2015 2016budgetsignsThis past year, 2015, has been an interesting year, so much has happened. We have seen interest rate hikes which made our debt more expensive. We have seen petrol prices rise and fall. All these events have had an impact on the every single consumer. These events were out of our control. What we do control is our spending and where we choose to use our money.

As the year draws to a close. One should reflect and take stock of what has happened in the year. More specifically for Finance-On-Friday there have been some very big lessons which need to be reflected on, continually practiced and even perfected if one is to successfully navigate through the finances of life. Here are those big lessons:

  • Budgeting and planning our finances: A budget is not a restriction but rather a plan that allows you problem free spending within guidelines set by you. Financial Ill-discipline will prove to be one of the biggest threats to financial wellness
  • Life consists of major financial events:
    i) Marriage
    ii) Buying a house
    iii) Having children
  • We all have dreams and goals that we want to achieve and it goes without say that those dreams will cost money. These goals need to be planned, in order to make sure that you don’t spend a cent more than is necessary
    We need to start seeing reality around our financial decisions: Facing reality today means you walk into any financial situation fully aware and financially ready but it means you walk out of it financially well
  • Saving: Start to create peace of mind for yourself and move away from lending money unnecessarily. It has been said that the money you save today will save you tomorrow

The most wonderful thing about one year ending and another beginning is that there is a renewed hope that comes with the New Year. Hope that you can turn you financial situation around. Remember it is never too late or too early to start putting sound financial principles into practice. The truth however is that there is no time like the present. Give yourself the gift of peace of mind this festive season by effectively managing your finances you will thank yourself later.

Lesetja Madiba
Financial Wellness Consultant at Consolidated Financial Wellness

*** Consolidated is a national financial planning and financial wellness practice with offices in Western Cape, Johannesburg, Tshwane, Eastern Cape and KwaZulu-Natal. For more information visit www.consolidated.co.za

christmas owe moneyDecember is finally upon us. The year has flown by so fast - it feels like it was January just a few weeks ago! The festive season is seen as spending season and the shopping centres and credit providers encourage this. The shops stay open longer and are very nicely decorated with posters of festive specials and ‘money saving’ deals.
However if we do not face the reality of financial implications that come with the festive season, we would be walking straight into the Festive Money Traps. If we are to survive December financially, a few things need to be done:
Don’t buy on credit – Durable goods with a life span of 5 years at times justify credit purchases, not buying day to day consumables
Plan your gifts/holiday – Failure to plan means planning to fail. Plan out anything and everything that requires money to be spent
Separate your ‘Bill’ money from your ‘Fun’ money – Put the school fees money and such monies away separately. Make sure that by all means possible you spend your money for its intended purposes
Talk to your spouse/family and plan together – If you are a part of family, there should be discussions and clear planning. Do not deny your family certain things because of an inability to plan and manage family finances
Don’t spend it just because you have it!!
Unfortunately for most people the reality of their bad financial decisions only hits home in January. Facing reality today means you walk into the festive season fully aware and financially ready but it means you walk out of the festive season financially well. Be prudent and spend wisely this December. Don’t be the thief of your own joy by spending badly.

Lesetja Madiba
Financial Wellness Consultant at Consolidated Financial Wellness

*** Consolidated is a national financial planning and financial wellness practice with offices in Western Cape, Johannesburg, Tshwane, Eastern Cape and KwaZulu-Natal. For more information visit www.consolidated.co.za

J.O.M.O - The Joy of Missing Out

Young South Africans in M 001We live in a society that is constantly moving. Some or other activity is always going on somewhere. Unfortunately, for most people being out and on the town means spending money. A few hours of going out could easily cost well over a thousand rand.

For those sitting at home while others are out there’s a condition called FOMO. The Fear of Missing Out. This condition is spreading and people often find themselves out and about. Despite not affording t and all because they do not want to miss out.
While it is very pleasant to go out and have fun, the financial implications are often not considered. So what are the implications and how does one navigate around them?

  • One hour is never just an hour: Often when going anywhere it can be quite difficult to stay a short amount of time. The pressure to stay is so immense that we often stay out past our designated time, the more time out the harder it gets no to spend
  • Play financially hard to get: There will always be other events, parties, picnics or sales. No one ever really lost out by staying home
  • Discipline is key: Knowing what you want now and knowing what you want most. Ultimately your discipline will limit your spending, especially if its unplanned or one is spending because everyone else is
    Planning is important: With the holiday season there is always pressure to spend. Try and plan your time and finances accordingly and well on time. Impulse activity and spending are almost always followed by regret
  • If you can’t afford it say “No”: With spouses, children and family it can often be difficult to refuse spending but “No” is at times a necessary and powerful term that can save you a lot of money and heart ache

Idisciplinemagine waking up and realising that you still have enough money to meet your financial obligations and not have to rely on debt! There is such joy in that feeling! Rather than fearing missing out take joy in missing out. Always remember the money you save today will save you tomorrow. Exercise your joy and say “No” to unnecessary spending.

Lesetja Madiba
Financial Wellness Consultant at Consolidated Financial Wellness

Click Here for his profile

List Your Parish Here!


Radio Veritas is Building a Comprehensive listing of Parishes and Mass Times for travellers and others
Be a part of Southern Africa's First Online Parish Directory and list your Parish here!

Click Here!

Finance Blog

Personal Financial Coaching with Yena Khuboni

IMG 20170801 WA0002Yena Khuboni is a Financial Wellness Consultant and has a B.Comm triple major in Information Systems, Internal Auditing, Finance & Management Accounting.
She discusses Personal Finances live on a Friday during Changing Gear at 17h00.
Podcasts of these talks are also available.
Click HERE  for Yena's Profile 
Click HERE to read Yena's latest Financial Advice Blog.

Important Links


The Southern African 
Catholic Bishops' Conference

Light A Candle

prayer candles1

A St Vincent de Paul Initiative ot raise funds for the needy 

catholiconline 1

South Africa's only Catholic web resources and information portal

header logo scrossSouthern Africa's only Catholic Weekly


A Brotherhood of
Catholic Gentlemen
in South Africa


Up to date News
straight from the

marfam ad 2

Catholic Family Life
Resources and 

immac logo newNational Online Repository and Catholic Media