On this episode Bupelo and I discussed financial planning for 2024. Bupelo is our resident guest on everything personal finance. She is a certified financial planner and co running her own consulting firm Lima Consulting.

We reflected on the year 2023 - the interest rates being reduced by 25bps to 2.40% Bank of Botswana.- What this means for you and your spending power. Inflation reduced to 3.1 in October 2023 from 3.2 in Sept 2023 within the Central Bank's preferred range of 3%-6%.

VAT being increased back to 14% from 12% and why the govt needs to be doing this. We touched on why prices of goods and services still seem to be high besides the inflation going down.

We touched on household budget, the need emergency funds, debt management, diversifying your income, life insurance and managing funeral covers. How to manage in these uncomfortable economic times and just get your things in order.

Lastly we also touched on combining incomes as a couple and why it is so imperative for a healthy marriage.

I hope this episode is helpful for you in planning and organising your finances in 2024. Link to the fill episode here https://youtu.be/SBshKlnEa6Q

Happy watching- grab that cup of tea/coffee and enjoy the episode.

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