Track Trim Target, Which style Suits You?
A reader asked how they should best allocate funds for their budget. Unfortunately, there’s no universally accepted budget allocation method or formula. Different finance experts have varying suggestions on how one should best distribute their money in their budget. This is understandable and expected since no…
Balancing Your Budget: Part 1
Halfway through the month, most guys tend to be broke by now. No matter how much they earn, it somehow isn’t enough to push them till the end of the month. Money Problems Money Solutions, an online personal finance site have identified a solution to this:…
Identifying Your Budget Weaknesses
“It’s clearly a budget. It’s got a lot of numbers in it.” – George W Bush Formulating a budget is one thing, sticking to it is another. It’s no secret that having a budget will help you effectively manage your money. The unfortunate reality is that…
Budgeting Your Variable Costs
Simply put, your variable costs may include your electricity bills, car maintenance costs, medical expenses, food expenses, just to mention a few. How do you budget for them? These bills may or may not come every month plus there costs fluctuate on a regular basis. How do you…
3 Traits for Successful Budgeting
Sticking to a budget can be a very tricky affair. It entails some degree of discipline and self-sacrifice, traits that are difficult to uphold. Despite this, budgeting is still an important aspect in our life. Sticking to a budget is a sure avenue to achieving financial freedom.
Manage Your Budget from Your Phone
Manage Your Budget from Your Phone Yesterday we introduced you to envelope budgeting, a simple budgeting technic that entails dividing your expenses into categories and assigning each category an envelope that will be topped up with a particular amount of money. You then limit your expenditure;…
Lessons from Total’s KES 259 Million Loss
When Total Kenya announced that they had incurred a loss of KES 259 Million there was uproar? Everyone thought that oil is big business. What exactly does this loss teach us?
Just Got Paid: Money Mistakes to Avoid
It’s that time of the month when most of us are either already paid or about to get paid. There’s nothing as exciting finally having some money in your account. The struggle to make ends meet is finally over and if you had to borrow to make it…
Wekesa’s Pay Day
Wekesa, a plumber, was recently contracted to install piping for an apartment and earned himself KES 15,000. This is the highest he has earned in a while, and like many Kenyans, this was how he spent the money. First, he decides to reward himself for his…
Set Aside a Fun Fund
Being smart about money should not mean worrying about it all time. Cut yourself some slack and enjoy your hard earned cash. The point of making money is not primarily to pay for your needs, live a little, have fun with what you earn. It will motivate you…
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