Effective money management is crucial for personal financial well-being and wealth building.Excel has an extensive library of features and formula functions. Therefore, it comes in handy as a powerful spreadsheet tool that can help you in your financial journey. It simplifies and manages the budget-making process by tracking spending, savings, and even planning for investments. […]
Financial Advice for Managing Money;Your Ultimate Guide Financial advice is guidance offered by a professional to help businesses and even individuals make well informed decisions about money management. There is need to manage money well to boost well being since its a constant companion in our everyday life. Financial advice therefore helps you navigate the
What is financial literacy? Financial literacy refers to an individual’s knowledge and understanding of essential financial concepts and how effectively they are applied in their money management.Understanding the risks and rewards involved in investments, venturing into new opportunities, and making necessary adjustments that align with your financial goals therefore justifies the importance of financial literacy.
Digital payments, also known as e-payments, refer to the transfer of money from a payer’s account to a payee’s account electronically. Digital payments range from a digital wallet that contains digital cards (credit cards, debit cards, and pre-paid cards) to mobile payment apps like M-Pesa and cryptocurrencies. A digital wallet, also known as an e-wallet,
What are Savings Savings is that money that you set a side for your future use.Savings can be a portion of your current income or a flow of resources accumulated in investing those savings over a certain period of time. Nowadays with technology,its easy to open and operate your high yield savings account wherever you
A budget is simply an estimate of how much you make, i.e., income, and how much you will be spending over a set period of time. Your period length can be a month or a year, but remember, you have to re-evaluate it regularly. The basic principles of a budget therefore offer a guide on