By Sydney Sekese, CFP® professional and FPI 2016 Media Award Winner

As I write this article, South Africa is faced with many challenges. The latest drawback being the announcement by Stats-SA that the economy had contracted by 0.7% for the quarter ending June 2018. The first quarter growth was already negative at -2.2%. This experience is known as a technical recession where an economy suffers two consecutive quarters of negative economic performance. In short, it implies that the economic activity of a country is declining.  A shrinking economy puts all citizens under pressure in many fronts, especially with regards to financial constraints. This is never a good thing. In South Africa’s case it’s particularly serious because the country needs strong economic growth to make inroads into unemployment, which currently stands at more than 27%.

The month of September brings an opportunity for most of us to “spring clean” our finances. This is no time to panic, it is an opportunity to put your financial house into better shape.  On the other hand when spring hits, we can momentarily lose our money management mind and our focus on good spending habits.

At this time of the year your annual review should be part of your steps towards achieving financial goals. This will assist in avoiding knee-jerk reactions caused by unpredictable and untimely events similar to the recession challenges mentioned above. This is the time when you and your financial planner should be sitting down for a holistic discussion on your progress against your financial action plan. Typical questions to ask your planner include:

  • Am I on track to reach my goals?
  • Are any changes necessary? Why, or why not?
  • Do we have the same expectations?
  • Is there anything I need to know or understand from an investment perspective to assist me in making changes to my financial plan?
  • How often should we meet and who will set up these meetings?

Having a meaningful conversation with your planner also helps to cement the trust and confidence needed for a healthy working relationship.

Having said that, you also have the responsibility to take proactive steps and be accountable for your own financial success. A financial introspection is necessary in September. This will keep you on track and alleviate potential financial traps as we approach the “silly” festive season.

Provided below are self-help tips you can adopt:

  1. Know your numbers – Knowing how much debt you have is the first step to chipping away at it
  2. Get your annual credit score – This will make you aware of any potential risks and opportunities that you need to be aware of.
  3. Clean up your accounts – Ask yourself if you need to have more than one credit card
  4. Do you have an emergency fund in place? The fail safe rule for savings is to have at least three months’ worth of cash for emergency
  5. Budget – Revise your budget, be sure to free up funds to cover increases in petrol and food prices
  6. Estate planning- Review and update your will

Final Thoughts

Spring is all about new beginnings. It’s a time of renewal, and the perfect chance to ditch bad habits and create new ones. If you want to stay on track this spring, it’s wise to get on a budget and stay on a budget. Don’t let the warm weather lure you into spending more than you planned, and don’t try to keep up with the Joneses, or Motsepes and their new cars, lawn furniture, or wardrobe. The temptation will always be there, but you’re the one in control. Use the warm weather to rejuvenate your dedication to financial wellness, and you’ll thank yourself later.



208 thoughts on “A new season, new challenges and new opportunities”

  1. Heya i am for the first time here. I found this board
    and I find It truly useful & it helped me out much.

    I hope to give something back and aid others like you aided

  2. I love your blog.. very nice colors & theme. Did you make this website yourself or did you
    hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to know where u got this from.


  3. I think what you typed was very logical. But, what about this?
    what if you typed a catchier post title? I am not suggesting your information isn’t good,
    but what if you added something that makes people desire more?
    I mean A new season, new challenges and new opportunities is a
    little vanilla. You could look at Yahoo’s front page and see how they create post
    titles to get people interested. You might add a video or
    a pic or two to grab readers excited about what you’ve got to say.
    Just my opinion, it might bring your website a little bit more interesting.

  4. This design is spectacular! You definitely know how to keep a reader entertained.

    Between your wit and your videos, I was almost moved to start my own blog
    (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you presented it.
    Too cool!

  5. I believe what you said was actually very reasonable.
    However, think about this, what if you were to write a killer headline?
    I mean, I don’t want to tell you how to run your blog, but suppose you added a
    headline to maybe grab folk’s attention? I mean A new season, new challenges and new opportunities is kinda vanilla.

    You could glance at Yahoo’s home page and watch how they create news headlines to get people to
    open the links. You might add a video or a related pic or two to grab
    readers excited about what you’ve got to say. In my opinion, it could
    make your posts a little livelier.

  6. Can I just say what a comfort to discover somebody that actually understands what they’re talking
    about over the internet. You certainly understand how to bring an issue
    to light and make it important. More and more people must read this and understand this side of the story.

    I was surprised that you are not more popular because you certainly have the

  7. You really make it seem so easy with your presentation but I
    find this topic to be really something which I think
    I would never understand. It seems too complicated and very broad
    for me. I’m looking forward for your next post, I’ll try to get the hang of it!

  8. Greetings from Ohio! I’m bored to tears at work so I decided to browse your site
    on my iphone during lunch break. I love the info you provide
    here and can’t wait to take a look when I get
    home. I’m amazed at how fast your blog loaded on my cell phone ..

    I’m not even using WIFI, just 3G .. Anyways, amazing

  9. When someone writes an paragraph he/she maintains the idea of a user
    in his/her mind that how a user can know it.
    Therefore that’s why this post is outstdanding.

  10. Have you ever considered creating an e-book or guest authoring on other websites?

    I have a blog based on the same information you discuss and would really like to have you share some stories/information. I know
    my subscribers would enjoy your work. If you’re even remotely interested,
    feel free to shoot me an e-mail.

  11. Thank you for some other great article. Where else may
    just anybody get that type of information in such an ideal means of writing?

    I’ve a presentation subsequent week, and I’m on the search for such info.

  12. Hmm it seems like your website ate my first comment (it was
    super long) so I guess I’ll just sum it up what I wrote and say,
    I’m thoroughly enjoying your blog. I too am an aspiring blog writer but I’m still new to everything.
    Do you have any tips and hints for beginner blog writers?
    I’d certainly appreciate it.

  13. Heya i’m for the first time here. I found this board and I
    find It truly useful & it helped me out a lot. I hope to give something back and help others like you helped me.

  14. After I originally commented I seem to have clicked the -Notify me when new comments are added- checkbox and from now on whenever a
    comment is added I recieve four emails with the exact
    same comment. Is there a way you are able to remove me from that service?

  15. That is a good tip particularly to those new to the blogosphere.
    Simple but very accurate information… Many thanks for sharing this one.
    A must read article!

  16. Thank you for the auspicious writeup. It if truth be told used to be a amusement account it.
    Glance complex to far brought agreeable from
    you! By the way, how can we communicate?

  17. Greate post. Keep writing such kind of info on your site.

    Im really impressed by your site.
    Hey there, You have performed a great job. I’ll definitely digg it and in my view
    recommend to my friends. I’m confident they will be
    benefited from this web site.

  18. Hi would you mind stating whichh blog platform you’re using?

    I’m planning to start my ownn blog soon but I’m having a difficult
    tije selecting between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then moset blogs and
    I’m looking for something unique. P.S Apologies
    for being off-topic but I had to ask!

  19. I’m impressed, I have to say. Actually not often do I encounter a blog that’s each educative and entertaining, and let me let you know, you’ve hit the nail on the head. Your idea is excellent; the issue is one thing that not enough people are speaking intelligently about. I’m very blissful that I stumbled across this in my search for something relating to this.

  20. Thank you very much for your writing and your article and I wish you continued success. Please try to produce such valuable content in the following processes. In addition to this article, I am very happy to see your unique content.

  21. Simply wish to say your article is as surprising. The clarity to your put up is just cool and i can suppose you are an expert in this subject. Well together with your permission let me to snatch your RSS feed to keep up to date with drawing close post. Thank you a million and please keep up the enjoyable work.

  22. Hey There. I found your blog using msn. This is a very well written article. I’ll be sure to bookmark it and return to read more of your useful info. Thanks for the post. I will definitely comeback.

  23. fantastic submit, very informative. I wonder why the other specialists of this sector do not understand this.
    You must continue your writing. I am sure, you have
    a huge readers’ base already!

  24. I am really impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the excellent quality writing, it’s rare to see a great blog like this one nowadays..

  25. I like the helpful info you provide in your articles. I will bookmark your blog and check again here regularly. I’m quite certain I’ll learn a lot of new stuff right here! Best of luck for the next!

  26. I’ve been surfing online more than three hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. Personally, if all webmasters and bloggers made good content as you did, the internet will be much more useful than ever before.

  27. Hello there! Do you use Twitter? I’d like to follow you if that
    would be ok. I’m absolutely enjoying your blog and look forward to new updates.

  28. Букмекерская компания 1хбet на данный момент считается абсолютным лидером на российском рынке виртуальных азартных игр. Благодаря разнообразным акциям, широкой сети партнерского маркетинга и современному интерфейсу БК входит в рейтинги лучших на территории СНГ. Главное и неоспоримое достижение компании – сохранение доверительных отношений с игроками, которые делают ставки. Если обратиться к статистике, то геймеры из СНГ стараются не работать с конкурентами и выбирают БК 1хбet. Опытные беттеры настоятельно рекомендуют новичкам использовать зеркало 1хбet, поскольку его возможности произвели настоящую didgital революцию в мире ставок. Благодаря резервному серверу можно обойти блокировку и получить доступ к платформе в режиме 24/7. Такой подход дает возможность клиентам зарабатывать независимо от дня недели и времени суток. Доверие к БК подкрепляется финансовыми показателями. Постоянный поток прибыли позволяет повышать коэффициенты, проводить выгодные акции и предоставлять бонусы новичкам. Если перед вами стоит выбор БК, то рекомендуем прочесть данную статью и узнать, как работают «зеркала». С ними работают все российские букмекерские компании, поскольку это является единственным способом обойти территориальные ограничения и продолжать свою непосредственную деятельность.

    1xbet рабочая ставка- официальный сайт, зеркало рабочее на сегодня!

  29. Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It will always be interesting to read through articles from other writers and use a little something from other sites.

  30. If your men and boys get live nba football thrills in front of the telly at home then its high time your treated them numerous match passes. It may be this really is gift but any football fan will state you it is a winner.

  31. I simply wasn’t a very good player. play.fpt vtv3 The thrill I played for half a year or so until To begin to stop. Or maybe I was began the team, I don’t remember. What matters is always feeling Received when I first wore my football set.

  32. whoah this blog is wonderful i like reading your posts. Stay up the great work! You understand, lots of persons are hunting round for this information, you can aid them greatly.

  33. obviously like your web-site but you have to check the spelling on quite a few of your posts. Several of them are rife with spelling problems and I find it very bothersome to tell the truth nevertheless I will certainly come back again.

  34. Свой веб-сайт сможет помочь Для Вас стремительно понять во законах вид развлечения также извлекать благодарные композиции ранее со 1-ый вращений барабанов. По Какой Причине непосредственно Azino777? Но неужели имеют все шансы являться колебания? В Случае Если вам хорошо понимаете во игровых автоматах, в то время Вам четко представляете свойства наилучших интернет клубов: порядочность, безопасность, большой степень дисперсии также обширный перечень игр. Все Без Исключения данное имеется около нас!
    Игровые автоматы 777

  35. Hello. Game NEW Server or Elite Server Counter Strike 1.6. – ЭЛИТА УКРАИНЫ ::ES:: SKILL ELO – Крым НАШ ::ES:: Public – Chicago-City :ES:(Only Dust2 – DM)

  36. An impressive share! I have just forwarded this onto a co-worker who has been conducting a little homework on this. And he actually bought me dinner because I discovered it for him… lol. So allow me to reword this…. Thank YOU for the meal!! But yeah, thanx for spending time to discuss this matter here on your web page.

  37. I must express my thanks to the writer just for rescuing me from this type of dilemma. Just after scouting throughout the the net and coming across proposals which are not powerful, I was thinking my entire life was done. Existing devoid of the strategies to the problems you have resolved by way of your good guide is a serious case, and the ones which might have in a wrong way affected my career if I had not noticed your site. Your main competence and kindness in handling a lot of things was vital. I am not sure what I would’ve done if I had not discovered such a thing like this. I’m able to at this point relish my future. Thanks very much for the skilled and effective guide. I won’t hesitate to endorse your web blog to anyone who needs to have direction on this subject matter.

  38. Thank you so much for giving everyone remarkably marvellous opportunity to read articles and blog posts from here. It is always very sweet and also packed with fun for me personally and my office peers to visit your website not less than three times in a week to read through the newest secrets you will have. And definitely, I’m also at all times satisfied with the unique strategies you give. Some 4 areas on this page are in reality the finest I’ve ever had.

  39. I am writing to make you know of the outstanding discovery our girl had reading through your web site. She figured out a lot of pieces, most notably how it is like to have an excellent coaching spirit to get many more really easily thoroughly grasp a variety of problematic things. You undoubtedly surpassed readers’ desires. Thank you for showing those important, healthy, explanatory as well as unique tips on that topic to Kate.

  40. Thank you so much for providing individuals with an extremely brilliant opportunity to discover important secrets from this blog. It is usually very kind and packed with a lot of fun for me personally and my office co-workers to visit your site not less than thrice every week to study the latest guides you will have. Of course, I’m just actually fulfilled with all the astounding tips served by you. Selected two tips in this posting are in reality the very best I have had.

  41. My husband and i were quite delighted that Raymond could finish off his investigation from your ideas he made from your site. It’s not at all simplistic to just happen to be giving freely tips and tricks which a number of people have been making money from. And we fully grasp we now have the blog owner to be grateful to because of that. The most important explanations you have made, the easy web site navigation, the friendships you will make it possible to foster – it is many astonishing, and it’s really leading our son in addition to our family believe that that idea is awesome, which is highly essential. Thanks for the whole thing!

  42. Thank you so much for giving everyone a very splendid possiblity to read critical reviews from here. It can be so pleasing and as well , full of a lot of fun for me personally and my office acquaintances to search your site the equivalent of three times per week to see the latest items you have got. Not to mention, I am usually astounded concerning the amazing guidelines served by you. Some 1 ideas in this post are unequivocally the most impressive we have had.

  43. I and also my pals ended up reading the excellent tips and tricks found on your website and then unexpectedly got a terrible feeling I never thanked the site owner for those strategies. All of the ladies happened to be certainly warmed to study them and have simply been tapping into those things. Appreciate your really being simply considerate as well as for considering variety of impressive resources most people are really desperate to be informed on. My honest apologies for not saying thanks to you sooner.

  44. You are so awesome! I do not think I’ve truly read through anything like that before. So great to find somebody with genuine thoughts on this subject. Really.. thank you for starting this up. This site is one thing that is required on the web, someone with a bit of originality!

  45. Добрый день дамы и господа!Есть такой интересный сайт для заказа бурения скважин на воду. Бурение скважин в Минске – полный комплекс качественных и разумных по цене услуг. Заказывайте скважину для воды в АКВАБУРсервис – получите доступ к экологически чистой природной воде по самым выгодным в Минске ценам! Почему роторное бурение — более результативное? Роторное бурение в МинскеКогда бурится менее глубокая, фильтровая скважина, то используется обычное долото-резец и шнеки (стержень со сплошной винтовой поверхностью вдоль продольной оси), которые «ввинчиваются» в породу. При роторном бурении применяются шарошечные долота из высокопрочных сплавов с центральной или боковой промывкой, которые пробивают любую породу. При этом промывочная жидкость осуществляет выброс грунта из скважины и препятствует обрушению стенок пробуренного ствола. Поэтому роторным способом достигается глубина более 200м. Почему бурение называется роторным? Долото проходит твердую породу не только потому, что прилагает усилие и «пробивает» ее, но и потому что вращается и подает промывочную жидкость под давлением. А вращается долото при помощи ротора — крутящейся части двигателя. Ротор применяется в ряде технических областей, и бурильное оборудование — не исключение.

  46. An outstanding share! I have just forwarded this onto a coworker who had been doing a little research on this. And he in fact bought me lunch because I stumbled upon it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending some time to talk about this issue here on your site.

  47. May I just say what a comfort to discover somebody that genuinely knows what they’re talking about on the internet. You definitely realize how to bring a problem to light and make it important. More people need to look at this and understand this side of the story. I can’t believe you aren’t more popular because you surely have the gift.

  48. The 3 cigars were dried out & damaged. After a week they finally replaced them.|I’ve had no problems setting up accounts with several other major cigar website sites using different billing and shipping, right from the get-go. 90% of my shopping is done through cigarmonster’s mash-up. Their CM prices are the lowest I can usually find around on the web,marijuana dugout one hitteryou just have to be patient to see what shows up there during the summary listings at 11am and Friday all evening. Customer service is great, did a couple returns no problem, and they’ve even sent freebies. I have ordered from FSS five times, four of the times have been back ordered.|I’ am so incensed about this,

  49. Hi, I think your website may be having web browser compatibility problems. Whenever I look at your site in Safari, it looks fine however when opening in I.E., it’s got some overlapping issues. I just wanted to provide you with a quick heads up! Apart from that, great site!

  50. A fascinating discussion is worth comment. There’s no doubt that that you need to publish more about this issue, it might not be a taboo subject but generally people don’t discuss such topics. To the next! Many thanks!!

  51. 2 важнейших проблемы, какие появляются около любого, кто именно желает создать жилье, данное: тот или иной использованный материал подобрать также тот или иной фирмы поручить подобное существенное проблема.

    подборки проектов домов из газобетона

  52. My brother recommended I might like this web site. He was entirely right. This post truly made my day. You cann’t imagine just how much time I had spent for this information! Thanks!|

  53. Я ставим никак не только лишь ограды с целью индивидуальных зданий, однако также заборы с целью дачи. Около нас вам сумеете подобрать подобные огораживания, какие станут безупречно гармонировать во строительный проектирование здания. В Случае Если около вам имеется предоставление во Дмитрове – названиваете нам!

  54. Trong năm 2021, ĐT nước ta nối tiếp đối mặt cùng với lịch tranh tài tại bảng G Vòng loại thứ hai World Cup 2021 khư vực châu Á.|Theo dõi hóa học lượng network và mối cung cấp xem bóng da trực tuyếnphạt sóng vào thời hạn thực để giúp nhân viên xem lựa chọn kênh thích hợp. Chia sẻ dữ liệu giữa vớ cả người xem, góp cho kênh hoạt động và sinh hoạt ổn định hơn.

  55. Good post. I learn something new and challenging on websites I stumbleupon every day. It will always be useful to read through content from other authors and practice a little something from their web sites.

  56. Bộ ba này đùa hưng phấnxem trực tiếp bóng đá keo nha cai cùng với 8 bàn thắng vào lưới Roma ở bán kết Europa League, hay 6 bàn thắng được ghi trong 2 trận ở Ngoại hạng Anh trước Tottenham và Burnley. Cuộc biểu tình của những kẻ quá khích đang đẩy Manchester United vào tình cảnh khó khăn. Hậu vệ người Anh dứt điểm trái phá, tuy nhiên thủ tế bàon Martinez của Villa vẫn thực hiện chủ được tình hình.

  57. I have to thank you for the efforts you have put in penning this website. I’m hoping to check out the same high-grade content by you later on as well. In truth, your creative writing abilities has encouraged me to get my own, personal website now 😉

  58. I’m impressed, I must say. Rarely do I encounter a blog that’s both equally educative and amusing, and let me tell you, you have hit the nail on the head. The issue is something which not enough folks are speaking intelligently about. I am very happy that I stumbled across this during my hunt for something relating to this.

  59. Hey just wanted to give you a quick heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same results.

  60. In a nutshell it’s say that these football checks are likely to bring out of the đội hình Real Madrid on your own favorite a sport. You can use these checks to pay out your rent, electricity bills and even your kids’ school fees and penalties. You can even use them to build relationships with clients if you are running limited enterprise.Tennessee Titans QB’s: So Kerry Collins gets start off and soon has to give with compensation. The height of the faculty football months are bowl season outings. The score is not constant when referring to football.

  61. Howdy! I could have sworn Iíve visited this website before but after looking at some of the articles I realized itís new to me. Anyhow, Iím definitely pleased I stumbled upon it and Iíll be book-marking it and checking back often!

Leave a Reply

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