If there was ever a time to review your financial health, it’s now during these financial times. You may have also heard the term personal finance but don’t see how it relates to you and your relationship with money. Investment professional Prudence Makololo explains that personal finance means managing your money to meet your individual or household financial needs.“This also includes budgeting, insurance, tax, savings and retirement planning, to mention a few. How you manage your money depends on your income, expenses, lifestyle, desires and goals, and how you plan to fulfil those needs within the constraints of your finances,” she adds. Consider the role of personal finance on your quest for financial independence. “It’s about knowing how to manage your personal or household finances and, most importantly, actioning your plans,” says Prudence. Here, she shares her insight to help you slay your financial goals.
This story is from the March 2021 edition of GLAMOUR South Africa.
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This story is from the March 2021 edition of GLAMOUR South Africa.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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