T
Originally published by The Standard Business
πŸ“° Read Full Article
January 9, 2026
17h ago

How the 52-Week challenge can support new year savings goals

How the 52-Week challenge can support new year savings goals

Writer says structured approaches like the 52-week challenge offer a practical starting point for those looking to make steady progress toward their financial goals...

✨ Key Highlights

The 52-week savings challenge is gaining traction in Kenya as a practical method for individuals to achieve their New Year savings goals, offering a structured yet flexible approach to building financial habits. This method helps bypass common barriers such as rising living costs and the complexity of traditional investment products.

  • Under a typical plan, participants save Sh50 in the first week, gradually increasing to Sh2,600 by week 52, accumulating a total of Sh68,900.
  • Digital tools like the Chumz app, founded by the article's writer, facilitate the challenge by automating contributions, tracking progress, and sending reminders.
  • These savings platforms in Kenya are regulated by the Capital Markets Authority, with funds managed by professional fund managers and held by licensed custodians.

Continue Reading

Read the complete article from The Standard Business

πŸ“° Read Full Article
Advertisement

Related News

Advertisement