BUDGETING ESSENTIALS
This type of budget prioritizes your financial goals.
What is a goal based budget.
The belief that “there’s never enough money” is called this mindset.
What is Scarcity mindset?
The thing you pay in exchange for borrowing from financial institutions.
What is interest.
This is the tool that let's you know where you are on your Financial Journey
What is the Financial Planning Ladder
This is the month that Our Money Year officially started.
What is February?
This type of budget gives every shilling a job.
What is Zero Based Budgeting.
This behaviour describes spending money to feel better emotionally.
What is emotional spending/Retail Therapy?
The company set up to provide Affordable housing loans in Kenya available through partnership with commercial banks and SACCOs
What is the Kenya Mortgage Refinance Company (KMRC)
This is the level of investing where you investment income covers your living expenses.
What is Financial Independence.
This OMY participants took us through 2 sessions under Tax.
Who is Redempter Mutua
The tool you use to track money inflows and outflows monthly.
What is an Expense Tracker.
The psychological pattern where people ignore, hide from, or delay dealing with their finances due to emotional distress, shame, or feeling overwhelmed.
What is Avoider Money Personality?
The site that provides you with information on the Total Cost of Credit across financial institutions in Kenya.
What is Cost of Credit Kenya.
This is the type of analysis you do to choose stocks for long term investing.
What is Fundamental Analysis?
This team was announced the winner of the savings challenge.
What is Masterminds?
This happens when your spending increases as your income rises.
What is lifestyle inflation
The book that answers why we handle money the way we do and how we can make better financial choices.
What is the psychology of money?
You use one loan to repay another loan. This behaviour is called this.
What is debt cycling?
This is the oldest Special Fund that we have in Kenya?
What is Mansa X Special Fund
This is the number of people we had in Mid Year Soiree?
What is 11?
Pesa Savvy does not recommend this budgeting method.
What is the 50/30/20 budgeting method.
The emotional and psychological stress from negative money experiences that disrupts your well-being.
What is Financial Trauma
This rate is the true cost of a loan.
What is APR/Annual Percentage Rate
This is considered the best type of Exchange Traded Fund to start with offshore investing when you don't know.
What is S&P 500 ETF?
This is the OMY topic that had the highest number of participants.
What is "Budget Like A Pro!"