What comes next

Once your emergency fund is in place, you can look at options for longer-term money:

• Fixed income funds often pay a bit more but may take longer to withdraw.
• Treasury bills and bonds let you lend directly to the government for a fixed period.
• Shares, Saccos and pension plans are for money you won't touch for many years.

Match each pot of money to when you need it: short-term money stays safe and reachable, long-term money can take more risk for more growth.