MY FI­NAN­CIAL life

Destiny - - Advertorial -

MY NAME AND AGE ARE

Busi Ma­nunga (25).

I WORK IN…

the me­dia in­dus­try as a beauty as­sis­tant. I’ve been in this sec­tor for the past two years.

HOW I’D DE­SCRIBE MY­SELF…

I’M THE QUIN­TES­SEN­TIAL HIGH-SPIR­ITED MIL­LEN­NIAL WHO’S ALWAYS WANT­ING TO DO MORE IN BOTH MY PRO­FES­SIONAL AND PER­SONAL LIVES, WHILE ALSO EN­JOY­ING AS MUCH of my youth as pos­si­ble.

MY BIG­GEST EX­PENSES EVERY MONTH ARE…

MY CAR AND PHONE BILL. I’M FOR­TU­NATE ENOUGH TO STILL LIVE WITH MY PAR­ENTS, SO I GET TO SAVE A LARGE PART OF MY IN­COME.

IF I COULD CHANGE ONE SPEND­ING HABIT, I’D…

DEf­i­NITELY TRY TO STICK TO MY EN­TER­TAIN­MENT BUD­GET. I SEEM TO GO OVER­BOARD with this one every month!

ON A SCALE OF 1- 10, SAV­ING MONEY IS…

AN 8. SAV­ING IS IM­PER­A­TIVE. I’M PLAN­NING TO MOVE OUT SOON AND A LOT OF SAV­ING HAS GONE INTO THAT. I HAVE TO THINK OF FUR­NI­TURE AND THE FACT THAT I’LL BE BUY­ING MY OWN GRO­CERIES, OVER AND ABOVE THE EX­PENSES OF RENT, ELEC­TRIC­ITY AND WATER.

#REALLIFEADVICE Lib­erty’s fi­nan­cial ad­viser, Odetta Bodibe, of­fers Busi prac­ti­cal fi­nan­cial ad­vice so that she can achieve her goals and still save money :

Stick­ing to a strict monthly bud­get will help Busi be more dis­ci­plined WITH HER MONEY. IT WILL ALSO HELP HER UN­DER­STAND THE DIf­fER­ENCE be­tween her wants and needs.

BUSI COULD CHOOSE TO IN­CREASE HER MONTHLY IN­STAL­MENT TO PAY IT Off SOONER, AS A CAR IS A DE­PRE­CI­AT­ING AS­SET. SINCE SHE’S STILL LIV­ING AT HOME, SHE CAN ALSO START SAV­ING TO­WARDS BUY­ING HER OWN PROP­ERTY. HOWEVER, ONCE SHE MOVES OUT OF HER PAR­ENTS’ HOME, SHE’LL NEED TO RE­VIEW HER MONTHLY EX­PEN­DI­TURE AND CUT BACK ON A FEW THINGS (IN­CLUD­ING THAT en­ter­tain­ment bud­get!).

Busi should also look into in­vest­ing for re­tire­ment. The ear­lier one STARTS, THE BET­TER. SHE SHOULD SPEAK TO A fi­NAN­CIAL AD­VISER OR BRO­KER WHO CAN HELP HER IN­VEST FOR MAX­I­MUM SUC­CESS.

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