MENTHER TECHNOLOGY MENTHER WEALTH
PLAN TO WIN How to hit the ground running THENDO MULAUDZI
T
he biggest challenge many people have when it comes to the New Year is planning. People will set all these new year’s resolutions and not plan accordingly. Many people, like myself, suffer from FOMO (fear of missing out) and on several occasions I have suffered from the JAN-U-WORRY effect due to failure to plan my finances for the new year. You simply cannot hit the ground running if you’ve not planned for it. It’s like running a comrades marathon, you’re not
simply going to wake up and run the next day, you need to plan for it. Similarly, if you want to hit the ground running in New Year you need to plan for it well in advance. Many South Africans get paid on the 25th of the month, however in December they get paid 10 days earlier. This effectively means that a paycheque that normally lasts 30 days, now needs to last 40 days and all through a very busy festive season (cue #kedizemba and SBWL). In order to have a good start to the
new year the planning needs to already happen with your November paycheque to ensure that you don’t over spend in November. You need to ensure that November paycheque, earnings or revenue lasts you until the 25h of December even though you get paid early. Often the easiest thing to do is when you get paid on the 15th of December is to move your salary to a savings account for 10 days and “pay yourself back” on the 25th of December. Same with your business finances, budget ahead for the office
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