Your net worth is the difference between your assets and your debt, it is the big picture number that can tell you where you stand financially. Keep an eye on it, and it can help keep you apprised of the progress you're making toward your financial goals-or warn you if you're backsliding.
I recommend the 22seven Budgeting and Investing App to keep track of your finances.
The bigger picture?
Finance can seem like an intimidating topic reserved for the JSE elite. However, the average investor can often outperform industry insiders by taking a common sense approach. There are three essential activities the average investor must master to implement an effective personal finance regimen:
Following is a brief investigation of each component as well as helpful tools to assist in developing your own program.
Budgeting
The first component of a common sense personal finance program is budgeting, which involves the identification of goals, income streams, and expenses.
Goals
Income Streams
Expenses
An extremely helpful website that can assist you in developing a practical budget is Platinum Wealth.
I have created a budgeting spreadsheet that you can download and use in your computer (use the transactions sheet to update vallues) My Budget Sheet
Saving
After developing a budget which includes an emergency fund, it is important that you find a safe, accessible vehicle for your short term savings. Below are some semi-liquid products that you should consider using:
Flexible savings account
High Yield Savings Accounts (Fixed)
Government Retail Bonds
Investing
For longer term and retirement goals, it is critical that you diversify your investments. Based on your goals, you can select products to meet your desired levels of risk and return. Below are some vehicles you can use to meet your investment needs:
A ton of great investing information can be found in the investment section of Platinum Wealth for example How to buy shares on the JSE or How to get started with your TFSA
Another great thread is Advice needed for starting out with ETFs as well as the Stock Watch Thread
Disclaimer
This information is purely educational - if you are unsure, seek help from a professional.
Investments in the stock market may fall as well as rise and are not appropriate for investing for the short term. You may get back less than you invested. All investment carries risk and it is important you fully understand these risks and are willing to accept them. Past performance should not be seen as an indicator for future performance.
Enclosed in the same shell, SNZB-02 Zigbee temperature & Humidity sensor reports back every couple of minutes. The sensor is powered by CR2450 3V battery. The extra capacity means that the sensor will last a really long time. I have a heater connected to eWeLink app and, once I added a hub (absolutely required) this thing has performed well. The heater is controlled within +- 1°C. That's another thing, eWeLink only provides temperature readings in °C with no option for °F. I'm thinking about placing another sensor on the outside of the window so that I can control based on outdoor temperature as well.
Read The ArticleYou probably know the Sonoff brand for smart home electronics like the POW R2 or the Sonoff Basic switches, but they also released a security camera, the Sonoff GK-200MP2-B. I decided to try it out and made an in-depth review so you can make the right decision. Considering this is Sonoff, a well-known brand for robust electronics. I expect a good working, premium product that just works especially since to use the Sonoff GK200MP2-B, you need the eWeLink application which integrates very well with other Sonoff devices.
Read The ArticleYou might have found that Hulu is limited to US viewers and the BBC iPlayer is likewise limited to UK IP addresses, however using a very easy to set up proxy server you can access BBC Iplayer, Hulu and many others from any country on all of your internet capable devices such as your Laptop, PC, Mobile Device, Kindle Fire TV, Apple TV, Google Chromecast etc. In this guide you get the ultimate viewing experience when streaming/downloading any type of regional or geo-blocked content online.
Read The Article