Budgeting is a fundamental money management tool that is encouraged in order to structure one’s finances to ensure that we plan for our expenses and savings. If people are not aware of the importance of a budget or do not track their income and expenses, then it is unlikely that they will be able to manage their money effectively to save for their short- and medium-term goals. A budget is a plan that helps you get a picture of how much money you receive every month and where it is spent. It’s … [Read more...] about 5 Tips to budget and save for your short- and medium-term goals
Dhashni Naidoo
How to stretch your Rands and cents in these trying times
The current economic environment coupled with further challenges of income instability that COVID-19 brings requires consumers to cultivate good money management habits, focus on essentials, curb unnecessary spending and pay of short-term debt as soon as possible. These strenuous and uncertain circumstances are forcing us to think creatively about how we manage our finances and consider other resources to cater for the present moment and unknown future. The question to ask ourselves is how … [Read more...] about How to stretch your Rands and cents in these trying times
5 Financial mistakes to avoid right now
As consumers continue to quantify the impact of COVID-19 on their finances, some financial mistakes can be avoided in these unprecedented times Dhashni Naidoo, FNB Consumer Education Programme Manager says, “Consumers should do everything in their control to keep their financial affairs in order through this difficult time and the uncertainty it brings. One cannot predict how long it will take for the situation to stabilise and the knock-on effect on the economy. The idea is to adopt a … [Read more...] about 5 Financial mistakes to avoid right now
Avoiding #JanuWorry
The festive season is around the corner and many people will be taking a well-deserved break to relax and reflect on the year that was with family and friends. During this time there are also a lot of added expenses as we want to reward ourselves at the end of a long and tiring year. Dhashni Naidoo, the Programme Manager for FNB Consumer Education says, “Most South Africans will receive their pay cheques and bonuses a bit early in December. During this time, it is crucial to draw up a … [Read more...] about Avoiding #JanuWorry
