Someone praise me for my brilliantly cleaver titles! No? Really? Rude.
Moving away for your disdain for genius, let’s talk about something that is really smart: managing your money properly. I am normally tighter than the thriftiest Scot with my money, and at any time I can tell you how much I have in my wallet and bank account, but that is just my personality, and I am very consciences with my finances and where money goes (*cough* the bar *cough*).
However, I didn’t actually follow a budget that I had set in stone, so with this month being National Savings Month, I decided to gooi some numbers into one of those fancy Excel docs. You know, like a pretend adult would do.
HOLY CRAP ADULTING IS DIFFICULT. There are some expenses that you just don’t really pay much attention to, but they really start to add up once they are down on paper <- specifically toilet paper! A really good bit of advice that I got from Ben, (the man, the legend), was to plan out a budget for Jan to Dec and plan each month out. There are always those sneaky fuckers that come around once a year that normally accost your wallet and stab it before it even has a chance to defend itself – such as car services, trips to the dentist, doc etc. Here are my 5 tips to helping you budget
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- Set aside retirement savings first – no R100pm isn’t going to cut it, but it’s better than nothing.
- Set aside savings every month for a rainy day/unexpected expense.
- Plan your budget for a year at a time, rather than a month at a time – don’t forget the once off expenses and filter those bad boys in!
This is a hypothetical situation but I was asked this question a few weeks ago and it is one that has provided very interesting answers when asked to others.
So let me set the scene:
Age does not matter; answer it from your perspective – 21 or 65.
I want YOUR answer, and preferably your age to add some perspective. Do you clear out bad credit card debt you have had, or do you put that money into the stock market, or do you spend it on coke and hookers?
I want your thoughts. I will provide my answer in a follow up post.
AND GO! Read More
Right so you have decided that your salary isn’t quite providing you with that luxury life style that you have been dreaming of since you were 10.
Suddenly you are starting to realize that those couple rands you put away every month isn’t just gonna cut it for you and isn’t allowing to jol as and when you wish. I think it’s time we get you some extra cash money to play with at the end of the month.
Everyonethings the JSE is some big bad wolf that you should stay away from and leave it to the professionals. WRONG!
Ross over at Learn To Invest can show you how to turn an initial investment of 5000 into 50 000. Now. Are starting to play with some big cheese. Of course this doesn’t come easily and will take around 15 minutes daily to make sure you monitor this. Looselyago get the most out of your investment.
Ross will show you how to use Contracts-for-difference to create some extra pocket money for yourself to enjoy some of the finer things in life and take a bit of the financial stress off of life.
Finanical freedom is what we are all aiming for and this can take you one step closer. Read More