Salaries and Remuneration Commission (SRC)
The Salaries and Remuneration Commission (SRC) is an independent constitutional commission established under Article 230 of the Constitution of Kenya, […]
Service Gratuity
Definition and Overview Service Gratuity is a lump sum payment made to an employee upon the termination of their employment,
Pay As You Earn (PAYE)
Pay As You Earn (PAYE) is a method of income tax collection in which an employer deducts tax from an
how to pay salary advance loan
Navigating through the process of paying for a salary advance loan can be straightforward if you’re equipped with the right
A Scale of Salary
A scale of salary, often referred to as a salary scale or pay scale, is a structured system that determines
Gross salary
Gross salary refers to the total amount of money an employee earns before any deductions are made. It includes basic
Current Salary
Current salary refers to the amount of money an employee is currently earning in their present job. It is typically
Pay As You Earn (PAYE) in Kenya
Pay As You Earn (PAYE) is a method of tax collection on income earned by employees in Kenya. Administered by
Basic Salary vs. Allowances: Understanding the Differences and Implications
In the realm of employment compensation, understanding the distinction between basic salary and allowances is crucial for both employers and
Understanding Gross Salary in Kenya
Gross salary is a critical concept in the realm of employment compensation, representing the total income earned by an employee
Understanding How to Calculate Tax Payable on Taxable Salary in Kenya
Taxation is a fundamental aspect of any economy, serving as a primary source of government revenue. In Kenya, understanding how
Understanding Net Salary in Kenya
Net salary is a critical concept in the world of employment compensation, representing the actual take-home pay that an employee
The Integrated Payroll and Personnel Database (IPPD)
The Integrated Payroll and Personnel Database (IPPD) is a system used by the Kenyan government to manage payroll and human
The Government Human Resource Information System (GHRIS)
The Government Human Resource Information System (GHRIS) in Kenya is an online platform designed to streamline and manage human resource
Steps to Obtain a P9 Form from GHRIS
A P9 form in Kenya is a tax document provided to employees, detailing their earnings and the taxes deducted within
Civil Servant Payslip
A civil servant payslip in Kenya typically includes various details that provide a comprehensive breakdown of the employee’s earnings, deductions,
Introduction to Interest Rates and Their Importance in the Economy
Interest rates are pivotal to the economic landscape, serving as the price of money and a key determinant of borrowing
Race to Financial Freedom: 9 Habits to Get You There
Achieving financial freedom is a journey that requires discipline, commitment, and smart financial habits. Here are nine habits to help
6 reasons why you should hire a professional financial planner
Navigating the complexities of personal finance can be daunting, particularly as financial landscapes evolve and individuals face increasingly diverse investment
7 things you need to know about Fixed Deposit Accounts in Kenya
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.
Investment Opportunities in Kenyan market
In Kenya, there are several investment vehicles that you can consider to grow your wealth. Here are some popular options:
5 indicators you are deep in debt
Being in constant debt poses a multifaceted challenge that extends beyond financial strain, impacting emotional well-being, and future prospects. High-interest
How to fuliza mpesa loan
Fuliza M-Pesa loan is a continuous overdraft service offered by Safaricom, in collaboration with the Commercial Bank of Africa (CBA).
5 ways to increase M-shwari loan limit from zero
M-Shwari, a revolutionary mobile banking service in Kenya, offers convenient access to loans and savings through your M-Pesa account. But how does it determine your loan limit?
3 types of M-Kopa cash loans and How to Get each one of them
In the ever-evolving landscape of financial services, M-Kopa cash loan stands out as a beacon of empowerment for millions across
Why your loan repayment plan should be a priority in 2024
In a world dominated by debt, prioritizing loan repayments is crucial. It alleviates financial stress by boosting credit scores and enabling personal and professional growth. Managing loan payments efficiently helps achieve long-term goals like home ownership, entrepreneurship, and comfortable retirement. Additionally, a thorough repayment plan battles interest rates, prevents late fees, and fortifies against economic downturns, securing a stable financial future and empowering you as the ultimate financial superhero.
Elevating the Classroom Experience with Canva: A Guide for TSC Teachers
In today’s digitally-driven educational landscape, the fusion of technology and teaching has become indispensable. Canva, renowned for its design prowess,
The Benefits of Taking a Payday Loan When You Need Cash for Your Business
In the dynamic and often unpredictable world of business, having access to quick and reliable sources of cash is crucial for maintaining operations and seizing opportunities. One financial tool that has gained both popularity and controversy is the payday loan.
Types of check-off loans
In Kenya, check-off loans are a type of loan provided by an employer to an employee, with the loan payments
The Good, the Crazy, and the Weird of lending to family and friends
This informality is sometimes necessitated by the idea that lending folks we know, is better for reasons known only to psychology and Advanced Economics. At other times, though, ni kwa sababu wako CRB and thus banks, for a lack of a better word, hate them
4 ways you can waste your salary and how you can stop it
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.
Buying school supplies Now will be the best decision you’ll ever make. Here’s why
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
Simple ways to avoid defaulting on your loan
When a lender gives you a line of credit, they also have a set of checklist to see that you are not likely to default on your loan. It’s a system designed to warn the lender early on so that they can take the necessary steps to ensure they don’t lose their repayments
Declined Loan Application? What you should know and what to do about it
Have you tried to apply for a line of credit and it was denied by your lender? Sometimes it’s not always obvious what you did wrong for your credit to be declined.
How to become financially stable in 7 proven steps
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.
Debt Management
Debt management in Kenya refers to the strategies and practices used by individuals, businesses, and government agencies to manage and reduce their debt
Dealing with a Loan Default
A loan default occurs when a borrower fails to repay a loan according to the terms agreed upon in the loan agreement.
Loan Collateralization
what is a collateralized loan? Usually, when applying for a loan you personally guarantee its repayment in full. This includes
Bank Alternatives for Small Enterprises in Kenya
These alternatives have been designed to cater to the specific needs of small enterprises and have been instrumental in providing financial services to low-income populations and small enterprises in Kenya
Five Financial Apps you should use to increase your savings
Digit is a savings app that automatically saves small amounts of money from your checking account into a savings account.
How to beat the recession
with the current economic headwinds in Kenya, a recession is inevitable. A recession is a period of economic decline characterized
Tips to stop living payslip to payslip
living paycheck to paycheck can make it difficult to build financial security and prepare for the future and can create stress and financial instability.
Helapesa Recommendation: Stay Safe While Banking Online
Online banking has become an essential part of our lives, providing us with the convenience of managing our finances from the comfort of our own homes. However, with the growing popularity of online banking come increased security risks. As a result, it is crucial that we take the necessary steps to stay safe while banking online
SECURED LOANS
Kenya’s finance sector offers a lot of loan products. Secured loans are those that have collateral—an asset the debtor promises
What you should know about Identity theft in Kenya
Phishing scams are one of the most common ways that identity theft occurs. Criminals send emails or messages that appear to be from a legitimate source, such as a bank or government agency, asking for sensitive information such as passwords or credit card numbers.
Helapesa Recommendation: Create a Saving culture from your pay slip
Creating a saving culture from one’s pay slip is essential for achieving financial stability and security. A saving culture is
Why you need to start on your long-term saving today
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.
Helapesa Survival Guide: How to raise your CRB status in 6 Months
It is an organization that maintains a database of credit information on individuals and businesses. The information includes credit history, loan repayment history, and other details that may be relevant to a lender when assessing a loan application.
How to be smart about spending for the next six month
Breaking bad spending habits is also an important step in being smart about spending. Bad spending habits can include things like impulse buying, overspending on non-essential items or not shopping around for the best deals.
Hela Pesa Survival Guide: How to create an aggressive saving plan and sticking to it
Setting clear and measurable goals is crucial for creating an aggressive saving plan. This means identifying specific, time-bound, and realistic goals