We learn to save at different points in our lives; we have those that learn and start practicing saving as young children, and those that learn to save in adulthood when they start earning. For the first group, the transition from saving an allowance to saving from a salary is often seamless and they face little difficulty in determining how much they can and should…
Read MoreWhen you Google “Fun stuff to do in Bangalore”, one of the results leads you to a website with this… This beautiful building… Yummy food… And many other exciting sights. Why am I searching for fun stuff to do in a random town in India, when I live in Nairobi, Kenya? In January this year, I decided that I was going to run the Bengaluru…
Read MoreIn the last post we asked what happens if she earns more. Today, I want to discuss the different money models married couples (could) adopt and factors to take into consideration as you pick a money model for your marriage. Why is this important? Married couples argue about many things, but the worst arguments are likely to be about money. With this in mind, you…
Read MoreThe romance and relationships landscape is changing. We have more women in graduating from universities than ever before, joining the corporate sector and going up through the ranks, and earning more than they have before. We are also marrying later in life, compared to our parents (especially mothers) who married in their early 20s. This means that as women look for a partner to settle…
Read MoreThis morning, the post below crossed my Twitter timeline… It spurred a discussion that seems to come up on my Twitter timeline every so often: home ownership and its advantages (and disadvantages). I have blogged extensively on the benefits of buying a house and mortgages, so for this post I would like to point out fallacies/untruths/exaggerations that are quoted as people explain the benefits of taking…
Read MoreThe path to financial freedom is so simple: Track expenses for at least 3 months Use the information to create a budget Automate your savings Review your budget constantly Invest in areas where you will earn a reasonable return Avoid unnecessary debt. Anyone should be able to do that. Why is it that very few people are able to do it consistently? Why do we resolve to…
Read MoreAbout 2 years 3 months back, my LO (Little One) came home. As any first time mom, I took the little time I had reading up on how to care for a child. I browsed as many parenting blogs, forums, websites and Facebook groups as I could, I bought and pored through many books covering parenting a baby,I spoke to as many moms as I…
Read MoreLast week we talked about the most common reasons why budgets fail, and two of the failure points tend to occur at the beginning of the budgeting process; when we create budgets that are not a reflection of our values, or when our budgets are based on our imaginary selves not the real us, they are bound to fail. This guide ensures you do not fail…
Read MoreA lot of people get frustrated with budgeting because it never seems to work. Either they fail to reach their earning targets or spend too much. Emergencies check in and break the budget, or sometimes budgeting just seems like too much work with very little benefit. It is easier to just spend money as you get it and hope things will be ok. I’ll be…
Read MoreAttending a personal finance seminar can be very exciting and enlightening. Most seminars these days have a couple of financially succesful speakers who have done great things with their lives and have a significant amount of wealth. These people are said to have “made it”, and we attend these seminars to hear their secrets to wealth or financial independence. These seminars are very exciting because they…
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