Financial matters are crucial to everyone no matter the age bracket you fall on.
It is one thing to have lots of money, and it is another to have financial discipline. Every one of us needs assistance in making expenses. We sometimes go a little overboard and fail to recognize the difference between our wants and needs. Saving especially during such hard times when there’s a pandemic that can literally change your whole entire life, it is important to also have apps that can save you in a crisis.
Mint.com is a software application and website whose sole purpose is to get details of all your financial accounts to help track your cash flow.
How it works:
Mint helps its users create budgets and track their financial conditions.
All you have to do is to download the application via Google Play or Apple store and install it, following the prompts.
It allows you to follow and track your transactions on all your accounts at once. Perhaps users and third parties have questioned the security of using Mint and attaching their account details to it but they do take extra measures to ensure that the app is safe for their users.
2. M-Shwari
M Shwari is a sister to M-Pesa and birthed from its existence. Instead, this is derived from the common Swahili phrase, “mambo yako shwari” meaning everything is okay and calm. Mshwari works approximately the same as any other regular bank in terms of handling money. The only difference is that you do not need any paperwork to activate your M Shwari account. For those who do not know where to start investing, M Shwari is a good option. In investment, one has to carry discipline and risk tolerance.
3. Zenka
Are you having a financial crisis and need a helping hand? Zenka finance is a Kenyan-based mobile money-lending application.
How it works:
You will need to download the Zenka application from Google Play or Apple store.
Register your details in the app. Be sure to own a valid identification card and a running Mpesa account to facilitate your credit and debit transactions. Follow the necessary prompts, answer a few questions posed and fill in the required details. This takes a maximum of 5 minutes. This is only useful if you want a loan.
