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The “B” word – The First step to getting your S%#t together Financially!

Budget People constantly scream from the rafters of social media, that they don’t have any money to save and invest at the end of each month, yet they have never taken the time to draw up a budget. The Liver! Let me point out the very obvious – how is it possible to know with certainty that you don’t have enough money to save, but you have no clue of what your expenses and incomes are? The ex you avoid…

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The Lifestyle adjustment – A trap to avoid!

One of the worst things that you can do, is to get caught up in a lifestyle adjustment – Where your standard of living increases simultaneously with the rise of your income. The trap of earning more to only pay others more. Let me explain. Promotions and raises in income have the tendency to bring about new spending and costs, as most people adjust their lifestyle for the better. Financial institutions will increase your credit limit and give you a…

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Harnessing the co-operative power of Stokvels as millennials!

When some young people hear the words “stokvel”, they immediately start thinking of an outdated system used by our grannies to buy groceries, raise funds or bury loved ones. Yet young people harness co-operative financial power all the time. Let me explain. I was recently at a club and watched a group of my peers nervously studying their bill. One of them whipped out their phone and started making calculations. It was Algebra at its best. After the imbizo of…

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Financial Literacy Month Should Matter To The Youth, But It Doesn’t

It’s disheartening as a young black South African that my peers know more about Beyonce’s twins than they do about their finances. During Financial Literacy Month last year, I attended the Money Expo 2016. The entrance was free and a large contingent of financial institutions and organisations were exhibiting different products and services. In addition, there was a range of diverse speakers engaging on a variety of financial topics. My mind was stimulated. All that knowledge in one arena. During…

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