Anticipating what is coming.
WHAT MAJOR EXPENSES TYPICALLY ARE
School fees Rent renewal Medical costs Vehicle purchase or major repair Ceremonies and family events Travel Business equipment
WHY PLANNING MATTERS
They are predictable, and unplanned they become debt.
WHAT TO DO
List what is coming in the next year, with dates and amounts.
WHAT TO CALCULATE
The monthly amount required to meet each.
WHAT TO ESTABLISH
Setting that aside, separately.
WHY SEPARATELY
Money in a general account is spent.
WHAT TO ESTABLISH ABOUT SCHOOL FEES
The total annual cost, including everything.
WHAT ELSE THERE IS
Uniforms and books Transport Examination and other charges Contributions
WHY
The fee alone understates it substantially.
WHAT TO DO
Divide the annual total by twelve.
WHAT TO ESTABLISH ABOUT RENT RENEWAL
When it falls due and what will be required.
WHAT TO DO
Set aside monthly from the start of the tenancy.
WHY
It is the commonest cause of housing crisis.
WHAT TO ESTABLISH ABOUT CEREMONIES
What is expected, and what you can afford.
WHY
Social expectation drives spending beyond means.
WHAT TO DECIDE
A limit, in advance.
WHAT TO AVOID
Borrowing for ceremonies Committing to contributions you cannot meet
WHAT TO DO ABOUT COMPETING PRIORITIES
Decide which matter most, deliberately.
