Budgeting – managing your money


Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you. Following a budget or spending plan will also keep you out of debt or help you work your way out of debt if you are currently in debt.

Budgeting is simply balancing your expenses with your income. If they don’t balance and you spend more than you make, you will have a problem. Many people don’t realize that they spend more than they earn and slowly sink deeper into debt every year.

What you will learn

  1. Why Budget your money:  This is an overview of why it is important to budget
  2. How to set-up a budget: This section is broken up into 6 sections
    1. Set Realistic Goals
    2. Identify your Income and Expenses
    3. Separate needs from wants
    4. Create a budget
    5. Put your plan into action
    6. Reward yourself
  3. How to budget for the cost of living in South Africa: this is a guide of the cost of living in South Africa
  4. Learn how you invest your money
  5. How to manage your debt
    1. Do you have to much debt
    2. How to pay off your debt faster
  6. Savings
    1. Why should you save
    2. How to save
    3. Where to find money to save





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