LIFESTYLE CREEP : THE WORST FINANCIAL MISTAKE

Remember the time, probably at the beginning of your career, when you were earning way lower than you do right now? Remember how you managed to get by with the little income you had. You were on a tight budget and so every coin had to count for something? Quick question: When your income increased, […]

HOW TO BUILD BETTER SAVING HABITS

Ever felt like, whenever you start saving for rainy days, it rains the next day? That is how trying to get into saving habits is. Just when you have set aside some cash, a need might arise and the cycle keeps happening, so you almost never have savings. But don’t worry, your savings habits might […]

SIGNS THAT IT IS TIME TO BREAK UP WITH YOUR BANK

Most Kenyans have at least one bank account, and the account has likely been with the same bank ever since they started banking. Rarely do people realize that the banking industry is a highly competitive one. Banks out there are trying to outdo each other by providing the best rates and incentive services to retain […]

TOP 5 PERSONAL FINANCE CHALLENGES AMONGST KENYANS

I remember a time when a loaf of bread was at a stable price of KES 50. A packet of milk too, and even cooking oil was moderately priced. As things stand at the moment, a packet of milk is KES 65, the egg prices are constantly fluctuating and still more taxes on flour -among […]

6 MONEY MISTAKES YOU SHOULDN’T MAKE THIS YEAR

Wealth is something you build. You build it through intentional spending, saving, and investing. You build it through healthy money habits. And you don’t have to be earning a certain amount to start building your wealth. It can be as simple as faithfully saving 1% of whatever you earn and later, when the savings become […]

7 INVESTMENTS YOU CAN MAKE WITH KES 5,000

Many of us hold the false notion that you have to be experts with a lot of money to start investing. We often promise ourselves: I will start investing when I reach a comfortable pay grade. Or, I still don’t know where to start and I may lose money. While these thoughts may sound rational […]

HOW TO BUILD YOUR FIRST EMERGENCY FUND

Having an Emergency Fund is a necessity! It is a shock absorber for the bumps of life that come every so often. Emergencies and unexpected expenses can strike when you least expect, and it’s for this reason that saving money in an emergency fund is essential for your finances. It’s time you start an emergency […]

WHY EXPENSE TRACKING IS IMPORTANT AND HOW TO DO IT LIKE A PRO!

The main reason you should track your expenses is to gauge your spending habits by identifying and eliminating the unnecessary spending patterns in your financial life. When you constantly track your expenses, you will have the power to control them, which is a wise move as you will adopt better financial habits of saving and […]

6 SIMPLE WAYS TO OVERCOME IMPULSE BUYING

Let’s admit it, impulse buying is kind of fun in the moment, but that spontaneity can drown you. Impulse buying is the biggest enemy to frugality, simplicity and a working budget. It can also be incredibly difficult to stop once you get into that viscous cycle or if retail therapy is how you get by […]

END OF YEAR FINANCE HACKS

End of Year Finance Hacks

There has been serious economic pressure since April because the Covid-19 pandemic forced tens of thousands of Kenyans out of their jobs and businesses. We have had people miss their rent payments with little to no confidence that they would be able to make the next month’s payment. The year is coming to an end […]