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Finnacle Consulting

@FinnacleKe

A financial literacy platform providing African youth with investment education, personal finance management training, and mentorship #finnacleke

 Nairobi, Kenya
linktr.ee/finnacleke
Joined December 2021
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  • Followers4.4K
Wishing you and your family a #MerryChristmas 🎄🥳🎊 May the warmth of the season wrap you in love & may the coming year unfold with moments of happiness and fulfillment🤗 Here's to a beautiful journey ahead, surrounded by the love of family and God's grace🌟 #HappyHolidays
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Money Market Fund (MMF) yields are on the rise due to the continued rise in returns from government securities. Currently, the average rate for the published MMFs (on Business Daily) is 12.48% What return are you getting from your MMF?  Does it reflect the published performance?
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🔅We are within the 15-17% returns range on Treasury Bonds with latest bonds issues registering a return of 16.844% and 16.972%.
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🎯The effects of the high CBK continue to be felt as higher cost of loans for individuals continue to bite. Banks have been raising their loan interest rates to reflect the current CBK rate.
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👉Liquidity reduced in the money markets, increasing the interbank rate from 11.97% t0 12.08% at the close of the week 📌Meanwhile, the shilling continues to face pressure from the US Dollar due to the high dollar demand arising from imports and servicing the government debt.
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📌Money Market Fund (MMF) yields continue to rise due to the increase in returns from government securities -Treasury Bills & Treasury Bonds- as investors continue to demand better returns given the concerns over debt sustainability.
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🎯Yields on Treasury Bills have increased to 13.7% for the 91-Day T-Bill, 13.5% for the 182-Day T-Bill, and 14.0% for the 364-Day T-Bill from 13.5%, 13.3%, and 13.7% respectively.
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What is good debt and bad debt; and how do you differentiate them?
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👉Bad debt, on the other hand, involves borrowing for things that don't offer a lasting financial benefit or could potentially put you in a worse financial position, like borrowing to buy luxury items.
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🎯It's important to carefully consider the potential returns and risks associated with borrowing before taking on any debt. #finnacleke #gooddebt #baddebt #debt #debtmanagement #debtmanagementtips #liability #income #financialliteracy #financialfreedom
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Ever felt baffled by all the financial jargon thrown around when talking about saving and investing? We get it! More than 72% of Kenyans might not understand this financial jargon but let's tackle one big question together: What's the deal with inflation, and why does it matter?
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What are the key factors contributing to Inflation? There are several key factors that contribute to inflation, and they can be broadly classified into two main categories: demand-pull inflation and cost-push inflation.
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Cost-Push Inflation: Cost-push inflation occurs when the cost of production for goods and services rises, and producers pass these increased costs onto consumers through higher prices.
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Embracing simplicity in managing your money becomes increasingly important as you advance in life and financial situations become more complex.
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Simplicity doesn't mean sacrificing your financial goals or neglecting important aspects of your money management. It's about focusing on what truly matters and avoiding unnecessary complexities that might hinder your progress. Embrace simplicity and watch yourself thrive!
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#finnacleke #simplicity #clarity #lessismore #smartmoneymoves #simplifyyourfinances #automateyourfinances #investing #financialplanning #investmentplanning #financialliteracy #financialfreedom #financialindependence #financialhealth #moneymanagement #moneytips #moneytalk
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