7 Best New Year Resolution Ideas and Ways of Financing Them

New year resolution ideas

As the year comes to a close, most people have great New Year resolution ideas. Also, most of them have been thinking of ways and resolutions that will be useful in improving their finances. In this article, we have shared different ways that a person can finance their resolutions in case they do not have enough to accomplish their goals using Mwananchi Credit.

Buying a Motorbike

For instance, this year, you have made a resolution to buy a motorbike so that you can improve your finances.

Motorbike Financing In Kenya

In case you do not have enough finances to buy a motorbike that costs between Kshs. 80,000 to Kshs. 120,000 in cash, at Mwananchi credit, we offer motorbike loans that only need a down payment of Kshs. 15,000. After paying the down payment, the rest of the money can be paid in weekly installments for up to a period of 18 months. 

Buying a high perfomance car

Honda Civic

Traditionally, a personal car was seemed to be a luxury but this myth has changed with time. A Car has become a necessity especially for a family that has young children so as to avoid contact with many people. This is useful in helping them not to contract the Coronavirus that has led to many deaths worldwide. Thus, at Mwananchi Credit limited, we provide affordable and fast car financing through our online platform which you can use to achieve your resolution. The loan repayment period is within 12 months with a maximum of a 48-month contract. 

The amount of credit issued is Kshs. 100,000 and the monthly installments of only Kshs. 10,000 is what is required at our firm. 

Creating a personal budget

Creating A Personal Budget

Another resolution that can be very applicable in the year, is to make a personal budget. This is useful in tracking your spending as well as a tool that will be used in understanding where your money will be going each month. A clear budget will be useful in helping you to set the guidelines in what you will be able to afford as well as identifying the areas where you will need to cut back. Moreso, it will be useful in identifying the areas that you will require more finances. 

In case of shortage, we at Mwananchi credit provide weekend loans, salary check-off and civil servant loans to teachers employed by the Teachers Service Commission, policemen employed by National Police Service (NPS), and health workers employed by the Government (Doctors, Nurses, and clinical officers) in order to make sure that they meet their estimated budget. 

Paying the credit card debt on time

Paying off the credit card debt in time in time will be very useful before the end of the intro period. First, it will be useful in making the balance transfers as well as increasing your credit. It will also be very important to take time in familiarizing yourself with the terms associated with the offer. This mainly includes the expiry of the interest-free period. Knowing the duration in which the intro 0% will last will be useful in helping you to pay the debt before the time ends. 

Starting a Personal Business

Starting A Personal Business

Another resolution could be to start your own business. This is useful in creating employment as well as becoming your own boss. A business will also be a great source of income for the family. However, you must be prepared with the startup capital which will be used in launching the business. 

At Mwananchi Credit, we are willing to support your initiative in case you do not have enough capital. We offer title deed loans which are useful for both personal issues as well as business purposes. 

Importing goods from abroad

Importing Goods From Abroad

The next resolution could be to import goods from other countries. This means that you will be in a position to source out goods at cheaper prices, especially for the manufacturing industries. Quality products materials that are used in making products can be imported from other countries at a cheaper price.

Quality products are useful in making better-finished products that are more marketable and help in reducing wasting your money in making products of lower quality. It is possible to benefit from the trade agreements between different countries which will be useful in reducing business costs as well as increasing the profit margins. 

On the other hand, in case you do not have enough capital to import the goods, we at Mwananchi Credit Limited provide import financing which comes in handy when you have difficulties in your cash flow. 

Starting a Dream Course

Starting A Dream Course

Maybe you have been having a dream to do your desired course. This could be the other resolution for the year 2022 which will be useful in improving your skills. This will also make you become more marketable. Therefore, it is good to start working on your dreams as quickly as possible and grab the opportunities available.  

Happy New Year of Great Achievement!!!

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