Ever wondered what your money personality is? This short quiz adapted from Ask The Money Coach by Lynette Khalfani-Cox might give you a rough idea. Like all quizzes it is not scientific, and we tend to have a combination of traits, but it gives a pretty good indication of our thoughts around money. Take a piece of paper and answer the questions below. Try not…
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Have you joined the #52WeekChallenge powered by M-Shwari? To join, set up an M-Shwari Lock Savings Account, start saving and you just might get a cash reward. As I post this, we are kicking off Week 4 of the #52WeekChallenge, use the MoneyBox App (for Android) to calculate how much you are supposed to save on a weekly basis and start today! If you do…
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For the last couple of weeks of the #52WeekChallenge 2019, I have fielded questions on this blog, email, and on Twitter on the best place to save the money. A couple of people asked me if they should send me the money. As much as I love the extra cash, I am not the best person to keep your money for you because you are…
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When you get your first job or your first source of income, it is easy to postpone saving and investing as the stuff you will start working on once your income increases. This is because it is widely accepted that with age, our earning ability will increase – and this is often true. However, when you postpone the start of your saving and investing journey,…
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For the last three years, we have been running the #52WeekChallenge, and it has been so fulfilling to see people set goals at the beginning of the year, and work through them till the last week of December. This year promises to be the biggest #52WeekChallenge edition of them all, and I would like to invite you to join us. The #52WeekChallenge is a progressive…
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It’s that time of the year! Whether you are the kind of person that makes resolutions or not, the new year always feels like life is giving us a clean slate to start afresh doesn’t it? On this blog, we love a new year. Setting virtuous goals at the beginning of the year can be quite effective. According to recent research, since the first day…
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The other day, I happened to catch prime time news on one of our leading TV stations, something I had not done for a while. What surprised me was not the usual bad news (that is expected), but the sheer amount of adverts that were running. News content must have been less than 30%, because every couple of minutes, they would take a break, then…
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This post needs no introduction because we are all familiar with the “I have nothing to wear” syndrome. This syndrome strikes as you are exiting the shower in the morning, and are trying to make a decision on what to wear for the day. From experience, it is more likely to strike on Wednesday or Thursday, in line with the build-up of work-week fatigue. I…
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This post is the third of a four-post series about tracking our expenses, courtesy of the #MaishaNiMPesaTu promotion. Read the introduction to the series, where I make a big confession, and the second post sharing my reflections after a week of closely tracking my expenses here. There is no doubt that tracking your expenses is one of the most important tenets of good personal financial…
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Whenever I speak publicly about personal finance as I did recently at the Sanlam Annual Conference, people approach me thereafter and praise both the talk and my apparently great money management skills: “Wow! You must be great at saving money” “Are you trained in finance?” I am “This is why you are great at personal finance!” Here is the surprise though. I am not great…
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