The Woman & Finance Podcast
Welcome to The Woman And Finance Podcast, a dedicated platform where individuals come together for non-judgmental and jargon-free conversations about personal finance.
Our mission is to empower women in South Africa through valuable financial education and insights. Hosted by Mapalo Makhu, a seasoned personal finance expert and the published author of the book "You're Not Broke, You're Pre-Rich," the podcast delves into a wide range of financial topics, including budgeting, investing, debt management, entrepreneurship, and wealth-building.
Our primary goal is to educate and inspire women, equipping them with the knowledge and confidence to take control of their finances.
If you resonate with the empowering and informative content shared on this podcast, we kindly invite you to hit the follow button. By doing so, you contribute to creating a community where women like yourself can access and benefit from this invaluable information.
Together, let's embark on a journey to financial empowerment and success.
Thank you for being part of The Woman And Finance Podcast community!
The Woman & Finance Podcast
Building a Practical Savings Plan
In this episode, we guide listeners on breaking free from debt reliance by establishing a solid savings plan. We explore the importance of saving, what goals to aim for, and the necessity of an emergency fund—why it’s crucial and how to create one. Contrary to common belief, a credit card should not be mistaken for an emergency fund!
We share practical tips for building an emergency fund and discuss the advantages of having a financial safety net for unexpected expenses. We also review the different types of accounts suitable for emergency savings and consider whether incorporating your mortgage as part of your financial buffer is a good idea.
Additionally, we provide insights on how to save for school fees and daily school-related expenses, as well as how to support your parents in building a home without accumulating debt.
By planning and saving for these costs in advance, you can avoid the pressure of last-minute financial emergencies.
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