“Spend less than you earn and stay away from consumer debt”.
Whilst this is something we all need to learn and apply, when you find yourself in a big hole of consumer debt it is about as useful as being told to “mind the hole” after you have fallen into it. (more…)
For many people, financial struggles are due to not bringing in enough money. For many others, it comes from not wisely spending the money that they have.
We are going to look at ways to better handle the money you earn, in order to reach your financial goals. (more…)
One of the keys to successful budgeting is giving your budget a real purpose. If you sit down before you begin your budget to make a list of your financial priorities and goals, you will likely be more successful.
Keeping your financial priorities in mind also helps you shape your budget to match your financial goals. After you set up your budget you should analyze your budget to make sure it will help you reach those goals. (more…)
One of the biggest differences between the wealthy and the less wealthy is that wealthy people earn interest and everyone else pays interest. It is important to realize that money is a tool that can help you to achieve your goals. (more…)
Taking control of your finances doesn’t have to be scary. With a little help you can spend smarter, earn more, and build a more secure future every day.
Getting out of debt isn’t easy for anyone, but it’s an even tougher feat for someone who doesn’t have much money to spare. You can pay off debt when you’re broke, but not without making some financial changes first. (more…)
Save? Spend? Or both? The desire to prepare for the future and save versus the impulse to live for the present and enjoy earnings now. People know that there are no guarantees for tomorrow. But they also don’t want to live out their retirement years with limited choices, or none at all. (more…)
As the year starts, we hear plenty advice about how we should be in control of our finances and invest money. But how do you start to invest in a tight economic environment such as ours?
Most South Africans are behind in saving for retirement. Few have little money set aside for emergencies. Whether you’re one of those South Africans with R0 in the bank, or you have a little nest egg, you probably could to save a little more. (more…)
Forget January—where do you see yourself next December? Resolutions fizzle out, but a year-long financial plan can have a longer payoff.
Fitness resolutions usually top the list, but personal finances come in second. Money resolutions can run from starting or sticking to a budget to saving for a long-term goal. Most of need people to stick with a new behavior, and that can be more challenging than a vow to lose 10 pounds.
Not sure where to start on making a New Year’s resolution? (more…)
The holidays require a lot of planning, from wish lists, to shopping lists, baking lists, and more. But the very first thing you need to do is decide up front how much money you can afford to spend on the holidays this year. Let’s take a moment to consider some creative ways to curb your holiday spending and make the entire holiday season less stressful for you and your family. Unplanned purchases and impulse buys during the holidays aren’t always bad, as long as you keep your budget in check and try to save extras for last. But many people shop without a plan, making them vulnerable to holiday deals and sale signs that could get the best of them.
When you shop this season, follow these tips to avoid going overboard on holiday spending. (more…)
For Entrepreneurs struggling to balance the books it would be wise to set regular forecasts, invoice quickly and make it easy to pay.
Cash flow is the most important thing to the financial health of any small business. Making sure you have the right amount of cash flow can make or break a business. (more…)