Chase Debate: What are your Financial Distractions?
When we talk about financial management, we talk of planning for our money in order to avoid getting caught off-guard – whether it’s for an emergency or a pre-planned affair. It is for this main reason that you either put money aside and have it accumulate with some interest (save) or capitalize on something that will enable you to increase the value of your money (invest). In order to do this, you need to prepare a budget, so that you can know the right amount of money to channel towards these two main activities.
However, even before embarking on saving and investing, you need to know why you’re doing it and what you want to work towards. So, it’s important to set goals, and have these goals can cover these two main concerns. Your goals need to be very Specific, Measurable, Attainable,Realistic and most importantly, Time bound. The question that we set out for Chase Debate last Friday was, “What are your Financial Distractions?” After you have set out your financial goals, what is it that distracts you or hinders you from going ahead to achieve them?
- Is it that you have too many goals that they become burdensome?
- Is it that your goals are unrealistic – such that you set such high expectations for yourself that you genuinely know you can’t achieve?
- Is it that you’re not disciplined enough to follow through this commitment?
- Is it that you don’t understand the goals and so you don’t feel the need to live up to them?
- Is it that you get easily distracted, that you’re not able to fulfil your goal, even when you have the ability to fulfil it?
We all have many reasons as to why we set our financial goals but fall short of achieving them. However, that shouldn’t deter you. You can find a way to work around those distractions, and since they’re financial distractions, you need to first find a financial partner, such as Chase Bank. Then open a savings account that has attractive interest rates, and is also easily accessible. For this purpose, the Instant Saver Savings Account would be ideal for you.
- Minimum Opening Deposit KES 2,000
- Minimum Balance KES 2,000
- Tiered interest rates
- Ledger Fees KES 150 for amounts below minimum balance
- Quarterly Statements
- ATM Card Available
- Free Pebble account available
- Competitive and superior interest rates, credited quarterly
- Telephone Banking available
- Personal Accident cover of KES. 100,000
Visit us on any of our branches, Download Mfukoni App or Dial *275# to Open an Account with us. Also feel free to engage with our other group of companies on twitter: Genghis Capital, Genghis Capital Unit Trust, Rafiki Bank, Chase Assurance and Orchid Capital, as they’ll provide sound advice when it comes to the financial services sector. During the debate, we got some good feedback from you. See the #ChaseDebate conversation below:
Chase Bank Kenya Chase Debate Financial Goals Financial Management Financial Solutions Savings Account