The world is calling, and Kenyans are answering the call! With a booming diaspora community and government initiatives fostering international careers, working abroad is a reality for more Kenyans than ever before. However, between exploring new cultures and sending money back home, ensuring your own financial well-being is important.
From budgeting to diaspora banking, every decision matters. Below are some tips to help you manage your finances.
Create a financial plan
To make the most out of what you choose to send back home it is important to make a strategic plan with clear financial goals to act as guides. Whether you aim to save for a house, invest in your children's or sibling’s education, or build an emergency fund, having specific objectives will guide your financial decisions. By creating a well-defined financial plan with clear goals, you will be well-equipped to navigate the financial landscape of your new home and make informed decisions that benefit your future.
Get a financial advisor
Creating a comprehensive and effective financial plan can be daunting but with the help of a certified financial advisor, you can make this process much more manageable. A financial advisor can offer expert advice tailored to your unique situation and goals helping you navigate taxes, investment strategies, retirement planning, among other financial inquiries you may have. This allows you to strategically plan your finances to ensure that they are invested in the right vehicles back home.
Have a budget
Budgeting is key in all aspects relating to financial management. Having a budget in place helps you to determine your short and long-term goals thus guiding you on how to strategically plan on how to achieve them. Budgeting also allows you to track your spending and ensure you are making the necessary adjustments to achieve your desired goals.
Open a diaspora account
To help facilitate smooth and secure transactions as you work abroad, it is crucial that you open a diaspora bank account. These specialised bank accounts allow you to enjoy the same secure banking opportunities that you would have accessed if you were still at home.
Through our Mkenya Daima Diaspora solution, we provide a stable and trustworthy service that enables you to access a variety of banking services including internet banking, mobile banking through Pesapap, Mkenya Daima Diaspora Current Account, Mkenya Daima Diaspora Savings Account, Visa ATM card among others, making saving and investing easy. It can be opened in KES, USD, GBP and EUR currencies.
Working abroad offers Kenyans unparalleled opportunities for personal and professional growth. By making informed decisions and staying proactive, you can safeguard your financial well-being while enjoying the adventure of a lifetime. For more information visit: http://192.168.0.132/?s=diaspora+banking.
