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Financewise
Personal finance management post-lockdown
FOR many of us, our finances were negatively impacted by the recent lockdown. This has necessitated a comprehensive review of our personal finance management strategies to ensure they conform to effective money management principles.For…
Choosing the right bank
YOUR bank is a critical partner in your personal finance journey as it is the custodian of your financial resources. How then do we choose a bank? Or how can we determine if our current banks are the right ones for us? There are generic…
Investment mix
Many of us already have investments of different types, but do these investments meet our investment objectives and cashflow needs?To get optimum returns on investment, we must pay attention to the products mixin our investment…
Buying adequate insurance
One of the lessons to be learnt from the Coronavirus pandemic is the need to have adequate insurance cover. Insurance plans bring little return on investment, so we do not recommend them as optimal investment assets. However, they are…
COVID-19 and emergency savings fund
The last few weeks have been particularly challenging and eye-opening. Many have faced dire financial situations. Others have come to realize how financially vulnerable they are. Yet, some have been able to ride the storm with more…
Managing debt
With the current lockdown and our attendant inability to work and earn income effectively, there may be a need to borrow or increase our borrowings. Even without the lockdown some of us may need loans to help us achieve our financial goals…
COVID 19 lockdown and personal finances
In this time of economic slowdown, there is a need to look at new ways of managing our finances in line with the current economic realities. Many small business owners have their revenues compromised, and the incomes of the self-employed…
Buying equities during bear markets
Global stock markets are being battered by the Coronavirus effect as we speak. Many stocks are trading are far below their market value – that is they are a bargain. Now is the time to consider new investments in the equities because,…
Fintech and password security
Fintech is a “new” concept and popular buzz word these days. But what does it mean? How will it affect you and your finances? Fintech is a combination of two words – financial and technology.So, how then can Fintech be new, since banks…
Financial negotiation skills
NEGOTIATION skills are a must-have for success in life. Some may think they do not know how to negotiate but the truth is - we negotiate daily without even realizing it. The child who convinces her mother to permit her to stay up longer to…