Let’s be honest. A lot of people have been raised with the wrong thinking about how money works and they don’t even know it.

Really, how many of us know someone that doesn’t have enough money?

For most people, budgets and spending habits are never monitored. That’s an interesting thought because nobody really wants to admit being that person.

Observe how a lot of Kenyans tend to live on the edge. Dangerous! They do not understand the bottom line – money is a tool.

Again, money is a tool. Nothing more, nothing less. Simple.

If you’re a spendthrift, money will make you more of a spendthrift. If you’re generous and kind, money will make you more generous and kind.

Money is just a tool and here’s a big lesson: just like an app on a phone, if you don’t use it and play the game right and follow the steps, you don’t get the results.

It’s not about how much money you earn. It’s what you do with the money that matters.

A currency dealer counts Kenya shillings at a money exchange counter in Nairobi . /The Star
A currency dealer counts Kenya shillings at a money exchange counter in Nairobi . /The Star
Manage your money like rich people do

A lot of research has gone in to this and the principles are consistent. As the saying goes, look after the pennies and the pounds will look after themselves.

You need to be mindful. You need to take care of your money. The people who take care of their money make deliberate decisions to be rich. They allocate their money.

Now, nobody says this is easy …well, that’s until today. Here’s a secret that’s in the open. All you need to do is know about it and embrace it.

Do you want to treat yourself to a good vacation? Maybe you want to buy something nice in the future. Maybe you want to save for school. What’s the secret?

The secret revealed

Here’s the statement worth repeating. It’s not about how much money you earn. It’s what you do with the money that matters.

Personal Finance Management has been made 100% easier for Kenyans by a new lifestyle. It’s simply called “Loop”. A digital banking service that helps you manage your money better right from your phone.

No fuss, no queues, no red-tape.

CBA Loop is a full-fledged digital bank that gives you the control to bank anywhere, anytime in Kenya.

It’s easy to on-board. Open an account in minutes by download the app on Google play store (android) or App store (IOS), follow the simple steps and start transacting immediately. You can also access the service via web on www.cbaloop.com

The advantage is that you can begin transacting immediately as you plan to collect your debit card from any of these loop stores. The debit card is issued in 10 minutes as you wait. This is different from most banks where you have to wait up to 2 weeks for your card to be ready.

CBA LOOP Credit Card
CBA LOOP Credit Card
Managing finances

A fantastic feature of the app is LoopInvest. This allows you to set up an investment on Loop for as low as sh.1, 000 at the best competitive rates. You don’t have to get stressed over what type of investment to make. Loop takes care of all that and presents you with the best rates in the market.

There’s also LoopGoals that includes setting up up multiple goals on Loop and saving towards achieving each specific target. Gone are the days when you had to open 5 different bank accounts for different savings needs.

Loop also enables you to set up your expenses budgets and track how you’re performing against your budget every time you transact. This is automatic and it’s what rich people do.

LOOP Invest - CBA Loop
LOOP Invest – CBA Loop

As if these weren’t enough, Loop has a feature called ‘Analysis’, which breaks down your spending habits, helping you understand when and where you spend your money, so you can make better financial decisions.

There’s your secret to managing your money like rich people do. Unbank Yourself! Open a CBA Loop account today and control your money without thinking about it.

Loop By CBA
Loop By CBA