Pay later, pay more
The real total of a pay-a-little plan
The story
Shiro’s big sister wants a phone. The cash price is KES 10,000. A pay-later plan says: KES 1,000 today, then just KES 50 a day for 240 days.
The big idea
“Only KES 50 a day” sounds small on purpose. Always multiply it out and compare the total with the cash price. Some plans also lock the phone if you miss payments.
Ask at home
Find a pay-later or instalment offer together and work out the total cost versus the cash price.
The full lesson, with its questions and Kesho Stars, is in the myKesho kids app.
Ready for tomorrow.
Start this week. Their first payday can be this Friday.
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