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To be financially stable,ziba ssente meka?

You probably have come across the famous Tik Tok sound that says “naye okuba financially stable, ziba ssente meka?” And when we peel back the humour, in there lies a serious question.

What is financial stability? What does it truly mean to be financially stable, and how can one achieve this coveted state of economic well-being?

One of the prevalent myths surrounding financial stability is that it’s the exclusive domain of the rich and famous. People often associate
it with multimillion-dollar bank accounts, lavish lifestyles, and an aura of opulence. This misconception can be disheartening for those who find themselves on the lower rungs of the income ladder.

The reality, however, paints a different picture. Financial stability is not about the size of your income or the number of zeros in your
bank balance. It’s about achieving a harmonious balance between your income, expenses, debt, savings, and investments, regardless of your starting point.

It’s about navigating life’s financial challenges with confidence, securing your future, and pursuing your dreams while living comfortably within your means. ut how do we get there?


Well, like getting anywhere, we must start with understanding where that really is? What is the destination? Ask yourself questions like what home you want to live in. What schools would you like your kids to attend What do you hope to do when you retire? Having clear goals is the first step to financial independence.

What is your starting point? How do you earn, how do you spend? Like everything in life, financial stability requires planning. Tools such as budgets can help you get on track with your finances and learn more about your financial habits.


Financial stability hinges on a fundamental principle—spending less than you earn. This principle applies universally, irrespective of your income. Living within your means ensures you have the financial flexibility to save and invest, regardless of your starting point.


Life is unpredictable, and unexpected expenses can arise. You could lose your job, you or someone you love gets terribly ill, or God forbid the world gets shut down again. We must aim to save at least three to six months’ worth of living expenses in an easily accessible account to provide a safety net during tough times.


Beyond saving, strategic investments allow your money to grow over time. Whether it’s contributing to retirement accounts, starting a university fund, or exploring other investment opportunities, purposeful investment is crucial. You don’t need a lot of money to start either; now you can start investing with as little as Shs 10,000 from wherever you are.

Financial stability isn’t about accumulating vast wealth; it’s about finding balance and security in your financial life. It’s the peace of mind that comes from knowing you can handle life’s unexpected challenges and work toward your long-term aspirations. By following this roadmap, you can move closer to financial stability and enjoy the benefits it brings to your life.



+1 #1 mandela 2023-09-20 10:42
Teziba ssente meka but rather good cashflow. You need a continuous flow in of money.
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