tv Money Clinic BBC News August 3, 2018 9:30pm-10:01pm BST
9:30 pm
this is bbc news. here are the headlines. the newly elected president of zimbabwe has called for peace and unity after being accused of running a fraudulent election. the president said he was set up an independent commission of inquiry to investigate violence which left six people dead. the other shindler has refused to accept the outcome, and promised to amount a legal challenge against the result he says was rigged. and as europe experience is a heat wave, forecasters and the all—time demerger on the mainland to be broken in the coming days. temperatures in spain and portugal may reach 48 celsius. theresa may hasjoined may reach 48 celsius. theresa may has joined the french may reach 48 celsius. theresa may hasjoined the french president at his summer retreat as she steps up effo rts his summer retreat as she steps up efforts to win support for her brexit plans. coming up at10pm, coming up at 10pm, clyde will be here with a round—up of the day's
9:31 pm
news, but first, we have money clinic nairobi. we're putting money and relationships under the spotlight. many find it hard to talk about money, even with those we are closest to. and that can turn into a big problem. money is about power and control. in this programme, couples will open up to an expert to try to get a better understanding of their finances. now i know there are people who depend on me. i have to work harder. their emotions... it would be so selfish of me not to take of her. and one another. it is time to open the doors to the bbc money clinic. kenya's capital, nairobi.
9:32 pm
home to around four million people, from the very rich to the very poor. in between is a growing middle class. people come here from all over to try to make it in the big city. but family ties remain strong. and that for some people creates an extra financial burden. seeing the couples in the bbc money clinic today is life coach and authorjenny karina. jenny is a specialist in helping people get the balance right between love and money. someone said that there is no romance without finance. and whether that is true or not, what i can say is that actually it is documented that over 75% of couples end up in divorce because of money conflicts. and so, it's not about intimacy, it is about how you manage your money together as a couple.
9:33 pm
would you say then that a lot of arguments about money are not about money, per se, but they are about other things? you hit the nail on the head. deep—seated attitudes that we have. deep—seated attitudes, upbringing, parents, exposure to money, environment that you are in, your experience of a time of loss or plenty, all that forms our mindsets and attitudes concerning money. so when we are having money arguments, it is not about the money, it is the emotion that is evoked in us in that discussion. first into the clinic are 29—year—old banker tom and 24—year—old cynthia. she is pregnant, has given up work, and their wedding plans are on hold. in kenya, weddings are costly affairs for the groom and his side of the family. in many cases, a formal meeting between both sets
9:34 pm
of parents has to be paid for. then there is the bride price — cows, goats and calves can change hands. and of course, there is the wedding itself. it's this long list of expenses that is worrying financially cautious tom. i'm in a relationship with cynthia. she is humble, respectful, god—fearing. she is a homemaker. tom is responsible. i like him because of his responsibility. i tend to think long—term in terms of financial savings, money management and planning. tom has told me, maybe if i have money, i will buy makeup, shoes. for me, it is not a priority, our wedding.
9:35 pm
it's a one—off affair. we'll have people come and go, and then they are gone just like that. so my idea was to delay it at least for up to two or three years. i'm not sure about that. that's why we must go here. going to the clinic will help us to understand better what we are getting into and expectations of financial matters. cynthia, hello and welcome to the bbc money clinic. so you two are looking for some tips about sharing your financial future together. how are you feeling? i am excited. to be here and to learn. excellent. great, 0k. well, jenny is ready for you, so please go in and enjoy. all right, thank you. because we are expecting our first baby, we agreed that cynthia can take a break until the baby comes. and then she can resume work. so as it is, i'm the bread winner.
9:36 pm
cynthia, how did you feel when he asked you to leave work and just wait until the baby is born? at first i did not agree with him. one thing i love about tom is he is responsible. at least he opened up about his income, the amount of money he earns. i'm glad you said you were a bit uncomfortable about that in the beginning. because what happens is money is about power and control, and when you are the one with the money, you have got the power. when you're the one without the money, you have no power, you have no control. i know that couples have a lot of money arguments and money conflicts, particularly when it's one person that is providing and the other one is simply spending. you make money, she spends it all. she has no financial prudence
9:37 pm
with the money that you give her. maybe she's a good spender. how are you planning to manage your finances together? before she resumes work, we can agree on an amount that i can be putting into an account and then she can be managing that until the end of the month. and so, tom, you now have the financial responsibility over your household. now i have to focus on the bigger goal. because now i know there are people who will depend on me. yes. i have to work additionally harder. yes. there are friends that i had to leave behind because now we do not share the same responsibilities or goals. and so in some sense it has brought a sense it has brought
9:38 pm
a sense of responsibility and discipline to me. yes, great, that's good. but the reality of the matter now is that you now have a family. and so you need to think at a broader level, even beyond the wedding. because the wedding is a one—off event and the marriage is a lifetime. and so even as you think about the wedding, the dowry and the celebration, maybe we could unpack that a bit so i canjust get a glimpse of what your dreams are concerning that. initially, i was not planning to have our wedding immediately. i had planned we just shw respect to the parents, we do an introduction, we pay a dowry in a we pay a dowry in a weekend due our wedding when we are both comfortable.
9:39 pm
i don't subscribe to the idea of fundraising for a wedding or collecting money from friends for a wedding. i want to fund my own wedding. but for her, she really wanted a wedding this year. some of the family members really wanted a wedding. and so the wedding, the introduction comes with the cost implications. of course, we have the dowry, which in our culture, you can do cattle or a money equivalent. so you can see if all this goes the same year, it's a huge considering again i do not subscribe to taking loans. yes. so it means you really have to deny yourself everything. and allow me to ask simply, what you want concerning this relationship? i want this relationship to grow into a marriage. because we are still young, so we are experiencing many challenges. what are the challenges?
9:40 pm
of course, there are cost challenges. yes. insecurity? 0k. it's a bit weird because i have been earning my own money, so it's difficult at times now that i do not earn money. what i hear you say is i am pregnant, i am young, i am in this guy's house, we have no commitment, he can find another beautiful woman, they are born every day, so what is going to happen to me? and you have every right to feel insecure as long as he did not have this ring on yourfinger. and what happens about having a ring on yourfinger, it becomes legally binding. and once is legally binding, then you are lawfully his wife. so i see that is what you are looking for. yeah.
9:41 pm
it's clearjust how much cynthia wants that wedding, but tom still has concerns. what i hear you, tom, say is one, you are really excited about the responsibility of being a husband and father. however, there is anxiety about the cost of the process. and it is for that reason that you are asking cynthia to consider not having the wedding immediately. it's the white wedding. the white wedding? yes. but if you're like me or any other girl, you want to walk down the aisle and sing here comes the bride. is that a reality for you? yes, that is what i want. that is what you want. yeah. and so i see that you are very agreeable, wonderful young couple. how are you planning to build a kitty for project marriage? i have a side business, so i decided the money i get from that side business will go towards the wedding. 0k, wonderful.
9:42 pm
tom and cynthia, thank you so much for coming to bbc money clinic. do you feel you got some good ideas? yes, i feel happier and i think my mind has now been opened up on possibilities that come with a wedding. you said that you feel quite insecure in your situation. do you feel happier now? yes, i feel happier. that is a great result. i am very pleased for you. might i be getting an invitation to the wedding? yeah, sure, when it comes. excellent. well, i will look forward to it. lovely. best of luck in the meantime and we wish you well for sure. thank you. 0k, well, so tom and cynthia have learned a lot about one another, had a really nice conversation and are feeling better, more confident about their future together. of course, it's worth remembering that everybody‘s situation is different, so options that may suit some people may
9:43 pm
not suit others. we are in nairobi. many here have to work severaljobs to get by. it's known as having a side hustle. we are finding that that pressure is putting a strain on people's personal relationships as well as their finances. in kenya, average live expectancy has been increasing rapidly. in a little over a decade, it has gone from 55 years to 67. but many people are not sufficiently prepared for old age, and children are having to support their parents for longer. 26—year—old faith and 29—year—old emanuel both work in business and have been married forjust over a year. after a big wedding, they are struggling to get on top of their finances. this is lorraine's.
9:44 pm
our parents, they are not employed. so every detail that they need is a call. you work hard. i worked to support our familyjust because from my mother, my dad... they have monthly expenses. they have to go to the hospital twice every month. my mother, she sacrificed so much, i cannot afford to say no to her. so that is why sometimes i will go ahead to make decisions without bringing in my husband. you should try the berries. we cannot make enough money. we are paying alone. it is like having two
9:45 pm
responsibilities that you cannot afford. sometimes it has been difficult. will you check on the rice? sometimes you work so hard that you do not even understand where the money is going up because the bills are too high. you get the money and that has to go to my parents. better. we shop for a month, we cannot afford to shop for every other day. we have to be very careful when we buy. is it necessary or is it not? the guidance i am looking for from the money clinic is a way to balance between supporting our parents and paying our bills. hello, emanuel, welcome to bbc money clinic. thank you. it's great to have you here. how are you feeling? a little bit tense. a little bit tense? expecting to learn. excellent, well i am sure you will learn. this is the intention.
9:46 pm
i knowjenny is ready for you, so you are free to go in there and enjoy. thank you. thank you so much. 0k, see you soon. when your parents are number one on the list of your financial priorities, i wonder what makes you feel obligated? my mum, she is in her 50s right now, and her income was small—scale farming which does not bring so much to the table. so growing up, to see her sacrifice everything for me, so it should be so selfish of me not to take as a responsibility to take care of her. i wish every daughter would feel that way about their mother. i'm reminded of a young man that was very creative in the manner in which he supported his parents.
9:47 pm
and he said, you know, this every month giving money is a big burden, and so he chose to give a lump sum in terms of a project. and they milk the cow, they sold the milk and they were able to have money for their daily needs. what opportunities could you give your parents in terms of earning from their labour in their home? for me, you have said that and something just came to my head. my mum loves the business. anything she puts her hands on, she will do it with all her heart. it is making so much sense that i should actually try and find something i can set up for her, something she can work on that
9:48 pm
would be a simple way of sustaining her life right now. i can already see the smile on your mum's face. yeah. she is very young. 50. oh, i'm 60! sorry. you say sorry! so i think give your mother the opportunity to thrive in her season. true. now that faith is feeling happier about her mum, canjenny work her magic on emanuel and an outstanding loan? is the loan for a house mortgage orfor a car? it is actually for a business. once i got married because the business was far from nairobi,
9:49 pm
and she was in nairbobi, i had to make a choice. and we tried, and at some point, it became really difficult. emanuel, as you talk about this business, i just get the sense that it is a project that has failed. and is not redeemable. that is why i am getting from you. you have no energy even talking about this. i will challenge you with this question. is this business worth having? not really. so what is so difficult aboutjust cutting your losses and running? because this business continues to take your money, but you feel that it is going to be an evil thing to let go, because it will be a sign of failure.
9:50 pm
just like afraid... a failure of a business is not a failure of emanuel. faith, can you just tell him that? he is the wisest man i know. he always has business ideas, and if this fails, he will wake up, he will rise up and build something else. great. thank you for helping me tell him to let it go. let it go, let it go, let it go. so, emanuel, faith, thank you much so for coming. well, gosh, how was that? amazing. there were some serious revelations there. emanuel, you had some very hard words about your business, but you said it was like hearing your own thoughts in your head? that is true.
9:51 pm
are you ready to let it go? and not feel like a failure? yes, i think that is the point. you've got certainly some serious thinking to do anyway about your business. and, faith, you came here to find out how to say no to your mum, such a difficult thing for you to do. butjenny has some other ideas? yeah, i mean, i'm going to do it the easy is whether giving her something she can do to have a sustainable income for herself, and that is why i needed. yeah, the look on your face, it was a light bulb moment. it was an eye—opener for me. i am so glad it came. excellent. pleased to hear it. thank you. so two very happy people have come to the bbc money clinic. of course, everybody‘s circumstances are different,
9:52 pm
and choices that may work for some may not work for others. the couples came in quite nervous and they left beaming. like a weight had been lifted off their shoulders. you could see it. all i did was remind them a nonjudgmental environment where they were able to share and find their own solutions, did you see that? they really did the work themselves. they did the work themselves, ijust asked the hard questions. that is what i am taking home, really, there is nothing too difficult to overcome. you just need to talk about it. what would be your one top tip? have a goal together with your significant other. if you are not aligned, you will always have challenges. be authentic and align your goals. when you do that, you will live right. that is it from the bbc money clinic in nairobi. hello, thanks for joining
9:53 pm
hello, thanks forjoining me. time for a look at the weather for the week ahead. it looks like it will stay hot across the south, at least for a time. stay hot across the south, at least fora time. on stay hot across the south, at least for a time. on friday, we saw the peak of this current hospital, 33.2 degrees in the kew gardens in london. in contrast, western scotla nd london. in contrast, western scotland a lot fresher, temperatures not hired a 16 degrees with a breeze off the atlantic, cloud and a few spots of rain. how about the week in headline, then? lots of fine weather across the uk, plenty of a sunny spells around a warming hop across the south and southeast. he remains
9:54 pm
very hot across europe with clear skies. more sunshine and there are the clear skies across the continent. spain and portugal here, in the south and southwest could see temperatures on a saturday approaching 47 degrees. so some incredible heat their across southwestern europe. here in the uk, on saturday, the weather looking fine as promised with lots of sun. a little rain forecast for the western isles and it still 15 for stornoway, and loaded a shade cooler on saturday at 29, if you can call it that. for most, around the low or mid 20s. a beautiful saturday evening on the way, with clear, starry skies later in the night. now is sunday, and the azores high, the azores are here and this is the uk and build further southwards with this area of low pressure starting to approach. we have a high pressure with the clear skies and the low pressures of the air is rising and
9:55 pm
creating cloud and rain. you will see a weather front approaching northwestern parts of the uk. so very much part of a northwest and south split. hot across eastern whales and cooler in northern ireland. that low—pressure nudges in more on monday but i had of it, we will see some very warm weather. this will be the dominating feature of our weather across more northern parts of the uk. so the atlantic, qi when the keeps pushing fresh weather into as far south as northern england and the key is deflected into europe but still affecting the extreme south and east. so actually, it does look like my nap temperatures could pick up ahead of these weather fronts with air swimming ina these weather fronts with air swimming in a little bit more from the south. so it looks like imagers will once again approached 30 or more in london, temporarily a rest there but for many of us in the north, the high teens or the low 20s with a few spots of rain in the forecast. then on tuesday, you can see atlantic winds blowing in across this suede of the country here so
9:56 pm
western wales, northern england would public by the a few showers here but that southeastern corner still with a wind off the continent in france where it is hot, so temperatures up to 30 in london and norwich. that is pretty much it didn't for the time being. see the heat wave here, got a way there in this schematic shows cooler air pushing in all the atlantic port wednesday, thursday and friday. so that weather map is later in the week. see the city forecast, hout temperatures drop dramatically in the capital, and the north will be typically around 17 or 18. then he for a time typically around 17 or 18. then he fora time and typically around 17 or 18. then he for a time and cooler weather on the weight form around about wednesday onwards fort the southern uk and even a little bit of rain and sun around as well. that is it for me, bye— bye. tonight at ten, theresa may goes to france to sell her brexit plans, as the governor of the bank of england, warns of the risk of a no—deal brexit. she's holding talks with emmanuel macron,
9:57 pm
as mark carney tells the bbc preparations must be made for no agreement with the eu. the possibility of a no deal is uncomfortably high at this point. brexiteers say the comments are project fear all over again. we'll be live in france. also tonight... zimbabwe's new president calls for peace and unity, as riot police try to break up an opposition press conference. so what now for the country? the sister of a young midwife who's been missing for a week, makes a heartfelt plea. she's my best friend and partner in crime.
44 Views
IN COLLECTIONS
BBC News Television Archive Television Archive News Search ServiceUploaded by TV Archive on