By all accounts, we will be confronted with Covid-19 in South Africa for some time still. Time is of the essence when it comes to budgeting and financial management, and the cost of doing nothing can be great.
According to Beth Kobliner, author of the award-winning book ‘Get a Financial Life’, children as young as 3 years old can grasp basic financial concepts such as saving and spending. And a report by Cambridge University revealed that children’s money
Buying branded clothing and shoes does not guarantee a better quality product, and spending your hard-earned money to prove to others that you can afford to buy branded clothing is counter-intuitive. If you’re wearing branded clothing but haven’t started saving,
Think disability and our minds tend to think of the worst possible scenarios involving permanent injury and disfigurement. Rather than permanent disability, it is temporary disability or illness that we should in fact be more concerned with.
Spending money before you actually receive it can place you in a financially precarious position. Whether you’ve sold your house, been promised a bonus or cashed in a policy, wait until the money is safely in your bank account before
If you don’t have a natural inclination towards saving, start out small and set mini-goals that are both realistic and achievable. Rather than thinking ten years ahead or trying to save for something big, set smaller, shorter-term goals that you
A practical way to teach the art of delayed gratification is to use an Advent Calendar or something similar. It is also an excellent way to help your child understand the connection between time and reward.