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All the latest news and tips on how to manage your money

How to change your money mindset

Want to know what makes one person successful with money and another give up? It’s simple: It’s their money mindset.   What you believe about money, yourself and the world shapes how your life will unfold. Every single day you have the power to make decisions that...

How to create Wealth

"How can I build wealth?"   I hear this question (or some variation of it) a lot. And while I'm happy to provide answers and advice, there's something I've noticed about most people who ask this question.   They don't take action on the answers. They don't follow the...

Should you buy or lease your next car?

The choice between buying and leasing has often been a tough call. On one hand, buying involves higher monthly costs, but you own something in the end. On the other, a lease has lower monthly payments, but you get into a cycle where you never stop paying for a...

The 50/30/20 Budget rule made simple

Do you shudder at the word budget. Rightly so. For years, budgeting has been painted as a challenging task. However, nothing could be further from the truth. A budget is simply a plan for how you will use your money. There are many budgets out there that can work for...

Are your money beliefs keeping you broke?

Do you ever wonder why some people seem to effortlessly attract wealth and success into their lives? And for you it may seem that you never seem to get a break and life always feels like a struggle?    Deep down, you know that you’re just as good as your wealthy,...

Simple Ways to Increase Your Net Worth

Net worth is an oft-misunderstood term.   I’m talking about your wealth generating Net Worth.  Not the ridiculous Net Worth calculation done by banks to lend you money. And lull you into thinking your financial well-being and future is all hunky dory and based of...

Do you want to be, wealthy or rich?

Have you ever thought about the difference between being rich and wealthy. Is there a difference? If so, what is it? And how do we become wealthy? There some interesting findings in the Charles Schwab survey about what being rich meant for people. Spending time with...

How to Build a Rainy Day Budget

Many people know the importance of building an emergency fund, but few are able to do so successfully. Just over half (52%) of South Africans say they are saving for an emergency, while only 19% would be able to survive for three months if they were to lose their...

Saving for your children’s education

Do you feel overwhelmed at the thought of how you will finance your children’s education? You are not alone. Most people want to empower their children by giving them the best possible education. But they don’t know where to begin when it comes to saving for...

How much do I need to retire?

How much is enough to save for a comfortable retirement?   The answer varies by individual. And it depends on your income now and the lifestyle you want in retirement.   No matter where you are in your money journey you want to start building on your retirement fund....

Credit Myths that Cost You Money

Credit scores are confusing. You can pay off your student loans and see your credit score drop. You can add significant credit card debt and see your score soar. It's no wonder there are so many misconceptions about how to build or improve credit.   Many of these...

Let’s Talk Finances

Everyone knows there are certain subjects you just don’t bring up in conversation, whether it’s religion, politics, or marital conflicts. But if there’s one thing people can agree on, it’s that money is the most taboo topic of all. Asking about salary or diving into...

How to handle your finances while unemployed

Losing your job is an overwhelming experience. You have to deal with the emotional and psychological fallout of being let go. And you also have figure out how to survive financially until you land a new job.   National Treasury director general Dondo Mogajane said the...

How Working From Home Affects Your Budget

Working from home isn’t simply a trend, it’s a whole new way of life. With more people working from home due to the COVID-19 pandemic, flexible work policies are more than likely going to be more permanently accepted by companies nationwide.   As employers see the...

Get Your Financial Life Together

Managing your money is a challenge. At some point, most of us have struggled with debt, and getting on track financially means taking control. When you feel in control of your money, it’s a lot easier to make smart financial decisions. This is easier said than done....

Tips for Budgeting and Saving Money

We all have good intentions when it comes to saving money, right? We tell ourselves we’ll start saving once we reach a certain milestone. Like when we hit a specific age, get a raise, or when Johnny (finally) moves out.   But in reality, you’ll only start saving...

What to do If You Have No Savings

I get a lot of emails from readers saying "I struggle to save, what can I do?" Do you find yourself in the same boat? Do you start to save and then something will come up in the month and you have to use your savings? And now you have to start all over again   This...

Tips to Lower Your Cell Phone Bill

In the past couple of years, smartphones have become a major expense for most South African households. Many of us not only want the latest and greatest gadget, but also enough data and talk time to keep in contact with our friends and family.   If you use your phone...

How to Build Credit — The Debt-Free Way

I made the decision that I no longer wanted debt to be a part of my life. Living a debt free life doesn't mean that I don't know the importance of having a good credit score.   Can you sustain or build a good credit score without debt?   Misconceptions abound when it...

Side hustle: Extra income ideas

Money. Who couldn’t use a little bit more of it? Whether you’re saving for a down payment on your own home, planning a wedding, or trying to pay off debt. Or putting some money aside for a rainy day, a little bit of extra cash can go a long way.   Your day job might...

Reasons to start a Side Hustle

Is your dwindling bank account giving you a lot of stress? Do you have so many financial responsibilities and not enough money to sort them out? Is your day job not earning you enough money? Have you been thinking of ways to earn an extra income? All great reasons to...

Tips on How to survive a Pay Cut

With the out-break of Covid-19 the economy has taken a hard knock. With the majority of businesses closed, many people may be forced to take a pay cut. or they could be facing job loss.   When you know your paycheck is decreasing, you need to take immediate steps so...

How to Budget When You Are a Spender

Have you ever heard the saying "money is burning a hole in my pocket"? Basically when you have money you gotta rush out and spend it. Does that sound like you? "Born to spend."   If you want to change your financial habits—say cut back on impulsive purchases and save...

Ways to save on your Grocery Bill

These days, it feels like every trip to the grocery store costs us more. If you’re looking at ways to save on your grocery bill, these tips will help. Believe it or not, some thirty years ago it was possible to do a monthly grocery shop for less than R100. These days...

Renting versus buying a house

When it comes to renting versus buying a house, there is always a debate about which makes the most financial sense. Both sides have valid points, so it can be a bit confusing   There are pros and cons to renting versus buying a house. Both options have their own...

How to stop living paycheck to paycheck

"Every month by the middle of the money I'm broke." Payday is cool, but it’s disheartening to look at your bank account only to see you’re in the same place you were two weeks ago. Living from one paycheck to the next makes peace of mind an elusive goal. A lot of...

Teach your kids how to manage money

If you don’t teach your kids how to manage money, somebody else will. And that’s not a risk you want to take! We’ll show you how to give your kids the head start you wish you had and set them up to win with money at any age. Given how important financial skills are to...

Money and Marriage Tips

Are you arguing with your spouse about money? You’re not alone. When you put together couples and money, you’re bound to get a few spats. Did you know money is the number one issue married couples fight about? When it comes to marital problems, money fights are the...

What to do when you’re broke

  Do you seem to never have any money at the end of the month and always ask yourself, "why am I broke?" No one likes being broke. And it’s stressful, uncomfortable, and counterproductive to achieving your financial goals. I know what it feels like. I spent most...

How to get everything you want

Have you ever felt like you are working hard, yet not achieving your goals? Maybe when you reflect over the past 10 years, you see little improvement in your life. The fact is, many people spend their lives drifting from one year to the next, accomplishing very...

Set yourself up for success in 2020

Can you believe it, we are almost at the end of a decade? In thirteen days we will be counting down into the New Year. If you look back over the past year did you accomplish everything you set out to do?   Now unless you are Barry Allen, aka The Flash you can't go...

Control Your Holiday Spending

You popped into the shop on your way home, as you walk in you are greeted by a holiday song. Yes its that time of the year. 13 days to Christmas. What with the holiday spirit and all the specials you may be finding it difficult to Control Your Holiday Spending.   Does...

How to avoid debt this holiday season

For some this is a wonderful time of the year. But all the gift-giving, and entertainment associated with the holidays can also bury some in debt.   Have you made it your goal to stay out of debt this holiday season? Or are you already calling your credit card...

Avoid overspending on Black Friday

The holiday season is nearly upon us. Which means you can expect to be bombarded by advertisements. Black Friday is no different.   Holiday shopping is stressful — fighting crowds. Picking the right gifts and finding good deals can be exhausting.   But for many, the...

How to Handle Money

  How do you handle your money more intelligently, so you can have more, give more and get the life that you want?   Here are some things you can do to start managing your money now.   Revisit your belief When I say "Rich people" what does that bring up for you?...

How do I make more money?

  I get emails all the time asking "Carrie-Anne, how do I make more money?"   So what do you do when you don't have money?   I get it. I’ve been through that challenge and struggle. There were days when I was not sure where I was going to get the money just to...

How Successful People Think

Have you ever wondered what makes you different from successful people? Do you want to know how successful people think?   There is a huge difference in the way successful and unsuccessful people think. Success itself is not a great mystery that people haven't figured...

Are your money beliefs holding you back?

  Are your money beliefs holding you back? Almost everyone is uncomfortable talking about money. People have trouble talking about money without eliciting extreme human emotions. Guilt. Anger. Frustration. Joy. Happiness. Freedom. It's sometimes easier for people...

How to lower your monthly bills

One of the biggest challenges in personal finance is figuring out how to lower your monthly bills. And one of the best ways to do that is to cut down on your monthly expenses. Some of our regular bills might seem small on their own, their cumulative effect can be...

Steps to recover from Financial Disaster

STOP! Take a look around you. The debt. The stress. The mess. The fear. The hopelessness.   Own it. This is your life right now.   The choices that you’ve made up to this very moment have created this. I know what that feels like because I was you. I wasted money and...

Steps to avoid a Personal Financial Crisis

A personal financial crisis can come from many things. A lost job, a divorce, bankruptcy, a sudden medical emergency. Or any situation in which your financial security crumbles beneath you. Regardless of the cause, the consequences are often similar. Emotional stress,...

Is your self esteem keeping you broke?

Is your self esteem keeping you broke?. If you don't believe you are worth a lot then your bank account balance will reflect that.   Is your opinion of yourself is wrapped up in what you have or don’t have? Many of us use money as a sense of validation. And money can...

How to pay off your student loans early

So how do you pay off your student loans early? It is very common to graduate with student loans. Many people carry the student loan debt with them, even when they do not have any other debt. But that student loan debt may be hurting you.   How will you feel when you...

How to pay off your Credit Card Debt fast

Remember getting your first credit card? Super excited as you open the envelop and think about all the things you can now get. Looking at the balance on your statement, doesn’t look so great now - right? What would your life look like if you didn’t have any credit...

Quick Ways to improve Your Finances

  With so many demands on our time, I'm sure you want Quick Ways to improve Your Finances.. We all know demands on our time is one of the biggest challenge to achieving our money goals. Set aside a few minutes to complete these small tasks that can lead to big...

Reasons Why You Need an Emergency Fund

If you can't think reasons why you need an emergency fund, think again. No matter how prepared you are, life has a way of throwing curve balls that you never expect.   When they are things we like, we call them serendipitous, surprises, gifts…   When they are things...

Are you ready for a Money Saving Challenge?

Have you ever done a money saving challenge before?   They are pretty fun. Don’t stress.   Alright, I am just going to say it. Saving money is VERY difficult when you are on a low, fixed income. And then…the bills…   Don’t get me started on the bills.   And life.  ...

How to stop spending Money

Have you ever started off the month with the best of intentions to save money? Buying only what you need, steering clear of the sales displays, and trying to watch your spending? And then, despite your best efforts, it seems to happen. Before you know it, you've spent...

Time to Organize Your Financial Clutter

Clearing clutter out of your home can make you more organized and can simplify your life. Clearing away any unnecessary items can also help you find happiness. The same concept goes for your finances. By clearing out financial clutter, you can decrease financial...

Creating a Plan to pay off Debt

Creating a plan to pay off debt doesn’t have to be too complicated. It’s a matter of sitting down and focusing. It takes less time than you might think. What could you do if you didn’t have a single debt payment in the world? That’s right—no student loans, car...

Budget your way to Financial Freedom

  Most people want Financial Freedom, but what do we need to do to get there?  If you’re like most people, the word “budget” makes you cringe a little, But there’s no need to fear! A budget is actually a good thing—it frees up your money so you can do more with...

Money-Saving Challenges to Kick Start 2019

The start of a new year always feels like the time to re-examine our goals and create new ones. It’s a common time to get your finances in order. Saving challenges are popular for helping you get creative with saving. Sometime, there is hesitation to join them out of...

Making a Holiday Budget

The holidays can be a lot of fun and they can be very stressful. It is the season of giving, which often means it is also the season of spending. One of the best things you can do to help make the holidays a lot less stressful is to create and stick to a holiday...

Simple Ways to Beat Impulse Shopping

Impulse buy, we’ve all done it! We go to the store for one or two inexpensive items and end up throwing a few extra things into the trolley. They look appealing or seem to a great deal. These impulse buys can drive up the amount you pay at checkout. And we often kick...

How to pay off your Home loan faster!

Sick of making home loan payments? They can be a huge drain on your budget, especially if your bond is eating up a large part of your income. Not to mention all the interest you're paying on the loan over 20 years. A home loan is one of the cheapest ways to borrow...

How to take control of your money

  It’s interesting that most people think about money all the time and don’t know much about how it works. Let’s think about it for a moment… You trade your labor (mental, emotional, or physical) for money. And then you take that money and you trade it for the...

Are you feeling the Pinch?

  If you want to go with the flow, live in the moment, wind in your hair kind of life, you need a forward thinking prepared for anything kind of plan. The news is out – South Africa is in a technical recession meaning you could be getting a lot less bang for your...

What to Do When You Have Too Many Bills

An expense here, a new credit card there. Repeat the process a few times and the next thing you know you have a stack of bills to pay every month. Having too many bills is a situation that's ripe for financial ruin. If you don’t change something soon, your money...

Is your Credit Score important?

  Can you prove that you know what you’re doing and can be trusted with money? Your credit score tells people how much you owe and whether you are over extended. It tells them whether you are a good payer of your debts and whether you pay on time and the right...

Will you start managing your money today?

  I don’t know about you, but when I was growing up, I was not taught how to manage money at school.  I never learned how to, invest money to make more money.  How to budget and manage my money in order to have a balanced lifestyle,  or how to spend money wisely...

Should I or shouldn’t I borrow money?

  Anytime you borrow money, finance a purchase, or take out a loan, you should carefully consider if it is the right decision for you. Borrowing money means that you are committing to pay the money back within a certain time frame and at a certain interest rate....

How to get out of debt

“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.There also...

Tips to spending your money wisely

  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....

Things to Do Before You Budget

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...

Ways to Make Your Money Work for You

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. For you to reach true financial...

Let’s get your money on the right track

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...

Tips on how to save money in 2018

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...

TIPS TO SAVE ON HOLIDAY SPENDING

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...

TIPS FOR EFFECTIVE CASH FLOW MANAGEMENT

<   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...

Do you have too much Debt?

  Do you want to have a new car, a new home, luxury vacations, a great wardrobe, a big screen TV and maybe some nice toys or expensive jewelry? Who doesn't? There's nothing wrong with having these things as long as you can afford them. But what if you want them...

Steps towards financial freedom in 2016

  With imminent interest rate hikes and the rising cost of living, 2016 is expected to be a difficult year for many consumers financially if they don’t currently have a system in place. Regardless of whether someone is earning R5 000 a month or R5 million, it is...

How Incredibly Successful People THINK

How Incredibly Successful People THINK

When you have a dream do you think like successful people? They take their current limitation and make it their job to learn the skills needed to achieve their dream.  Next time you have a BIG dream don't think about "I don't know...

How to conquer your Debt

Dear Reader, When it comes to financial fears, debt is the ultimate four letter word. Whether you have credit card debt, or student loan debt, or want to buy a home or a car that you will finance, you’re dealing with debt. Or more to the point, it’s probably throwing...

Where to find money to save

  Dear Reader, How many times have you said “I really should start saving” and come month-end there is always something “more important” to spend the money on?  December is a time when people tend to over spend and get into debt. Come January you are more broke...

How to manage your debt

The best rule of thumb for managing debt is an easy one: Don’t spend more than you earn. It sounds simple. But considering the multitude of options out there — from credit cards to personal loans — it's also possible to lose track of how much you owe and to whom. It...

5 Reasons why you won’t become wealthy

Most people earn and spend a fortune in the course of their working lifetime, why is it that the majority end up dependents of their relatives and pensions when they retire? In a survey done by averagesalarysurvey.com, a person can earn an R 79,195 annual salary.  If...

Where to Invest?

Dear Reader, Well done in establishing your financial goals and more importantly your time horizons.  Prioritising your goals and working with your disposable income, will guide you on how to invest. The terms broken down below will point you in the right direction....

Smart ways to save

Dear Reader, Whether you’re saving for lobola, building your emergency fund or putting money away until you decide what to do with it, these tips can help you grow your savings pile. In a survey conducted by Capitec Bank 51% said that debt is their biggest worry,...

Reasons why you don’t have money

Two hundred and fifty million people in the wealthiest country on the planet are barely making it. I am not talking about the people on food stamps or unemployment; I am talking about people making an average annual salary. Consider that almost 75 percent of all South...

Spring Clean your Finances

Dear Reader, Spring, with new life popping up everywhere, is the source of many an impulse to start afresh. Before you rush out to wine, dine and book tickets and accommodation, remember that most people spend more money between November and February than they do in...

Spring has Sprung!

  Dear Reader, “Spring has sprung, the grass is ris, I wonder where the flowers is“. So said EE Cummings.   Well, whilst the grass is ris and flowers are blooming all over the countryside and in our gardens, has Spring really sprung? The first day of September is...

What is financial planning?

  Dear Reader, Ever experienced more month than salary? Well that’s called budgeting and not Financial Planning! Financial Planning in our current world is changing faster than the speed of lighting! Today people are realising that the power of saving using ‘the...

Setting Your Financial Goals

  Dear Reader, If you have a lump sum of money to invest or have budgeted to start a monthly debit order read this before you go any further. Before you launch into buying that unit trust you heard someone talking about at that dinner party. Stop. Did you know...

5 Strategies to grow a successful business

  Dear Reader, Like many business owners, I wasn't born to be an entrepreneur, I never planned on running a business, and I most assuredly had no experience in successfully growing one.  However, over the course of my over 15 years of business ownership, I have...

Next step to starting a business: Launch your business!

  Dear Reader, Sixty percent of new businesses fail within the first three years, according to Victor Green, a serial entrepreneur and author of How to Succeed in Business by Really Trying. "Too often people rush into business without carefully checking out their...

Marketing for your #Startup: Step 1.

  Dear Reader, Here’s my take on marketing – pure and simple… BUILD IT FOR “THEM” AND “THEY” WILL COME!  So you’ve got a great idea for a #Startup right?  Fantastic!  My first question would be? What value or difference will your product or service add to the...

Next step to starting a business – A Business Plan

  Dear Reader,  “Our goals can only be reached through the vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success” – Pablo Picasso Do you know where your business is heading? The next step...

Thinking of starting your own business?

  Dear Reader, If you want to start a business but don't know where to start, don't worry--you are not alone. You already know that launching a company can be an intimidating process requiring tons of hard work. Maybe you're just unhappy with your current...

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