February 26, 2018

Top 6 Finance Tips to Improve the Quality of your Life

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Money does not dictate your lifestyle, it's what you do to get it and how you manage your finances that determines your lifestyle.- Wayne Chirisa      

Regardless of whether you receive an average salary or have millionaire status, without financial intelligence, you could find yourself battling in this area. To be financially smart you don’t have to be a finance expert but you just need to have the ability to manage your finances efficiently. When you find yourself in a financial mess, it is time to pause and evaluate matters. You need to monitor your spending habits and be aware of your spending patterns. This is the first step that will help you realise why you might be facing financial challenges.  

There are so many ways to improve your finances for the better and make smart decisions. This may mean cutting down on credit cards and unnecessary expenditure. It also means that you will have to be more conscious about sticking to your budget, saving money and being loyal to your payments. When you implement these decisions, you will start to see a significant change.

Here are some personal financial management tips. 

1.      Create a Budget and Stick to it 

Balancing your money is the key to having enough. -Elizabeth Warren

Creating a budget is the best way to ensure that your finances are used efficiently. By creating a budget you are able to differentiate between what you need and what you can cut down on. This planning helps you avoid last-minute purchases that are not within your budget. This is not to say that you will deprive yourself of an amazing life or not be able to treat yourself now and again.  It simply means you have a full sight and awareness of your spending and financial commitment. You can always prioritise which spend matter and which ones can wait. You can even save towards these goals. Treating yourself should not harm your budget or prevent you from doing other things that you intended to do.   

2.      Find ways to Avoid Compulsive Spending and Purchases 

The speed of your success is limited only by your dedication and what you're willing to sacrifice.- Nathan W. Morris

It’s very easy to fall into the temptation of compulsive buying which results in overspending. These purchases are normally things you haven’t budgeted for but feel the need to have. This is where the self-discipline needs to come in to stop the urge to get something. When your priorities are clear from the get-go you can make smart choices. This is when you stop and say to yourself if you want to get, you do not have to get it now. This will give you sufficient time to think about the purchase and plan for financially.       

Here are some tangible ways to avoid compulsive spending:

Dealing with the emotions that lead to compulsive shopping
Don’t shop on an empty stomach- This will help you stick to the items on your list 
Unsubscribe from online shops and stop receiving notifications about the sales 
Get rid of your credit card and only purchase what you can afford
Stop using your accounts to purchase items

Money, like emotions, is something you must control to keep your life on the right track.-  Natasha Munson,

At any moment, you can be faced with unplanned expenses when events occur and require us to have money. You may need to pay for additional medical expenses, a burst car tyre or any crisis that needs finances may occur depending on the situation. It is to your advantage to have the finances available for these emergencies and ensure that they are only used then. This will protect you from creating unnecessary expenditure.          

3.      Buy in Bulk and plan your weekly Expenses 

Buying grocery items in bulk can help you save on costs. You get good deals, lower prices on items that are on special. For non-perishable food items, this can definitely be an option. This means that you won’t have to buy the same items for your next month’s budget which allows you to have extra money.  

Although not all people prefer using the cash method, it does help you stay within your financial plan. If you are disciplined enough you can still use the electronic method of payment and put away your savings separately.

Planning your expenses weekly helps you maintain your financial allocation. You can plan your meals, transport money and other weekly expenses ahead of time. This helps you avoid unnecessary spends such as buying takeaways. Another great idea that complements buying in bulk, is to do a bit of meal prep for work and school lunches. Certain foods when cooked and frozen can be a great go-to option that will help free up your time in the evenings and save money.

4.      Save towards your Goals 

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Before anything else, you will need to set achievable goals that you can save towards. Setting the intention to save toward your goals is a great way to help you save up. Writing down what you would like to achieve can inspire you. This can help you work hard towards saving for them. It will also help you stick to your budget and not spend money. Opening a savings account will help you accumulate enough money to achieve the things that you have on your wish list. You can create a timeline for yourself to help accomplish this.

5.      Commit to increasing your Profits 

During this period of evaluating your finances, you could also begin thinking of a second income. For instance, you can seek other jobs and ideas that will bring you an additional income and take the pressure off you financially.

Alternatively, you can commit to growing in your career and increase your skills in order to place you in a higher earning bracket.

6.      Consider consulting a Financial Advisor 

Consulting a financial advisor can save you a lot of money and give your insight on how you can spend your money in better ways. Finance experts have greater economic insight, which will give you a better understanding of how things work as they can provide you with a comprehensive analysis of your financial status.

Every time you borrow money, you're robbing your future self.- Nathan W. Morris

The benefits of consulting a financial advisor are that one; they can advise you on reliable investments or credit and warn you about those that could be illegitimate. Two; they help you see the hidden costs that cause most people to end up in debt. Three; they can tell you all about credit scores, how to save for your future and how to protect your assets. Finance specialists can inform you about how you can keep a credit score. They can also advise you on how to pay off your debts and make better decisions with your income.

Study a Finance Programme with Lyceum College 

Image source: Pixabay 

Do you have a passion for finances and just love reconciling figures? Are you always concerned about economic trends and can you see yourself becoming a finance professional? Maybe this is a career path that you can pursue. You can become a finance expert and gain some of the most lucrative job roles the field has to offer.  

Lyceum offers a Diploma in Management that will enable you with the proficiencies that are needed in this field. The course equips students with top financial accounting abilities to make them specialists in the field. The Diploma is recognised by the Institute of Administration and Commerce (IAC), which gives students the best prospects. With this expertise, you can provide business with the best financial services and create a profitable career. You have the privilege to choose from lucrative career paths such as becoming a financial advisor, Finance officer, an Accountant and much more.  

This decision to improve the way you handle money can help you do more with your finances.  


When money realises that it is in good hands, it wants to stay and multiply in those hands.- Idowu Koyenikan 


About the Author: Khanyie Dlamini Content Creator at Educor Holdings As a writer in the education sector I am passionate about nurturing people in their careers, wellness and personal growth. I focus on a variety of illuminating topics that are helpful to people’s growth and success. I hope to inspire people to feel motivated to live up to their full potential and know they can have an optimistic and prosperous life. My intention is to contribute to an empowered nation that makes great choices and positive change. Personally I enjoy the world of fashion and keeping up with the trends. I have great interest in digital trends and the impact of social media in today’s world. I enjoy learning from other creative people. I value having purposeful relationships with people who have great visions that align with my own.

February 22, 2018

Reasons why Soft Skills are Essential for Teachers in South Africa

There are many teachers in South Africa who are fired up and passionate about the cause of education whilst studying but find themselves in a little bit of a tailspin when faced with the realities of being in the teaching environment. One of the biggest challenges faced by student teachers is coming into an environment that is under-resourced. Something that they are ill-equipped to deal with from a human point of view.

For many young and emerging teachers in South Africa, there isn’t a rosy or cushy pathway to professional success. Some schools have all of the resources, funding and infrastructure required, whilst other schools are beset with student challenges such as:

 Hunger

 Poor concentration during class

 Walking long distances to school

 A syllabus that is out of sync with literacy levels

It is clear that the teachers of today are not just called upon to be intellectually smart and savvy but to also possess well-defined soft skills when dealing with pupils. So what would be some of the most important soft skills that a teacher can develop?

Empathy- You will be dealing with a number of social issues, over and above your normal day and syllabus. Expect that children will come to you with health issues, family problems and more. You will need to be emotionally equipped to deal with this.

Positive Attitude- Your emotional state as a teacher plays a pivotal role in any classroom. Whether you realise it or not, your pupils will be able to read your emotions through your body language and especially if what you say and what you do are out of sync with each other. You will definitely need to feed yourself words of inspiration for teachers and even activities that will help you feel better.

Resourcefulness- As a teacher you sometimes find yourself in a set of circumstances that are not entirely manageable. Especially if you are posted to a school that goes through social challenges such as having different grades in one classroom, which is common in rural areas.

Resilience- In as much as you will need to be there for your pupils and students, you will also have to find ways in which to be there for yourself. Having some kind of internal support structure that allows you to find ways to build your self-confidence and decompress from the challenges that you face.

Solution –Orientated: There will be stumbling blocks, whichever way you look at it. As a teacher and a facilitator, you will need to find ways to keep your pupils engaged and stimulated. This calls for you being solution-orientated and thinking out the box. At this junction, it is critical to have studied a programme in education to assist you in being dynamic in your teaching methodology.

One of the easiest ways to strengthen your teaching acumen is to look at ways to skill up. You could easily study a distance learning qualification through Lyceum, which will help fortify your career in many ways. Upskilling will help you to increase your confidence, find more job opportunities and strengthen what you have to offer to the job market.

As a teacher in South Africa, you will be called upon to deliver in ways that are perhaps not required of another teacher in the world. You will be brought face to face with urgent needs of humanity and you will be challenged to deliver in ways that can be considered above and beyond the call of duty. However, it is in this moment that your courage and resilience must prevail, not just for yourself as a professional, but also for the children and the broader context of creating a stronger society for all.

About the Author
Laeeka Khan- Media professional, senior writer and blogger at Educor Holdings.

I blog about matters that relate to education and personal development. I am an out-of-the-box thinker, fascinated with perceptions of the mind’s eye, the power of imagination and creative learning. I am passionate about the human experience, and an avid believer in dialogue, breaking stereotypes, sharing information and the power of the arts. I also appreciate fine coffee and dark chocolate. Join me on this journey of knowledge and exploration.

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