Who wouldn’t want t finish 2019 Kshs. 137,800 richer? If you’re not familiar with the 52 week challenge, here’s how it works: you start by saving just 100 bob the first week of the challenge. Simply deposit it in your account without a second thought. The next week, put away 200 bob, and the next, 300 bob… you get the idea. By the end of the challenge, you are saving more than 5,000 shillings a week, bringing your total amount […]
International Women’s Day (IWD) is celebrated annually on March 8. The day has occurred for well over a century, with the first IWD gathering in 1911. The day is not country, group or organization specific – and belongs to all groups collectively everywhere. Gloria Steinem, world-renowned feminist, journalist and activist once explained “The story of women’s struggle for equality belongs to no single feminist nor to any one organization but to the collective efforts of all who care about human […]
The list of things to do before 40 has changed a lot over time. Some want to go skydiving, others want to travel the world and a few get a motorcycle. However, there is one thing that will not change and is non negotiable: you can no longer be financially ignorant once you reach 40. 1. The 3 basics Make sure you have no large debts. The next step is ensuring you maintain an emergency fund with enough money to […]
When it comes to finances and emergencies the best thing you can do for yourself is to be prepared. As you make goals, you should include contingency plans and always maintain an emergency fund. When life’s twists and turns arrive, you will be better able to enjoy the ride rather than fear the consequences. 1. Job Loss – the financial emergency we often encounter first From our first fast food working days to the jobs we plan to continue throughout […]
Whether you are career-oriented or business-oriented, the truth is that we are all brands. Developing a personal brand differentiates you from your competition because it changes the way you’re perceived. A strong personal brand is the foundation for a successful career and also goes a long way in helping entrepreneurs get business. It helps to communicate a unique identity and clear value to potential employers or clients. So, how do you go about building your personal brand? Here are a […]
What’s the best way to “find” money to save? There is no ONE right answer. But, what seems to work for most people is having small but constant savings spread throughout the year. The most popular option to achieve this goal is the 52 week saving challenge where modest increments of just 100 bob add up to a lot by December. With Century, you have two options to take on the 52 week saving challenge. You can do the standard […]
Your mindset about money will undoubtedly affect the course of your financial life. Changing the way you think about money and finances can change how wealthy (or not) you could be. Learning to be financial-savvy can take a while, but the basics are fairly simple and never change. The best place to start is at the Golden rules of personal finance: 1. Spend less money than your earn. If you earn Kshs. 50,000/month and you spend Kshs. 60,000/month, you’ll end […]
This an incremental savings plan that will help you save money throughout the year, help you develop a saving culture and also give you high interest returns on your money. The aim is to reach the achievable amount of Kshs. 137,800 by spreading it throughout the year. This makes it easier for you as the saving amount increases gradually. The Summary Starting week 1 of 2019, deposit your savings to your Century Account starting with Kshs. 100, then Kshs. 200 […]
With the new year round the corner, many of us have committed ourselves to changing the way we live for the better. Some of the most important things people focus on, especially in the new year, are personal finance, saving, and investing. Achieving financial independence is an admirable goal, but very few people know where to start. If you’re starting to take steps towards financial freedom this year, here are seven tips you should follow to set financial goals for […]