Tag: budgeting

An oftentimes overlooked subject when it comes to effective parenting, empowering children with financial literacy from a young age is one of the greatest gifts parents can give to their children. As the world becomes increasingly complex, teaching your little ones about sound financial management isn’t just about educating them about what Rands and cents are or, how money works; it’s about equipping them with the skills and knowledge to navigate a financially savvy future.

Farming is a long game that requires patience, perseverance, and strategic planning across all aspects of the operation. While every farmer understands this when it comes to tending crops and raising livestock, the same can’t always be said for managing their finances; and taking a short-sighted approach to financial planning can be as devastating to a farmer’s livelihood as a flood or drought would be to his or her operations.

Affordable housing remains a complex challenge, with varying interpretations of what ‘affordable’ actually means. According to the World Bank, housing is considered affordable when it costs below 30% of the average household income.

In the dynamic world of job interviews, there is one question that often sends a chill down the spine of job seekers - "What were you doing during this gap in your resume?" This seemingly innocent question can trigger fear, doubt, and discomfort in the minds of job seekers.

Dividing your savings into two separate categories – each with its own unique purpose – can provide clarity and boost your progress towards achieving your financial goals. When it comes to saving money, having a clear strategy in place can make all the difference.

Our financial decisions are consequential, it makes sense to have a trusted expert in our corner. However, it’s important to understand how your financial advisor earns their money and ensure their incentives are aligned with yours. Having a discussion around fees can ensure they are actually working for you, and not just selling financial products.

When we think about our legacy, it usually involves things like building a solid career, raising well-adjusted children and passing on cherished family traditions. However, your legacy could also be about teaching your children the life lessons and everyday habits that your parents and grandparents taught you, either through you modelling their behaviour or by heeding their advice.

Kevin Phillips | CEO | IDU | mail me | This article is the second in a series of three where I have considered whether budgeting...

Should budgeting and planning be considered an outdated discipline? Given the rapid rate of change and high levels of unpredictability in the world today, should accountants press reset on the corporate performance management landscape? And, is it possible to plan, forecast and budget when once-in-a-lifetime events seem to take place every other week?