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Savings/Investments

Savings – Kwacha Cost Averaging

Investopedia describes Dollar-cost averaging an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. It is not a strategy that is exclusive to a mutual fund investment but it can

Financial Jargon Made Simple, Savings/Investments

Guest Article: Village Banking and Cilimba Groups

Village Banking and Cilimba groups are Rotating Savings and Credit Associations (ROSCAs) which are groups as old as time. They are informal groups where individuals, who are usually friends, colleagues or family come together and decide to save, lend or invest money together. Village Banking Vs Cilimba Similarities: • Both Village banking and Cilimbas are

Financial Jargon Made Simple, Loans, Savings/Investments

Financial Jargon Made Simple – Compound Interest

Investopedia defines compound interest as interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan. Thought to have originated in 17th century Italy, compound interest can be thought of as “interest on interest,” and will make a sum grow at a faster rate