17/04/2025
Getting Money Is One Thingโฆ
But Knowing How to Manage It? Thatโs the Real Power.
Getting Money is Easyโฆ Keeping It? Thatโs Where the Game Is.
You donโt need millions to grow wealthy โ you need discipline, direction, and a plan.
Here are 11 no-nonsense money management tips to help you stop going broke even when you're earning:
1. Pay Yourself First
Before you touch that paycheck, save at least 10%. Your future self will thank you.
2. Track Every Shilling
Know where your money is going. Budget apps or a simple notebook can expose your silent money leaks.
3. Cut Emotional Spending
Buying things just to โfeel goodโ will leave your account feeling empty. Control the impulse.
4. Live Below Your Means
Just because you can afford it doesnโt mean you should. Peace of mind > flexing.
5. Build an Emergency Fund
Start with KSh 10,000. Life happens โ donโt let one crisis wipe you out.
6. Set Money Goals
Saving for nothing leads to spending on everything. Save with purpose: land, car, business, etc.
7. Invest Wisely
Donโt let your money sleep in the bank forever. Learn to invest โ even if itโs small. It grows.
8. Avoid Bad Debt
Borrowing for lifestyle, not investment, is a trap. Know the difference.
9. Set Clear Financial Goals
Saving without a goal is boring. Whether itโs a business, plot, or trip โ give your money a mission.
10. Learn About Money
Read books, watch YouTube, follow finance creators. Money grows when knowledge does.
11. Invest Consistently
Donโt wait for millions. Start small โ money working for you beats money just sitting.
Want to take charge of your financial journey? Iโm here to help!
Gretchen May Villoso
Financial Wealth Planner | Budgeting Strategist
Call/Viber: +639270638038
Email: gretchenvilloso.fwd@gmail.com
