It’s that time of the year where we go all out and make resolutions of what we hope to achieve in the coming year — be it losing a few kilos, eating healthier, or letting go of a bad habit in pursuit of better versions of ourselves. Our finances are part of this common practice. New Year’s resolutions are no child’s play. According to entrepreneur.com, only 9.2% of people achieve their yearly resolutions and rid themselves of their bad habits — an alarming statistic that we are all victims of at some point in our lives. Finances are also a different ball game. Admit it, we have all tried saving up for something but ended up spending the money on an impromptu shopping trip.
WHY ARE FINANCIAL RESOLUTIONS A PAIN?
The cost of living and high inflation also play a part in us going back to our old ways and neglecting our financial goals. Financial advisor and executive director at Matseke Business Investment, Mashilo Matseke, explains that the ever-rising cost of living makes basic needs unaffordable. “Many households are left with nothing to spend after paying the creditors,” he explains.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A Legacy In The Making
Not only does she radiate beauty, confidence and grace, but Nomzamo Mbatha couples that with intelligence, sensitivity and resilience, too. This multifaceted actress is a self-made modern woman who always stays true to her roots…
Score Free Stuff Now!
A guide to accumulating the most rewards, hassle-free...
New Domestic Rules
Housekeeping and childminding in a pandemic require a joint effort as we adapt to our new normal. Here are some guidelines on how to keep your household and domestic workers safe
When Art Becomes Your Life...
Fhatuwani Mukheli loves nothing more than transporting you to his creative world. The co-founder and director of I See ADifferent You tells us why he uses art to narrate his own story
Mind The Medical Aid GAP
When it comes to private healthcare and medical insurance, gap cover is a small step with huge treatment strides
A Healthy Workplace
Sometimes, getting ahead in your career isn’t just about technical skills and knowledge. It’s about having a good working relationship with your boss, too...
FRONTLINE HEROINES
We celebrate some of the women who have worked tirelessly during the COVID-19 pandemic to make sure that we all have access to essential goods and services
ALL FOR LOVE
LunathiMampofu, 33, is an actress on the rise. Following her role as the competitive and vicious Emma on The River, the talented star shares on her acting journey
Can A High-Fibre Diet Increase Your Life Expectancy?
Can a high-fibre diet increase your life expectancy? Let’s dig in…
Money Anxiety Is Real
One of the harsh realities for many South Africans is that money anxiety does not just rear its ugly head in January — it lasts throughout the year. Here’s how to manage it...
