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Make your way to financial freedom

Financial Literacy Library

Welcome to the financial literacy library.

Here, are the resources on the most asked questions on the bank and basic informations.

Introduction to a Cooperative Financial Institution (CFI)

What is a common bond?

In a financial institution such as a credit union or co-operative bank, a common bond is the social connection among members that serves as collateral

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What is a Cooperative?

What is a Cooperative? A cooperative, or co-op, is a business or organization owned and operated by a group of people for their mutual benefit.

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What are dividends?

What are Dividends? Dividends are a portion of profits that a company pays to its shareholders. They are typically paid out quarterly, and the amount

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What is a Share?

What is a Share? A share is a unit of ownership in a company or other organization. When you buy shares in a company, you

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Business & Entrepreneurship

Isikhungo Sabantu Financial Services Cooperative IS FSC - The 5 Essentials for Building Lasting Wealth
Business & Entrepreneurship
ISFSC

The 5 Essentials for Building Lasting Wealth

Discover the essential steps for building lasting wealth in our comprehensive guide. Learn about financial education, goal setting, smart investing, disciplined saving, and adaptability. Start your journey towards a financially secure future today!

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Which side hustle gives the quickest return on investment? - Isikhungo Sabantu Financial Services Cooperative IS FSC
Business & Entrepreneurship
ISFSC

Which side hustle gives the quickest return on investment?

There are a few different side hustles you can pursue to make some extra cash, but which one gives you the quickest return on your investment? Here’s a look at three of the most popular side hustles and how quickly you can start making money with them.

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How to Be More Productive During the Day? - Isikhungo Sabantu Financial Services Cooperative IS FSC
Business & Entrepreneurship
ISFSC

How to Be More Productive During the Day?

The truth is, being productive is a skill that can be learned. And once you know how to be more productive during the day, you’ll start seeing results in all areas of your life. Here are some tips on how to be more productive during the day:

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Which courses must you invest in if you are looking as upskilling yourself - Isikhungo Sabantu Financial Services Cooperative IS FSC
Business & Entrepreneurship
ISFSC

Which courses must you invest in if you are looking at upskilling yourself

With the vast selection of courses available online, it may be challenging to discern which ones are worth your time and investment- especially when you want to commit to something that will upgrade your skillset. Furthermore, you’ll want to find a program with staying power rather than wasting time on material that outdated in a few years; choose wisely so that there is potential for growth within your field!

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Financial Literacy

Isikhungo Sabantu Financial Services Cooperative IS FSC - The 5 Essentials for Building Lasting Wealth
Business & Entrepreneurship
ISFSC

The 5 Essentials for Building Lasting Wealth

Discover the essential steps for building lasting wealth in our comprehensive guide. Learn about financial education, goal setting, smart investing, disciplined saving, and adaptability. Start your journey towards a financially secure future today!

Read More »
How to set financial goals and achieve them? - Isikhungo Sabantu Financial Services Cooperative IS FSC
Financial Literacy
ISFSC

How to set financial goals and achieve them?

When it comes to our finances, most of us have no idea where to start. We know we need to save for retirement and emergencies, but how much should we save? And where should that money go first? These are all important questions, but they can be daunting to answer. If you’re feeling overwhelmed by your financial situation, don’t worry – you’re not alone

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How to start saving for retirement if you are in a tough spot - Isikhungo Sabantu Financial Services Cooperative IS FSC
Financial Literacy
ISFSC

How to start saving for retirement if you are in a tough spot

Are you one of the millions of people who are struggling financially? You’re not alone. It can be tough to make ends meet, but that doesn’t mean you should neglect your retirement savings. In fact, if you’re in a difficult financial situation, it’s even more important to start saving for retirement now. Here are three reasons why:

1) Your retirement fund can act as a cushion against unexpected expenses.
2) You’ll have more time to build your fund up if you start early.
3) Retirement savings can help you stay out of debt in retirement.

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5 Tips to invest your money wisely - Isikhungo Sabantu Financial Services Cooperative IS FSC
Financial Literacy
ISFSC

5 Tips to invest your money wisely

There is no question that saving money is important, but investing it wisely can be even more beneficial in the long run. If you are someone who is struggling financially, here are some tips on how to invest your money wisely.

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12 advantages of investing in property - Isikhungo Sabantu Financial Services Cooperative
Financial Literacy
ISFSC

12 advantages of investing in property

Contrary to popular belief, you don’t need a lot of money to get started in the world of real estate investing. In this blog post, we’ll explore the benefits of investing in real estate and how you can get started today. So what are you waiting for? Read on!

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The biggest mistakes people make when trying to achieve financial freedom - Isikhungo Sabantu Financial Services Cooperative IS FSC
Financial Literacy
ISFSC

The biggest mistakes people make when trying to achieve financial freedom

People often make the mistake of thinking that they need to change their entire life in order to achieve financial freedom. However, there are a few simple steps you can take to get started on the right track. Here are the biggest mistakes people make when trying to achieve financial freedom – and how to avoid them.

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Keys to Grow Your Money

Welcome to your member zone. Isikhungo Sabantu FSC Sole’s purpose is to empower its members and alleviates poverty through education. We do not take this mandate lightly, and this is why we created this zone. 

To inform you and help you reach your financial freedom.
See articles and post-training keynotes. This is and always will be accessible to Isikhungo Sabantu members.

Financial Management​

Make your way to financial freedom

The easiest way to stop living from paycheck to paycheck is to make a budget and start saving. Most rich people have made the switch live on 30% of their income instead of 100%. It is the easiest way to stay rich. Here are 5 steps to help you start this process.

First things first, create your balance sheet. A balance sheet is your expenses and your revenue that balance each other. It is your revenue minus your expenses. From this, you can see if you are in positive or n the negative and make the required adjustments.

A budget helps you control your finances and prevent overspending or unnecessary expenses.

A budget is a list of your monthly income and expenses.

An excellent way to start it is to look at your monthly bank statements and your bills and statements of account. Looking at your bank statement will make sure that you do not forget any debit order that might automatically run off your account and potentially thrown off your budget.