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Step 10 – How to get money savvy: Budgeting

I have had to manage my own budget fairly tightly since the first hard lock down started a year ago. With a few months of zero income and being forced to spend my savings, I knew what i needed to do first to make sure I was not spending more than I earned. I relooked […]

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Tip 9 How to get money savvy: Debt management

South Africa is a buy-now, pay-later society. The effects on young people’s financial literacy are thus characterized by the same behaviour patterns as parents and society as a whole. These are high credit and high consumer behaviour with very little savings, and in turn high social risk behaviour. MSK is working to change this disastrous […]

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Tip 8 – How to get money savvy: Grow your wealth – Investing

“Growing your wealth” seems to be the new buzz word around town. Most financial institutions are trying to educate “the man on the street” about investing and trying to get them to use their platforms. That’s how easy investing has become. There are online platforms you can start to use to trade shares, bonds, ETF’s […]

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Step 7 – How to get money savvy: What is your money mindset

How would you define your money mindset? How do you feel when you look at your finances, earn money, pay bills and talk about money? For many of us money brings up a lot of emotion. For some it can be positive, but for many it is negative. We feel dread when we see bills […]

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Step 6 – How to get money savvy: Goal setting

The first time I set a financial goal was when I was 32 years old. It was a skill I needed to learn. I needed to formulate a plan to achieve my goals and I can honestly say that goal setting was one of the biggest drivers in changing my financial situation. I still set […]

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Step 5 – How to get money savvy: Understanding what you value

The first time I ever did a value exercise I was 38 years old. It was an interesting experience because I had no idea what I valued in life or in my financial life. My top value at the time was family. What was scary was I was not living up to my core value […]

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Step 4 – How to get money savvy: Set up an emergency saving account

South Africa is a buy-now, pay-later society. The effects on young people’s financial literacy are thus characterized by the same behaviour patterns as parents and society. These are high credit and high consumer behaviour with very little savings, and in turn high social risk behaviour. Money Savvy is working to change this disastrous pattern. The […]

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Step 3 – How to get Money Savvy: Multiple income streams

Gone are the days when the mom stays home to take care of the kids while the dad goes to work. I was fortunate when I was younger because my mom stayed at home. She on the other hand was totally unfortunate. When her and my dad divorced at 40, she had to start her […]

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Step 2 – Get Money Savvy

Life is like a game of snakes and ladders. You never know what the next roll of the dice is going to give you. It could be a snake(threat) that could cause you to regress in your financial life. Or it could be a Ladder (Opportunity) to take you to the next financial level of […]

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Step 1 to get money savvy

2021 is the best time to become savvy with your money. We learnt the hard financial lessons last year and now it is time to use those lessons to build a better financial future. Step 1 of becoming money savvy is to get clear on where you are now. This requires you to be honest […]

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Will you become Money Savvy this year?

Everyone’s life is different, but many have still been impacted in similar ways because of the impact of COVID-19. 2020 was a mean teacher but the lessons were clear. In some way or another, you and your family have probably been impacted by a job loss or reduction in income. 2021 is promising a bit […]

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Why are we in such debt?

The internet loves making lists of things, from top 10 beaches you have to see, to the top 10 restaurants in your area. So it’s no surprise that there’s a list of the top 10 reasons why people fall into debt. Some are fairly obvious, some are a little more excusable and one is absolutely […]

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