How much money do you really need for Retirement?

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…)

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Tips on how to save money in 2018

Save Money

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…)

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Financial Resolutions You Really Need to Make for the New Year

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…)

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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 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…)

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TIPS FOR EFFECTIVE CASH FLOW MANAGEMENT

<Cash Flow 3

Dear Reader,

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…)

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Tips for women to manage their money better.

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Dear Reader,

Why you need to take control now. More women are now the family breadwinner. Many though still tend to pass the buck on important money matters, such as investing and retirement. (more…)

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Do you have too much Debt?

Colorful stack of credit cards and shopping gift cards. Macro with extremely shallow dof.

Dear Reader,

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 now and you think you can “afford” the payments? That’s the million dollar question – when are you in over your head with too much debt? Even if you can manage your payments, at least for now, you may be heading for trouble. Here are a few ways to tell if you’re close to being maxed out or to being turned down the next time you want to borrow: (more…)

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Pitfalls of short-term business loans.

Person Hand Over Small Business Loan Application Form

Dear Reader,

Picture this: You run a busy clothing store and your only cash register just broke. Or peak season is coming up, and you need to hire extra staff. But you don’t have the cash to fix the register or hire the staff. In both cases, a short-term business loan can help. You get money you need now and, with the profits you make, repay it over a short period of time. (more…)

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DON’T Make Getting your Finances in Order a New Year’s Resolution!

New Year

Dear Reader,

Let’s be honest, New Year’s resolutions are inevitably broken. This is why I plead that your finances don’t fall on the dreaded list. Your personal finances should always get the attention they deserve.

Often with a new year comes changes in life; new job, salary increases or children starting school etc. With these changes, your finances need to be aligned accordingly. The beginning of a new year is therefore probably the most appropriate time to check in and see if you are on track or if any adjustments or implementations need to be made. (more…)

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