Tag - budget

50 Practical Money Tips for 2016

It’s the new year and we thought it fit to share with you some practical money tips to see you through 2016: Use the envelope system to budget your money. Simply place money into labelled envelopes and stick to using the amount allocated to each envelope. Give yourself a goal to accomplish within a year. Make sure your money goals are SMART. Specific, measurable, attainable, realistic and time-bound. Pay more than the minimum balance due on your credit card. It will reduce your balance [...]

Mind Your Budget

Let’s monitor our budgets very closely this holiday season. Whilst being in the midst of the Christmas hustle and bustle, let’s be mindful of this: Financial leadership You have been paid earlier than your normal pay date. What do you do? Do you spend like there’s no tomorrow? Or do you make a plan? Might I humbly recommend you make a plan? This is not meant to stop you from having your fun this period. After all, it is the season to be [...]

Recovering Financially from The Crop Over Festival

Whether you are a lover of the music and arts, the bands or the food, this blog is for you. We all come from different walks of life, have different tastes and just love to have a good time. There are various events this Crop Over season that will just catch our eye and compel us to go. So we will go. But after the excitement has passed, you will realise you made quite an investment into the festivities.  How do [...]

Setting Up Your Financial Management System

Have you thought of setting up your financial management system? Not sure where to start? Well look no further, because we’ll tell you how you can accomplish this. First, let’s define the term system: A system is a set of processes working cohesively to achieve an objective. In this case, your objective would be manage your money well. Below are a couple components you could implement in your financial management system: A list of financial goals – Before you embark your journey to financial soundness [...]

Setting Up Your Financial Management System

Have you thought of setting up your financial management system? Not sure where to start? Well look no further, because we’ll tell you how you can accomplish this. First, let’s define the term system: A system is a set of processes working cohesively to achieve an objective. In this case, your objective would be manage your money well. Below are a couple components you could implement in your financial management system: A list of financial goals – Before you embark your journey to financial soundness [...]

Five Steps to Creating a Budget for Your Small Business

One aspect of running a successful business is the implementation of a comprehensive financial management system. As a business owner, you need to know how much you are making (revenue) and how much money you are spending (expenses). With the implementation of this system, you will be able to ascertain whether you have made a profit or loss. One of the most beneficial tools you can install into a business’ financial system is a budget.  It is simply a tool [...]

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