It is officially a new season, and can you think of anything better than putting a spring in your step and fine-tuning your financial situation for a change?
It is the perfect time to turn over a new financial leaf and to bust a move while doing it.
Carla Oberholzer, debt adviser and public relations officer at DebtSafe, encourages you to listen to some of the world’s favourite and well-known ‘financial’ tunes.
Here are a few songs from Carla’s playlist that you can use to help set up your new financial checklist:
“I work all night, I work all day, to pay the bills I have to pay ain’t it sad”
– Money Money Money – ABBA
Nothing new from your side to add to these lyrics?
The current economy and increases (such as VAT and fuel hikes) are surely not contributing to your lifestyle or making it any easier to keep up with payments BUT here are a few pointers on what you CAN do:
It is time to start focusing on your own mini-economy and avoid getting distracted by the news and speculations you hear in the media.
Deal with your personal reality by implementing a budget and financial goals that work specifically for you. There are various phone apps, online blogs and templates available to make your budget planning easier. Do your research and get going.
“I need money.
That’s what I want”
Money (That’s what I want) – Barrett Strong
Some say money makes the world go round – that is perhaps true. Although, one thing you have to remember is that money is NOT everything BUT it is necessary to be able to maintain a decent living. And, how can you do that exactly?
What about adding additional income boosts to fill the holes your monthly salary can’t? Start with what you love and what you can do – think of a hobby like baking, for example.
It is also of utmost importance to regularly inspect your bank statements and get rid of your spending leaks. If you need some extra money – don’t spend your hard-earned cash on regular eat-out lunches or those daily takeaway coffees, for example. Remember – the devil is in the detail.
“We live in a greedy little world,
That teaches every little boy and girl
To earn as much as they can possibly,
Then turn around and
Spend it foolishly
We’ve created us a credit card mess
We spend the money that we don’t possess”
Ka-Ching – Shania Twain
Yes, the shopaholic in you is calling but don’t let the shops’ marketing gimmicks fool you. Stand strong and remember the following before you want to splurge:
Can you afford it and is this shopping spree that you are planning in line with your budget?
If you don’t need it, don’t buy it, because you’ll definitely regret it.
If you need to buy something, try and save for it beforehand and be careful when it comes to high-interest rates linked to your credit card(s).
It is important to also be aware of your consumer rights as a South African consumer and shop around before you get yourself curdled up in an unwanted agreement. Lately the reckless credit topic has been doing the rounds – so be vigilant and play your part to avoid it.
“Well let me tell you somethin’ all that glitters ain’t gold
It’s been a long old trouble long old troublesome road
And I’m looking for somebody come and help me carry this load”
I need a dollar – Aloe Black
By now you may have realised that shopping splurges and unforeseen happenings can indeed be troublesome. Don’t get discouraged – life happens and it is not healthy to dwell on the past. There are professionals in the financial field that can assist you.
Ask around and get the perfect fit to find your way out of your current burden. In worst case scenarios, bearing in mind that you need a stable form of income, consider a debt-free rehabilitation programme like debt counselling.
Get your spring on this month and turn a new page to improve your current financial situation.