Eliminate the financial strain this holiday

To view the content on this page, you have to log in or register.
Thank you!


How to attain financial enlightenment

To view the content on this page, you have to log in or register.
Thank you!


How to hone financial readiness

Reading time: ±1:50 min.

Remember all the times you managed to recover from an unexpected setback? That’s called resilience, the ability to bounce back after an unexpected challenge. ‘Prosilience’, on the other hand, is ensuring readiness – that you’re prepared before anything happens.

Prosilience is a crucial skill in building financial security, as it ensures that you’re prepared to face financial difficulties. Use the below questions as a guideline for things you should keep in mind.

1. Assess how ready you are for financial setbacks

  • Are you prepared for the death of a loved one?
  • Can you survive the loss of a job or an income in your family?
  • Are you able to cover hospital bills in a medical emergency?
  • If you become critically ill or disabled, will you be taken care of?
  • Can you cope financially if you suffer damage to or loss of your home, car or laptop, or major appliances like your fridge?

2. Do a mini insurance audit

  • What cover do you have? This includes your life insurance, medical aid and top-up cover, short-term insurance and income-protection policies.
  • Do these policies cover your specific requirements?
  • Is the amount of cover on each policy sufficient?
  • Do your policies reflect your correct details and status?
  • Have you met all the insurers’ requirements?

3. Be prepared by covering all your bases

  • How else can you prepare for future financial success?
  • Have you drafted an updated will?
  • Have you checked that all beneficiary nomination forms are current?
  • Do you have emergency funds equal to at least six months’ worth of expenses?
  • Are you putting away a portion of your income for your retirement?
  • Are you saving for holidays, further education or to realise a dream?
  • Have you invested in assets that will allow your wealth to grow?

Remember, your financial coach is available to guide and assist you. If you have any queries about the above, contact your Interface financial coach here.

For more financial advice, read these helpful articles:

The information is shared on condition that readers will make their own determination, including seeking advice from a finance professional. E&OE.


Financial accountability is the key to financial success

Read time: ±1:50 min.

Accountability is important for achieving success in every aspect of life, but when it comes to financial success, it is crucial. Here’s a look at why that is and how you can unlock financial success through accountability.

Accountability is recognising and accepting that you are responsible for the choices and actions that contribute towards your success. People who take responsibility speak up, find solutions and answers, and take decisive action.

What is financial accountability?

When it comes to your finances, do you hold yourself accountable? It is easy to blame others for a lack of financial success!

Are you juggling accounts and missing payments? Are you saving for emergencies and for your future? Have you got the right insurance in place? Perhaps you blame your company for not paying you more, or your family commitments for not allowing you to save?

Financial accountability means you accept responsibility for what you choose to do with your money and for the financial actions you have not taken.

Try this accountability challenge:

It is vital to take stock of your financial responsibilities to improve your financial life. Here are four ways to get started:

Review your expenses: draw up a budget so you know exactly where your hard-earned money goes, then eliminate unnecessary expenses.

Take responsibility for your debt: check your credit report and take responsibility for maintaining a good credit history. Make a list of the outstanding amounts and the interest payable and take action to reduce this debt.

Prepare for unforeseen events: take responsibility for possible unexpected events by having an emergency fund and the right insurance, such as short-term, life, medical, disability and income protection.

Take charge of your future: make provision for your retirement and start saving for your future goals, whether it’s buying your own home or car, travelling or starting a business.

Only you can take responsibility for your financial success, but your financial coach is available to guide and assist you with every step! Contact your financial coach for guidance to achieve your financial goals. It is free and available for you to use.

For more financial advice, read these helpful articles:

The information is shared on condition that readers will make their own determination, including seeking advice from a finance professional. E&OE.


3 ways to be money-conscious

To view the content on this page, you have to log in or register.
Thank you!


The 2021 National Budget Speech: Key points

To view the content on this page, you have to log in or register.
Thank you!


How to escape the debt trap

To view the content on this page, you have to log in or register.
Thank you!


How to commit to your financial goals

To view the content on this page, you have to log in or register.
Thank you!


You are using an unsecure browser

Please updgrade your browser to any of the browsers found here: browsehappy.com.

×