Don’t spend more than 1/3 of your gross monthly income on house costs( Rent). For instance , if you earn a gross of KES 30,000 in a month, spend KES 10,000 or less on your rent. The rest should be directed to consumption spending and saving. The 30% rule was first established by the ...
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Over the past few years Kenya has been faced with huge budget deficits forcing public debt to escalate. Kenya’s public debt is at a crippling Ksh 7.1 trillion now and expected to hit a ceiling of Ksh 10 trillion by the end of financial year 2023/2024. This is according to the public ...
Factoring out the effects of covid-19 pandemic ,unemployment is still a serious issue in many African countries. This is usually attributed to the poor governance by bureaucracies and the government. Forgetting that the role of the government is to provide a conducive environment for the creation ...
We all want to get the most out of our money. The only way this desire can manifest is by adopting the correct decision patterns in our financial life. I’m doing a piece on this and would like to get your opinion. Collecting information on the likelihood of Kenyan consumers to s ...
At the onset of Covid 19, most African governments rushed into partial closing of the economy. For instance Kenya imposing dusk to dawn curfew , closing schools, bars and restaurants, restricting travelling into and out of cities mostly affected and so on. This has affected the economy so bad ...
Rich nations worldwide have set up massive economic stimulus packages that include things like unemployment benefits to those affected. With limited fiscal space African governments have opted for other measures to combat the pandemic, For instance Kenya issuing tax cuts, setting up emerg ...