Investec's video: The Importance of Having Good Personal Financial Management Investec

Whatever stage you’re in right now, you must have an excellent plan for personal finance management. This is essentially how you manage your investments, savings, expenses, income generation and other personal financial activities. 00:50 Does everyone need to budget? 02:00 The 50/30/20 rule 04:16 What is a life plan? 05:28 Changing your budget to adapt to your evolving lifestyle and needs 07:54 How do you budget to accommodate assisting friends and family? 10:08 Keeping up with the Joneses 11:37 How to manage debt within your budget 13:33 How to ensure you stick to your budget 15:18 How important is it to have an emergency fund? 16:41 How do you budget for long-term goals? For more episodes, visit: https://invest.ec/3Psxh4T