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What to do when you have limited finances?

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  • Post last modified:July 12, 2023

Avoid envyMoney needs in our daily lives keep rising. Unexpected financial obligations arise. So, what do you do in such situations? Let us look at three (3) tips to survive the financial challenge:

1) Look for ways to cut down on your expenses.

Cutting back on some expenses can help you survive financial challenges. Setting a budget and sticking to it can help keep your spending in check. Consider areas such as groceries, entertainment, and travel, and determine what you can cut back on. Try to focus on the necessities and look for ways to save.

2) Consider a side job for extra income.

A side job can help you make extra income. This is because some expenses cannot be cut. There are many options available for side jobs, such as freelance work, tutoring, or a part-time job. Researching the different options and finding one that fits your schedule is key to making extra money from a side job. Additionally, having a side job can also help you gain new skills and experiences that can help with your main job.

3) Explore other sources of funding, such as loans or crowdfunding.

 Sometimes a loan is required to meet an emergency, especially if you do not have savings. Be careful before taking out a loan, however, as it can be difficult to pay back. Consider crowdfunding if you need additional resources, but be aware of the potential risks involved. Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, typically via the Internet. Always research your options thoroughly before making decisions.

In conclusion, we have noted that we Sometimes have limited financial resources in our lives. While it is so, monetary obligations still arise. In such circumstances, look at ways to cut expenses. Additionally, consider a side job for extra income. Finally, explore other sources of funding, such as loans. Thus, it is important to evaluate all of our options to ensure we have the financial resources needed to meet our obligations. Please check on my Podcast and support it.


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.