What are the main advantages of self-insurance?
elf-insurance is an insurance strategy for mitigating the possibility of a future loss by setting aside a portion of your own money.
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Do you want a loan?
13 things to consider before getting a loan: The issue of debt management is one of the most important aspects of personal finance. Whilst daily we are bombarded by offers to get loans from credit unions and bankers it is…
How to choose a savings account
When it comes to saving, there are many different factors to consider such as the institution to open the savings account, interest rates, account fees, minimum balance requirements, and account limitations. Although the choice is ultimately yours, there are some…
Why Personal Finance is important?
Personal Finance: A guide to get your finances in order Personal finance is the management of money and financial resources, including expenditure management, budgeting, saving, investing, insurance, taxes and debt management. It is of utmost importance for individuals to have…
All you need to know about Ponzi Schemes
Introduction I am sure most of you have heard of or even invested in a Ponzi scheme or pyramid scheme. A Ponzi scheme is a fraudulent investment scheme where investors are promised high returns with little or no risk. The…
Why taxes are important
A tax is a compulsory financial charge or some other type of fee or levy imposed on a taxpayer by a governmental institution or regulatory organisation in order to fund government spending. Tax revenue is the money that governments gain…
Get this insurance now
Insurance is all about protection from the unforeseen. Insurance products are designed to cover the risks we face daily. These insurance products depend on personal circumstances, needs, and preferences. Common types of insurance Health insurance This is a type of…
Make money with stocks.
Investing in the stock market is an awesome way to grow your wealth over your lifetime. However, the stock markets have their ups and downs and it is important that you understand the risks involved. Steps on how to invest…
Start saving now
Savings is the act of setting aside money for future use. There are so many different methods to save money, and the best way is the one that fits your circumstances. Saving money can be a challenge, but it is…
Monthly budget
The free excel spreadsheet helps you budget and manage your cash flows. Use this too to simplify your cash management.
Managing Expenses
Introduction. Managing your expenses is the best way to become wealthier. I must admit, it can also be an uphill battle. Just like in business, your personal wealth is maximised by increasing your income whilst reducing your expenditure. It is…
Make more money in 2023
Introduction When it comes to your financial well being, you must first of all understand how you get the money, i.e the source of your income. Thus understanding income is one of the key elements towards your goal of financial…