More from @Chumz_io

Chumz.io

@Chumz_io

Oct 25, 2019

6 TIPS TO SAVING MORE MONEY

01. AUTOMATIC SAVINGS
->When you get your income, before you do anything else, save first
->You can set up a standing order with your bank or better still, a check- off system with your employer to help save automatically

02. LOOSE CHANGE
->At the end of the day, empty your purse/wallet and save coins in your Piggy bank
->When it fills up transfer funds into you savings account

03. SAVE YOUR 50's
->You can decide to save every 50 bob that passes through your hands

Read 7 tweets

Chumz.io

@Chumz_io

Oct 11, 2019

How to get out of debt

thread

1.Set up a payment plan

Acknowledge ,list & calculate all your debt then create plan on how to repay

A plan helps you prioritize debts and track your repayment progress

2.Don't create more debt

Don't borrow a loan to service or repay another existing loan
Adding more debt while paying off doesn't result to any progress

Read 7 tweets

Chumz.io

@Chumz_io

Sep 21, 2019

STEPS TO MAKING A SUCCESSFUL BUDGET

Thread

1.Calculate your expenses
Record your expenses daily,even the smallest i.e.Bank&Mpesa charges, Snacks,tips
This will give you an accurate financial picture of your expenses