Hello,

Listen. Speak. Unlearn. Discover.

Welcome Back,

Listen. Speak. Unlearn. Discover.

Forgot Password,

Lost your password? Please enter your email address. You will receive a link to create a new password via email.

You must login to ask a question.

Please briefly explain why you feel this question should be reported.

Please briefly explain why you feel this answer should be reported.

Please briefly explain why you feel this user should be reported.

Fatumas Voice Latest Questions

  • 3
Don 'Caleb' Nyagudi
Nyati

Would you rather save, consume, or invest your extra money?

We all want to get the most out of our money. The only way this desire can manifest is by adopting the correct decision patterns in our financial life.

I’m doing a piece on this and would like to get your opinion. Collecting information on the likelihood of Kenyan consumers to save, invest, or consume their extra money. Please take my survey! Thanks in advance.

https://forms.gle/JoCYEWFxA9Wz8Q77A

Poll Results

40%Save ( 10 voters )
4%Consume ( 1 voter )
56%Invest ( 14 voters )
Based On 25 Votes

Participate in Poll, Choose Your Answer.

Leave an answer

Leave an answer

5 Her Answers

  1. I would rather save the money to a certain amount then invest. Because there is no day money will ever be enough .

    I would rather save the money to a certain amount then invest. Because there is no day money will ever be enough .

    See less
  2. I will definitely invest my extra money so as to earn return.

    I will definitely invest my extra money so as to earn return.

    See less
  3. Invest. Having profitable investment is a good way to save your money with interests. investing helps one to grow and create more opportunities to make cash

    Invest. Having profitable investment is a good way to save your money with interests. investing helps one to grow and create more opportunities to make cash

    See less
  4. Investment is the best because your children will inherit after you and comes with a profit

    Investment is the best because your children will inherit after you and comes with a profit

    See less
  5. If I wanted to play it safe, I would probably just save whatever I can spare. Yet I do not have the luxury of waiting for the savings to accumulate due to pressing needs. For faster multiplication of the little I have, Investing is the way to go. Sometimes depending on one’s goal, you may need to hoRead more

    If I wanted to play it safe, I would probably just save whatever I can spare. Yet I do not have the luxury of waiting for the savings to accumulate due to pressing needs. For faster multiplication of the little I have, Investing is the way to go. Sometimes depending on one’s goal, you may need to hold the little that you get bit by bit until you get to the investing target amount which means you may have to save for a while before embarking on investing. What we choose to invest in is a whole different story. In my case, I would not have gambling, online trading, or anything that puts me in constant anxiety in my options.

    See less

2 Answers

  1. Hello Don, when you say extra money, I hear SAVE for the purpose of investing later. Investing is key but you must have a tangible goal that you want to achieve hopefully one that will bring you back more returns. Most of my life I have got money and consumed it.... One time I decided to start savinRead more

    Hello Don, when you say extra money, I hear SAVE for the purpose of investing later. Investing is key but you must have a tangible goal that you want to achieve hopefully one that will bring you back more returns.

    Most of my life I have got money and consumed it…. One time I decided to start saving just a bit and it has been a good culture to build on because now I just do not want to stop saving!

    Now, when I get extra money, it’s very tempting to want to use it up. But hey… As long as you have an investment goal, or not, it is better to save the extra money and think about how it can work for you.

    For example, I save in a sacco. At the same time the savings are an investment as I get a certain share of dividends when the company is sharing out profits. This is money I never had. It’s extra money, right. I’m so obsessed with saving now, I just inject it back into the sacco!

    The day I have a tangible investment plan, my savings will work for me as I will be able to borrow a loan three times the amount I will have saved.

    At the same time, consume wisely, make good consumption plans so that you have money to save and invest.

    What do you think?

    See less
  2. Invest, money should circulate rather than be stashed anywhere. Saving wouldn’t add value to your current financial state

    Invest, money should circulate rather than be stashed anywhere. Saving wouldn’t add value to your current financial state

    See less

Related Questions

News & Updates

Fatumas Voice Latest Articles

Remember The Total Man? Nicholas Biwott

Remember The Total Man? Nicholas Biwott

Remember the Total Man? The man who made many politicians in Kenya tremble? Well, this specific in week 2017, is when he was raised to rest. Allow me to show you, the man who messed Kenyans big time and how ...

Quarter Life Crisis and Re-evaluating Mediocrity

Quarter Life Crisis and Re-evaluating Mediocrity

I did everything I was supposed to do but was nowhere closer to greatness than if I’d never tried at all. Hi, I’m Kemi, an engineer, dancer, actor, and writer, but most importantly, I’m mediocre. My father died when I ...

What African countries can learn from Rwanda and Singapore

What African countries can learn from Rwanda and Singapore

Rwanda is beautiful but the silence in this country reminds me of the silence I encountered in Singapore (peaceful silence). While Singapore lacks personality Rwanda has character and culture. Hell! I have walked in some parts of the cleanest city ...

Explore Our Blog