The Four Pillars of Financial Literacy and Why They’re Important
To many, the world of finance is incredibly intimidating; filled with complex terms and concepts not intended to be understood by mere mortals. This, thankfully, is a misconception. Financial literacy is well within the reach of anyone of any level of education.
What is financial literacy?
Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt,…
The Pros and Cons of Personal Loans, Short-Term Loans and Credit Card Overdrafts
Need quick access to cash? You have several options available to you, but each comes with pros and cons that are important to understand before signing yourself up for them. Here’s a summary of the advantages and disadvantages of personal loans, short-term loans and credit card overdrafts. In addition to this resource, be sure to read the fine print on any loan you might take out so that…
7 Common Money Myths
Why do we buy cars we cannot afford? Why do we keep abusing credit cards? Why do we spend rather than save for retirement? Why do we keep making the same money mistakes?
The answer to these questions is most likely because our belief systems and attitudes towards money are deeply flawed. Here are seven common money myths that could be hampering your journey to financial independence and…
What your Parents never taught you about Managing Money
During childhood, we rely on our parents to teach us everything we need to know to become adults – but many of us enter adulthood without a good understanding of how to manage one of the most important aspects of modern life; our own finances. Many young people have never been taught how to budget, invest money, manage debt or plan for retirement. Below are a few basic concepts which wil…
Smart Steps to Pay Off your Debt
Making a committed decision to get out of debt is tough. Coming up with the money to pay your debt off is even harder, especially if you’ve been living beyond your means. If you want to get out of debt, you have to earn enough money to survive and enough money to pay your debt. Focus on improving your personal finances, buying only what you can afford and cutting out unnecessary expenses…
Fun holiday activities that won't cost you an arm and a leg
With school holidays just around the corner, many parents are wondering how to entertain their kids - especially if you working full-time. The trick to fun school holidays is to keep your kids busy enough without exhausting them! We’ve found some super fun activities that won’t cost you an arm and a leg. There’s everything from the adventure seekers to arts and craft fanatics. Tip: Set u…
Peers and Money - how to handle it
With the rise of social media and influencers, we live in a world where most of us feel the need to keep up with our peers. We’ve all been in a situation where we did something we would not normally do, by allowing other people to influence us to the point that we made decisions based on their values, instead of our own. Wanting to feel part of something or be accepted by your circle of…
10 Common Finance Terms Everyone Needs to Know
Does financial jargon like inflation or ROI confuse you? Don't worry, we know it can be intimidating. Mastering your financial vocabulary will help you take the first step towards financial independence. We’ve put together a list of must-know terms to help you along the way.
Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Sin…