The holidays sneak up on us faster than the sudden emergency. So it’s important to start planning for them now.
As the holiday season gets underway, fine-tuning your budget may be a top priority. When you have a firm spending plan in place, it becomes easier to avoid the overspending trap. This can lead to racking up debt.
There is a trend for consumers to spend far more on their credit cards over the December period. According to FNB Credit Card, credit card customers spend, 22% more than the rest of the year.
Making a detailed shopping list and checking it twice can help you stick to your budget. But it’s not always foolproof. As you head to the stores here’s what you should be aware of to avoid wasting money during the holidays. (more…)
Habits are the regular tendencies we have that are hard to break. They are the things we do over and over without even thinking about. Our habits shape our lives – both for the good and the bad.
Even if you have the best of intentions, you can still find yourself getting into trouble with your money.
If you’ve been struggling with your finances, take a look at this list to make sure you’re not sabotaging yourself with these bad habits.
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 buck! Yikes!
It has been increasingly harder to make ends meet.
Here are some ways in which you can make sure that you don’t feel the pinch of the recession too much.
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 troubles will only get worse. Exhausting your income each month is one of the spending habits that can lead to debt. Particularly if you’re using your credit cards to fill in gaps. (more…)
Calling yourself a millionaire has such a nice ring to it, or so most of us have imagined to be the case. But what if this wasn’t such a far removed notion? What if saving R1 million was something so doable that you’d kick yourself for not having thought of it sooner? (more…)
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 amounts. (more…)
If you are trying to change your financial picture, you need to track your expenses each month. This allows you to know what you have spent and where. It is important to balance your cheque account and credit cards to the bank statement each month. It is a bit of an extra step, but it allows you to spot problems with your account and it can prevent you from overdrawing.. Learn why you need to take the time to balance your cheque account to your statement each month. (more…)
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 in order to enjoy money.
The single biggest difference between financial success and financial failure is how well you manage your money. Managing your money allows you to eventually create financial freedom so that you never have to work again if you choose not to. (more…)
If you feel stuck in your situation or that you simply cannot get ahead no matter what you do, you need to make some changes to the way that you handle your finances. You need to stop sabotaging your finances and really begin to make changes. These challenges vary in length but can make a big difference in how successful you are in handling your finances over the year. (more…)
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. (more…)