Latest finance stories from across Kenya.
It’s easy to assume that all money worries can be sorted by simply getting more money. However, just as it’s important to have money, and use it responsibly, it’s also essential to have a healthy relationship with it. The Japanese concept…
Money is the centre of every move that most human beings make these days. Eating, dressing well, accessing health services, communicating with a lover who is far away, and even moving from one place to another requires money. Money plays a…
Financial advisors and influencers have proliferated the internet selling everything from premium courses to get-rich-quick schemes and investments. Personal finance influencers share money insights and tips across social media channels,…
There are two things guaranteed in this life. One is that we’ll all go through ups and downs. Secondly, we can bounce back from almost anything even an economic downturn. It helps to be prepared – to read the signs so that you can start…
In the capitalist world that we live in today, we have had no choice but to educate ourselves about money and finances. While accumulating wealth may not be a financial goal for everyone, I would like to imagine that most of us would at…
Money is an insatiable need. The more you have, the more use you have for it. Even so, it gets to a point where you find yourself misusing it and not saving enough or at all. This is a huge problem. For one, it’s a short-sighted way to…
While it may not seem like that, emotions mean a lot to us. They influence our decisions, perceptions, ideas, thoughts, and even experiences. Many of us are not vulnerable enough to admit it but the truth is emotions, both positive and…
Life has become expensive. What 10,000 Kenyan shillings could do for you ten years ago it simply can’t today. There’s a popular joke that goes around that in today’s world if you so much as step outside your gate, you will have spent at…
From the time we are born, the experiences we have had have shaped our attitudes and perceptions towards life. It’s hard to know our true values and beliefs are in a world with an overload of information, both accurate and inaccurate.…
We all have different financial values. Some aim to be rich enough to travel the world, while others simply aim for a simple, financially comfortable life. For some, their financial value is simply to afford to have fun at will. The levels…
Nandy grew up in a fairly comfortable home. They lived in a beautiful four-bedroomed house, which was perfect because each of her siblings enjoyed the luxury of a room to themselves. They went to good schools, and their school fees were…
You may have noticed that the way people behave around money is totally different. There are people who are very ‘liquid’ with their money and feel free to spend large amounts of money without proper financial planning. Then there are…
Living in a pandemic has somewhat highlighted issues that people knew existed but kept under wraps for one reason or another like the black tax. These include the need to have an emergency fund; a side hustle or multiple sources of income…
If saving is among your financial goals to becoming wealthy, then I am here to burst your bubble. The reality is that financial awareness is never pretty. It will test you. You will realize along the way that there are so many things you…
These are precarious times we find ourselves in and there really is no indication that the economic situation or the rest of it really will get better. For this reason, people are reasonably choosing to reduce their financial insecurity as…
Money is an extremely sensitive subject. Discussing it can be uncomfortable enough as is, and so it is necessary that we learn how to behave with and around money. There will be times when you need to borrow or lend your friends and family…
Infidelity in relationships almost always refers to people having romantic entanglements with people outside their relationship without the explicit approval of their partner. There is however another type of infidelity that is just as…
Some facts of life do not need proving through studies or statistical research. One such fact is that money is the single biggest source of tension in a marriage. Unsurprisingly so. Most of us have unresolved money issues and struggles all…
There are plenty of obstacles for the middle-class population (whether one is employed, self-employed or an entrepreneur). This includes trying to keep one’s job and not be retrenched for the employed; trying to get clients for the…
With the rise in digital transformation and adaptation, more people are using online services for various purposes. This includes banking, making payments, carrying out transactions and the most basic of all communication. While this might…
I think of the first time I went into major debt a lot. It was not really the first time, because before then, we had taken out a big loan with a Sacco as part of a now-defunct chama. But this was the first time I was personally signing on…
Nothing is ever guaranteed in life. The income that one has today can be gone or greatly reduced tomorrow. You could lose your good job by being fired, retrenched, declared redundant or let go if the company you work for closes down. If…
I have a friend who recently bought a wristwatch online. It was on “offer” from an (indicated) original price of Ksh.15 000 to Ksh. 4 500 – an eye-watering discount by any standards if it were true. He was excited to tell me about it and…
I recently tweeted a thread on why there is never a “good” time to invest. How there will always be stuff happening that causes us to hesitate and second-guess ourselves while investing. Things like difficult markets, a tough economy, the…
