South Africa is going through an unprecedented time. Everything we used to think we knew has lately become very indefinite…

Many of us are facing personal and financial challenges, and economic uncertainty.

So how can women (mothers, sisters, friends or aunts) cope, and push through the tough times, and come out successfully on the other side?

Through these thoughtful guidelines, women can set their financial principles in place to help them manage their money well, and to be able to face financial encounters as they arise.

“Women, using the resources they already have available, have the potential to tackle uncertain times successfully. The key to a sustainable financial solution includes self-care, creativity, and natural problem-solving techniques,” says Carla Oberholzer – Debt Adviser at DebtSafe.

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Here are 3 handy guidelines to help women facing tough financial challenges:

1.     Set your mind to it and establish a personalised action plan

Making a conscious decision to not let the situation overwhelm you will help you stay focussed on the goal ahead. Despite the chaos in the world, you will be able to incorporate goal-worthy money psychology into you planning.

In short, you will think about financial implications before actioning anything. And, when you ‘action your plan’, it will not be impulsive.

For example, when feeling financial constraints, look at small ways that you can adapt to save more money, like limiting your usage of energy-hungry appliances during the week or taking a second look at your budget and identify your spending leaks.

2.     Add a personal flair to any financial solution by working with what you’ve already got

Women are masters of adaptation. No belt? Use a scarf. Bad hair day? Wear a gorgeous hat. Financial issues? Find the leaks and fill them.

If we work with what we have available, we can become excellent problem solvers in our financial world.

For example, during a crisis, scrutinising your bank statement will help you find areas where you can cut down on spending, like a gym membership you hardly use, or too many take-away coffees.

3.     Implement self-care and get the help you need when challenging times call

We know that taking care of ourselves is important – emotionally, physically and, financially.

If you aren’t implementing self-care, you won’t be able to do what you do best – juggle busy schedules, take care of loved ones AND manage those bills.

In dire financial times,  make sure you communicate thoroughly with your creditors, bankers, personal financial planners, brokers or, in specific debt-related solutions, your debt counsellors.

Circumstances may be beyond your control, but using the guidelines above, you can face your personal and financial challenges head-on.