Lesson 4 of 4 ยท Grade 8 Pre-Technical Studies
Financial literacy and digital safety
15 min
Managing money
- Income: money received (pocket money, wages, sales).
- Expenditure: money spent.
- Budget: a plan matching expenditure to income. Put needs before wants.
- Saving: set aside money regularly; a common rule is to save at least 10% of what you get.
- Where to save: bank account, SACCO, mobile savings (M-Shwari, KCB M-Pesa), or a lockable home box for small amounts.
Borrowing wisely
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