personal finance
The ABCs of personal finance and investing; how to invest wisely and grow your wealth.
Just How Catastrophic Is Digital Lending in Kenya?
Digital lending is on the uptake across the world and Kenya hasn’t been left behind. This trend is fueled partly by the country’s harsh economic environment and partly by the upsurge of smartphone adoption among the youths. Of course, this has made it easier and more convenient for borrowers to access loans, either for their household needs such as rent and food or for working capital for their SMEs.
By Robert Gitau6 years ago in Trader
Unusual Loan Practices You May Not Know
When you're in need of some cash up front and quickly, you need to consider the different loan types available to you. There is a lot you could do to get the funding you need with perfect terms and conditions that you can live with, but there are other types of loans that many people find unconventional.
By Veselina Dzhingarova6 years ago in Trader
Types of Loans Available for Lenders with Bad Credit
To provide for our needs, we need to be financially stable. Physiological needs, such as food, water, and shelter can be provided if we are financially capable. Financial stability can also provide for our emergency expenses, especially in times of calamities or sudden health problems.
By Kelly Jensen6 years ago in Trader
Benefits of Having a Good Credit Score
In today's world, good credit is used for more than just getting a credit card or loan. Lately, many businesses have become reluctant about offering products and services to those with bad credit. Here are five reasons why having good credit is important in 2019.
By Kari Oakley6 years ago in Trader
My Personal Finances Are a Result of My Own Vanity
Recently, I've had mechanical issues with my car, and the cost of fixing it has become astronomical! I then started to debate whether I should buy a new car or get the car fixed. My insurance cost would stay low if I stuck with my current car, but will it break again? It took me eight years for my car insurance to gradually get this low, am I going to start from scratch again with another car? Then I realized, why do I need such a fancy car? I don't need all the bells and whistles, it just needs to go from point "A" to point "B." If this was truly the case, why don't I buy a super cheap economical car and save on insurance as well? Then it dawned on me, I spend more than I really know because of my own vanity. Some of those economical cars are pretty ugly, and I couldn't be caught dead in them. Is my economic well-being worth sacrificing to fit a certain lifestyle? The money I spend on my car could be spent for a better life.
By Brian Anonymous6 years ago in Trader
Becoming a Lender
Pretty much everyone has that friend or family member who is always asking to borrow money (or maybe YOU are that friend or family member). Maybe it feels nice to be recognized as doing well enough for yourself that you can spare some cash and borrow it to someone else—I mean, people have to think that you are doing well financially in order to ask for money. And maybe you like helping people who need it! You have probably considered the risks, and what could happen if you borrow someone money. Loaning money to others can be cause tension in relationships, but it can also be very beneficial in certain situations if it is executed correctly.
By Isaiah Goodman6 years ago in Trader
