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How to Survive #CyberMonday2018

Hello, everyone!
I hope you (and your pockets!) survived #BlackFridayWeekend.
It may be tempting to blow through bank account this Cyber Monday given that it is often believed that Cyber Monday offers better deals than Black Friday. However, it is important to manage your finances well and not give into the hype.

Here are 5 steps to surviving #CyberMonday2018:


1. Perform a Needs Assessment
A needs assessment is defined by Study.com as “a process used by organisations to determine priorities, make organizational improvements, or to allocate resources.” In addition to this, “it involves determining the needs, or gaps, between where the organization envisions itself in the future and the organization's current state.”
This can be applied to individuals, too. Establish where you are financially and where you would like to be in the future, then assess whether the purchases you wish to make will prevent you from achieving your financial goals or help you to reach them.
Ask yourself if you r…
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Weekly Expense Report | Week Ended 23/09/2018

Hi, everyone!

I know it has been quite some time since I last blogged. In between university (the stress!) and life, I did not carve out the time to blog. Thank you for being understanding.
Luckily, I tracked my weekly expenses consistently and can provide you with updates!

This is the first "Weekly Expense Report." The purpose for these is to see how well I managed keeping my expenses low and to establish how much money I have saved. The money saved will be either transferred to my Emergency Savings account or directed towards debt repayment. 

Take a look at my Weekly Expense Report for the week ended 23 September 2018.
Weekly Expense Report for the Week Ended 23 September 2018:

The income I received for the week was R650 ($461) and my expense for the week was R560 ($39,63). This left me with R90 ($6,37). I did not transfer this amount to my Emergency Savings Account. I left it in my normal cheque account.



Based on the table above, I did not spend money on Monday, Friday, Sa…

Top Money Lessons Beyonce Taught Us | #BeyDay

All hail the queen (who turns 37 today)! #BeyDay


Beyonce certainly bows down to no one when it comes to her finances, so why should you? The superstar, who is worth $350 million and counting, can teach us a thing or two about money.

Here are the Top Money Lessons Beyonce Taught Us.


1. Be financially independent




Beyonce had this to say in an interview with GQ Magazine:

"You know, equality is a myth, and for some reason, everyone accepts the fact that women don't make as much money as men do. I don't understand that. Why do we have to take a backseat? I truly believe that women should be financially independent from their men. And let's face it, money gives men the power to run the show. It gives men the power to define value. They define what's sexy. And men define what's feminine. It's ridiculous."

This is similar to the premise of financial independence -- that you get to define what you value. For some, it is time spent with their children. For others, it…

#ThankfulTuesdays: 3 Money Truths I Am Thanful For

It is a wonderful Tuesday morning in Johannesburg. The sun is out, birds are chirping and I am feeling pretty excited about tackling the rest of the week. Although the pressures of school, work and life beat down on us from time to time, there is a lot to be grateful for.



Here are "3 Money Truths I Am Thankful For."


1. You need to budget




This goes without saying, but there are some people who do not believe they should budget. To them, "money comes and goes." Unfortunately, not having a purpose for your money can and often does result in not using it correctly or just spending it all.

A budget simply tells one where their money comes from (income) and what it should be spent on (expenses). The following items usually feature on a household budget.
IncomeHousing Costs (mortgage, maintenance and repairs, etc)Emergency FundSavings (cash savings and investments)UtilitiesHealthcareConsumer DebtFood and Groceries
If you are a student, your budget will probably feature thes…

Net worth and Purpose

Net worth measures how much a person is worth. It is important to track one's net worth, because a person's net worth simply tells them how rich or poor they are. It does this by comparing an individual's assets to their liabilities. When an individual's assets exceed their liabilities, they are said to have a positive net worth. When liabilities exceed assets, a person is said to have a negative net worth.
Net worth = Assets - Liabilities
South Africans have a poor savings culture and this can be seen by the high levels of debt in the country. According to a 2015 World Bank report, South Africa is the most indebted country in the world. Yes, world. It follows that having too much debt makes it harder to save money (for emergencies and to invest), and when one has not saved for emergencies one usually takes on more debt to pay for said emergencies. Thus, the debt spiral continues.


I have read quite a number of personal finance articles that state that the best way to …

Top 3 Ways You Can Save Money This Long Weekend

HAPPY WOMEN'S DAY, SOUTH AFRICA!


Our female predecessors worked hard and sacrificed much, so that we may enjoy the freedoms we have today. The march of 9 Augugst 1956 sought to protest against a discriminatory Apartheid law that required those defined as "black" (black, Indian and coloured) under the The Population Registration Act to carry "passes," which restricted their movement.

Thanks to Lillian Ngoyi, Helen Joseph, Rahima Moosa, Sophia Williams and thousands of women, we are no longer subject to such a law.

While we enjoy physical freedom, many of us do not enjoy financial freedom. Living beyond one's means, high consumer debt and a low savings rate are some of the main reasons many South Africans do not enjoy financial freedom.

As many South Africans plan to go out this long weekend to celebrate their loved ones, read on to learn about a few ways you can save money this long weekend.


1. Watch a movie at home instead of going to the movies


It is far c…

Why “eishstudentbudget?”

eishstudentbudget captures the essence of being a South African university student. It depicts a reality that is exciting, yet  financially taxing on most. You know, the word “eish” is a simple word that changes meaning depending on the context.
"Used in South African English and Afrikaans to express exasperation or disbelief, the word was first transliterated from the Xhosa language to Afrikaans, and then into South African English." Like, when you want to go out with friends and you check your bank balance using cellphone banking (’cause you fancy like that). Only to find that not only do you have no money, but your balance is negative. You owe the bank money! Eish!