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 …
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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 …
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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 …
Must-Have Money Conversations You Need to Have With Your Partner
On the first date, you discuss splitting the bill. Before you know it, you’re engaged and planning a wedding. If you haven’t already, it’s time to have the Money Talk. Yes, talking about money can be heavy, but it’s important to have these conversations. To help you cover your bases, here are some key financial …
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Personal Finance 101: Calculating and Understanding Your Net Worth
According to Investopedia, a person or company’s net worth is “the amount by which assets exceeds liabilities”. More commonly put, net worth is the total value of your assets minus your debts. Net worth can apply to a business or a person. I will be applying the Net Worth concept to individuals in this article. …
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Money Management Tips For Busy People
Staying on top of your finances plays a major role in whether you achieve your money goals. When you have a life full of career, family and personal demands on your plate things can get busy, fast! As a result, a regular review of your spending, savings, and debt can fall by the wayside.
Must Read Personal Finance Books for Women
I have always been an avid reader however now I prefer to select books that further my education, personal development, or inspire and motivate me. I think everyone should spend at least 10 minutes a day reading a personal development book of some kind. Audio books are just as great because you can multitask your ‘chores’ and …
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Cost Per Wear: Saving Money Smartly
When it comes to clothing, shoes, and accessory purchases, I’m a firm believer in cost per wear, which I also refer to as “getting my money’s worth.” It doesn’t matter if it’s a cheap or an expensive purchase. Money spent is still money spent, and I want to be sure that it’s worth it. That …
How to Create a Simple Personal Budget
If you’ve read any personal finance advice, you know there’s one simple rule that comes up time and again: You need a budget. Budgets assign your money a job and establish spending limits for specific expenditures so you can use your money responsibly. Making a budget isn’t as terrible (or boring) as it sounds. It …
How to Prepare Financially After a Job Loss
Controlling the things that You can control We are going through uncertain and challenging times. In one way or another the Coronavirus pandemic is affecting us all. If you’re reading this because you’ve lost your job or had to take a pay cut or perhaps somebody you care about is going through this, I want …
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