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7 Money management tips for beginners

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Money management is a tricky and sensitive topic that most people have not yet mastered. Learning how to manage your finances and staying afloat during both tough and smooth economic times is a skill that everyone should aim to develop.

Here are seven simple money management tips that can help you get started on your journey towards better financial health.

Set financial goals

Setting the right financial goals is one of the most vital tips you can use to manage your money. It will help you be motivated and stay on track with your finances. There are no right or wrong goals since they are tailored to your needs and wants. Making clear and specific goals for your finances based on your earnings and spending will align your financial goals and make you stick to them.

Image courtesy: Pinterest

Have an emergency fund

An emergency fund is an amount of money that you set aside to help you in case of an emergency. Such a fund will prevent you from spending your savings on emergencies and keep you out of financial trouble. An emergency fund should be treated as a mandatory monthly expense.

Create a realistic monthly budget

Creating a budget helps you to stay on top of your finances. It gives you a sense of control since you can see where your money goes and what it does.

Having a budget reduces impulse spending which is one of the ways to develop healthier money habits.

Making use of budgeting apps and spreadsheets will keep you updated and organized on things you need to spend on in the present and future.

Image courtesy: iStock

Save for retirement

Planning for retirement early enough helps to set you up properly in advance. Saving up a little money every month will assist you to reduce the stress and anxiety levels that come with worrying about your future.

Having a retirements savings account that gives compounded interests will help multiply the amount significantly over the years.

Track your spending

Keeping track of how you spend your finances will help you re-evaluate your spending habits. This gives you a sense of confidence about your money and can help you stay on track in case things get more challenging.

You could track your spending digitally by using tracking apps or use the traditional pen and paper method where you save receipts and record them in a notebook.

Image courtesy: iStock

Have an investment strategy

Investing makes your money work for you. This means that you could grow an amount of money by investing in businesses, stocks or even money market funds. If you invest for a long period, you might reap amazing returns. Starting small and making bigger deposits when you’re able to will make your financial portfolio look great.

5 Tips for managing small business finances
Regardless of the size of your business, you must be able to account for every cent that goes in and out.

Create a plan to pay off debt

Planning on paying off debt might help you to manage your finances well. A plan reduces the anxiety caused by debts. Debts negatively affect your present budget and future savings. Making it a priority or even a part of your monthly expenses and paying it off in small bits might reduce the interests that make your pockets bleed.

Remember…

Setting up yourself for financial success is not an uphill task. You can start small and simple and keep tweaking habits that fit your lifestyle. Working on the above tips over time might help you develop healthy financial habits that will be immensely helpful at every stage and age of your life.

Celebrate inspiring women with the March issue of Parents Magazine
On this issue Patience Nyange, one of Taita Taveta’s gubernatorial aspirants shares her quest to give a voice to the voiceless; as we celebrate Maxine Wahome

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Cover Story

Elizabeth Nzisa: The Firstborn Who Became a Mother Overnight

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While most teenagers spend their days focused on school, friendships, and dreams for the future, Elizabeth Nzisa, fondly known as Shiku, was forced to grow up much faster than she ever imagined. At only 17 years old, she found herself taking on the role of a mother to her three younger siblings after her family was hit by tragedy not once, but twice.

Her story, shared in an emotional interview, is a powerful reflection of strength, sacrifice and the deep bond between siblings. Elizabeth recalls the moment her life changed completely. Her mother died while giving birth to their youngest sibling, a baby boy. In the middle of that painful loss, their father walked away from the family, leaving Elizabeth alone with a newborn and two other young children to care for.

Mama yetu alipass 2024, Feb. Alipass akipata haka katoto kadogo. Dad naye akatuacha akaenda

 

Becoming a Mother Too Soon

She explains that she had no choice but to step up and become the parent in the house. She raised her youngest brother from the day he was born, and to this day he calls her mum, not knowing she is actually his big sister. That detail alone shows how much responsibility she carried at such a young age. She became the provider, the protector, the caregiver, and the emotional support for her siblings while she was still trying to understand life herself. With little help from relatives, Elizabeth had to find ways to survive, balancing school when she could, doing small jobs and making sure her siblings were fed, safe and loved.

The journey was not easy. She faced financial struggles, emotional exhaustion, and the pressure of trying to stay strong even when she felt overwhelmed. There were moments when she doubted herself and wondered if she was doing enough. Still, her story is not about defeat. It is about endurance. Elizabeth talks about finding strength through faith, support from the people around her, and the determination to keep her family together no matter how hard things became.

Over the years, she made sure her siblings stayed in school, had food on the table, and grew up feeling loved despite everything they had lost. What could have been a completely broken home became a family held together by her sacrifice and commitment.

Many viewers reacted emotionally, saying the story moved them to tears. Some described firstborn daughters as second mothers, while others said her life shows the kind of courage people rarely see but should never forget.

 

Click here to read our March issue 2026

Continue Reading

Cover Story

Elizabeth Nzisa: The Firstborn Who Became a Mother Overnight

Published

on

While most teenagers spend their days focused on school, friendships, and dreams for the future, Elizabeth Nzisa, fondly known as Shiku, was forced to grow up much faster than she ever imagined. At only 17 years old, she found herself taking on the role of a mother to her three younger siblings after her family was hit by tragedy not once, but twice.

Her story, shared in an emotional interview, is a powerful reflection of strength, sacrifice and the deep bond between siblings. Elizabeth recalls the moment her life changed completely. Her mother died while giving birth to their youngest sibling, a baby boy. In the middle of that painful loss, their father walked away from the family, leaving Elizabeth alone with a newborn and two other young children to care for.

Mama yetu alipass 2024, Feb. Alipass akipata haka katoto kadogo. Dad naye akatuacha akaenda

 

Becoming a Mother Too Soon

She explains that she had no choice but to step up and become the parent in the house. She raised her youngest brother from the day he was born, and to this day he calls her mum, not knowing she is actually his big sister. That detail alone shows how much responsibility she carried at such a young age. She became the provider, the protector, the caregiver, and the emotional support for her siblings while she was still trying to understand life herself. With little help from relatives, Elizabeth had to find ways to survive, balancing school when she could, doing small jobs and making sure her siblings were fed, safe and loved.

The journey was not easy. She faced financial struggles, emotional exhaustion, and the pressure of trying to stay strong even when she felt overwhelmed. There were moments when she doubted herself and wondered if she was doing enough. Still, her story is not about defeat. It is about endurance. Elizabeth talks about finding strength through faith, support from the people around her, and the determination to keep her family together no matter how hard things became.

Over the years, she made sure her siblings stayed in school, had food on the table, and grew up feeling loved despite everything they had lost. What could have been a completely broken home became a family held together by her sacrifice and commitment.

Many viewers reacted emotionally, saying the story moved them to tears. Some described firstborn daughters as second mothers, while others said her life shows the kind of courage people rarely see but should never forget.

 

Click here to read our March issue 2026

Continue Reading

Cover Story

Endometriosis and sex: How to make intimacy pain-free

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There is no doubt that endometriosis can affect a woman’s way of life. The condition slews a couple of conditions, painful sex being one of them. Penetration pulls and pushes any tissue growth behind the vagina and lower uterus.

Although symptoms may differ from woman to woman, here are some things you can do to lessen your pain and ensure you have some good time:

Take a dose of painkillers

Take an over the counter painkiller that sits well with your body before intercourse and incase pain persists, take another one as prescribed.

Track your cycle and try at certain times of the month

Most women with endometriosis experience excruciating pain during their period and ovulation. Keep track of your cycle so that you can know when you are ovulating. You can use apps like my calendar and flo period tracker to track your periods. This will help you know when best to engage in sexual intercourse.

READ ALSO: Crucial Facts About Endometriosis Everyone Should Know About

Use lube

Vaginal dryness is not something to be ashamed of and if you happen to have it, lube should be your best buddy. Make sure to use any silicon or water based lubricant anytime you feel like your vagina is dry. Ensure the application is of good amount to achieve a wet area.

Explore alternatives

Talk with your partner about things that turn you on and bring you pleasure. Just to mention a few; mutual masturbation, foreplay, kissing and mutual fondling. Sex does not have to mean intercourse.

Try different positions

Experimenting different positions can teach you and your partner which ones hurt and the ones that bring direct pleasure with no or less pain. Positions that are considered better vary from person to person so take the time to explore and learn yourself with your partner.

Find the right rhythm

Finding the right rhythm can help you experience less discomfort during sex. Quick thrusting or deep penetration can aggravate pain. Talk to your partner about that which you do not like and find ways that will satisfy the both of you like exchanging positions so that you can control the speed and rhythm.

Bottom line

Intimacy does not have to be boring, painful or make you hate the condition that you have. Talk openly about your feelings around sex and penetration and what would help to ease your concerns.

Our FREE  e-paper March Issue is here!
As we celebrate our women this month, we bring you the best stories and the most inspiring features to get you going.
Click HERE to read!

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