- Building up your retirement savings is crucial to securing a stress-free and comfortable future. Implementing the seven tactics discussed in this post can boost your savings and ensure you have enough funds to support your retirement lifestyle.
- Cutting back on expenses doesn't necessarily mean completely eliminating them. You could also consider reducing the frequency of these expenses or finding cheaper alternatives. By making small changes to your spending habits, you can make a big difference in your financial future.
- Insurance is an important tool for protecting your family financially, but it should not be the only one. It's essential to have a diversified financial plan that includes other investments such as liquid assets that can be easily converted into cash and investments that can produce passive income…
- In the holiday context, Easter scores poorly. It lacks that reckless abandon that allows guilt-free partying we see over Christmas. It’s too early in the year. People are still nursing financial stab wounds, thanks to ‘New Year bills’. As a kid, Easter was incredibly boring. It meant forty days of…
- Improving credit is an ongoing job that requires consistency and effort. It involves maintaining good financial habits and managing debt responsibly. While the 5 Cs can be a starting point, they are not the only factors a lender will consider. Ensure you talk to your lender to understand their loan…
- My first job was a generous touch from the gods of nepotism. Fresh from campus, I was hunting for any gig that would spare me the agony of returning to the village. I needed little persuasion to join my seemingly well-off cousin who had lived at the coast for years. A few days to graduation, my…
- From personal experience coupled with the research I've carried out, 'fear women' is just a funny meme that should be taken at face value. The benefits that come with a having a life partner when it comes to realizing your financial goals cannot be ignored.
- The last day of March is here marking an end to the first quarter of 2023. As Kenyans strain to keep up with the rising cost of living, there is a corresponding increase in the base lending rate by the Central Bank of Kenya. As we do every week, here's our summary of the top money news from the…
- You can reset your money mindset and eliminate the financial challenges that keep holding you back, earn or change your worth or develop money mastery which could help you control your financial destiny. Whatever the case, empower yourself and create the financial life that you desire.
- The KRA, in a public notice, is asking all taxpayers to update their registration details as part of an ongoing data clean up. The changes will be done on the iTax platform and will require individuals holding Personal Identification Numbers (KRA PIN) to update the current information including…
- Investing is a risky affair. On one hand, you want to grow your money; on the other, you risk losing it. The best way to do this is to keep an emergency fund and invest in insurance. They will prevent you from having to sell your investment during a crisis. Additionally, you will be more confident…
- Getting over a lost personal item, such as a wallet, is never easy. It becomes considerably more complex if the wallet contains sensitive and confidential documents. You may attempt desperately try to find it, but this will just add to your worry. So, employ the strategies listed above to safeguard…
- Since stress can be overwhelming, you could consider seeking support by talking with others who are experiencing or have gone through similar financial challenges. This can help you feel less alone and provide you with practical strategies for managing your money-related stress. You could also…
- In this week’s edition of Money Weekly, we take a look at what has been happening in the money world. Student’s financing in tertiary institutions takes the lead after the Higher Education Loans Board (HELB) says it does not have enough money to lend to 140,000 students. The government is also…
- Being single has its highlights, especially if you do not have dependents. You can easily commit a good percentage of your income to savings. But it can also be hectic because you need someone to split the bills. You can also lose track of proper financial planning because you need an…
- Starting early in life allows people to make mistakes, learn from them and grow at a pace that suits their goals. It allows them to develop their skills and interests without the pressure of time constraints. Mental and physical health are some of the several positive impacts of starting early.…
- Is that digital loan app you are downloading legit? The relief of getting a loan within minutes should not blind you from the potential helplessness of extortion for months by copycat apps. In this article we take you through the warning signs you are downloading a copycat digital loan app and how…
- The Supreme Court of Kenya ruled that spouses aren't eligible for half a share of marital property in a divorce. The declaration got many people guessing what lies in store, and unsure of subsequent consequences. While typical divorce issues touch on concerned individuals, children, and families,…
- To a newbie, Gikomba Market hardly lives up to her reputation as a regional economic nucleus. It is noisy, with open drainages and filled with the city’s riff raff. But, above the humdrum - enough money flows here to feed economic tentacles across East Africa.
- President William Ruto has nominated 50 Kenyans to serve as Chief Administrative Secretaries (CASs) in ministries and government departments. Some of the most recognisable names on the list include digital strategist Dennis Itumbi, former Nairobi Women Rep Millicent Omanga, Former Nairobi Governor…
- The first quarter of 2023 is almost over and as Kenyans strain to keep up with the rising cost of living, there is a corresponding increase in dependency on digital loans for survival.
- Saving money is one of the most cardinal financial planning principles. Generally, saving is a fundamental starting point for you to grow your wealth and also prepare for financial emergencies. For a better financial standing, it is good to grasp the life lesson of saving money.
- Borrowing or lending money through social channels, such as from friends and relatives is not a bad idea. It is particularly beneficial in situations where there is trust. However, lending money informally is an exercise that requires caution and due diligence to ensure you neither lose the money…
- Money254 is an independent financial comparison service. Our vision is to ensure you have the knowledge, tools and access to confidently make the most out of the money you have. We enable you to search, compare and directly apply for financial, investment and insurance products available in Kenya…
- Starting to invest early has a lot of benefits, but it's never too late to start. After all, better late than never. If you are in your twenties or thirties and starting to invest early, consider taking it slow. You might have the time to recover, but that doesn't mean you should take more risk…
- Scammers keep evolving and upgrading their trickery to ensure they stay in business. The varieties of advance fee fraud schemes that exist today are only limited by the scammer’s creativity but they always find a way.
- It’s just about 10 days into March 2023 and Kenyans have not seen the last of the negative effects of inflation, UK visas for Kenyans will now take 15 working days to process, KRA continues to tighten the noose on revenue leakages and have you paid your Okoa Jahazi? Safaricom is coming for your…
- Saving money with your spouse has enormous advantages, including a combined income to reach myriad financial goals. But it can only be possible if you are on the same page. It takes loads of talking and honesty to approach the money topic.
- What you do daily in your 20s is building the adult you will be. For this reason, then, the 20s are the time that you can build a strong foundation for your future or mess it up altogether depending on the choices you make. The take-home message is: whatever you want to change about yourself, the…
- If you have a regular job and you’re struggling to pay bills or falling short of your savings goals yet you are not extravagant, then that clearly shows that it’s time to have that conversation with your boss or look for greener pastures elsewhere.
- Shopping online has become increasingly popular in recent years, with many people finding it to be convenient and efficient. Additionally, it provides a wider variety than a single retailer which allows access to goods and services that might not be offered at a physical store. While there are many…
- Most banks have long loan application procedures and stringent eligibility requirements and you may not be assured that they will approve your loan. Again, the loan disbursal period differs from bank to bank which may be a significant challenge to someone who needs money right away. Cognisant of…
- The good news is that there is no specific way or path one needs to follow to become an entrepreneur. Becoming a successful business owner is something that can be done in any way.With time, experience, and training, traits and behaviours like experimentation and perseverance, an entrepreneur can…
- It’s Friday, but I visibly flinch at the Thank-God-it’s-Friday phrase. It’s only the 3rd of March but I’m dead broke! I have a decent Ksh60k salary which came in on 25th of last month. My salary does not act like it wants to be my salary. Does it come with wings? Gone by the 3rd? Jeez.
- Inflation is rising again after a three-month pause, bank loan rates have risen to the highest level in 52 months, six months to adopt Safaricom SIM-swap and ATM-proximity technology as the Women Enterprise Fund (WEP) grows threefold amid the launch of the Hustle Fund microloan. This and more on…
- I know it looks good walking around town tugging a grimacing Boerboel, it flexes your ego, but in the long run, your pockets will cuss every inch of you for such an ill-timed decision. If there is an itch to own a pet, start small, understand the thrifts of the practice, and scale up slowly…
- Inflation is rising again after a three-month pause, bank loan rates have risen to the highest level in 52 months, six months to adopt Safaricom SIM-swap and ATM-proximity technology as the Women Enterprise Fund (WEP) grows threefold amid the launch of the Hustle Fund microloan. This and more on…
- When all is done towards securing a loan, remember to always work towards staying on top of your financial situation by continuously monitoring your progress in utilising the loan as well as your credit status.
- Timiza is a mobile banking solution launched by Absa Bank Kenya in 2018 (then Barclays Bank Kenya). It is an all-in-one app that not only serves as a mobile loan app, but also enables users to save money and earn interest, pay utilities, buy insurance, and also request for a cab (via Little Cab).
- The choices we make in life shape who we become. By focusing on the things that truly matter, you'll be able to make choices that you'll be proud of in 10 years. Remember to do what you love, take care of your body and mind, surround yourself with positive and supportive people, and always seek…
- To effectively manage your debt, you must avoid taking multiple loans and only incur new debt when you have a clear plan for repaying it. Without a plan, you risk getting into more money troubles that might be hard to escape.
- Saving money is hard, and you are bound to face some roadblocks. One of the best ways to ensure you hit your goals is to track expenses and have a detailed budget. If you know where every shilling is going, you will be able to find even more places to cut expenses every month.
- If three years ago you’d told her that one day the dark moment she was experiencing would be the light of young mothers in Kenya, she would have written you off. It’s amazing how what seems impossible today, morphs up into possible, tomorrow.
- Life doesn't come with a manual. As we grow older and experience different situations, we become wiser and make better choices. Rearview Mirror Reflections Podcast is a conversation between two Kenyan women sharing their perspectives on life and what they are learning…
- Many people associate locally-used cars with low quality because of bad driving habits of many Kenyan drivers, relatively higher mileage, and poorly-maintained roads that accelerate wear and tear. You can still find good quality locally-used cars since many owners do not always sell their vehicles…
- As you increase your income, ensure that you constantly keep your financial plans in order. Setting new goals for yourself, thinking long-term, and protecting yourself in the process will help you build long-lasting wealth. You can stay grounded, and it helps you maintain the right money mindset.
- It’s only five days until March already! As payday approaches and you are probably now well settled into 2023, how much percentage in dividends did you Sacco pay for 2022? In this week’s edition of Money Weekly, we take a look at some of the best performing Saccos as far as dividend payouts are…
- A personal loan can be a great step in your financial independence journey. There are various benefits that come from taking a personal loan, including more legroom to organise your expenditure, increasing your net worth in the long term, catering to emergency needs, reducing long-term expenses,…
- If you want to accomplish your money goals with your partner, fight less, or simply don’t want to struggle to pay for your children's education or fall into debt while having dependants, here’s some good news. In this article, you’ll discover seven outrageous ways to manage your finances before…
- Being able to save doesn't always result from having a high income and regardless of how much you earn, you still need to save. Current trends and flashy lifestyles on social media have a significant impact on how many people choose to live beyond their means.
