The 50 30 20 budget rule is a simple and straight forward budgeting guideline that helps individuals manage their finances by dividing their after-tax income into three main categories: needs, wants, and savings/debt repayment. This rule was popularized by Senator Elizabeth Warren in her book “All Your Worth: The Ultimate Lifetime Money Plan.” Here’s a…
Creating a simple budget for beginners involves a few basic steps to help manage income and expenses effectively. Here’s a straightforward guide: Steps to Create a Simple Budget: Example of a Simple Monthly Budget: Income: Expenses: Total Expenses: $2,800 Remaining Income: $700 Tips for Success: By following these steps and staying disciplined, beginners can create…
It is essential for business people and all people to know about a budget is a financial plan that outlines expected income and expenses over a specific period, such as a month, quarter, or year. It helps individuals, businesses, and governments manage their finances by providing a framework for tracking revenue, controlling spending, and allocating…
Key Factors to Consider Before Investing in a Hotel in Kenya Investing in a hotel in Kenya can be a profitable venture, given the country’s growing tourism sector. However, careful consideration of various factors is crucial to ensure a successful investment. Here are five key factors to consider: By carefully evaluating these factors, you can…
Everyone needs to know How To Get Out Of Debt When You Are Broke can feel overwhelming, but with a focused strategy and disciplined approach, it is possible to regain financial stability. Here are steps to help you get out of debt even when funds are tight: 1. Assess Your Financial Situation List All Debts:…
Settling debt involves more than just making regular payments and it is important to find Ways To Settle Your Debt to focus on development. This requires a strategic and disciplined approach to effectively manage and reduce what you owe. Here is a detailed guide on how to settle debt easily: 1. Assess Your Financial Situation…
Interest is the cost of borrowing money, expressed as a percentage of the principal loan amount. Understanding the different types of interest and their implications is crucial for borrowers to make informed financial decisions. Here are the main types of interest and what they mean to a borrower: Learn more on how to manage your…
Analyzing Your Debt Situation How to analyse a debt situation is a very essential and one needs to be very careful to make the right move. Managing your debt effectively begins with a thorough analysis of your current financial situation. Here’s a step-by-step guide to help you gather and analyze your debt information and create…
Increasing your Fuliza limit from 0 to 10,000 KES involves demonstrating reliable usage and repayment behaviors, maintaining an active M-Pesa account, and leveraging other Safaricom services. Here’s a detailed guide to help you achieve this: Step-by-Step Guide to Increase Fuliza Limit 1. Register and Activate Fuliza Ensure you are registered for the Fuliza service: Learn…
Activating your MShwari loan limit and potentially increasing it involves a detailed understanding of the service, consistent financial behavior, and leveraging M-Pesa usage effectively. Here’s a comprehensive guide to help you through the process: Key Takeaways Tips to Enhance Your MShwari Loan Limit Understanding M-Shwari M-Shwari is a mobile banking service offered by Safaricom in…