Managing Your Money

My dear Thinette

Managing Your Money

The way to manage your money must be a goal in itself. The best thing you can ever do for your financial future is to invest in yourself. Do the best training you can afford and develop a high-end skill. Set financial goals.

Never choose an everyday skill and be mediocre. Don’t be another drop in an ocean. Equip yourself with unique skills to earn more money. Find a high-end skill and develop it to the highest degree. Not necessarily academic, but become the best in that field. Become an authority!

Start planning and chase that dream, my dear. Make it a goal to manage your money, achieve and make it a reality, because everything is possible if you set your mind to it!

Have you ever dream of having a Lamborghini like Simon Cowell, a house on the beach like Britney Spears? How about an island like Richard Branson? No, it is not a sin, it can become your inspiration to live your dream!

To just dream about it is a waste of time. If you can look without envy and use it as motivation, that makes sense. Start creating your plan of action.

Why do you think attorneys, accountants and other highly skilled people get paid more? They have specific specialized skills that define them from the rest. If you don’t earn enough you have the level of skills of the majority of people.

Managing Your Money with Guidance with Granny

Have Respect.

When you don’t value and respect money, it will take a great amount of discipline to get to that point.

Be money-wise by managing your money wisely. Know all the how what and why of money, it is a skill you can learn to stay clear of the debt trap.

It goes along with everything else, planning is the key.

Plan to make money work for you, if not, you work for money all your life and get nowhere.

What Value does Money Have?

The way you think about money will have an influence on all relationships my dear. How important is money to you, where would you rank it.

High on the list, normal or not important. A means of survival, a means to comfort or a means to luxury.

Guidance with Granny Managing Your Money Man's wallet with multiple credit cards.

Find a definition for money and it’s value in your life, why it is important to you? You have to have the basics but what else would you like to have?

The way you think about money will have an effect when choosing a career, the planning of your future and to get control over your money.

Managing Your Money Empty purse.


When for the first time did the use of money make an impression on you. What impact did it have on your outlook and how did it influence your beliefs or maybe it inspires you.

Mine was a picture of a yacht in a glossy magazine, the interior was spacious and decorated with navy and white with bright sunny yellow cushions.

It spelt affluence and made such an impact on me but it only stayed a dream and an image.

I never made it became a reality but was never forgotten. It is still at the back of my mind, simmering and might manifest, you never know!

Managing Your Money. A super yacht at the harbour as a goal

Only a few people with a vision, a plan and dedication will make it come true.

It lies in everybody’s ability, but you have to have the Desire, Determination Persistence and Discipline to make it real. It is up to you!

Guidance with Granny Managing Your Money

How will I earn My Money?

There are only two ways of looking at this love. Either do what you love and have not enough money or do what you don’t like and have lots of money.  Very seldom you have it both, but it is with searching for it.

To find the skill you love and be prepared to do it even if you don’t get paid for it is the ideal. Have you thought of it this way, every job has the purpose of solving a problem for someone?

Also, very important, choose a career that will not be made redundant within the next twenty years in the new digital technological era.

Technology will change the face of careers as we know it and many careers will fall away and disappear in this uncertain world.


Do some research on all these aspects to make an informed decision in the field of your choice, a service-based career seems to have a longer lifespan at this moment.

Paper knowledge is not that important but practical skills do count.

How do I manage my money?

Know where your money is going, keep track of every cent. Do a test for thirty days, keep tags on all your spending, name and file the receipts. Keep a daily record of all you are spending, on what and why.

After thirty days you will have a pretty clear picture of the trend in the way you spend your money uncontrollably, see if it is working for you. If not happy, name and shame yourself. Adjust and be disciplined to make it work for you.

Most people only live for the NOW, thinking they will stay young forever, have a job forever, and live forever. The reality of old age, losing a job and death do not occur to them.

Planning, plotting and scheming your future, how to do best for you and your family is very important. Do not just live, overspend and enjoy life as if there is no tomorrow, and be out on the street at old age.

To live life without giving this a thought, will be meaningless. Do some planning and live with a vision.

Guidance with Granny Managing Your Money

Why Budget?

Guidance with Granny Managing Your Money A reminder of COST to illustrate the raising of the cost of everything

What is the meaning of a budget? Budget is just another word for planning the spending of your hard-earned money. You draw up a framework with all the aspects of importance and add your information.

How much money you should spend on different expenses. It is the proposed way to spend your earnings wisely, remember never spend more than you earn.

If ends do not meet you will have to cut on certain issues or find a better-paid job, but you have to stay within your limits, this is not negotiable, it has to happen. Do some proper planning.

Items that should be on your budget framework list are all your monthly responsibilities and all other expenses.

It is important for you to have a roof over your head, sleep, eat, clothes, drive, feel safe and healthy.

Managing Your Money

Never spend money that you don’t have

Start small and keep costs low in the beginning. Find your feet before you start running. People and friends will respect you when you plan wisely and stay out of debt trouble.

It is satisfying to see how you grow, from humble beginnings of second-hand furniture, keeping it in immaculate condition, to the empire you are building, it is very rewarding.

Managing Your Money Picture of a humble beginnings a room with little furniture

Having a clean well maintained a humble home is far better and more welcoming than a state-of-the-art house dirty and messy. Stick to your budget and grow slowly with patience.

Guidance with Granny Managing Your Money

How to Prioritize

How do I know what is important and what has priority? Start with your needs. What would you need to live every day?

  • Pay yourself first every month at least 10 % of your earnings into a one-way account, only in but never out. This is savings you never touch until the age of sixty.

  • This becomes part of your retirement fund. By the time you reach retirement, funds are never enough to see you through my dear. Start from day one! You will not even miss the money, but, it will make a world of difference for you then.

  • A place to stay, by the means of moving in with some housemates or rent a place. It will all depend on the budget. Moving in with a friend is wise, furthermore, save diligently to get your own place. Have at least three times the earnings you get in reserve.

  • Utility bill for the usage of electricity, water etc.

  • A car payment and fuel whether it is your own or a contribution to a transport club.

  • Medical aid scheme. Getting sick is very expensive my dear. The best is to join a medical aid scheme on the level you can afford. Ask the company you work for if they have a medical aid contribution?

  • Food. Plan your menus and buy in advance every week, in addition, stick to your budget and not buy some Wants. Treat yourself with Take-A-Ways once a week or month and make it a feast, but that is that, no more for the rest of the month.

  • Pay yourself an allowance, to buy new clothes, shoes, cosmetics etc.

  • Save money into your savings account to accumulate for something big you really want, maybe a good deposit on a car, a new TV etc.

Managing Your Money with Guidance with Granny

Tips How to Use Money Sparingly

It is not just saving money that is important love, as a matter of fact, it is saving on the small things and everything else from food, electricity, clothes, fuel etc.

  • During summer close the windows, curtains and blinds at nine in the morning to keep it cool. Use fans and if you have to use the air conditioner keep it at 23*C.

  • During winter keep windows, curtains, blinds and doors closed to prevent droughts. Open the windows at midday for fresh air. Set the central heating at 20*C.

  • Buy clothes when shops have sales to get rid of old seasonal stock, normally during February and then again in August. Keep an eye open.

  • Use LED lights bulbs and always switch the lights off when leaving a room.

  • Boiling water and pour it in a thermos flask for tea and coffee, all elements use more electricity.

  • Try to use the oven of the stove sparingly for the same reason.

  • Close the tap when brushing your teeth.

  • No need for a full bath of water, a shower uses much less water.

  • Grow your own herbs in pots on the window sill, it looks pretty and saves you money. Grow your own veggies if you have a garden it is therapeutic too. Nothing better than tomatoes and lettuce fresh from the garden.

  • When out on a weekend trip visit some farm stalls to get fresh organic vegetables and fruit at a lower cost.

  • Plan your menus for a week at a time, buy your supplies on a Saturday and portioned it for the week to come. It saves you a trip during the week and saves money.

  • Or decide you are not going to be satisfied with this way of living, change your mindset, become one of the 1% thinking and planning to become a rich person!

Guidance with Granny Managing Your Money


Having savings accounts is of the utmost importance, my dear. A long term untouchable savings account, earmarked for retirement and short term savings account for everyday use. Here are some expert tips to help you achieve your financial goals.

The long term account speaks for itself, a one-way untouchable account. Have a debit order taking care of it and forget about it. Let it grow and later you can make an investment in a commodity that will grow more.

A short term account can serve many purposes from saving for a new car, TV, holiday, etc it is there for your discrete use for things you need.

Know what the purpose of your life and money should be my dear. Managing your money wisely, most of all, plan thoroughly and start early.

Don’t wait till later, start immediately!

Your loving grandma


The Debt Trap Solved


2 Comments on “Managing Your Money”

  1. Aloha Stella!
    This was quite a journey through all your life experiences resulting in knowing about things. About building good habits that will support one consciously and unconsciously. This is a solid basis for good decisions in life.
    Nowadays, communication between parents and children or grandparents and grandchildren can be very limited. Our kids don’t get a lot of guidance. In school, they often get filled up with information but don’t learn how to solve problems. How to decide what is the best way for them.

    I wish there would be more exchange between the generations like your letters to your granddaughter 🙂
    Wishing you all the best!
    Aloha, Jenna

    1. Hi Jenna, sometimes I wonder why good habits are so hard to follow, it’s so easy to slip into the bad, now I’m talking about eating habits… lol
      It might be a good idea to establish a family culture early when children are still small, to have a time together where everybody just talk and state their option and have to say why on what ever is relevant at that moment.
      This will be the perfect time to teach them and correct them on life skills. Do this before they have a schedule of their own with all the techno stuff.
      It should be a pleasurable fun time for all and be a family habit they would want continue one day when they have families.
      Thank you for stopping by and a very good and relevant comment, it inspires me.
      Take care

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