The Money Was Gone, But the Month Wasn’t Over On a Monday morning, Brian received KSh 5,000 from home. He was relieved. The semester had just started, and there were a few things he needed to sort out. He bought some food, paid for transport, topped up his phone and sent KSh 500 to a…
When Your Money Seems to Disappear Every Month On the 25th of the month, Kevin was feeling good. His salary had just come in. Rent was already paid. He had sent some money home, cleared a few bills and even put KSh 5,000 aside for savings. There was still enough money left in his account…
Why Money Market Funds Are Popular With Kenyan Investors For many years, Wanjiku kept her emergency fund in her ordinary bank account as she began building up her savings. It was convenient. She could access the money whenever she needed it, and she didn’t have to think much about where it was kept. After a…
Why So Many People Struggle With Budgeting Every month, Brian looked forward to payday. He would pay his rent, buy groceries, send money home, and enjoy a few outings with friends. Everything seemed to be under control. Then, halfway through the month, he would check his M-Pesa balance or bank account and ask himself the…
Why Saving and Investing Aren’t Opposites When Kevin landed his first well-paying job, he was determined to make smarter financial decisions. Every payday, he came across different pieces of advice. One friend told him to invest in shares immediately. Another recommended putting his money into a Money Market Fund. His father had different advice. “Before…
Why Your Savings May Earn Less Than You Expected When Grace received her first interest payment from the bank, she was excited. For months, she had been setting aside part of her salary in a savings account, looking forward to seeing her money grow. But when she checked her statement, something didn’t seem right. The…
At the beginning of the year, Daniel made a promise to himself. This time, he wasn’t going to let his salary disappear before the end of the month. He wanted to build an emergency fund, save for a car, and eventually put aside money for a home. His first step seemed simple enough—open a savings…
Why the Best Time to Teach a Child About Money Is Earlier Than Most Parents Think Every birthday, little Aisha received envelopes from relatives. Sometimes it was KSh 500. Other times it was KSh 2,000. Her mother would thank everyone, collect the money, and keep it safely at home. After a few years, she realised…
Why Some Investors Choose Safety Over High Returns A few years after starting his first job, James had managed to save a respectable amount of money. He knew leaving all of it in his current account wasn’t the best idea. Friends encouraged him to invest. One suggested buying shares. Another recommended cryptocurrency. Someone else talked…
When Anne received her salary at the end of the month, she had a routine she had followed for years. She paid rent, sent money home, settled a few bills and moved whatever remained into her savings account. Sometimes it was KSh 5,000. Sometimes KSh 10,000. She rarely touched the money unless something came up….
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