Your Financial Update #9

Helpful saving tips for challenging times   Times are tough. With the cost of living rising amidst the tough economic conditions brought on by Namibia’s intense drought and rising inflation, it is challenging to get to the end of the month.   “Saving should be a habit. Just like brushing your teeth every morning; so should saving become a routine activity. …

Your Financial Update #8

Effective management skills for franchises There are no guarantees when it comes to business. Even owning a franchised store with a great consumer brand, store location and franchisor support can’t stop a business from getting into difficulties if management skills aren’t up to the challenge of everyday operations. Although a franchisor helps franchisees to be successful by providing the systems …

Your Financial Update #7

Get a head start in saving your money   When you first start a formal job, nothing beats the feeling of having your salary in your bank account and imagining all the things that you can spend it on. It’s easy to live in the moment, because the future seems so far away. But it’s absolutely vital to start planning …

Your Financial Update #6

As inflation increases, hard times definitely lie ahead for most Namibians. However, don’t despair as this is the time when you should think about investing your hard earned money in order to endure these challenging times. Through this question and answer format, Standard Bank stresses the importance of building up an investment to withstand the hard times and get into …

Your Financial Update #5

Get your finances on the right track for 2017   Get down to budgeting Plan how you are going to spend your money and stick to it. This is the key ingredient of budgeting in order to achieve financial success. It’s a fact that there are many people out there who have money, but are actually broke because of not …

Your Financial Update #4

Get a head start in saving your money   When you first start a formal job, nothing beats the feeling of having your salary in your bank account and imagining all the things that you can spend it on. It’s easy to live in the moment, because the future seems very far away. But it’s absolutely vital to start planning …

Your Financial Update #3

Introducing good financial management for SMEs If your eyes glaze over at the mere mention of income statements and balance sheets, it’s time to sit up and pay attention. “Proper financial management, recording both your historic performance and projecting the future cash flow and financial requirements of your business, can mean the difference between long term success or failure in …

Your Financial Update #2

This is our second post on financial know-how from the experts at Standard Bank Namibia. Advise on effective management skills for franchises There are no guarantees when it comes to business. Even owning a franchised store with a great consumer brand, store location and franchisor support can’t stop a business from getting into difficulties if management skills aren’t up to …

Your Financial Update

Helpful saving tips for challenging times. This is the first post in our special series of financially-minded articles, bringing you tips on how to save, exclusive expert advice and sharp money know-how.   Times are tough.   With the cost of living rising amidst the tough economic conditions brought on by Namibia’s intense drought and rising inflation, it is challenging to get to the …