Starting with #1: 1. Buy The Things That You Need Not until you are a millionaire can you buy goods or procure services that you can do without. Until then, you need to prioritise your purchases. 2. Spend Less Than You Earn This is so that you can have…

Experts say it is wise to keep track of your net worth as it gives you a true picture of your track to meeting financial goals.

I was terrible with accounts back in school. The numbers confused me, they never balanced or behaved and I never understood the point of all those ledgers and books. To this day, I still cannot make sense of it all, the details that is. I am, however, fully aware of the importance of the process and some of the reasons why a business must have a reliable accounting system. Are you?

A budget is a necessary evil. You can’t effectively manage your finances without one. Having said this, sticking to a budget is another issue. Most of us find ourselves constantly deviating from our budget with the problem probably lying in our spending’s, but then again you might have formulated a budget that doesn't quite cover your financial obligations effectively. Here's a simple 1,2,3 of creating a budget.

Saving money is great, but not if it is at the expense of your long term financial future and well being. As much as possible you have to consider the long term effects of your decisions on yourself and those around you. Otherwise, you might find yourself paying a hefty price for your “savings”

(This is the 5th article in the Money 101 Managing Your Money Series. We advise that you start from the the first article in the Series. Please click here to go to the Money 101 Managing Your Money introduction) In Lesson 2, we looked at where we would like…

Most people associate a budget with a restricted lifestyle, no fun, and generally figures which most people have an aversion for. Sadly though, for your personal finances to make sense, you’ve got to have a plan of how you will spend your money once it’s earned.