Money Talk

Africa’s Black Tax: A Sustainer of the Poverty Cycle

Recently, Twitter was agog with a short but relatable tweet of a young lady (@Ojima4)  – a tweet with content synonymous to what is known as the black tax in the southern parts of Africa. The black tax is a tradition so common that it earned a prominent spot in Trevor Noah’s “Born a Crime”, really beautiful book by the way. To properly explain the black tax, we can lend the words of Gerald Mwandimbira of the Savings Institute, South Africa. In an interview with Vukuzenzele, a publication of the South African government, he said, “Black tax sees a person’s…

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Money Talk

How to Set Up Emergency Fund

Setting up and maintaining an emergency fund is an important money habit any one who desires financial freedom must cultivate One can define an emergency fund as the big brother you run to when there is a serious financial issue beyond immediate control. It is a stash of funds that must be built over time, and not one that is tampered with within short intervals. Life plays a very funny game of hitting us with unpleasant surprises sometimes, with an emergency fund though you can beat life at its own game. These funds come in handy when faced with job…

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