How to separate personal finances from business finances' sheds light on the importance of separating personal finances from business finances and how consumers can achieve this.
Manage your business finances’, forms part of our series of financial wellness videos aimed at helping you manage your finances during these difficult times.
Decide if you want to register yourself as an employee of your business, but there are advantages and disadvantages, which she unpacks in this week’s episode.
In this episode, Maya highlights the importance of paying off your debts. When the expenses exceed the income, it becomes easier for one to consider revolving credits such as credit cards or personal loans to cover some of their costs.
According to Maya, maintaining a healthy credit score allows you to have better access to relevant financial services. She notes that this is particularly important when one is looking into financing assets like homes and vehicles.
In this episode, she talks about targeting debt versus investing – the importance of starting with an emergency fund and why compounding matters.