With transactions on the latest mobile banking innovation, M-Shwari, growing fast, having crossed the KES 1 billion mark by the end of 2012, with an excess of KES 976 million deposited in savings, only shows how Kenyans continue to recognize the importance of saving their money.

One of our readers recently wrote to us asking what percentage of one’s salary should cater for kids’ school fees.Quick research shows there’s not much data out there about budgeting for your kid’s fees, mainly because school fees aren’t part of monthly expenditure. In Kenya for, instance, a school term…

A study shows that Americans will be spending an average of $854 (KES 72, 590) on gifts to family and friends this Christmas. How will that look like here?

Say goodbye to poor debt-handling behaviour. Vertex 42, a Money Management Software Developer, has a system that helps the user control the amount of money they save or spend, depending on their debt ratio.

A budget is a necessary evil. You can’t effectively manage your finances without one. Having said this, sticking to a budget is another issue. Most of us find ourselves constantly deviating from our budget with the problem probably lying in our spending’s, but then again you might have formulated a budget that doesn't quite cover your financial obligations effectively. Here's a simple 1,2,3 of creating a budget.

To most, living by a budget is a life void of fun. It’s assumed to be lifestyle crunched with numbers trying to confine oneself to a restricting lifestyle. Done correctly, budgeting ought not to be that way, if anything; a budget should relieve all strain on your financial…

A survey conducted by Ipsos-Synovate, late last year, showed that only 50 percent of Kenyans put money aside regularly as savings. 46 percent don’t save, 1 percent had no response while 2 percent refused to answer. Some of the main reasons why 46 percent…

If you are looking for a budget that will give adequate room for fun money, then the Balanced Money Formula is the perfect budgeting system for you. If savings is your goal, then the 60% Solution is perfect budgeting system for you. Today we will look…

If you are determined to live within your means so that you can save up for your future, then this is the budgeting system for you. The 60 percent solution is a personal budgeting system by MSN Money author, Richard Jenkins. All you have to do…

The Balanced Money Formula, also referred to as the 50-30-20 Balanced Money Formula, is a budgeting guideline proposed by Elizabeth Warren and Amelia Tyagi. It’s based on the ideas that work and no play creates a mindset of deprivation. It is thus ideal for those who love spending,…