Millenial Money

Smart money habits for 2018

New Year, New Resolutions. Unfortunately most of us  (myself included) never stick to all of them. By March you are already fed up and overwhelmed. Out of all the ones we make, 25% of them usually end up being about or related to money. We promise ourselves we will make smart money decisions but what do we usually mean by that? So I came up with some smart money habits that you can use to kick start your year with

Goal setting:

When it comes to setting and tracking goals you need to always strive for a larger, quantifiable target. Set a single financial goal that you want to work towards. Set it up so you can check back on yourself on December 31st, 2018 and measure to see whether or not the goal has been met. In order to properly measure it you need to quantify it. A quantifiable goal is easier to achieve.


When you set your main goal it’s important to break up the rest of the year into smaller goals or milestones. That means developing a system so you can stay on track. The majority of us want to develop habits around spending and saving money. The best way to do this is to create monthly budgets and follow them to a tee(This is the hard part actually). Even though you end up backsliding and buying some expensive shoes and toys, the budget will not only keep your spending on track but will give you a better understanding of your spending habits as a whole.

No spend weeks:

As a young adult in Nairobi, what with events coming at you left, right and center, friends’ events like baby showers, ruracios and weddings, committing to no spend weekends can turn out to be quite the challenge. A week of such every month especially at the beginning is one of the best ways to kickoff a month of savings. This means you only spend on your necessities. Try to avoid spending on conveniences like driving to work, eating meals out, and other random purchases. The reason why you should practice committing to these weeks is you ultimately want to commit to a no spend month. If you try to jump straight into a month however it’s likely you’ll cheat a few times or not be able to handle it at all.

Save Bonuses:

You probable have a corporate job or you are a self employed person, maybe you work on commissions. In either situation you may find yourself getting something extra and these may take the form of overtime over the weekend, or sales targets reached which means higher than usual commissions, promotional pays, end year bonuses. Anyways, you should try to immediately put this bonus cash into savings. Since you’ve structured your lifestyle around surviving off your normal salary you shouldn’t need to spend this extra cash. That said you can justify sticking it right into a savings account for later use. You will feel so good when you reward yourself with something from that extra cash.


We basically use money to carry out a lot of transactions in the world. And majority of your transactions will involve you personally and how much the market values you. In order to truly progress financially you need to build your knowledge. You should try to spend at least 20 minutes every single day learning more about money as a whole. Try to explore different areas to see if you’re more interested in one over another. The more diverse your knowledge the better decisions you’ll be able to make around your finances.


Making better decisions on your finances will help make better decisions  on your wealth. Its not done overnight but I’m personally planning to try my level best and stick to these. What are some of yours?

My mission is to help you (and myself) exploit these opportunities and break free: launch a business, start a charity, travel the world and read as many books as is humanly possible!


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