Member Newsletter 2021 Q4

Member Newsletter

Quarter 4 • 2021

Think about what you want or need in life and set yourself some financial goals. Planning for your retirement is also an important goal. One of the best tools to help you achieve these goals is to use a monthly budget. In this newsletter there is a step-by-step guide on how to create your own monthly budget. On our website you can download these helpful budget sheets. This is a great way to shrink debt and achieve financial wellness.


Create a monthly budget and start saving towards YOUR FINANCIAL GOALS.
A budget can help change your spending habits so that you save money, shrink debt and achieve financial wellness.
First, set your goals
Think of your goals as a destination, and your budget as a map. This gives you a clearer understanding of a budget and how important it is.
Some guidelines for setting your own goals:
  • Each goal needs to be specific.
  • Keep your goals simple.
  • Give your goals a rand figure.
  • Your most important goal is planning for your retirement.
  • Give a time frame for all your goals and set realistic deadlines.
  • Think about what you want or need in life. Your child's education, a holiday, or a new home are some examples. Create goals like these.
  • It is best to consult a financial adviser who will give you guidance and help you achieve your goals. Contact the Alexander Forbes Individual Advice Centre (IAC) on 0860 100 444 or email them at
  • Most goals that you set will need money – and having a monthly budget will help you to achieve your goals.

Track your spending

Next, record your day-to-day spending in a spending diary. This will help you find out exactly where you are spending (or squandering) your money. In order to draw up a realistic monthly budget, it is important to know your spending patterns.
Some handy tips:
  • Carry a small spending diary with you, especially if you find it hard to keep track of your spending.
  • Write down every cash and card purchase, even for the smaller things such as your morning coffee.
  • Keep your receipts. This makes it easy to record your spending later.
  • There are also handy cellphone apps that can help you keep track of your spending.
  • Start grouping your purchases in categories such as groceries, restaurants and petrol.

Create your monthly budget

One of the most important things that you can achieve for you, your family and your future is financial wellness.
  • A budget will help you reach the financial goals that you set for yourself.
  • Your budget will help you to change your spending habits so that you can save money, shrink your debt and invest in your future.
Your step-by-step guide
Track your spending and add up the daily amounts for one month. The ideal way to do this is to use a spending diary.

Fill in your spending totals on a monthly budget sheet. You can visit our website and download helpful budget sheets.

You will find the following budget sheets that you can download and use:

Study your budget sheets and see where you can reduce costs or save money.
Your fixed monthly expenses will include your mortgage or rent, insurance and school fees. See where you can cut down on your monthly expenses, as this will have a recurring impact on the amount of money you save every month.
To save money, it is sometimes easier to adjust your day-to-day spending habits. Visit our website and see some examples of how to reduce your spending. Go to Create a Monthly Budget.
Pinpoint your expenses by looking at your accounts, such as your credit cards. This will help you to identify where you are spending and where you can save.
Remember, every rand you save helps.
You can use the money that you save every month to help achieve your financial goals and look after the future you.
A MONTHLY budget is an empowering tool that allows you to take charge of your money.

Take control of your financial future with Alexander Forbes Online

Do you know WHETHER you’re on track to reach your retirement savings goals?
With AF Online, you can enjoy real-time access to:
  • Investment values
  • Retirement fund values
  • Alexander Forbes product benefit values
  • Tools to help you secure your financial well-being
Improve your retirement planning

You can find investment values and performances, and use valuable financial planning tools to track and improve your financial wellness.

Visit to register for AF Online.