If you haven’t read Part I, check it out here. Scared Money, Don’t Make Money One of the mistakes people make is that they don’t want to invest in themselves. Instead of making an investment to grow, they strive to do everything themselves in order to save a rand. In fear of spending any money, they take an exorbitant amount of time to do everything themselves. An example is spending years to learn a skill when there are courses and coaches available to help you accelerat

If you’re having a difficult time spending less and saving more, it may take more than sheer will to make that change. Overspending is a widespread problem and one that can seriously wreck your ability to save. When you spend smarter, your money goes further. Read on to discover how you can break bad spending habits and create new, healthy ones. Step 1 -Pinpoint a few bad financial habits. It’s not an easy one, but the first step is to look at your spending and find a few bad

FREE Excel Personal Budget Template – Should you have trouble downloading template email me on humairaamoola@outlook.com for assistance. Budget Spreadsheet Excel – Personal BudgetDownload Your personal finances affect all aspects of your life so lets begin the new year by arranging our finances and creating a solid financial foundation for ourselves. Paying attention to the small details of our financial lives can give us peace of mind and a sense of financial security. The 4

Without a valid will, your assets are distributed according to the law of intestate succession, which might leave your loved ones without access to the funds for months or even years. Here’s what you need to know to draft a legal, valid will, either by yourself or with the help of an expert. Here’s how you can draw up your will You can download a will template or write out instructions. (Template included for download) last-will-testamentDownload example-of-a-single-individua

Before we discuss creating your own financial plan, you’ll need to know what a financial plan is. What Is a Financial Plan? It’s the process of setting goals and thinking through the steps it will take you to reach them. Remember: Each person’s financial plan looks different, depending on their short-term and long-term financial goals. With so many self-help books and thousands of new ways to do a budget, it can be . . . overwhelming, to say the least. The great news is that

Since most businesses deal with more than just the owner, there will be more record retention. Also, most business record retention requirements are more stringent. Some records deal with the business, some deal with the customers, some deal with the employees, and some deal with the the South African Revenue Services (SARS). Below are some of the records that businesses need to keep and the suggested amount of time to keep them: Business Tax Returns and supporting records mu

Shout out to the money-minded dads with wise advice. Fathers wear many hats—chauffeur, mentor, protector, provider. And on many occasions, they play the role of financial advisor, too. My father was always trying to instill money management principles into me and my brother. Now whether we took that advice was totally up to us. I realize now that following my father’s advice would have saved me from some financial pitfalls. But hindsight is 20/20, and sometimes it takes falli

Unless you’re on a budget, changing your money habits can be really hard to do. Willpower and determination will only get you so far. The amazing thing about a budget is that it allows you to see how much money you spend, and what you spend it on. When you know how much you spend on EVERYTHING, it allows you to see what you actually WANT to spend money on and make the necessary changes. A budget also helps you see where you’re wasting money. If you don’t make a budget, you wo

Do you have BIG financial goals? I’m sure you do! Do you feel like no matter what you try, you’re not making a dent in your debt? Or after years of working your butt off, you don’t have very much to show for it? Maybe your budget never works out the way you hope. Here’s the thing: If you don’t put a plan behind your finances, it will be incredibly difficult to do well with money. SMART FINANCIAL GOALS Experts recommend that, in order to be most effective, goals should be Spe

Controlling the things that You can control We are going through uncertain and challenging times. In one way or another the Coronavirus pandemic is affecting us all. If you’re reading this because you’ve lost your job or had to take a pay cut or perhaps somebody you care about is going through this, I want you to know that – yes – This is tough BUT it is also temporary. And you know what else? You. Are. Tougher. You will make it through this, and you will be stronger when it