commonly known as an FD account, is a type of savings account offered by banks and financial institutions. In a fixed deposit account, customers deposit a certain sum of money for a specified period, at a fixed interest rate.
Saving
 I have a secret that will get you out of the impending jam and since I care about you, I’ll let you into it. OK, listen (or read) carefully. To avoid all the hassle that comes with January shopping, buy your school supplies now
But like most humans, advice follows the path of least resistance going from one ear to the other without having any interaction at all with the brain. Careful spending is thrown out of the window as we let wastefulness in, not knowing that we’re reducing the quality of our lives.
As the year winds down, many of us look forward to the joyous holiday season. However, it can also be a financially demanding time. To make the most of your holiday without draining your bank account, it’s important to plan and save ahead. In this article, we will explore practical tips on how to save
Living in Kenya has become an expensive affair, especially with the rising costs of housing, transportation, and food. In 2023, it is expected that the cost of living will continue to increase. However, with the help of HelaPesa, you can navigate these rising costs and manage your finances effectively. The cost of living index in
Investing vs. Saving: Which one can help you achieve your financial freedom? In today’s fast-paced world, financial stability is a top priority for many individuals. When it comes to managing our money, two key strategies often come to mind: investing and saving. Both methods aim to grow our wealth and secure our financial future, but
According to a survey conducted by the Kenya National Bureau of Statistics, more than 80% of Kenya’s adult population uses mobile money providers, and digital loan services have become an increasingly important avenue for people to access credit, as many are unable to obtain loans from traditional providers such as banks. So, why do Kenyans
When your relatives or friends are struggling financially, lending money to them can be a kind gesture. However, it can become troublesome if your efforts to assist result in conflicts or you encounter financial problems as a result. Truth is, we have all found ourselves in a situation where we could not say ‘no’ to
One of the biggest roadblocks to financial stability is high levels of debt. To reduce your debt, you’ll need to focus on paying off high-interest loans first, such as credit card debt.
living paycheck to paycheck can make it difficult to build financial security and prepare for the future and can create stress and financial instability.
Saving culture in personal finance is the practice of setting aside a portion of one’s income for future financial needs and goals. It is an important aspect of managing personal finances and it is encouraged in many cultures to develop a sense of financial stability and security.
Setting clear and measurable goals is crucial for creating an aggressive saving plan. This means identifying specific, time-bound, and realistic goals
Are you tired of watching your hard-earned money slip through your fingers each month? Then I think it’s time to take control of your finances and start saving. I understand that saving money can be challenging, but it is an essential skill to have to secure your financial future. This is especially so if you
Wasteful spending can be a major drain on your finances, leaving you with less money to save or spend on things that truly matter. It’s easy to rationalize unnecessary purchases, telling ourselves that we deserve to treat ourselves or that we need a certain item to be happy. However, this kind of thinking can quickly
Skills You Need talks of personal finance as involving being aware of your position financially and then undertaking steps to ensure that you have meaningful outcomes that you can be proud of in the end.
The basis of the principle is simply that 80% of results come from 20% of input.
Saving fuel has never been this easy, but many people never bother. As a distinguished member of the Amateur Mechanics Association of Kenya, I bring you a special message from the automotive gods. Change or clean your filter regularly and you will save a lot of fuel.
