• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home How To

Start Making Better Choices to Secure Your Financial Future

by Techeconomy
July 6, 2022
in How To
0
UBA
Advertisements

To know what your needs are, you need to understand how your financial needs change across different life stages.

Whether you are on the verge of retirement, sailing along mid-career or just starting a practice, it is important to think ahead and plan for your financial future.

A good start would be to organise and change your financial habits for the better. “Take the time you need to take a closer look at your finances and make better choices to secure your financial future, start looking at what’s important and what changes you can make to free up some extra cash in your budget”, says Motlatsi Mkalala, Standard Bank Head of Main Market.

Here are a few tips on how you can start making better choices to secure your financial future:

Organise your monthly budget

First things first, look at your monthly budget – if you do not have one start building it today.

A budget will help you manage your finances and understand your spending habits. When looking at your budget make sure you are not paying for services that you don’t need or subscriptions you never really use.

Another important part of your budget is savings, remember to set aside some funds for saving and investing, start small and be consistent. When you budget consistently, it becomes much easier to reach your financial goals.

Catch up on late payments

The pandemic has had a negative financial impact on a lot of people to the extent that some find themselves unable to keep up with their monthly expenses and subsequently defaulting on repayments. The first option to explore, if you are in this situation, is downscaling your lifestyle.

Downscaling will enable you to lower your expenses and help you cope with your credit obligations.

If your financial situation is a lot more serious, then you need to pro-actively contact your creditors to inform them of your circumstances.

Financial institutions are currently offering payment relief options which are usually over a few months, while you  recover.

Assess your investments

Review your investments, make sure they’re still in line with your goals and if you need to make some changes, seek advice and act on those changes.

Evaluate your insurance cover/s

No matter what your financial situation is, we all want the peace of mind in knowing that we are covered for unforeseen events like the loss of a loved one, an unexpected emergency or retrenchment.

Review all your insurance plans to ensure that you are adequately covered to respond to these events.

Set your financial goals

“Take a closer look at the financial goals you set out for yourself at the beginning of the year, have you achieved any? If your goals look a little out of reach right now due to circumstances beyond your control, take a step back and realign your goals to suit your current situation. Set realistic achievable goals that will encourage you to keep going,” concludes Motlatsi.

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: financial futureMotlatsi MkalalaStandard Bank
Techeconomy

Techeconomy

Next Post

Women Techsters Fellowship Records 76,666 Entries Across 15 Countries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Skit makers - Design Credit - Dataleum

Skit Makers are Solving Practical Problems in Nigeria

1 year ago
9mobile MoreBusiness ComboPak plan

9mobile Refreshes its MoreBusiness ComboPak with Additional Benefits

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.