Tuesday, 3 May 2011

MONEY ISSUE:money management-do/dont

Do you:
Keep all of your cash in your
pocket, purse, or drawer until
you need it?
Borrow money against a future
paycheck from a micro-lender?
Pay your bills with money
orders?
Not get bills paid because you
don't have time to go to the
place you need to pay?
Send money to friends or
relatives through postal orders
or money wiring services?
If you answered yes to any of
those questions, you could
manage your money better.
Open a bank account. Shop
around to find the best deal for
you.
Have your pay check directly
deposited at a bank or SACCO.
Many employers prefer to pay by
direct deposit or electronic
transfer.
Keep the money in the bank until
you need it.
Take money out by going to the
bank or SACCO or using an ATM
or debit card.
Pay bills with checks or use
online banking.
Avoid using micro-lenders.

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