LEADER

EDITORIAL: Festive season caution to financial health

The prospect of another series of debilitating lockdowns is a very real financial threat.

In Summary

• The threat of Covid-19 still looms large. The economy is hardly out of the woods.

• Whatever little you are still lucky to have at hand must be guarded jealously.

A street merchant, peddles Christmas commodities along Kipande Road Nairobi
A street merchant, peddles Christmas commodities along Kipande Road Nairobi
Image: REUTERS

The festive season is here with us. Millions of Kenyans will try to cheer up friends, relatives or colleagues in the spirit of Christmas.

Festivities invite the temptation to spend without looking at the bank balance.

This is also the time of the year when every shop and supermarket screams with TV and newspaper adverts and discount billboards that are tough to ignore.

It is not easy to ignore the messages. The temptation can be overwhelming.

What we all ought to remember is that this year has been tough.

The threat of Covid-19 still looms large. The economy is hardly out of the woods. Whatever little you are still lucky to have at hand must be guarded jealously.

The prospect of another series of debilitating lockdowns is a very real financial threat.

Job security is at an all time low because the economy is wobbling dangerously. It might take sometime to ride steady.

Even as people entertain family and friends, there is need for financial common sense.

It is important to clear the most crucial bills before partying bearing in mind January school fees will set you back a fair amount.

While it is good to celebrate for making it through one of the toughest years, it is important not to throw caution to the wind because Covid is still here with us.

Follow Ministry of Health guidelines of social distancing, hand washing or sanitising and wear your mask at all times. Avoid travel unless you cannot avoid it.

And for those yet to get their jabs please use this time and get vaccinated.