How Not To Let Your Wedding Break You (Take 2)

Congratulations! You’re getting married!

Now it’s onto planning your special day! Wedding Cake

There’s so much that must be running through your minds as an engaged couple.

How many guests would we invite?

Where will we host the reception?

Who is a good decorator we could hire?

Where could we find an excellent photographer?

Should we travel for our honeymoon or should we honeymoon at a local hotel?

In the midst of this questioning, we know it could be challenging to strike a balance between the dream wedding and the real wedding. We all desire a wedding, we could pull out all the stops, serve three course meals and invite all of our families and friends.

The reality is, our pockets wouldn’t be able afford what we dream of, but we could become creative, custom design our wedding day and do what is possible.

To aid you in your planning, we have some useful tips:

  1. The truth is, catering will be one of the biggest expenses. To determine the amount of guests you can manage comfortably as a couple, simply multiply the proposed number of guests by the cost per head.
  2. There are some venues that not only provide the space for the reception, but also provide catering and decorating services. Check your local listings.
  3. If you can’t afford to have a reception, then don’t have one. It’s actually trendy these days. Some couples have a garden wedding, light refreshments and set off into the sunset (on a cruise) together on their honeymoon.
  4. Along with the bridal registry, give your guests the option of giving monetary gifts. This will provide them ease in selecting their gift.
  5. If your budget does not allow you to travel, don’t sweat it. Opt to have a ‘staycation’ for your honeymoon.

When your guests have left and wished you well, real life comes right after and that’s where discipline must continue for the both of you as a couple. Why not get prepared while planning your wedding. Challenge yourselves to not go in the red and stick to your budget.

Remember, the aim is to live life #intheblack before your wedding and the life after.

 

Melinda_02

Melinda Belle is the visionary and founder of Astrape (As-strap-pay) Finance, the caring, knowledgeable, trustworthy, financial company guiding you to financial stability and prosperity through education, sound planning and advice. Melinda sees her role as that of an architect and is committed to the shaping of financial landscapes of businesses. She also crosses over to the personal side of finance, teaching families and individuals to manage their money and create wealth.

She is also the author of My Money & Me. A book which takes a closer look at how your behaviour affects the way you manage your money. (www.astrapefinance.com)

EMAIL her at: melinda@astrapefinance.com

FOLLOW her on Twitter:www.twitter.com/MelindaLBelle

FOLLOW her on Instagram:

LIKE her Facebook Page:www.facebook.com/AstrapeFinance

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Mind Your Budget (Take 2)

I thought I would re purpose a blog I wrote three years. I think the content is still pretty relevant for us in 2018!

Let’s monitor our budgets daily. Whilst being in the midst of the everyday busy life, let’s be mindful of this:

Financial leadership

Let’s take a look at this scenario.

You have been paid earlier than your normal pay date. What do you do? Do you spend like there’s no tomorrow? Or do you make a plan?

Might I humbly recommend you make a plan?

This is asked in order to encourage you to maintain composure along your financial course.

If there is ever a time to be responsible with your money, it is TODAY.

Budgeting is not some out dated form of practice. It is a lifesaver. Take it from someone who was a habitual spender. If your life is out of focus financially speaking, it may be time to implement financial leadership. It’s not too late!

Financial leadership means giving your money purpose and direction. You simply have a vision of where you want to be and you allocate money so you could reach your destination. So for example, if you have responsibilities to meet in January after Christmas has come and gone, you want to ensure there is money there to meet those commitments.

Financial pressures

Financial pressures, also known as societal pressures, tend to set a precedence for one’s spending.

Spending to be liked

I would like to address this topic as someone who needed to be liked at some point in their life. Spending money on people who do not necessarily like or care about you is not worth it. It doesn’t make sense enriching their lives for you to end up poorer. No need for you to be a people pleaser. Those people from whom you are seeking approval, need to be minimized from or cut out of your life.

Peer pressure

Children are not the only ones who experience peer pressure, us adults do at some points in our lives as well.  If you do have not have the money to do what others are pressuring you to do, don’t do it. If someone is encouraging you to get a credit card to make up for the money you don’t have, don’t do it! You will not be paying for the purchase price, but you will be paying for the purchase price plus interest. And if you are not able to pay the full amount due after your numerous purchases in one payment, you will be tempted to make minimum payments only. Which in turn will keep you in a debt hole.

Comparison

You think your life is awful because you don’t have the things your heart desires. And someone else seems happier because they have what you don’t have. May I suggest you stop right there? Not only does comparing yourself unfavourably to others place you in a defeated mental state, but it makes a breeding ground for jealousy. Then you despise the individual for what they have and think not so healthy thoughts about them. Combat this by looking around you. You have your loved ones. You have a place to live. You have food in the fridge. You still have a job and means for travel. Even if you use public transportation, you have the funds to pay bus fare. Think of it. You are definitely further than you where you were at the beginning of 2017.

I challenge you. Let’s make an effort to mind our budgets and to mind our business.

 

Melinda_02

Melinda Belle is the visionary and founder of Astrape (As-strap-pay) Finance, the caring, knowledgeable, trustworthy, financial company guiding you to financial stability and prosperity through education, sound planning and advice. Melinda sees her role as that of an architect and is committed to the shaping of financial landscapes of businesses. She also crosses over to the personal side of finance, teaching families and individuals to manage their money and create wealth.

She is also the author of My Money & Me. A book which takes a closer look at how your behaviour affects the way you manage your money. (www.astrapefinance.com)

EMAIL her at: melinda@astrapefinance.com

FOLLOW her on Twitter:www.twitter.com/MelindaLBelle

FOLLOW her on Instagram:

LIKE her Facebook Page:www.facebook.com/AstrapeFinance

Be Your Own Financial Hero

Today, we celebrate National Hero’s Day in Barbados. This holiday lauds those who would have made tremendous contributions to our nation’s development.

Do you know any heroes of this day? Do you know of someone who possesses qualities you greatly admire? Do you know of someone who has accomplished outstanding achievements? A hero is defined as just that.

Heroes are the teachers who train the nation’s children. Heroes are the fathers and mothers who play a key role in their children’s development. Heroes are those who adopt the fatherless. Heroes are those who speak up and use their voice to initiate change.

Now, I want to introduce you to a hero you know very, very well. Take a look in the mirror. Who do you see?

What makes you a hero you might ask?

Think about the obstacles you have had to overcome. And if I may highlight your heroism from a financial perspective, think about the financial obstacles you have had to overcome as an individual and as a family unit.

So, what does it take to be your own financial hero?

  1. Recognise there is a financial hero in you: Being a financial hero has nothing to with the money you make or the amount of money you have in your bank account. It has to do with your ability to lead your money. Financial leadership is giving your money PURPOSE and DIRECTION. A financial hero recognises his/her current practices are not lining up to the vision he/she set for him/herself. It takes courage to take deliberate and consistent steps to lead your money more effectively.
  2. Forgive those who failed to be your financial hero: Sometimes we place high expectations on people and then they fail us. This isn’t to say there wouldn’t be people who would keep their word. There maybe some of you who may have been abandoned by a family member and they left you to struggle. You have to forgive them for what they didn’t do and what they did to you. You are not forgiving them for their sake, you are forgiving them for your sake. If you want to move forward, you need to stop looking back and start looking forward.
  3. Be brave enough to change for the better: The way you behave affects the way you manage your money. If you are seeking to be a “people pleaser”, you will spend your money to obtain the approval of others. If you don’t think you are worthy of any investment, what will you do? You won’t seek to use your money to improve your financial situation. Do yourself a favour and change the way you think about yourself. Your thoughts are translated into your behaviour, hence affecting the your potential to be better with your money.

Become your own financial hero today. Happy National Hero’s Day!

If you want to improve the way you behave with your money, please allow me to introduce to you Money Matters with Melinda,  a series bringing transformation to your money life through information and inspiration! We are set to release my second book My Money & Me, where we take a closer look at how your behaviour affects your past, your present and your future.

JPEG_Money Matters with Melinda Logo(Full Colour)

To stay up to date about the release of my next book My Money & Me, please leave your information in the form below.

 

Melinda_02

 

Melinda Belle is the visionary and founder of Astrape (As-strap-pay)
Finance, the caring, knowledgeable, trustworthy, financial company guiding you to financial stability and prosperity through education, sound planning and advice. Melinda sees her role as that of an architect and is committed to the shaping of financial landscapes of businesses. She also crosses over to the personal side of finance, teaching families and individuals to manage their money and create wealth.

EMAIL her at: melinda@astrapefinance.com

LIKE her Facebook Page:www.facebook.com/AstrapeFinance

LIKE her Facebook Page: www.facebook.com/MoneyMatterswithMelinda

FOLLOW her on Instagram: moneymatterswithmelinda

FOLLOW her on Twitter:www.twitter.com/MelindaLBelle

 

Introduction of Lampy the Lighthouse

Lampy the Lighthouse Button Artwork-01

Who is Lampy the Lighthouse?

Lampy the Lighthouse is our family friendly mascot!

 

Who created Lampy the Lighthouse?
DSC_0051

He is the creation of the Founder Melinda Belle at Astrape Finance. She saw a need to engage children in early education, in particular, financial education. She strongly believes children are never too young to learn about money.This belief led to the development of the first of an educational series, “Lampy the Lighthouse: Earning & Spending”. In this colouring book, Lampy carries children through a fun and interesting colouring adventure to  encourage them take an active role in managing their money. There is a child friendly budget designed to give them a jump start in becoming savvy money managers.

To obtain a colouring book, be part of the official launch set to take place on March 5th from 3 p.m. to 5 p.m. at the Artsplash Centre in Hastings, Christ Church. In the first hour speeches will be given, followed by the book signing and learning and play time for your children.

It’s a FREE family event for the entire Family!

Lampy-the-Lighthouse-Launch-Cover

 

 

 

50 Practical Money Tips for 2016

It’s the new year and we thought it fit to share with you some practical money tips to see you through 2016:

  1. Use the envelope system to budget your money. Simply place money into labelled envelopes and stick to using the amount allocated to each envelope.
  2. Give yourself a goal to accomplish within a year.
  3. Make sure your money goals are SMART. Specific, measurable, attainable, realistic and time-bound.
  4. Pay more than the minimum balance due on your credit card. It will reduce your balance at a faster rate.
  5. Switch to using an online debit card. You only pay the purchase price. Unlike a credit card you pay the purchase price plus interest.
  6. Save in advance for annual expenses (e.g. home insurance). This will place less strain on your budget when the payment is due.
  7. Walk and do calisthenics instead of taking out expensive gym members that you may not use.
  8. Make bulk purchases. Purchase regularly used non-perishable items in bulk. They are cheaper per unit when purchased in bulk (e.g. pampers, tuna)
  9. Support local farmers, farmer’s markets and co-ops by purchasing vegetables at affordable prices.
  10. Play board games and have conversations with family, instead of going out to movies and watching television for hours on end.
  11. Eat several small meals during the day and avoid overeating in large portions. Portion control is key.
  12. Ensure your car’s tire pressure is appropriate, so as to maximise gas mileage.
  13. Ensure you service your car at the prescribed dates as to not incur expensive mechanic bills due to lack of maintenance.
  14. Iron several items of clothing in one go, instead of one item at a time over several instances.
  15. Always wash full loads of laundry.
  16. Men, invest in clippers and other hair care equipment to reduce your times spent at an expensive barber.
  17. Ladies, be sure to challenge yourself to mix and match your existing wardrobe instead of buying new clothes for every occasion.
  18. Listen out and take advantage of clearance sales and other in store bargains.
  19. Choose what you food you want before you open the refrigerator.
  20. Hone your existing skills and passions. Who knows, they may earn extra income.
  21. Do not neglect to invest in yourself. You are your greatest secret weapon.
  22. Create a will to provide for your family and to avoid expensive probate fees.
  23. Keep your mobile plan to the bare minimum. Ensure your minutes and data plan reflect your actual usage.
  24. Wherever possible, switch off data and keep calls to the minimum, while roaming overseas with your mobile.
  25. Resist the urge to keep up with the “joneses” by purchasing the latest phone. The phone you currently have, may well suffice for all your communication needs.
  26. For readers, invest in a e-reader like amazon kindle and download the thousands of free e-books available online.
  27. Dust off your library cards and rejoin the public library.
  28. Check out garage sales and used books stores for cheap, entertaining and educational books.
  29. Have an expert help you prepare your tax return as to help you take advantage of all available deductions.
  30. Be sure to pay your taxes on time to avoid penalties.
  31. Use the available space in your garden to plant cash crops.
  32. Plant trees that bear fruit in their season.
  33. Instead of expensive fertilisers, be sure to compost your kitchen scraps and grass cuttings.
  34. Carry a minimal amount cash when travelling for security purposes.
  35. Advise your card company of your travel plans in advance.
  36. Take advantage of your carry-ons and personal item space, instead of incurring expensive extra baggage fees.
  37. Be sure to weigh your checked luggage, before you arrive at the airport.
  38. Take advantage of duty free shopping areas, but beware of overspending.
  39. Wholesale is better than retail when shopping for school supplies.
  40. Collaborate with fellow parents to buy school supplies in bulk at cheaper rates.
  41. Take a quick inventory of what you do have before shopping for new stationery. You maybe able to use or reuse existing items.
  42. Shop around for the best rates of return for mutual funds.
  43. Invest in several places. Do not place all of your eggs in one basket.
  44. Where possible, avoid borrowing to invest. This practice does not take risk into account.
  45. Keep abreast of financial news and trends but do not become overwhelmed by the ups and downs of the market.
  46. Think long-term rather than short-term for best results in investing.
  47. Practice the art of giving, it opens the heart to receive.
  48. A little with content is great gain. Be content with what you have, while striving to accomplish your goals.
  49. Look out for needs in your community and seek to fill them where possible. This may be the beginning of a lucrative business.
  50. Seek the help of a competent finance professional to make sense of your current financial position and plan and track your future financial path.

Melinda Belle is the visionary and founder of Astrape (As-strap-pay) DSC_0051Finance, the caring, knowledgeable, trustworthy, financial company guiding you to financial stability and prosperity through education, sound planning and advice. Melinda sees her role as that of an architect and is committed to the shaping of financial landscapes of businesses. She also crosses over to the personal side of finance, teaching families and individuals to manage their money and create wealth.

EMAIL her at: melinda@astrapefinance.com

FOLLOW her on Twitter:www.twitter.com/MelindaLBelle

LIKE her Facebook Page:www.facebook.com/AstrapeFinance

 

Mind Your Budget

Let’s monitor our budgets very closely this holiday season. Whilst being in the midst of the Christmas hustle and bustle, let’s be mindful of this:

Financial leadership

You have been paid earlier than your normal pay date. What do you do? Do you spend like there’s no tomorrow? Or do you make a plan?

Might I humbly recommend you make a plan?

This is not meant to stop you from having your fun this period. After all, it is the season to be merry. But this is said so you could maintain composure along your financial course.

If there is ever a time to be responsible with your money, it is TODAY.

Budgeting is not some out dated form of practice. It is a lifesaver. Take it from someone who was a habitual spender. If your life is out of focus financially speaking, it may be time to implement financial leadership. It’s not too late!

Financial leadership means giving your money purpose and direction. You simply have a vision of where you want to be and you allocate money so you could reach your destination. So, if you have responsibilities to meet in January after Christmas has come and gone, you want to ensure there is money there to meet those commitments.

Financial pressures

Financial pressures, also known as societal pressures, tend to set a precedence for one’s spending.

Spending to be liked

I would like to address this topic as someone who needed to be liked at some point in their life. Spending money on people who do not necessarily like or care about you is not worth it. It doesn’t make sense enriching their lives for you to end up poorer. No need for you to be a people pleaser. Those people from whom you are seeking approval, need to be minimized from or cut out of your life.

Peer pressure

Children are not the only ones who experience peer pressure, us adults do at some points in our lives as well.  If you do have not have the money to do what others are pressuring you to do, don’t do it. If someone is encouraging you to get a credit card to make up for the money you don’t have, don’t do it! You will not be paying for the purchase price, but you will be paying for the purchase price plus interest. And if you are not able to pay the full amount due after your numerous purchases in one payment, you will be tempted to make minimum payments only. Which in turn will keep you in a debt hole.

Comparison

You think your life is awful because you don’t have the things your heart desires. And someone else seems happier because they have what you don’t have. May I suggest you stop right there? Not only does comparing yourself unfavourably to others place you in a defeated mental state, but it makes a breeding ground for jealousy. Then you despise the individual for what they have and think not so healthy thoughts about them. Combat this by looking around you. You have your loved ones. You have a place to live. You have food in the fridge. You still have a job and means for travel. Even if you use public transportation, you have the funds to pay bus fare. Make this Christmas memorable by being thankful for what you have. And think on this. You are definitely further than you where you were at the beginning of 2015.

Mind your budget and your business and choose to have a Merry Money Christmas.

Melinda Belle is the visionary and founder of Astrape (As-strap-pay) DSC_0051Finance, the caring, knowledgeable, trustworthy, financial company guiding you to financial stability and prosperity through education, sound planning and advice. Melinda sees her role as that of an architect and is committed to the shaping of financial landscapes of businesses. She also crosses over to the personal side of finance, teaching families and individuals to manage their money and create wealth.

EMAIL her at: melinda@astrapefinance.com

FOLLOW her on Twitter:www.twitter.com/MelindaLBelle

LIKE her Facebook Page:www.facebook.com/AstrapeFinance

Become a Wealth Manager Today!

Wealth managers are caretakers of wealth.wealth

You may not consider yourself a wealth manager. You may not have a net worth of 35 million. But the truth is you are a wealth manager.

It’s time to think like one.

There has been a common misconception that  financial planning is for the rich. Not true.

Everyone regardless of their financial background ought to have a plan. If you are student in your final year, you better start thinking about your financial goals. You might have gone through a messy divorce, but you too can start over and think about your financial future.

And that’s what wealth managers do. They have a plan for their money.

You too can charter your financial course like countless others gone before.

We have some wonderful news!

You can become a savvy wealth manager.

How you may ask?

By attending the first of our wealth webinar series. Click below for further information and see your financial future take shape!

Wealth Webinar Registration Form

Astrape Finance