Managing the family budget now requiers better use of technology, in order to enhance personal financial management, more now than before. Therefore, becoming financially literate will give you, the consumer, better use of financial products and services, and hence improve your ability to make an educated choice when buying products and services.

Managing your financial life starts with a dream-the-dream of a secure future. Many people wonder how this is possible with all the financial issues that take priority in their lives, such as trying to pay the bills on a fixed and limited income and other demands placed on their salary. The questions you will be asking are how these financial challenges can be managed and still buy your wealth plan.

Start by using goals, setting and writing these down - at this stage you may need help from a family member or a friend to come up with some ideas. Do not leave anything out. This is your ‘want list’, not a Wish list. Make your retirement planning a priority, regardless of your age.

What is Wealth?

You may have you own definition of what it means to be wealthy. Some people may consider themselves wealthy simply because they are able to pay their bills on time, have some money in the bank and are debt free.

What Is Wealth Planning?

Wealth planning is a co-ordinated process for identifying, planning for and meeting goals related to financial needs for individuals, families and small businesses...

A process of managing your finances to help you to make the most of your money to achieve your goals.
The process of meeting your life goals through the proper management of your finances.

Who needs a wealth plan?

We all have our own wealth plan of some description. Until you have set out your wealth plan on paper and take action to make that start, that plan is not a plan it is just a wish. You don’t need to be wealthy in order have a wealth plan, a wealth plan is needed more so when the income is fixed and stretched to meet all bills.