As it stands, we’re currently witnessing one of the fastest market crashes in history. Since the coronavirus has shut down entire countries, it is now certain the global economy will enter a recession. As market prices plummet, it becomes increasingly difficult to keep a cool head.
If you’re looking for a way to save that’s unique to Zambia, you have to consider chilimba. What is chilimba? How does it work? And, how can you use one to save? These questions will be answered in this article.
In most African families, discussing finances as a family is usually challenging especially when there’s a “bread winner” who takes care of all expenses. Family members usually don’t feel the need to contribute or save. If you’re the bread winner, there are a few things you can do to encourage your family to save.
As you go up the corporate ladder, your salary also goes up. You then get a new flashy car and go to the fanciest bars and restaurants. You just seem to need more stuff, right? Well, you’re not the only one spending your well earned money.