Help! I’m a teacher earning Sh21,000 due to debts. I have nothing to show for my 10-year career You don’t have to fix everything overnight. The goal is to take back control, one decision at a time.
I have Sh5,000 left after loans and bills. How can I afford a Sh1m plot and house? The most effective way to achieve your goals is to first create room for savings by prioritising the repayment of your existing loans.
PRIME Why you need a wealth manager While over 60 percent of Kenya’s wealthy rely on professional fund managers to handle their investments, only about 15 percent of the middle class—including many in the diaspora—do the same.
I earn Sh51,000 net but always overspend by Sh20,000. How can I plan better? Track daily expenses and summarize them weekly and monthly to create an effective financial statement.
I spend Sh842,000 on expenses and loans monthly. How will I be able to retire in three years? Retirement savings should be sufficient to maintain and sustain a decent standard of living after retirement.
PRIME Financially woke: How Kenyans are investing today Wealth managers say young professionals, retirees, and business owners are increasingly showing a growing interest in saving and investing.
I have Sh4m in savings. Should I go study abroad or expand my business? I work as an online tutor and do data entry for a home health nurse. I have no debt.
I earn Sh49,000 net and spend Sh44,000. Should I borrow Sh500,000 to start a business? I am a 26-year-old accountant earning a net salary of Sh34,000. I also earn an additional Sh15,000 from a side hustle.
We pay rent Sh41,000, tithe Sh40,000 and have Sh900,000 savings – Is our budget okay? A financial lifestyle audit is anchored on three pillars: Calculating your net worth, tracking your money and spending with a budget.
I’m a boda rider with a new internship paying Sh20,000. How do I support my mother and son? The start of a new job in April is an ideal opportunity to build a habit of disciplined saving.
Can I plan for parenting without sacrificing my retirement goals? Saving for your retirement will also ensure that you do not use your children as a retirement plan for your future.
Help! I’m 30 with six years of work but no assets You need to track where your money is going by analysing your expenditure throughout the month.
Help! I’m a family man, 29, with net pay of Sh32,000 but stuck in debt Reduce your spending by reviewing your budget every month and finding areas to cut back.
Who pays the piper? How third-party funding could transform arbitration in Kenya Given the rising costs associated with initiating and sustaining arbitration proceedings, there's a growing argument that Kenya is ready to recognise third-party funding.
PRIME Youth rewriting wealth creation script with bonds Just two years ago, opening a Central Depository System (CDS) account to invest in government securities was a daunting task.
Dynamics in investing: Pitfalls to avoid when exploring investment opportunities Investing is a noble idea; it can even get better when you do proper background checks.
I earn Sh83,000 but have Sh1,000 left. How do I renovate my parents’ home and buy a car? Financial literacy is about having the knowledge, skills, and confidence to make financially responsible decisions.
Help! My husband and I took loan to buy a plot, we are now drowning in debt To free up cash for aggressive debt repayment, negotiate with your Sacco and bank to reduce your monthly instalments.
I’m moving to Nairobi for a new job; how do I budget and save on a Sh45,000 salary? To plan your money prudently, spend with a budget, track your money daily, set up a saving and investing fund, set financial goals and engage in a side hustle.
Help! I got a lorry on loan, now I can’t pay Sh146,000 monthly instalments Avoid financial strain from acquiring assets on credit and build an emergency fund for unexpected challenges.
I earn Sh150,000 monthly but save only Sh35,000. How can I afford land? 'A good budgeting tool will then enable you to manage the dance of your earnings in such a way that you can achieve some savings.'
Our chama has Sh3m. How do we raise more funds to buy Kiambu land, build maisonettes? We recently invested Sh500,000 in Ziidi Money Market Fund but we are disappointed that rates have fallen to around seven percent.
I earn Sh32,000. How can I expand my wife’s cereal business, buy pickup? How much would be ideal to borrow to expand the cereals business? Can my payslip afford it?
I’m a married nurse earning Sh45,000; I’m always broke by the 5th of every month To change your financial situation, you need to reprogramme your mindset.
I’m 50 and have lots of land. How do I reinvest for my retirement and new family? I would recommend having reliable health insurance coverage to avoid potentially costly medical bills in old age.
