How to Tailor Your Personal Finances – POV: Pizza Budget
Budgeting plays an important role in shaping our financial well-being and freedom. However, managing finances can sometimes be complicated. What if we could make the process more enjoyable and a little more relatable? Here’s some food for thought. Like a sliced pizza, your budget can be cut into different portions to help you spend your money better and reach your goals. By going on this forecasting journey with Capfin, you can see where you have a surplus in your budget, which you can inject into your savings pot or your next opportunity, ultimately bringing you closer to reaching financial freedom.
We’ve already introduced the 40/25/25/10 rule, an exciting and simple new way to manage your budget. To quickly recap, this rule involves splitting your expenses into the following portions: need to have, need to do, wants, and savings. For example, 40% of your income would go to your needs, such as rent or bond, electricity, transport, etc. link
Breaking Down Your Budget into Slices
Now that you are caught up, we’ll focus on the 25/10 parts of the 40/25/25/10 rule. Remember, at this point, we’ve had 65% of our pizza and are left with two slices. How do you make the most of these remaining portions?
25% is completely and entirely for credit repayments. This could involve paying back loans, credit cards, and store cards. Remember, this slice of your pizza budget will be determined by the repayments you must make, but the range should be more or less the same as this guide.
You are now left with a slice representing 10% of your budget. Cut the remaining slice down the middle and dedicate the first half to your savings. This slice is your safety net. You could use it to build an emergency fund or save up for a big purchase.
The remaining 5% goes towards your investments. This slice is dedicated to your investments and policies to help you enjoy more pizza in the future. Budgeting has never been easier!
Planning for Financial Goals with the Help of Capfin
Slicing your budget into these portions paints a clearer, more realistic picture of your financial plan. You can see what you must work with and where to make the necessary adjustments.
Be that as it may, there are times when investing in yourself or others requires extra financial support. There are also times when you need those extra funds to take advantage of a new opportunity. Where do you get that reliable, affordable backing suited to your needs?
Whether you are renovating or extending your home or to fund your new side gig, a personal loan from Capfin could boost your skills and tools required.
Capfin offers personal loans to fund your next goals, providing quick and convenient access to funds when needed most. With flexible repayment terms tailored to your risk profile, Capfin ensures you can manage your finances effectively while pursuing your goals.
Navigate your next opportunity with ease and peace of mind. A carefully structured Capfin loan sets the stage for financial flexibility. Remember, after running the numbers, you can tailor the 25% portion of your budget to best suit your personal loan repayments without breaking the bank. Do you have a little extra money this month? Use whatever extra you can to pay off the smallest debt to help you get in the clear faster, bringing you closer to a fulfilling and financially secure future.
How a Capfin Loan Can Fit into Your Pizza Budget
Shaping your personal finances like a pizza makes budgeting more engaging and empowers you to take control of your bank balance and financial journey. When you break your budget into manageable slices, you can better plan for your financial goals and take advantage of helpful tools like a Capfin loan, allowing you to savour the tangy-sweet taste of financial success one slice at a time. Ready to take the next step towards your pizza budget? Let’s dig in!
Let Capfin set you up for success. Here are some practical tips to help you stick to your budget:
Your pizza budgeting process, for example, is not once-off. To get the most out of it, you need to review and adjust it regularly as your income and expenses shift. By consistently following these tips, you will form good money habits.
Get a personal loan for your needs. With Capfin personal loans of up to R50 000 and repayment terms of 6, 12, or 24 months tailored to your risk profile, our simple application process means you can access funding quickly and easily. Take the first step towards achieving financial well-being with Capfin. Apply online at www.capfin.co.za, via SMS to 33005, or by visiting any PEP or Ackermans store near you.
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