Since most businesses deal with more than just the owner, there will be more record retention. Also, most business record retention requirements are more stringent. Some records deal with the business, some deal with the customers, some deal with the employees, and some deal with the the South African Revenue Services (SARS). Below are some [...]
How Long should I keep Personal Financial Records?
Ever wondered how long to keep financial records? Or how long to keep bank statements? What records would be unnecessary clutter? Which records would become most important in the event of errors caused by others? What should you save and what should you shred? Well here's a guide on how long to keep your different [...]
Practical Tips for Teaching Kids about Money
Given how important financial literacy skills are to navigating life, it’s surprising that our schools don’t teach children about money. As a parent, however, you can teach your child important financial lessons — and you should. Below, I’ll show you how to give your kids the head start you wish you had and set them [...]
Your estate planning checklist
Estate planning is the best way to ensure that your loved ones are cared for after you pass away. By creating your estate plans early, and talking to your personal representatives about their roles, you can give yourself, and your family, the benefit of peace of mind. There is quite a lot that you need [...]
Free Course – Manifesto to Organize Your Finances
A Guide to Spring Clean Your Finances You may enrol HERE In spirit of Women's Day - I am super excited to announce the release of my first course that will be absolutely FREE to enrol in. I thought long and hard about the topic in which I wanted us to start with and I [...]
What’s your Money Archetype and QUIZ to find out
Covid-19 has affected us in different ways, not just financially but emotionally/psychologically too. And we all have tried to cope in different ways; for example, when the lockdown began people stocked up on essential groceries and detergents.Hand sanitizers were completely sold out! This was an unconscious response to the Covid-19 and the lockdown. Buying was [...]
COVID-19: HOME OFFICES AND TAX DEDUCTIONS
Its official: Stay out of the office until end of September and SARS will allow you to claim home office expenses! With the “new” normal quickly becoming just normal, working temporarily or permanently from home is starting to become a reality. If you have made the transition, you may be wondering if you are able [...]
What Is the 50/30/20 Budget?
When it comes to budgeting, there’s no one size fits all solution. We all have different incomes, desires, attitudes, and approaches to how we handle our finances. How to Use the 50/30/20 Budget Method The 50/30/20 budget or rule is recommendation to spend no more than 50% of your after-tax income (referred to just income [...]
How to Create a Business Budget (and FREE Excel Template)
When you think about creating a business budget, you may start thinking, "Oh my God, this is going to get complicated.” But it really doesn't have to be that complicated at all! As a small business owner, the biggest things you want to track are your income and your expenses. Then determine each month whether [...]
Business Finances: Tips for Success
Whether you are a brand-new business owner or you’ve been in business for a while, getting a firm handle on your business finances is the key to successfully building wealth through your establishment. As business owners, it's easy to get busy and caught up in the day-to-day running of your empire. But don’t let your [...]
