By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Youth Village KenyaYouth Village KenyaYouth Village Kenya
  • Home
  • Education
  • Employment
  • Entertainment
    • Celebrity News
    • Celebrity Interviews
    • Sports
    • Fashion
    • Politics
    • Tech
  • Opportunities
  • Health
  • Contact Us
Search
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: 4 Money Mistake Kenyans In Their Twenties Are Making As They Try To Manage Their Peanuts
Share
Sign In
Notification Show More
Font ResizerAa
Youth Village KenyaYouth Village Kenya
Font ResizerAa
Search
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Youth Village Kenya > Blog > Business > 4 Money Mistake Kenyans In Their Twenties Are Making As They Try To Manage Their Peanuts
Business

4 Money Mistake Kenyans In Their Twenties Are Making As They Try To Manage Their Peanuts

Editor
Last updated: 2016/04/14 at 8:44 AM
Editor
Share
3 Min Read
SHARE

Being in your twenties is a stage where people spend most of their time learning to manoeuvre along the adult life lanes. This is the age that you are in between your final years of college and fresh into the career world.

colleagues-437019_1280

Several tough choices in most cases have to be made. Just a few years to attain the prime age of 30, this is a time of learning and growing as an individual but it is also a stage where we are in a potential risk of making the worst mistakes that can cost the rest of our lives.

Financial advice and strategies should be a priority for everyone in their 20s. Most of the mistakes made under this sector occur when we try to find ways to manage and handle the peanuts in our accounts. Some of the major money mistakes you may fall victim to include:

  1. THROWING AWAY YOUR RECEIPTS.

Getting rid of your receipts immediately you step out of the supermarket is a habit that has affected most young people. I know you may be wondering why you should keep pieces of papers that would just litter the house. Well that piece of paper my friend is evidence of your spending habits. Receipts are the easiest way to keep track of our expenditures. Take advantage of the fact that supermarkets these days have everything and save up your receipts to know how much you are spending.

  1. SPENDING BEFORE YOU SAVE

“Let me have fun, this is my hard earned money”, this is a statement that most of us abide to. You resort to spending on unnecessary luxuries rather than save. Make a habit of putting aside a few coins from your earnings before spending it on anything. At the end of the year you will have a decent amount of savings.

  1. BUDGETING IS TOO OLD FOR ME

What budget are you working with? Get your pen and paper and jot down a rough estimate of your monthly expenses. Going through the ups and downs of life always seems better than rushing in clueless. Create a budget and try to stick to it. Your receipts will help you know how to budget for the next few months or even the entire year.

  1. IMPULSE BUYING

Ladies fall victim to this more than their male counterparts because we women love our shopping, don’t we? This pattern has a tendency of throwing our finances off balance and suddenly one realises it is mid-month and all your cash is drained out. Regulate your impulse buying habits and you will be fine.

We all make mistakes and we learn but most importantly we grow as individuals as we sail through our 20s.

 

You Might Also Like

Build a Powerful Online Presence with Paid Article Placement in Kenya

Corporate Governance Scores Drop Among Kenyan Companies, Says CMA 2023/2024 Report

Botswana Businesses Relaunches as the Premier Resource for Entrepreneurs and Business Leaders

10 Things You Should Know About Tom Gitogo

10 Things You Should Know About Peter Ndegwa

TAGGED: money matters, Youth

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Editor April 14, 2016 April 14, 2016
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Job Alert- Paid Internship for Kenyan Students
Next Article Oliech Hangs His Boots Amid Debauched Limelight
- Advertisement -

Latest News

Blogger Njambi Fever Welcomes Baby Girl Weeks After Civil Wedding
Life Style May 29, 2025
Karen Nyamu Jokes About Wanting a Baby with Every Man She Dates in Candid Chat with American Woman
Entertainment May 29, 2025
Kenyan Celebrities Stun at Juma Jux and Priscilla Ojo’s Glamorous Wedding in Tanzania
Entertainment May 29, 2025
Earl Karanja: From Nairobi Streets to the Pinnacle of Global Automotive Journalism
Entertainment May 29, 2025
Gospel Singer Size 8 Visits Lang’ata Women’s Prison with Softcare Kenya, Donates Essentials to Inmates
Celebrity News May 29, 2025
Mulamwah Upgrades to Mercedes-Benz S550 Using Wedding Savings: “Mambo Haikuenda Poa”
Entertainment May 28, 2025
Karangu Muraya Wows Fans with Modern Chicken Farm Featuring High-Tech Cages and Trays of Fresh Eggs
Celebrity News May 28, 2025
Elsa Majimbo Surprises Fans with Vintage Humpback TV Loaded with Over 200 Movies
Entertainment May 28, 2025
- Advertisement -
Follow US
© 2023 Youth Village Kenya By Nine80 Digital Media
Welcome Back!

Sign in to your account

Lost your password?