Somewhere down the line, we find ourselves with no source of income. You might get a pay cut, or you are entirely out of a job. It is a sad situation to get yourself in, but the first step is not to pity and beat yourself up about it. The next step is learning how to budget after a pay cut or job loss. How to Budget After a Pay Cut or Job Loss Create...
With increased tough economic times, financial security has become a concern to many. This is not different if you have a mad ambition to move out and live independently. With the huge freedom however, there is a huge responsibility to be borne. Here are some helpful tips to guide you on how to save money to move out. Budgets are friendly Up until the thought of moving out cropped up, one is oblivious of the...
If you are looking for a way to make some extra income or even a full-time gig, working as a cab driver might be it. The taxi business in Kenya has evolved over the years, thanks to the rise of ride-hailing apps. As a cab driver with these ride-hailing apps, you can consider yourself self-employed. Working with taxi-hailing apps will not only give you more earning potential but also flexible hours. So, if you have...
Personal finance involves many aspects like paying for education, financing the acquisition of real estate and other durable goods, food, and health. But that’s not all. When it comes to managing your personal finances, your retirement should also be factored. However, the biggest conundrum of this is how much to save for retirement? In general, the principle dictates that you save as much as you can for your retirement. But maybe this age-wise analysis of...
Have you ever looked at your bank account a week after payday and wonder what happened to your money? Yeah, me too. The only thing that saved me from overspending and to account for every penny was budgeting. I have laid out a budgeting guide for beginners that has helped me save money, and might be an excellent way for you to account for your money. 5 budgeting steps for beginners Setting a financial...
If you are just getting into the realm of investing, today we are going to be giving you tips on how to do so. What is investing? In a nutshell, it is the creation of wealth by means of committing resources in an enterprise or endeavor and hoping for a positive return. Simply put, investment is employing your money by making a financial investment to make a profit. Many people invest for two reasons mostly:...
Easter Holiday is around the corner, and we all know what it means- spending a lot of money on food, decor and maybe new outfits. Most of us are still reeling from Christmas holiday and Valentine’s Day debts. Now, Easter holiday is around the corner and without a proper financial planning, things will only get worse. However, we have compiled for you frugal tips that will help you save. Save with the below frugal tips...
Valentine’s Day is around the corner, people. Since most of us are still dealing with post-holiday debts, we are looking for ways to show our people that we love them. But, on a budget. Celebrating Valentine’s Day on a budget is very much possible. It is all about knowing your loved one and spending smart on them, and what really counts is the action, not the money you spent. Whether you are single or not,...
The new year is finally here! We still have the sweet memories of the holiday season. The spending, however, has left some of us with post-holiday debt. Holiday expenses, buying gifts, the food and so much more. It is a ghost that will be hovering over our bank accounts for the better part of January. If you don’t plan yourself well, your post-holiday debt will spiral to February, March and maybe the rest of the...
The holiday season is upon us people, and what better way to kick it off than with Black Friday. The deals that come with Black Friday from various retailers could make you break your bank. We do not want that for you mostly because the holiday season can be very long when you are broke. To help you contain your shopping spree excitement this Black Friday, here is how to shop on a budget. This,...
