All about loans in Kenya
No one is born knowing how to manage their finances. It’s a skill that you have to learn over time, through trial and error. Unfortunately, many people don’t learn the basics until it’s too late. If you want to avoid making common financial mistakes, then read on. When people find themselves struggling financially, there is […]
It is never too early to start practicing good money habits. In fact, the earlier teenagers are exposed to good financial habits, the better chance they will become financially savvy. This is an important life lesson in general, but especially if college is on the horizon for your teenager. Becoming a college student is probably […]
1. The world is designed to separate you from your money. I firmly believe that everything in this world is designed to separate you from your money. An economics professor dropped this gem on us one morning (so I technically learned this in college). Since hearing this, I can’t stop thinking about it because it’s […]
1. Inflation The first money lesson that I wish I knew earlier is to understand inflation. So inflation is the decreasing value or purchasing power of any given currency over time. What that means is, in general, the price of everything is going up and the value of your cent or whatever currency you have […]
From a very young age, children pay close attention to how money is treated in their home. Many parents are missing the opportunity to use the observations as teaching opportunities. Parents prefer to keep quiet when there are struggles or disagreements about money, especially with things such as debt, paying for college, monthly budgeting and […]
1. Investing while young is mandatory It can be scary to wake up one day with the realization that it’s no one else except yourself to plan and save for your future. The day I learned what a Robo-advisor was, was the same day I finally felt less pressure and more confidence to take control […]
Here are 31 lessons I’ve learned about money… 1. I’ve never met a person who ever reached ‘their number.’ You know, people say, ‘When I hit X amount, I’ll be good.’ They say, ‘Once I have X years’ salary in the bank, I’ll be good.’ No one ever seems to get to that number. We’re […]
Financial literacy is an essential life skill that should be imparted to children from a young age. Teaching your kids about money not only equips them with the knowledge and skills they need to make sound financial decisions but also sets them up for a more secure and prosperous future. Guide your children to a […]
Important Financial Lessons Every Working Adult Should Learn Develop These Money-Management Skills to Get Your Finances Under Control Navigating the world of personal finance can be overwhelming, even for an adult who has quite a bit of experience in the working world. With some smart planning, a good strategy and understanding of the basics you […]
Navigating the world of personal finance can be overwhelming, even for an adult who has quite a bit of experience in the working world. With some smart planning, a good strategy and understanding of the basics you should be able to develop the money-management skills you need to get your finances under control. Here are […]