The best strategy in personal budgeting is to keep track of past spending and plug the leaks. Personal budget items such as housing, food, groceries, clothing, and personal care are considered basic. However, without being keen, other important but not necessary items may creep into our budgets.
Let’s face it. For many of you, college is the first time in your lives when you have to manage your own finances, away from the watchful eyes of your parents. You now have to pay bills, handle budgets, find a bank, and be faced with choices around credit cards and insurance.
A good personal budget should include an emergency and savings fund. The best strategy in personal budgeting is to keep track of past spending and plug the leaks. Personal budget items such as housing, food, groceries, clothing, and personal care are considered basic. However, without being keen, other important but not necessary items may creep into our budgets. Such items would include debt repayment, entertainment, and household shopping.1. Finance ChargesIn Kenya today, most people are
They say “your actions reflects your character, that how people see you behave says a lot about who you are”
Whether you’ve decided to save more of your paycheck or to simply spend a little less, or maybe you would like to add more money to your retirement account each month. There are plenty of goals you can set for 2017 to become a little bit more financially-secure. But if uncertain of where to begin, or you are looking to take baby steps first, Here are three basic money resolutions you can make in 2017.Related: 4 Reasons To Launch A Business With Your Spouse1. Open a savings account that’s
Children always ask for money from their parents, they love to have the freedom to spend it on candy, snacks and toys. Even though it is a child’s choice to spend money on whatever they want, it is important to teach them about money early, so as to have an understanding on how to manage their money. This education on money management is a foundation that should be taught to every child. They should get the correct information and practices so they can have basic financial skills before they
Believe it or not, there are some ventures out there that when executed correctly will enable you to make money while you sleep. I am talking about recurring, predictable income here. I have to say I am a beneficiary of some of these ventures myself, so safe to say I kinda know what I am talking about.