Teaching Your Kids About Money Matters
The prospect of teaching your kids about money can seem like a daunting task, especially when you look at your own finances and the steep learning curve it took to get you to where you are. Children aren’t exactly rational creatures; they want what they want, and they want it now. In a world chaotically ruled by the need for instant gratification, how can you instil a rational understand…
Managing Your Money 101
If there’s one thing the modern education could greatly benefit from, it would be the addition of subjects that actually prepare the student for adulthood. Instead, every year, millions of high school students are unleashed upon the “real” world with absolutely no idea what a mortgage is, how taxes work, and why they should start saving for their retirement in their 20’s. If your parents…
Top Five Reasons You Should Have a Last Will and Testament
Life is for living and a part of that philosophy is not wasting time worrying or even thinking about death. However, being responsible and providing proper care for the people we leave behind requires us to confront thoughts of death and think about how we wish to allocate our life’s wealth after we pass on. It might not be comfortable but it’s necessary for many different reasons, which…
Saving and Investing in your Twenties
Why You Should Start Saving Early
Our early twenties is a glorious age. We complete our studies, embark upon our careers, move out of our childhood homes, discover the freedoms we were denied during our teenage years, and indulge in daily doses of instant gratification. It is a time of liberty, opportunity, ambition, and of looking forward to life. But, the very last thing on our minds…
Spending Habits That Can Make Or Break You
It’s the immutable law of finance: if you spend more than you earn, you’ll find yourself in debt. The great thing about this law is that it applies the other way around too: if you spend less than you earn, you’ll dig yourself out of debt. Simple! And yet, in practice, the spending habits that allow us to build wealth are easier said than done.
Why is this?
Because the obstacle in the…
Want More Money in Your Pocket?
Saving is Easier Than Making More Money.
We’re all in some way caught up in the pursuit of money. Buying that espresso machine you’ve been salivating over for the past few months, sending your kids to school, going on a much-needed holiday, affording an operation to resolve a medical issue, updating your wardrobe, buying a house... meeting all of our wants and needs in l…
The Healthy Saving Habits of Financially Smart People
"I think the biggest mistake is not learning the habits of saving properly early, because saving is a habit. Pay attention to money habits and work to strengthen those that help your finances, and break those that hurt your finances."
- Warren Buffett, American business magnate, investor, and philanthropist.
Most people will earn well over a million Rand in their lifetime – more likely…
Smart Ways to Budget
The point of budgeting is to be able to afford the things we want and need, while also creating a plan for the future: a nest egg, a home, children, and retirement. However, being smart with your money doesn’t mean you need to deny yourself all the things and experiences you love. Here are a few ways you can budget smarter and still afford to treat yourself.
Decide What Your Priorities…