It is hard to keep your sanity in the midst of crisis but it all starts with an honest evaluation of your current mental state. The last couple of months have felt rather uncertain and daunting. What we thought would be our comfort zone is slowly feeling like a strange encroachment of the unknown. New year goals and vision boards did not prepare us for anything like this, not even the movies inspired such a reality. As human beings, our […]
Many financial advisors encourage you to save up to 3-12 months of your salary equivalent but this differs from one person to another based on your income level, daily expenditure or expenses and financial planning method. The COVID-19 pandemic will without a doubt change the way we look at certain things in our lives and one of those is the emergency fund. The battle of survival during this tough times will inform and motivate our financial decisions even after the […]
Our mobile banking platform Hela 247, should definitely be on your list of reliable mobile banking platforms. If you haven’t tried the app yet, it is available on play store or the USSD equivalent by dialling *871# The COVID-19 pandemic is changing a lot of what we were used to and now there is the reality of a ‘new normal’. We as Century Microfinance Bank, understand that it is both a trying time as well as frustrating but we shall […]
The COVID-19 pandemic has in the recent past shaken up some of the economies of developed countries. You may struggle with productivity especially if you are working from home or facing a potential salary decrease or a lay-off. Despite the feeling of uncertainty, you can still take action. Create a budget Now is an excellent time to take a close look at your spending because money may be tight going forward, so saving wherever possible will only help you in […]
Small businesses will be subjected to a double-edged sword starting January 1st 2020, as a myriad tax measures take effect. Coming from a tough year in which most micro, small and medium-sized enterprises (MSMEs) have grappled with cash flow problems, some of the small businesses will see their January blues get worse.Small businesses that make sales of less than Sh5 million annually will be slapped with a turnover tax of three per cent on their revenues, as the Government moves […]
1. How do you access if your mobile phone is not Internet enabled? You can access the service by dialling *871# on Safaricom & Airtel and Telkom lines. 2. What is the Hela247 App? Hela247 is a smart phone app that requires Android for FREE access to mobile banking and services on the go. Start Digital Banking seamlessly from everywhere. The app is available for download at the Play store and supported on Android 4.4 and above. 3. Why should […]
Let’s admit that Christmas is AWESOME, but DANGEROUS. Saving money at Christmas just goes out the window, doesn’t it? I don’t think there’s another time of year where it’s just so easy to completely blow your budget without even thinking about it. Everywhere you look at Christmas there is money to be spent. But how can you save money this Christmas without feeling like you’re missing out? 1. Set a budget After evaluating your financial situation, set a budget for […]
Whether a redundancy, “mutual decision” or (goodness forbid) you get sacked, it’s demoralising, scary and incredibly stressful. So how do you even start to rebuild your self-esteem and career? It’s time to dust yourself off, get your act together and get back in the game And that’s where these ten tips come into play. They come in four categories: Self-Care The Basics Strategy Execution A. Self-Care 1. Give yourself permission to grieve It can feel traumatic when you lose (or […]
Small business owners tend to be in a perpetual cycle of doing well, then slow business and back to doing well. Have you ever looked at your books and realized you’ve gone almost a whole month without business? Well, you can either stress about it or focus on these 10 positive things when business is down. 1. Understand the cycle of your business. First things first, you must understand the annual cycle of your business. Take time to review your […]
Do you spend sleepless nights worrying about your business debt? If you do, then you’re not alone. Small business owners find it extremely difficult to manage their current debt. The fact is, handling debt can be one of the most difficult challenges a small business owner can face. Fortunately, there are ways to avert this type of financial challenge. Here are a few helpful tips to control your debt before it controls you. 1. Do your homework before taking a […]