on their children because they lack healthcare coverage, the issue becomes much more complicated, resulting in strained relationships.
- From a cash flow perspective, January seems to run for weeks on end. A financial hangover from the excesses of the festive season doesn’t seem to thaw off. My family, though, is savoring a flicker of hope for better days ahead. In December 2019, I met a few cousins in a social setting.
- Many business owners especially small businesses have additional hassles, such as trying to keep up with the digital age, modifying goods or services due to changing demands, managing personnel, or handling the business on their own. The support of friends can be crucial for take off.
- Just before the turn of the millennium, most families had a full-time stay-at-home caregiver, primarily the mother. However, today's parents have to work with only one in every five children having a stay-at-home parent. Yet, many workplace structures all too often cause strain to work and life…
- Do you look forward to the annual run upcountry in the festive season in December? It's primarily meant to be a 'Rest and Recuperate' (RR) period, but there's a lot to contend with. In African culture, family is largely extended - and a trip upcountry offers the perfect time for meet-and-greet…
- It is the first Thursday of May 2023 and barely four days into the fifth month of the year there is already a lot that has happened in the world of businesses. If you were paid your salary by the end of April, what percentage of your salary remains? Now that’s a fun question to think about as we…
- Many of the financial decisions that you make in your early twenties will have a lifelong impact, which is why it is important to be financially literate. Getting a job after college should open new doors and not burden you with financial regrets.
- Deciding whether to lease or buy a car is all about weighing the pros and cons. Do you want the flexibility of leasing or the long-term investment of buying? Can you afford the higher upfront costs of buying, or are lower monthly payments more appealing?
- Buying a car can be a complicated and stressful process, but by following the steps outlined in this guide, you can make the process much easier and less challenging. From setting a budget to negotiating the price and closing the deal, each step is essential and can help you save money on your new…
- There’s no single rule on how to grow a business, and your products, marketplace, and the economy will all have a significant impact on the best course of action for your company. However, focusing on developing relationships with customers, challenging yourself by setting new goals and constantly…
- Like most businesspeople, you might have big dreams for your new small business. However, you cannot get the desired return on investment (ROI) if you overspend. Instead, you have to look for ways to avoid some expenses.
- When I was studying business studies in high school, one of the constant challenges business organizations faced, small or large, was lack of capital. Indeed, capital is one of the most limited resources with extreme competition for its access.
- It is a natural aspiration for many people to own and build empires - or a dynasty in Kenyan lingo. However, the reality of life is that sometimes we have to start small and slowly expand.
- Reducing your rent costs can have a significant impact on your financial health. By negotiating your rent, finding a roommate, reducing utility costs, saving on furnishings, considering a different lease type, and renting out your space, you can cut your rent costs in half.
- Ever seen a sticker in a Matatu that reads: ‘Lipa Bila Fujo, Hii Kazi Ngumu’? Take the six words seriously. They capture the highs and lows in the daily life of a bus conductor with great clarity.
- The State Department of Labour and Skills Development, in collaboration with Kenyatta University's Chandaria Business Innovation and Incubation Centre, has announced a call for applications for the National Young Innovators Entrepreneurship Training Program (Phase II), which will be delivered…
- Higher Education Loans Board (HELB) beneficiaries will soon be able to get their loans via M-Pesa. This comes after the board and Safaricom teamed up to launch the HELB mobile wallet and HELB M-Pesa mini app.
- Cities offer way less than what small towns do, and this is only looking at the equivalent of the cost of living and mental health. Small towns are the new fad and rightly so. The general sense of wholesomeness is unparalleled. The myriad of opportunities sticks out for anyone with a concrete plan.
- From my experience, a crisis is always a timebomb ticking. It is a canopy that capsules all, a bird with a wide berth of a wingspan. Savings are criminally underrated. What they offer is a cushion for rainy days and heaven knows we have more than enough of those, a saving habit is one of the safest…
- "In exercise of the powers conferred by section 2 (1) of the Public Holidays Act, I declare Friday, 21st April, 2023, shall be a public holiday to mark Idd-ul-Fitr," the notice reads in part.
- Prof Ndung’u is no stranger to the Kenyan public finance system - having served as the Governor of the Central Bank of Kenya (CBK) for two terms (2007-2015). If approved for the CS position, his credentials will make him the most-read economist to head the National Treasury since Kibaki’s exit in…
- President William Ruto offers a number of goodies to investors and a number of Kenyans who have operating or interacting with digital services. He scrapped a new law that had seen KRA collect millions of shillings from international companies and extended a tax relief to employees in startups…
- It’s already mid-April! In this week's edition of Money Weekly, we look at what has been going on in the financial world. Plans by the government to deduct Ksh17 daily from hustler fund beneficiaries top the list. Still, on NHIF, 80% of NHIF members failed to make their monthly contributions.
- Achieving a balanced work-school-life can be challenging, but it's essential for maintaining good physical and mental health and achieving your personal and professional goals.
- Retirement planning is a process that requires ongoing attention and adjustments. By being proactive and planning, you can enjoy the retirement lifestyle you've always dreamed of.
- Money is one of the most common sources of conflict in relationships, and it can quickly spiral out of control if left unchecked. The eight habits discussed in this blog post can fuel money conflicts between couples. Fortunately, there are practical steps you can take to prevent them from damaging…
