1. Set Financial Goals “A goal without a plan is just a wish.” Antoine de Saint-Exupéry 2. Track Your Spending “Every penny saved is a penny earned.” Benjamin Franklin 3. Create and Stick to a Budget “Beware of little expenses; a small leak will sink a great ship.” Benjamin Franklin 4. Save Regularly “Save money […]
Let us break it down for you In today’s complex healthcare landscape, having proper medical coverage is essential for individuals and families alike. Hospital plans and medical aid are two popular options that provide financial support for medical expenses. However, before making an informed decision, it is crucial to understand the differences between these two […]
1. Why am I unable to save money? It is not that you cannot save; the problem is what stories are running through your subconscious mind (background), which we call self-limiting beliefs. So let me explain what we mean. You may have been told that “you are not good enough”, “you are not worthy or deserving […]
Spending is a function of your mindset. The question you should be asking yourself is: Why do you keep spending above and beyond your means (income), knowing very well that it will get you into trouble in the first place? If it has been going on for a year, that is enough time to see […]
Buying your first car is an exciting milestone, but at the same time, it can also be a daunting, exhausting, and confusing experience, particularly when buying a new car, a common issue is the way people pay for it. A car loan can be a serious financial commitment, second to buying a house, so it’s […]
In these uncertain times, it is more important than ever to have insurance cover. Whether you are an individual or a business owner, insurance can provide you with the protection and peace of mind you need. We will discuss what insurance is, how important it is, the types of insurance, filing a claim, and the […]
Dealing with over-indebtedness Debt can create a snowball effect that generates even more debt. When debt repayment pressure becomes too much to handle and you cannot meet all your monthly obligations, you are officially classified as “over-indebted.” Let us take an example: Say you earn R20,000 per month, but your expenses and debt repayments add […]
Financial literacy basically refers to your ability to learn, understand, and apply various financial tools, skills, and decision-making processes in order to make financially wise and quality decisions. You were not born financially smart or dumb; your financial knowledge or ignorance developed over a period of time. So it effectively means that it is a […]
We all agreed that credit cards make purchases and paying your bills easier. Using a credit card is also a good way to boost your credit score. However, failing to properly manage your credit cards can lead to a lot of unnecessary expenses, negative listings, headaches, and stress. If you’re tempted to buy things you […]
“The Richest Man in Babylon” written by George S. Clason is a quick-read thin timeless classic book that has been acclaimed as the greatest of all inspirational works on the subject of financial prudence, financial planning, and generating personal wealth. It was written back in the 1920s however the same theme runs through to today. […]