Navigating the world of personal finance is often as much about effective communication as it is about understanding the technicalities. Whether you’re conversing with a financial advisor, a spouse, or even yourself, how you communicate about money matters a great deal.  How we discuss and perceive our financial circumstances can significantly affect our decision-making, emotional well-being, and overall financial health. Understanding the role of communication in our financial lives begins with observing our personal communication styles. […]

The financial world can be complex, teeming with jargon, concepts, and strategies that can bewilder even the most diligent among us. One aspect of navigating this labyrinth that often gets overlooked is the importance of having an accountability partner who can offer support, challenge you, and help you stay on course with your financial goals. Essentially, an accountability partner understands your financial goals, shares your commitment to achieving them, and is prepared to provide honest feedback […]

The spectre of financial uncertainty can have substantial impact on one’s psychological well-being and future planning capabilities. However, it is not a burden that has to be perpetually borne. Transitioning from financial uncertainty to stability is achievable by reducing chaos in your cash flow and introducing a greater degree of predictability into your financial planning. Imagine opening your mailbox to see a handful of bills, and instead of that heart-sinking feeling, you nod, because you’ve got […]

In the sphere of financial planning, the way we speak about money and articulate our plans can have a profound impact on our financial well-being. The power of articulating a financial plan lies not only in the creation of a roadmap towards your financial goals, but also in how it helps shape your mindset towards your financial journey.  For many of us, conversations about money can be uncomfortable. We tend to veer away from discussions about […]

Just like our language influences our perceptions of the world, the language we use around money – especially the complex jargon and market commentary that often surrounds it – can significantly impact our financial behaviours, perspectives, and, ultimately, our financial planning. You’ve likely heard phrases like “money doesn’t grow on trees”, “time is money”, or “you have to work hard for your money”. These familiar idioms carry deeply ingrained beliefs about money that can subtly, yet […]

This is the ancient tale of how interest rates change and the forces that shape their destiny. Once upon a time, in the land of economic stability, the ever-changing interest rates kept weaving tales of prosperity and struggle. Central banks, the guardians of monetary stability, navigated the twists and turns of economic indicators, seeking the delicate balance between growth and inflation. In a time when the dragons of inflation threatened the peaceful land of economic stability, […]

The rise of over-indebtedness is a growing concern not only locally but also for individuals across the globe. Legal action and bad credit records due to non-payment can have serious consequences on people’s financial well-being. In 2022, consumers in South Africa failed to honour a collective debt of R2.8 billion. Similarly, other countries have been struggling with debt issues. In the United States, household debt reached over $15 trillion in the third quarter of 2021, while […]

In the current economic climate, a growing number of individuals are experiencing financial strain due to the escalating cost of living and rising interest rates. As a result, many are looking for ways to reduce their expenses in order to maintain a balanced budget. Insurance premiums, often perceived as an expendable cost, are among the first expenses that come under scrutiny. However, it’s important to carefully weigh the consequences of cutting back on insurance coverage. While […]

Financial planning can be a daunting task, and it’s common for people to make mistakes as they navigate the complex world of personal finance. In this blog post, we’ll discuss some common financial planning mistakes that many individuals make, as identified by FinTwit contributor Jason Friedman. By learning about these pitfalls and how to avoid them, we’ll better equip you to make informed decisions and set yourself up for long-term financial success. Let’s dive in! Mistake […]

The rapid growth of artificial intelligence (AI) has brought both excitement and trepidation in equal measures. Many see it as a threat to job security, while others believe it has the potential to revolutionise the way we live and work. AI can help you upskill, become more valuable to your business, and create more value in your financial life. As AI continues to advance (faster than ever before!), free educational resources like ChatGPT become more accessible, […]