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5 Ways to Unlock Hidden Savingsš°
Saving is not for the rich or those with big paychecksāitās for anyone who wants to build a better financial future. Did you know that even small tweaks in your spending can free up money you never thought you had? In this edition, weāre sharing five simple ways to find extra cash to save, no matter your income. Letās get started!

Greetings, and welcome to the twelfth edition of Wallet Wellness in 2025 - your midweek source of practical personal finance tips to elevate your money management skills.
We hope you had a chance to check out the last edition where we discussed 5 truths if money actually buys happiness. In todayās edition, we explore 5 ways to find money to save and make saving a habit.
As always, be sure to check out the Concept Corner below for a deep dive into the money concept of the week.
Letās dive in!
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MONEY254 TIP OF THE WEEK
Payday is coming up, and we know the cycle all too well. Money hits your account, and before you know it, itās goneābill by bill, tap by tap, plan by plan. Then, midway through the month, youāre left wondering, where did it all go? š¤
But what if you could find money to save without feeling like youāre sacrificing too much?
The truth is, saving isnāt about earning moreāitās about managing what you already have better. Today, weāre revealing five ways to find extra cash hiding in plain sight!
1. Track Your Spending and Spot the Leaks š
Most people donāt realize how much money slips through their fingers every month. Small, everyday expensesāsnacks, impulse buys, subscriptionsācan quietly drain your wallet.
Check Your Transactions: Review the last two months of your M-Pesa and bank statements. Look for spending patterns.
Use a Budgeting App: Apps can help you track expenses easily. Read More.
Challenge Yourself: Try a no-spend weekend or a cash-only week to become more aware of your habits. Read More.
2. Automate Your Savings š¤
Saving whatās left over never worksābecause letās be honest, thereās rarely anything left! The trick is to save first, then spend what remains.
Set Up a Standing Order: Have a fixed amount sent to your savings or Money Market Fund (MMF) every payday.
Start Small: Even Ksh 500 or Ksh 1,000 a month adds up over time.
Use Separate Accounts: Keep your savings in a different bank or MMF to avoid easy access and temptation. Read More.
3. Cancel What You Donāt Needāļø
Some expenses become part of our routine, even when we no longer need them. Old subscriptions, memberships, and even certain banking fees can be silently eating your money.
Review Your Statements: Go through your M-Pesa, bank, or credit card charges and highlight unnecessary deductions.
Cancel Unused Services: Gym memberships, streaming services, or mobile bundles you donāt fully use? Let them go.
Negotiate Your Bills: Call your service providers and ask for better ratesāyouād be surprised how often they agree! Read More.
4. Turn Clutter into Cashš”
Thereās money sitting in your houseāliterally. From old clothes and electronics to unused furniture, you can sell what you no longer need.
Declutter Room by Room: Start with one area (closet, kitchen, storage) and gather what you havenāt used in the past year.
Sell Online: Use platforms like Jiji, Pigiame, or Facebook Marketplace to list your items.
Swap or Donate: If selling feels like too much work, trade with friends or donate to free up space. Read More.
5. Use Discounts, Offers, and Cashback Wisely šµ
Youāre already spendingāwhy not make the most of it? Smart shopping can free up extra money for savings.
Use Loyalty Programs: Supermarkets, fuel stations, and even some banks offer points that translate to real cash.
Check for Deals: Before making a purchase, compare prices, look for discount codes, or buy during sales.
Leverage Cashback: Some mobile wallets and apps like JumiaPay offer cashback when you pay bills or shop online. Read More.
Saving doesnāt require a big paycheckāit starts with small, intentional moves. The little changes you make today can add up to something bigger than you imagine. The goal isnāt perfectionāitās progress.
CONCEPT CORNER
The zero-based budget
The zero-based budget is a budgeting method where every shilling of your income is allocated to a specific expense, savings, or investment category, ensuring that your total income minus total expenses equals zero. This approach ensures intentional spending and maximizes financial efficiency. Learn More.
Money and Me: āI Save Ksh35K Monthly, But I Donāt Know How to Investā
āā¦In a nutshell, this single mother seeks a simple-to-follow roadmap to investing. Here is a soft approach, which offers to build security - and yet, some fluid liquidity to handle emergencies and short-term financial needsā¦ā Read On
MONEY254 #MONEYTOK
Running a Profitable Smokie Business in Nairobi
Have you been thinking of a business idea or a side hustle? There are various businesses you can consider starting without a big capital.In this week's MoneyTok, we listen to Wycliffeās story on how he has been running hissnack business in Nairobi . Watch the video and learn a tip or two to kickstart your dream of starting a business of your own.
@money254hq šš®š§š§š¢š§š š šš«šØšš¢šššš„š šš¦šØš¤š¢š šš®š¬š¢š§šš¬š¬ š¢š§ ššš¢š«šØšš¢ - šš²šš„š¢šššāš¬ šššØš«š² #personalfinance #moneymanagement #money254 #investing #smartinvesting ... See more
That's it for the twelfth Wallet Wellness edition of 2025! We hope these financial tips have added some energy to your weekly hustle. Stay tuned for more practical insights in our next edition of "Wallet Wellness" next week and watch out for Money Weekly.
Also, donāt forget to download the Money254 App on the Google Play Store, and remember that we can help you compare over 300 loans, savings accounts, current accounts, and more if youāre thinking about your next product.
Cheers to your wallet's well-being!
Money254 editorial team.
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