Create a budget One smart way to manage your money and hopefully hold on to more of it is to follow a budget, which means comparing your income to your expenses and setting priorities for your spending. Set savings goals Set a specific but realistic goal. It may be “save at least kes 12,000 in your Sacco savings this year.” Track spending Keep track of your monthly cash flow — your income minus your expenditures. This step will also make it easier to mark progress toward your savings goal. Create a budget One smart way to manage your money and hopefully hold on to more of it is to follow a budget, which means comparing your income to your expenses and setting priorities for your spending. Set savings goals Set a specific but realistic goal. It may be “save at least kes 12,000 in your Sacco savings this year.” Track [...]

Introduction: At KAG SACCO, we recognize the importance of strong governance and transparency in fostering trust, accountability, and member satisfaction. As a member-owned cooperative, we are committed to upholding the highest standards of governance practices to ensure that our operations are conducted with integrity and fairness. In this article, we’ll explore the governance structure of KAG SACCO, the principles of transparency that guide our actions, and the importance of member participation in shaping the future of our cooperative. Understanding SACCO Governance: Governance refers to the processes and structures that guide the decision-making and oversight responsibilities within an organization. At KAG SACCO, our governance structure is designed to ensure that the interests of our members are represented and protected at all times. Our governance framework consists of: Principles of Transparency at KAG SACCO: Transparency is essential for building trust and confidence among members and stakeholders. At KAG SACCO, we are committed […]

Introduction: In today’s complex financial landscape, the importance of financial literacy cannot be overstated, especially for young people who are just starting to navigate the world of money management. By equipping youth with the knowledge and skills to make informed financial decisions, we empower them to build a solid foundation for their future financial well-being. At KAG SACCO, we recognize the critical role that financial education plays in empowering the next generation, which is why we are committed to providing comprehensive financial education programs for youth. In this article, we’ll explore KAG SACCO’s role in building financial literacy among young people and the impact of these initiatives on their lives. Importance of Financial Education for Youth: Financial education is essential for youth as they transition into adulthood and begin to take on more financial responsibilities. By teaching young people how to manage money effectively, budget responsibly, and plan for their […]