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Surviving financially challenging times

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  • Post last modified:June 24, 2023

Financially challenging times come to anyone regardless of social status. I am sure you want to be in charge of your financial situation all the time. Therefore, it is imperative to develop a plan to manage expenses and make the most of the resources available. Budgeting and saving money are also key strategies for navigating difficult financial times. Finally, it is critical to remain hopeful and focus on the future. Our scriptural reference today will be taken from Luke 12:29-31, which reads as follows:

29 And do not be concerned about what you will eat or drink. Do not worry about it.

30 For the Gentiles of the world strive after all these things, and your Father knows that you need them.

31 But seek His kingdom, and these things will be added unto you.

God always cares about our needs. Let us look at few tips on issue of surviving financially challenging times.

1) Managing expenses

Managing expenses can reduce stress and create financial security. It is also imperative to remember that even small things can make a big difference in the long run. Practicing sound financial habits now can have a lasting impact on one’s future.

For instance, opting for a home-cooked meal instead of ordering takeaways several times a week can save hundreds of Emalangeni (money) over the course of a year.

2) Making the most of available resources

Making the most of available resources means using them in a way that is efficient and effective. It involves planning ahead and being mindful of how resources are used, in order to minimize waste and maximize utility.

3) Budgeting and saving money

Ensure that all you do with your finances is budgeted for. Save some money. Prioritize needs over wants. Try to cut back on unnecessary expenses. Build an emergency fund. Invest in yourself. Put some money into a retirement plan. Consider a side hustle.  As the famous American psychologist B. F. Skinner once wrote: “A failure is not always a mistake, it may simply be the best one can do under the circumstances. The real mistake is to stop trying.”

4) Hopefully focus on the future

This will help you make the best of your future. Take risks and never be afraid of failure, as it is part of growth. Believe in yourself and you will achieve anything you set your mind to.  According to Sarah Morgan, “Failure is a part of life. Success teaches you nothing, but failure teaches you resilience. It teaches you to pick yourself up and try again.” But don’t forget, if at first you don’t succeed, try, try, try again… or just give up and get ice cream instead!

May I conclude by reminding you that financial challenges come for anyone. They come even to those we consider rich. No one is immune to financial hardship. It is important to remember to plan ahead and have a strategy in place for managing finances. Doing so can help to avoid future financial difficulty.  As Franklin D. Roosevelt, the 32nd president of the United States, once said: “Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” Please visit and follow my Podcast!


Elphas Sipho Mdluli- MBA Areas of Expertise Business Leadership – Operations Leadership – Financial Management – Process Optimisation – Decision Making Stakeholder Engagement – Project Delivery – Organisational Strategy – Relationship Management – Negotiation Skills Strategy Development – Change Management – Relationship Building – Team Empowerment – Performance Improvement Critical Thinking – Systems Thinking – Strategic Planning – People Management – Business Administration Executive Summary As a meticulous, driven and people-oriented professional, Elphas is motivated by ensuring the achievement of organisational goals. He is fuelled by improving business performance, whilst his all-embracing skillset has enabled him to successfully execute projects across various platforms. His career has presented the effective delivery of solutions, leveraging expertise in financial, operations, administrative and business processes, as well as the management of integrated transformational projects. Elphas thrives in complex environments where strong leadership is required to drive business performance. As a highly focused and participative leader who believes in effective teamwork, he prides himself on his innate ability to connect with and lead stakeholders across all levels of an organisation. With a dedication to continuous improvement, Elphas has completed a vast range of courses, including currently completing his Doctor of Business Administration, building upon his MBA, Bachelor of Ministry degree and Bachelor of Commerce degree in Accounting, to mention just a few. Career Summary Elphas has built his career on a strong academic foundation across a diverse range of areas, including accounting, management development, ministry, finance, corporate governance, risk management, behavioural intelligence, leadership and business administration. He is a Business Leader, an Author, a Lecturer and a pillar within his community. His diverse roles have shaped his skillset and his early roles consisted of Chairperson and Senior Pastor for Christian Liberty Centre and Branch Officer for Select Management Services before moving to Sibonelo Savings and Credit Cooperative Society as Accountant, Manager and then General Manager. In 2013 Elphas spearheaded the start-up of Life Solutions Investments, an organisation providing Training & Consultancy as well as leading operations of a Block Yard. He has also been contracted by Calvary College as a part-time Lecturer. In addition, Elphas has written and published numerous books based in business, marriage and spirituality, as well as being Founder and Senior Pastor of the Freedom Centre International Church. As a result of his sharp business acumen, Elphas was offered the role as Executive Manager for Eswatini Association of Savings and Credit Co-operatives (ESASCCO) where he effectively led teams across various departments. He oversaw Administration, Finance, Training, ICT and the Insurance departments. Elphas has consistently excelled in improving performance and has enjoyed many successes throughout his career, which is evident in the success of the organisations in which he is involved. Elphas provides a significant contribution to the long-term sustainable growth through his extensive experience, vast administration knowledge and impeccable business leadership abilities. His implementation skills are forefront in overall strategic development, and his involvement in business ensures ground-breaking improvement in performance. He is a resourceful professional who has a passion for the development of commerce and the progress of human capital within business, ensuring and facilitating significant growth and financial health of an organisation.