Happening Now!

Join our CEO, Waithaka Gatumia for a conversation on minding your money in the new year on @ntvkenya

Tune in!

#Centonomy
#PersonalFinance
#FestiveSeason
#NewNormal
In times like this when you're trying to prioritize, you need to sit down and make a plan for your money.
When you plan, the holiday comes with a lot more enjoyment, less guilt and more joy.
Personal finance is about choice. Choice as to where you live, how much rent you pay, or which school you take your children.
Unlocking that sense of autonomy that you have choice, is what people struggle with.
Maximise on the opportunities you have where you are.
A budget is not for restriction, its for control. Its how you decide where your money goes.
The budget is an expression of what's important to you. So when you sit down to do your budget identify what's important to you.
You've got to be ready to get uncomfortable, sacrifice to actually live up to the goals that you set out to achieve.
It's the festive season but January is coming, you have to be smart about how you spend your money.
If you start taking control of your money you'll realise there's enough to save.
This is the best time to invest in learning, you only get good at things that you spend time learning.

Become well versed in the language of money. Pick up books that are going to help you or take up a course.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Centonomy Ltd.

Centonomy Ltd. Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Centonomy

9 Dec
1/ How To Create Wealth Through Your Career

When I say wealth, what I am are really describing is the lifestyle that you’d like to live.  For me, it’s a British sports car parked outside a designer house not too far from Nairobi.

THREAD...
2/ Most of us are not yet there but we’re trying to figure out how to get there as quickly as possible. From my many years interacting with people, i’ve come to realize that there are two major considerations when looking to create wealth in your career.
3/ One is increasing your current income and two is figuring out where to invest your money so that it starts working for you.
If you create value money will find you.
Read 11 tweets
3 Nov
1/ If You Care About Your Money; Act Like it

I felt a strain in my back and realized it was because I was hunched over trying to read from my notebook in the fading light. I stood up to go switch on the light and that’s when I noticed I wasn’t alone. 

THREAD...
2/ At a corner in the back, I saw the top of someone’s head peeping over the desk dividers of our open-plan office.
Eric was meticulously inspecting every company transaction from the previous month.
3/ He dotted every “i” and crossed every “t” in our accounts and expected nothing less from his colleagues.
Like Eric, most of us are careful to include every detail when dealing with our employer’s money.
Read 13 tweets
21 Oct
1/ How Much Do You Cost?

How much do you really cost? Are you in touch with the amount of money it actually takes to sustain your lifestyle?

THREAD...
2/ Well, most married people will not have the answer to this but if If you are single, you manage your expenses by yourself, they are yours to accommodate. Whether it is rent, food, transport, school fees, entertainment etc.
3/ You have a better grip on what it actually takes to sustain you than somebody who is married.
For many couples, it’s about splitting the bills. School fees, rent or the mortgage may be paid by one party while the other person handles the household bills…
Read 16 tweets
13 Oct
1/ When It’s Tough, Stretch Your Shilling!

It’s a good time to revisit the topic of budgeting given the recent increase in fuel prices.  This will not just affect our transport costs but will translate to other areas like electricity, food etc.

THREAD...
2/ We need to go back to the basics and look at our expenses so that we don’t get surprised.

How can you stretch that shilling?
a) Have a budget in the first place. 
When you don’t plan your spending in advance, you are really groping in the dark.
3/ We avoid looking at the numbers hoping something somewhere will fall into place. A budget makes you aware. If you have no idea how much you spend on things, track your expenses for a month and you will come up with a pretty good idea.
Read 17 tweets
6 Oct
1/ What Stopped You From Achieving Your Goals This Year?

We are less than three months away from the new year. Chances are that we will once again start the whole new year resolutions conversation. Are you tired of saying the same thing year in year out?

THREAD...
2/ Aspiring for change and finding yourself in the same spot? You may be feeling that you haven’t moved. Maybe before setting these goals once again we can first evaluate what has stopped us from making progress.
3/ There is really no point of planning out another journey if you know your car won’t start. Resolve the issues with the car, then you have a chance of going somewhere.
Read 18 tweets
22 Sep
1/ 5 Things To Teach Kids About Money

Do you wish you had learnt how to handle money earlier? Maybe it is our children who will not have to lament about that.  The earlier the better.

THREAD...
2/ We run financial literacy programs for kids and many parents have asked us what they can consistently do with their children at whatever age to instill the right principles.  Here are five things that can get you started.
3/ a) Let them earn it.
The mistake many parents are making is giving their children money without making them work for it. There are some children that are given the kind of money that could be somebody’s salary.
Read 18 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(