Budget Wise – Save Wise and Spend Wise

A very warm season’s greetings to all Namibian consumers of financial services and products. As we step into 2016, many of us are setting new goals—especially financial ones. But as research shows, only 8% of people actually stick to their resolutions. So how do we turn good intentions into real progress?

Don’t be discouraged by financial mistakes or setbacks. Instead, see them as opportunities to grow and learn. If you’ve made errors, take time to reflect, identify where things went wrong, and start making small but meaningful changes. If you’re dealing with buyer’s remorse, take advantage of grace periods to return items or cancel contracts. For bigger issues, stay focused on what’s within your control and work toward your long-term goals. Avoid inaction—create a list of options and take steps to protect your finances.

Talk to those who manage their money well, and don’t be afraid to ask for advice. Knowledge is powerful.

Most importantly, create and stick to a budget. Make it part of your routine, and include small rewards to stay motivated. Financial discipline takes time, but with commitment, improvement is always possible.