money management

How Much Should You Spend On Rent

Just how much should you spend on rent? This will depend on several factors and your preferred lifestyle choices but some general rules are available for you to follow. Given the high mortgage interest rates and cost of construction in Zambia, it is no surprise that over 60 per cent of urban dwellers are renting1. With this high percentage of people expected to be renting, rental property in certain...

What is an Exchange Rate and What Does It Mean?

What is an Exchange Rate and What Does It Mean? The exchange rate is defined as “the value of one nation's currency versus the currency of another nation or economic zone.” For example, the value of US $1 is the equivalent of K13.29* (Zambian Kwacha). Exchange rates change day to day, and for anyone traveling or working abroad, the exchange rate can have significant impact on your living expenses and...

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