It could be contentious, but it's probably more important to set up an emergency fund than pay off outstanding debt. A reason not to pay off your debt.
Tag: cashflow
The back-to-front money cycle
We’re all accustomed to spending money that we don’t actually have; buying something now and paying for it later. Think about your money with the analogy of a water tank; water comes in at the top and drains out the…
Strategies to ensure financial security
I'm sure everyone wants financial security; both now and for the future. It's one thing to have a job now and be living it up, but it's impossible to know what the future may bring which makes it even more…
I’m poorer now than I was last year
I've just come out of my annual performance review and despite being told how well I'm doing at work, I received a really dismal 5% salary increase. I'm being brave sharing this as colleagues may well read it and perhaps…
Why spend money you don’t have?
It seems weird that anyone would spend money that they don't actually have but yet it happens all the time! Have you ever justified buying something by saying "oh well, it's payday next week anyway", or even worse "I'm buying…
5 Habits to improve your financial health
Have you ever thought about the state of your finances, and how to improve your financial health? By this I mean the overall state of your finances. How you manage money in your day-to-day life, your financial habits (good or…
How to fix cash flow issues
If you find that you're struggling to survive form paycheck to paycheck, then you may have some cash flow troubles. Let's explore how to fix cash flow issues in 6 steps. They're not all easy, but they can absolutely be…
What is cash flow?
What is cash flow in relation to your personal finances? This is the first of two articles, the next being on how to fix cash flow issues. Take a listen to the Cape Talk Radio interview about this post on…
The importance of cashflow
This is a great quote (and one of my favourite money quotes), highlighting the importance of cashflow. The importance of cashflow Never spend money before you have itThomas Jefferson This is one of the most basic tenants of good financial…