WE love all those special days we make for ourselves such as shopping or a day at the spa, but how many of us have a personal finance day?
“Your personal finance day is one day you should set aside each month to sort out your personal finances.
“It helps you work out your budgeting goals, expenses and savings for the month ahead.
“Circle this day in your calendar every month. Eventually it will become a habit and make your life easier,” said Ester Ochse, FNB financial advisory specialist.
“It’s not difficult – it just needs commitment and dedication to make sure that you meet your financial objectives and goals every month.”
“It’s never too late to start. Decide on a date each month and stick to it. Organise your budget plan according to your finances, personal or business expenses, savings and entertainment.
“Make sure that you keep your monthly bills, invoices and receipts in a personal finance box. You can also access all your expenses and payments with online statements.”
Managing your finances may be boring but it also gives you the opportunity to tap into your creative side. Use a journal which helps make budgeting fun. Use coloured pens, markers, sticky notes and your own special symbols.
“Managing your money is the first step to financial wellness and success. It also determines whether you have enough money for your retirement, your child’s school events or even a mid-term holiday break.
“We live in a challenging economy where the cost of living continues to rise. The bottom line is that we need to manage our finances now. Running out of money puts a huge strain on our pockets and negatively impacts our health.”
