fbpx
Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books
No Result
View All Result
  • Login
Potentash
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books
No Result
View All Result
  • Login
Potentash
No Result
View All Result
Finances: 5 Seemingly Small Yet Avoidable Payments And Fees That Are Costing You

Kenyan Shillings in the black wallet on a wooden background

Finances: 5 Seemingly Small Yet Avoidable Payments And Fees That Are Costing You

Laura Ayienga by Laura Ayienga
11 November 2021
in Personal Finance
Reading Time: 3 mins read
18 1
0
23
SHARES
125
VIEWS
FacebookTwitterWhatsApp

Life has become expensive. What 10,000 Kenyan shillings could do for you ten years ago it simply can’t today. There’s a popular joke that goes around that in today’s world if you so much as step outside your gate, you will have spent at least 1,000 shillings. The best way to save money is to stay at home, and even so, you will still need to buy food.

It’s not getting better. As the rate of inflation continues to rise, we are left with little option but to survive. Some of the coping mechanisms include reducing or eliminating as many expenses as we possibly can. Here are some of the small, and yet avoidable payments and fees that are costing you.

1. Transaction costs

There’s a little pain that comes with sending money using the phone. Whether it be through banks or other digital services, it’s not exciting to spend such a large percentage of your money on transaction costs. When choosing banks, find one that offers little or no transaction costs. It seems like a small deal, but when you calculate at the end of the month, the transaction costs add up and cost you a chunk. Also if your bank offers free bank to mobile transactions take advantage of it to make most of your payments.

2. Parking fees

Parking fees are irritating. If you spend time running errands and going to different places, you can end up spending a considerable lot of money. Paying for parking on a daily basis adds up and amounts to a lot. How can you avoid this? Well, the simple solution is to start using public transport. You could also learn to walk if the distance between one place and the other is not too far.

3. Subscription fees for apps

How much money do you spend on applications? It’s extremely captivating when the price to pay is small, but, when combined, subscription fees take up a lot of money. Subscription fees also include those for Short Message Services (SMS) and the likes. More often than not,  some of these subscriptions are luxuries rather than necessities and we can almost always do without some of them.

4. Cabs

Taking a cab is extremely convenient, especially for those of us that don’t have cars. Nowadays, cabs have become more affordable and efficient. But have you ever stopped to think of how much money you spend on these Cabs? It starts with 150 shillings, but when you calculate how much you spend at the end of the month it adds up. A solution is to consider carpooling with friends and colleagues or to opt to use public transport more.

5. Airtime

How much money do you spend on airtime in a month? When you sit down to calculate, it will probably shock you. While sometimes airtime is an unavoidable cost, there are ways to go around it. Why not install WI-FI in your house instead of constantly spending on bundles? You may even opt to subscribe to monthly packages for both minutes and data. This will help you to not only monitor your spending but also to limit it. Cutting down on airtime can help you to use this money on other, more important expenses.

To Save Money, Be Ready To Spend Money

There’s Food At Home As A Savings Plan – How To Apply This Mantra To Other Aspects Of Your Life.

Finances: Money Saving Tips to Survive A Loss Or Reduction of Income

Share9Tweet6SendShare2Pin2
Previous Post

Claustrophobia: Causes, Symptoms, And Treatment

Next Post

Greencard Mtaani Has Partnered With Mastercard Foundation For A Covid Pandemic Economic Recovery Program In Kibera

Laura Ayienga

Laura Ayienga

My name is Laura Ayienga, a 25-year-old writer & marketer, experiencing the highs (not claiming the lows) of life. I discovered my passion for writing on this very blog back in 2019 and since then, I’ve been using it to express myself as candidly and authentically as possible.

Next Post
Greencard Mtaani Has Partnered With Mastercard Foundation For A Covid Pandemic Economic Recovery Program In Kibera

Greencard Mtaani Has Partnered With Mastercard Foundation For A Covid Pandemic Economic Recovery Program In Kibera

Please login to join discussion

Recommended

6 Remedies For Morning Sickness

6 Remedies For Morning Sickness

17 October 2022
25
Single lady In Nairobi: When They Move From Jogoo Road

Single lady In Nairobi: When They Move From Jogoo Road

25 January 2016
15k

Popular Stories

  • Frustrated Black Woman Leaning Against The Window

    Single Lady In Nairobi: With Men Like These I Would Rather Be Single

    5112 shares
    Share 2045 Tweet 1278
  • She Was Tired Of Being A Single Parent – One Day Things Boiled Over And She Told Off Her Husband 

    59 shares
    Share 24 Tweet 15
  • Relationships And A Tolerable Level Of Permanent Unhappiness

    310 shares
    Share 124 Tweet 77
  • The Singlehood Series: He Went On Vacation To Dubai With His Mum’s Best Friend

    46 shares
    Share 18 Tweet 11
  • The Singlehood Series: We Became Friends After She Caught Me With Her Boyfriend

    31 shares
    Share 12 Tweet 8

Potentash Blog

Potentash is an award-winning lifestyle blog. We publish lifestyle content that intersects with health, women, beauty, travel, business, relationships, finances and entertainment.

Explore

  • The Singlehood Series
  • From Stairs To Ramps
  • Man Around Nairobi
  • Pearls And Heels
  • Personal Finance
  • Food + Beverage
  • Editor’s Pick
  • Reviews

Get the Potentash Newsletter

  • Newsletter Archive
  • Subscribe
  • Frequently Asked Questions
  • Privacy Policy
  • Contact Us

Copyright © 2023. Potentash, In Partnership with Decima

  • Login
No Result
View All Result
  • Relationships
    • The Singlehood Series
    • Dating
    • Sex
    • Parenting
  • Lifestyle
    • Home
    • Food + Beverage
    • Fashion
    • Interviews
  • Stories
    • The Singlehood Series
    • Fiction
    • Poetry
  • Skin + Beauty
    • Skin
      • Skincare
    • Hair
      • Haircare
  • Wellness
    • Physical Health
    • Emotional Wellness
    • Mental Wellness
    • Social Wellness
    • Spiritual Wellness
  • Business
    • Business Finance
    • Personal Finance
    • Entrepreneurship
    • Investments
    • Personal Investments
  • Entertainment
    • Internet
    • Events
    • Music
    • Books

Copyright © 2023. Potentash, In Partnership with Decima

Welcome Back!

Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In