Step 03: Fix and monitor your credit report

A credit report/record is a record of all your credit history from a number of sources, including banks, credit cards companies, collection agencies, department stores, cellular shops among others.  It contains all your credit history, payment history and all accounts that you have.  Your credit history will include how well you pay your debts: do…

7 Steps to Financial Freedom

On my journey to financial freedom, i came across a book that assisted and guided me on how to become financially free.  But what is financial freedom?  Everyone has their own definition, however my simple definition is plainly knowing and understanding how and where you are spending your money and becoming financially intelligent.  In my…

Step 04: Pay off your Credit Cards and Store Cards.

One of the most important things to get rid of first on your road to financial freedom is debt.  Debt is bad – it incurs high interest rates, in access of 20%.  If you have a lump sum of money in a 32 day notice account, the banks only give you between 4 – 6…

Step 02: Download and Analyse your bank statements.

An important part of budgeting is knowing how and where you spend your money.  What are your spending habits and patterns?  Do you spend on a lot of takeaways?  Takeaways are one of the small expenses that tend to accumulate into a rather sizeable chunk of money spent. A suggestion is to always download your…

Step 01: Draw up a Financial Budget Plan

Yep, so your very first step en route to your financial freedom is to be financially intelligent and to achieve this, you can start by drawing up a budget.  What? … a budget …? Yes, a budget!  The thing that everyone you ask will tell you they have, but do they really have one …?…