- Jim Rohn once said that you are the average of the five people you spend the most time with. This observation should jolt us due to the fact that those five people in our circle also have people in their circle whom they spend time with and so on and so forth. With this, the influences they bring…
- From NSSF contributions set to increase starting this month and what that means for your pocket, to mobile money agent transactions hitting a new record, and employment projected to rise this year according to a CBK survey, the last seven days have had quite a lot to unpack.
- To keep yourself financially stable now and chase your dream of reaching financial independence, you will need to save and invest simultaneously. To achieve both goals, you should protect yourself by building a cash cushion of one year's worth of expenses. Once you have that locked, you can start…
- Gambling is treated much like death. Like, there is some apathy attached to the news of death in the media. Till it hits home - then it hurts like hell. The effects of gambling are easy to read about in the papers, or in TV documentaries. It’s a different kettle of fish actually to deal with the…
- As a freelance writer, managing money can be a complex and challenging task. However, through the ups and downs of freelance life, I have learned valuable lessons about money management.
- From Hustle Fund borrowing limits doubling to interest rates on fixed deposit account in banks hitting a five-year high, Kenyans abroad being forced to spend less to afford to send Ksh44B home in January and waiver of bank-to-mobile charges, the top money news from the last 7 days on Money Weekly.
- My rural homeland is purely agricultural. The rolling hillsides are dotted with scenic tea farms, and the occasional field with grazing dairy cows breaking the monotony. The snaking murram roads are littered with rusty pick-up trucks in various states of disrepair, bowing out to the versatile…
- Whether you have old clothes, kitchen appliances, or a collection of stylish jewelry, an online marketplace is a sure way to dispose of them and make extra money. Even clothes that your kids might have outgrown can quickly find buyers on an online marketplace.
- Getting a loan can be greatly beneficial in your financial or personal development journey. The rationale for getting a loan is that there is great value in investing today’s money as compared to the future money. Thus, accessing credit could help you buy a home, start a business, buy a car, or pay…
- Have you ever found yourself in a heated argument with a loved one, friend, or colleague over money? It can be frustrating and stressful. Don’t worry. You can avoid these disagreements.
- Although Valentine’s Day is a day dedicated to celebrating love and affection, it can be a source of stress if you feel obligated to spend on gifts, dates, and romantic gestures.
- Are you struggling to find the perfect Valentine's Day gift for your significant other? Choosing the right gift can be tricky. To make sure your gift is a hit, consider your partner's unique tastes, interests, and style.
- The Central Bank of Kenya (CBK) reinstated charges for money transfers from bank accounts to mobile money wallets effective January 1, 2023Bank-to-mobile money transfer fees were waived on March 16, 2020, in an effort to encourage individuals to use mobile money amid the Covid-19 pandemic.
- Goodbye January! I thought I would never say these words after the so-called 1000 days of January. But yeah, February is with us. You probably feel a sigh of relief as the turbulent tide of Njaanuary comes to an end and the month of love kicks off with a whole new urge for expenditure.
- Financial health is important and it matters for everyone interested in improving their lot. This means working towards financial “sainthood” by falling down and then keeping rising. Again and again.
- There are many ways to get a windfall. You could land a big promotion at work paying a lot more than you could have imagined, you may inherit a lucrative asset or cash, win a lottery, land a business deal or a lifetime, or even get approved for a substantial personal loan.
- I am convinced nobody on earth can watch Succession and not binge it. Watching it, I felt as if I had inhaled pure cocaine. Not that I have inhaled cocaine, pure or otherwise. I mean it was a pure adrenaline rush. The show has had three seasons so far.
- You and your love muffin may be planning to get married. But is your bank balance ready for this big step? Are you and your partner on the same page financially? How can you know you’re financially ready for marriage?
- Frugality isn't about depriving oneself but finding creative and effective ways to stretch your money further. By being frugal, you can save money, reduce your expenses, and make the most of your income
- Did you procrastinate or abandon your 2023 New Year resolutions? Well, you are not alone. By February, the enthusiasm is usually gone, and people return to their old habits. An astonishing 80% of new year resolutions fail by February.
- I've lately been pitifully broke. January has humbled me, for all of her seemingly 1000 days. I've been just fine. I have reason to believe that overall, I'm a better person when I'm broke.
- Your 20s are one of the most telling times of your life. What you choose to do has a big impact on your future. As such, deciding whether to start a family can feel daunting. You’re inexperienced and have little or no savings.
- So, your romantic life is going perfectly well. You and your partner have a beautiful relationship. Butterflies are everywhere. The days are brighter than before. Finally, it looks like you have found - THE ONE.
- Remember that account you opened to support your friend's bank sales job that you've never used? Or the salary current account you had to open on your first job? Keeping an idle bank account open can be very risky if not also expensive. Read on to learn more.
- We are now a month past the new year, and I can bet very few people have a resolution to quit their jobs. After all, quitting is hard. The majority of us will want to continue working at something - even when it's barely functional - because who knows what is out there?
- Here’s the way things probably are right now. You just got employed and have to face the financial burden of supporting your family. This can be providing financial assistance to family members in need, paying for education or other necessities, and supporting community projects.
- Everyone knows they need to save money. Yes, even those who justify their overspending with "you only live once." There is a tonne of reasons to save, but primarily, it's to achieve financial independence. So, where should you put your money when you decide to save?
- Everyone knows they need to save money. Yes, even those who justify their overspending with "you only live once." There is a tonne of reasons to save, but primarily, it's to achieve financial independence. So, where should you put your money when you decide to save?
- We live in a modern time where equality is striving for a fair balance, with many outdated gender norms being discarded. One of that norms is the provider's role. More and more women are taking the positions of the primary breadwinner in their families for one reason or another.
- There is an increase in pet owners especially in Nairobi if the recent sightings of people tugging along with pets in their morning and evening walks on the streets is anything to go by. The rise in pets is further attested to by the growing number of Pet stores which sell pet food and other…
- It is almost the end of January - arguably the toughest month of the year - and the developments in the world of money over the last week seem to have taken the Njaanuary memo quite literary.
- At a time when inflation is approaching double digits, it is incredibly important that you start educating yourself on ways to protect the money you already have, increase the returns of your investments to at the very least higher than prevailing inflation rates and find ways to generally increase…
- Working online provides a way to supplement your income. Research published by Ajira Digital shows that 5% of Kenya’s adult population works online. The number will likely increase as more Kenyans embrace the digital and gig economy.
- Lifestyle inflation is a phrase used to describe an individual's increase in expenditure as their income increases such that what was formerly considered a luxury becomes a necessity.
- If you're tired of feeling anxious about your finances and unsure where all your money is going, it may be time to start being more mindful of your spending habits.
- Everyone wants to make money. Money, after all, is what you need to survive, pay your bills and give yourself the life you want. And to make money, you must work hard. It's the number one rule in the book. If you are not tiring your muscles, you are tiring your brain.
- You’ve finally met your soulmate. Love is in the air. Sunshine and rainbows everywhere. However, love alone can’t foot the bills, put food on the table, or keep the landlord happy. How will you pay for that romantic dinner you desire? How will you survive the financial adversities that come with…
- Several money-related topics have made headlines over the last week. The theme for most of it was taxes, taxes, and more taxes. From KRA planning to start monitoring mobile money transactions to Treasury introducing new taxes to NHIF making adjustments to its model, and many more, there have been…
- The results of the 2022 Kenya Certificate of Secondary Education (KCSE) examinations have been released today, Friday, January 20, 2023, by Education CS Ezekiel Machogu.
- Investing, saving, and spending money requires that you make informed decisions. It's the only way to ensure you take responsible steps to control your finances. And to stay in control, you must familiarise yourself with financial concepts that guide your decision-making process.
- Are you constantly feeling anxious about your finances? Do you find yourself overspending, even when you know you shouldn't? If so, you're not alone. Many people struggle with managing their money and fall into the trap of overspending.
- Candidates of the Kenya Certificate of Primary Education (KCPE) have now been placed in secondary schools across the country in what the Ministry of Education promises to be a 100% transition.
- The good thing about the start of a new year is that most people have this new-found energy to start afresh. This attitude and energy can be harnessed into one's personal finance as well.
- Among the most popular ways to save that has managed to entice many people is the 52-Week Savings Challenge which has been running for a number of years. This time though, we’re looking at a similar challenge but with a twist.
- It's already the start of a new year, and if you're like many people, you may be thinking about your financial goals for the year ahead. One key aspect of achieving your financial goals is creating a spending plan that outlines how you will allocate your money throughout the year.
- Whether you just completed your high school education or you have been in employment and looking for job promotions, picking the right course that will impact a highly valuable skill is paramount.
- Most people shy away from the idea of investing in the stock market mainly because they do not understand how the market works. Others think trading in shares is only for sophisticated investors. Well, let’s make you a sophisticated investor today; it's a lot simpler than it appears.
- When 2022 came to a close, most Kenyans were faced with the annual budgeting challenge. This is because for most in the employment world, salaries usually come early in December, and herein lies the danger.
- Wanjiku has a simple spending philosophy: she will always pay for everything in cash and plan her purchases. Whether it was a Ksh5,000 handbag or a holiday vacation, it didn't matter. She took time to plan and save. She picked up these good financial habits when earning less than twenty thousand…
