All in Budgeting

Ways to Save Money (and Applying For a Bank Loan)

Vangile
Budgeting

i. Save and invest 10% of your gross salary for retirement

Pay 10% of your gross income towards your retirement plan. It’s tax deductible, which decreases the amount of tax you pay on your salary.

ii. Create a budget

List all your income and expenses and subtract your income from your expenses. Save 10% of your net income in a savings account for emergencies. Open up a savings account and make sure you save 10% of your net income every month. This is your emergency fund.

Note: when you create your budget you should align your expenditure with your vision for your future. Eg: if your goal is to move up the career ladder, then part of your budget should be allocated to studies.

5 Ways to Save Money on Car & Household Insurance

Vangile
Budgeting

Wouldn’t it be nice if you could save a few hundred dollars every year?

Imagine all that you can do with that money: go on vacation, join the gym, finally get that phone you’ve had your eye on.

So where will these extra dollars come from: Your insurance payments.

Today I came up 5 simple steps to help you to save on your insurance policies and distinguish good quality insurers from bad ones.

How to Set Life Goals & Go After Them

Vangile Makwakwa
Budgeting, Starting and scaling your business

What are your life goals?

Do you know what you want to achieve financially?

Do you have a strategy on how to make your financial goals a reality?

There's a saying that those who fail to plan, plan to fail.

This saying also applies when you’re managing your finances.

If you want sufficient savings to support you through the golden years of your life you have to take action in the present moment to make that a reality.

Proper planning isn't a guarantee for success in any way, however, a well thought out plan will guide you when things get tough because it'll remind you what you're working towards.