Zofi Cash Weekly: Edition XXXV

Welcome to the bold epicenter of financial insights - the 35th edition of the Zofi Cash Weekly Newsletter. We are your reliable compass amidst the perplexing financial landscape. In this week's dynamic edition, we tackle the urgent issues pressing on your wallets.

Paying bills while your paycheck plays catch-up is nothing short of a herculean task. Our savvy finance gurus dissect effective strategies for surviving the rising cost of living, even when your income seems stuck on a slow escalator.

Attempting to navigate the thorny terrain of lending money to your loved ones? We illuminate the emotional minefield that comes with mixing finances and familial relationships. Find clarity among the chaos.

Caught by the allure of the iPhone 15? Our latest chart deciphers its worth for you - a luxury or necessity? Uncover the reality in our 'Chart of the Week'.

Stand on the shoulders of financial giants. Subscribe to the Zofi Cash Weekly Newsletter – your key to unlocking financial success. Devour. Share. And repeat. With us, you lead the way. Boldly face your financial future.

Inflation and the rising costs of living are two economic phenomena that have become increasingly prevalent in Uganda, posing significant challenges to salaried employees. This article aims to provide an in-depth analysis of these issues, their impact on the purchasing power of employees, and practical strategies to cope with these economic realities. Read the full article here.

When faced with a loved one in need of financial assistance, the decision to lend money can be a challenging one. On one hand, helping a friend or family member during tough times can strengthen bonds and foster a sense of support. On the other hand, lending money to loved ones comes with its own set of risks and potential consequences that can strain relationships. This article explores the pros and cons of lending money to friends and family, delving into the complexities of this dilemma. Read the full article here.

Chart of the Week

Apple released its latest iPhone, the iPhone 15 with the base model priced at $799. However, for different countries, the price will increase depending on taxes. As per Compare Dial, Myanmar is the country where the new iPhone will eat up the largest share of someone's annual salary taking up almost 90%. In African countries like Nigeria, Kenya and Tunisia, the new iPhone will set buyers back by over 50% of their annual salary while in South Africa it will be 25.47%. There is no data for Uganda, because we have no official Apple sellers in the country, and the country prices are got from those vendors. But given the fact that our annual salaries are more like Myanmar's than USA's, it is highly likely that buying iPhone 15 will come at over 100% of the average annual salary here.

What Else?

You know the drill. Sign up for Zofi Cash today and forget about ever having to panic in case of an emergency.Request for your salary advance from Zofi Cash now and enjoy financial security all day every day. Download the Zofi Cash App zoficash.com/app-downloads or Call Toll-Free 0 800 200 503 to get started.

About Zofi Cash.

Zofi Cash is a digital financial platform that takes care of employees’ financial emergencies before payday by providing instant salary advances. Download our app from the Google Play store and Apple Store to get started or visit our website?here.?Follow our blog for articles about personal finance news and the work that we do.