Personal Finance

Should You Save Or Spend Cash Windfall

May 9, 2012
Dollar In The Wind

Quick: If I gave you Kshs 200,000 today, what would you do with it? Every so often, or at least once in a lifetime, we receive money we didn’t expect. It may be from a lottery winning (very rarely), your employer could feel generous and decide to reward you, or you could close a business [...]

Read the full article →

5 Tips To Save On Fuel

May 7, 2012
Thumbnail image for 5 Tips To Save On Fuel

This is a guest post by Amaan-Ali Fazal, a BASC Mechanical Engineering (Thermofluids) student. Many thanks to Private Naph for getting Amaan to blog for us. Naph is a motor enthusiast and runs the best car blog in Africa (in my opinion). You can learn more about his blog here and follow him on Twitter. [...]

Read the full article →

Buy Stocks Like Tomatoes: When In Season!

May 2, 2012

Any investment adviser worth his salt will tell you to include stocks in your investment strategy, but few tell you how to do it. I strongly believe that stocks are great, and should be part of everyone’s long term investment strategy, but I haven’t focused much on them in the past. However, after observing the [...]

Read the full article →

5 ways to save on food spend

April 30, 2012

My monthly budgeting model is such that instead of planning for every single item I intend to buy, I set aside the following (in order of importance): Savings and Giving Rent Debts (if any) Other bills (fuel, electricity etc) House shopping Whatever remains after that is my “Float” or spending money. When it runs out, [...]

Read the full article →

Jargon Friday: How To Calculate Interest On A Loan

April 27, 2012

We are introducing a new section on the blog, Jargon Friday, to appear every Friday (rather obvious isn’ t it?). Jargon Friday aims to simplify some finance and tax terms, and make it easier for a non finance reader to understand our posts, and even more, manage their finances better. In this edition of Jargon [...]

Read the full article →

The 50,000 bob problem: Part 2, pricing our desires

April 24, 2012

In Part 1 of the 50,000 dollar problem, we looked at my techie friend’s dilemma. He’d come across Kshs 50,000, and was looking to make “good” and certain returns in a year, and since I wasn’t offering him any viable solutions, he was going to buy the iPad2 instead. My advice to him was to [...]

Read the full article →

Why You Should Join An Investment Club

February 6, 2012

About 5 years ago, investment clubs were all the range in Kenya. Even I was a member of one. Inspired by the Transcentury story, everyone wanted to join in an investment club, and to “become a millionaire”. However, few clubs have been successful, and it seems today fewer young people are part of investment clubs. I [...]

Read the full article →

How To Track Your Expenses

January 11, 2012

In my post; Personal Finance 101, I mentioned expense tracking as the starting point in coming up with a budget. In this post, I will share 3 expense tracking methods that have worked for me. 1. The Notebook This was the first, probably most archaic method I ever used, but it worked! I basically carried [...]

Read the full article →

New Year Resolutions

September 29, 2011

For as long as I can remember, people have been making new year resolutions, and have been failing at it. This year, more than 90 million adult Americans made new year resolutions and the top resolutions were about health and financial well being. With billions of people around the world resolving to do better each [...]

Read the full article →

Let’s Talk Cars

September 8, 2011

I love great looking cars that also drive well. This shouldn’t be confused with a love for how cars work. I wouldn’t tell what a radiator is if it hit me on the face, but I know a thing or two about money issues surrounding car ownership, and that’s the gist of this post. If your [...]

Read the full article →

← Previous Entries