To get in touch with me please email gatwiri@kelliemurungi.com

Personal Finance

This post is a third on a series about how to save for our kids’ education.  The first post looked at a savings account as a tool for accumulating savings and the second evaluated education insurance plans. There is consensus that when saving for the future, you should prioritize your retirement over your kids’...

Yesterday, The Time published an article that cited the love for avocado as one of the things making home ownership an impossible goal for millennials.  They were quoting Tim Gurner, an Australian millionaire and property mogul. “When I was trying to buy my first home, I wasn’t buying smashed avocado for $19 and four...

Yesterday was Mothers’ Day, and as I was reflecting on my relationship with my mother, I was reminded of a small thing that mom did for us, that probably shaped how we view money in adulthood. Like most Kenyan children of our time, our parents sent us to boarding school. A key feature in a boarding school child’s...

Rock bottom financially is a position that some of us are familiar with. This is where things fail to work as planned, and you find yourself in mountains of debt, and not enough cash flow to both pay off the debts and your living expenses.  The tendency for most people is to black it all out and hope it goes...

Yesterday, the popular sport betting company Sportpesa announced that they had a winner for their Kshs 221 million jackpot. With great pomp and color, Samuel Abisai, the winner was unveiled this morning. Winner of Sportpesa Jackpot As expected, social media has been abuzz with the things one would do if they won that...

Last week, the dilemma above crossed my Twitter timeline. The gentleman is disillusioned about his wife of 3 years, after finding out that she took all their savings (mostly his) and used them to pay off her student debt without informing him. From the post, he had been saving for some time to buy a house.  I want to...

After months of waiting, Treasury has finally launched M-Akiba, a simple way to buy government bonds using mobile money. This is fantastic news especially for those of us who: Are millennials with no inclination for bureaucracy.  The traditional process of buying government instruments involves a lengthy and tiring...

Most people know M-Shwari for that quick loan when you are in a fix, but did you know that M-Shwari is also a savings account? How M-Shwari Savings Account Works M-Shwari similar to a bank savings account linked to your M-Pesa wallet. A good way of envisioning this is to think of your bank current account (that you...

A friend recently wrote to me to ask me for advice on whether he should buy a house off-plan, with the intention of selling it once the development is complete. With his permission, I publish the advice I gave to him below.  Off-plan house sales (also called pre-sales) are where the developing company sells some units...

The brochure is very compelling. It tells you that whatever your financial goal, an “insurance-investment” plan can help you accomplish it from as little as KShs 2,500 per month. This is a brochure for a typical insurance savings plan, whether it is for education, or general savings. They state that the insurance plan...