Nothile Finance

There are many reasons  people struggle with saving money. Many factors that we are sometimes are unaware of. In this article we will discuss some of these reasons.  11 reasons you are struggling to save money 1.Cost of living It would be an injustice to talk about saving money without acknowledging the cost of living. The inflation rate keeps rising which means prices are hiking while our income remains the same.  High costs of living, such as housing, healthcare, and education, leave little room for saving after meeting essential needs. 2. You don't Budget (or stick to it) A budget is to your finances what water is to your body. You might survive a day or two without it but in a long term you will feel the effects. Without a clear budget, it's challenging to track income, expenses, and savings. Overspending becomes common, making it difficult to save 3. You live beyond your means Spending more than you earn will leave you with nothing to save.  Spending more than what you ear

Investing in South Africa can offer numerous opportunities for growth and wealth accumulation. However, it's essential to understand that all investments carry some degree of risk. Diversifying your investment portfolio is a crucial strategy to mitigate risks and optimize returns. In this comprehensive guide, we'll delve into the strategies and steps you can take to diversify your investment portfolio in South Africa. Understanding Portfolio Diversification Portfolio diversification is a risk management strategy that involves spreading investments across various assets, industries, and geographic regions. The aim is to reduce exposure to any single asset or risk. Diversification helps balance potential losses in one area with gains in another, ultimately aiming for a more stable and profitable overall portfolio. In South Africa, diversifying your investment portfolio typically involves considering a mix of asset classes, such as equities, bonds, real estate, commodities, and ca

Living frugally involves conscious spending, resourcefulness, and smart financial choices to make the most of your resources while maintaining a comfortable lifestyle.   source: pexel Here are some tips to help you live frugally:  1. Budgeting and Tracking Expenses Creating a budget is the foundation of frugal living. Record all sources of income and categorize your expenses. Analyze your spending patterns to identify areas where you can cut back.  2. Minimalism and Decluttering: Adopt a minimalist lifestyle by decluttering your living space. Sell or donate items you no longer need or use. This not only frees up space but can also provide extra funds.  3. Cooking at Home Eating out frequently can significantly impact your finances. Learn to cook simple, nutritious meals at home, and meal-prep to avoid the temptation of dining out.  4. Saving and Investing Develop a habit of saving a portion of your income regularly. Consider opening a savings account or investing in low-risk options t

 10 Useful Money tips for young adults Navigating personal finance and investments as a young adult can be challenging. No one prepares us for the world after varsity. Where mortgages, car payments, rents, bills, and everything in between sorely depends on you.  A world where money decisions have long term consequences. Young adults are thrusted into the personal finance realm with little to no knowledge of what to expect. In this article we will try to bridge that gap. We will discuss useful money tips for young adults. The do’s and don’ts. While this article might not solve all your financial predicaments, it will surely give you a step into the right direction. So buckle up 10 useful money tips for young adults  1. Don’t use credit for non essential items Having access to a credit card for the very first time is exhilarating. It is also one of those things that can turn into a nightmare pretty quick. Using your credit for miscellaneous things that singular seem like a small amount b

In this failing economy it is no surprise that you are looking for creative ways to save money. In this article we will cover multiple ways you can cut down costs, from food to self care and so forth. You will be covered.  6 Effective ways to save money on food  1. grow your own food A small vegetable garden will save you money while also encouraging a healthy lifestyle. It is no secret that most produce is over priced. It can be hard to incorporate veges in our meals when we are on a tight budget.  If you have a patch of land where you can plant vegetables, do it. Start with easy to maintain veges such as spinach. It is easy to grow and maintain over a period of time. Remember to check your area's climate and sowing seasons.  2. Know your budget Sticking to a budget will help you to save money on anything, food included. Have a grocery list when shopping and only buy items that are on your list.   3. Check your cupboards Shopping your pantry will save you from buying what you alre