Tag - debt management

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 [...]

Financial Independence

Financial independence: the act of creating and maintaining a sustainable living Entrepreneurship I remember when I decided to dive into entrepreneurship. I left a full time job for no guarantee of a pay cheque. What was I thinking? After sharing with a couple of people of my move, I heard the following: Make sure you have contingencies in place (didn’t have any) Are you sure about doing this in this current economy? (no time like the present I thought to myself) From a little girl growing [...]

Financial Independence

Financial independence: the act of creating and maintaining a sustainable living Entrepreneurship I remember when I decided to dive into entrepreneurship. I left a full time job for no guarantee of a pay cheque. What was I thinking? After sharing with a couple of people of my move, I heard the following: Make sure you have contingencies in place (didn’t have any) Are you sure about doing this in this current economy? (no time like the present I thought to myself) From a little girl growing [...]

When paying off debt early is a bad idea

Living a debt free life sometimes feels like a fantasy, an ideal life that anyone would want to achieve. So paying off debt as early as humanly possible seems like it makes sense right? The hard truth is that it’s not that simple. Here are a number of scenarios when paying off debt early doesn’t make sense: Scenario 1: Savings, what savings? If you don’t have any savings, paying down debt prematurely should probably not be your first priority. Savings are your cushion against the [...]

Debt Be Gone!

Are you in need of simple debt management strategies and smarter ways of repaying your debts? Are you ready to alter to your spending habits to clear your debts? Today, I will show you how this can be done. But first let us discover the meaning of the word debt. Debt is money owed by you to be repaid to an individual, lending or financial institution who lent you the money. A debtor is an individual who owes the money borrowed, and a [...]

Debt Be Gone!

Are you in need of simple debt management strategies and smarter ways of repaying your debts? Are you ready to alter to your spending habits to clear your debts? Today, I will show you how this can be done. But first let us discover the meaning of the word debt. Debt is money owed by you to be repaid to an individual, lending or financial institution who lent you the money. A debtor is an individual who owes the money borrowed, and a [...]

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