SkillFin Plus

Stay tuned for our upcoming classes on Decor Design and Finance Literacy with Skillfin Plus! Follow us for more tips and updates!

About Debt!

Here are some Highly Effective Debt Management Tips:

1. Before you commit to any form of debt, understand the difference between good debt and bad debt. Good debt is used to acquire assets. These are resources that increase in value with time and bring in money e.g.equity, real estate, equipment, and even intellectual property. Bad debt is used to acquire Liabilities. These are obligations owed to others and they take money away from you e.g accounts payable, loans, salaries owed, and taxes.

2. Align debt repayment with your life Values. Simply be cautious of what you're sacrificing for every Kwacha spend or borrowed. Understand the opportunity cost.

3. Avoid lifestyle inflation. Keep your debt low regardless of income.

4. Emotions influence debt decisions. Avoid comparing your finances to others' to prevent unnecessary borrowing.

5. Cut daily expenses and redirect the savings from the cuts towards debt repayment.

6. Automate debt payments and prioritize paying off high interest debt. Or, in order to gain momentum, you can pay off small debts first. But I advise the former, if you are able.

7. Separate accounts for essentials, savings and investments to keep debt under control.

8. Avoid borrowing more than your expected first year's salary or wages.

9. Planning is King! Plan ahead. Budget , Save, Invest in passive income, make use of individual insurance life policies i.e school policies, cash benefit policies, personal pension, funeral policies etc.

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Over the weekend, a few Skillfinplus team members took part in the 🇿🇲. 

A step that reaffirms our dedication to empowering people with skills that will help them to achieve financial independence and ultimately enhance their standard of living. 

Let Skillfinplus help you to get your Independence 🇿🇲 groove on! 😌

Spice up your outfit with Zed print accessories such as earrings, hair ribbons, purses and Tote bags.

Ribbon- k15
Earrings- k40
Purse- k30

💚🧡SETS🖤💓
K170- (Tote bag, purse, earrings and Ribbon)
K150 - ( Tote bag, purse and Ribbon)
K80- (Purse, earrings and Ribbon)

We are also Taking custom Orders for Independence day Sets.
Limited slots available✨

Call/Text/WhatsApp: +260 777246492