How to create Savings Goals and follow through on them
Saving money is one of the most basic money tips you’ll ever get, but many of us don’t know where to start – especially when you don’t have much left over after you’ve paid all your monthly bills.
Setting a saving goal is a great way to give yourself direction, focus and remain motivated. Goals also help you track your progress, overcome procrastination and hold you accountable – even on…
5 Important Questions to Ask Yourself About Money
Unless you’re living somewhere very far removed and off the grid, money affects all of us every day of our lives. We need it to pay our rent or bond, buy essentials such as food and electricity, pay for petrol or transport – the list goes on! That’s not taking into consideration the things we may rather want to be spending our money on.
Reaching your money goals means taking the time to…
Dealing with Financial Stress? Here’s How to Cope
Debt, work, marriage, children – these can be some of life’s biggest stressors, especially when it comes to finances. If you’re feeling stressed, you aren’t alone! At some point in life, almost everyone worries about money. Whether it’s money owed due to debt, or worrying about how you will manage in the future (for your child’s university education, or your retirement), it’s a part of l…
Financial Goals for the Decades: Your 20's, 30's, 40's, 50's and 60's
Every decade of your life brings fresh challenges, and as your experience, education, and expertise increases over the years of working, so too should your income. As such, the financial goals of your 20's, when you’re finishing up your studies and getting your career established, are substantially different to those of your 30's and so on and so forth throughout the decades.
Five Ways to Protect Yourself from Fraud
In today’s highly digitized age, we have become directly exposed to fraud on a daily basis, be it through spam emails, unsolicited telemarketing phone calls, and fake online ads or posts from strangers on your social media pages. With so much of our lives being accessible via the internet, now more than ever, it’s important to protect yourself, your identity, and your wealth from fraudst…
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…