Proper finance management is one of the most valuable things that you and every other South African can implement in your lifestyles. Although it entails regular commitment, diligence and appropriate planning from your side, the rewards can set you (and your loved ones) off to future financial freedom. Since Nelson Mandela Month is being celebrated this July (usually linked to National Savings Month) DebtSafe thought it best to pay tribute to South Africa’s legend by linking a few of his famous quotes to some suitable financial freedom and management tips.
“Money won’t create success, the freedom to make it will.”
A teachable moment:
Having a stable salary, job and benefits are surely considered a bonus BUT you are responsible to create your own future financial freedom. Life tends to throw many curve balls and can always change you know? You should therefore not be too dependent on people or fall in a comfort zone because of your current situation. Use your creativity and talent – namely your own ‘freedom’ and successfully get in the habit of alternative ways to regularly do what you love while gaining money for it.
A goal to consider:
Find other income substitutes or extras to boost your savings. This will give you the freedom of creativity you strive for and you will also execute what you are good at. These extra savings can be tucked away for those unforeseen emergencies or for the short-, medium- and long-term financial goals that you have.
“After climbing a great hill, one only finds that there are many more hills to climb.”
A teachable moment:
Talking about unforeseen emergencies – life is always full of financial challenges. You have to face these trials hands-on without feeling utterly defeated by it. Rather see it as opportunities for growth instead. Remember to always be prepared as best you can and be proactive during your ‘financial ways’.
A goal to consider:
Since July is mostly known as National Savings Month, what about your emergency fund savings? It is never too late to start with this type of savings fund. You can start with a small amount at first and add more to the total whenever you can.
“Forget the past.”
A teachable moment:
A simple saying – yet it is very valuable and true. Have you made a few bad financial slip-ups? Grow from your mistakes, rather than being stuck in the past things you did wrong.
A goal to consider:
Turn a new financial leaf, don’t ponder on past financial mistakes and know that you are not alone. You owe it to yourself to get the assistance you need in getting your finances on track again. Do proper research and find registered or credited financial gurus. Look at bankers, financial planners OR in worst debt-case scenarios, contact a debt counsellor that is recommended by the National Credit Regulator (NCR).
It’s time to pay tribute to a very wise man this July and what about starting with your own finances? You won’t regret it and you will make your way to your future financial freedom.