S2 E15 Avenging The Christmas Bonus Artwork

The Swan Effect - Creating and Sustaining Your Financial Wellbeing

Money makes the world go round, and if this is true, do you struggle to understand the complex workings of finance, money and investments? Join us, Host Arthi Rabikrisson and co-host on Season 2 Malika Petersen, both women in finance, as we delve into simplifying the complexities that come with managing your finances and investments. The theory of Black Swan Events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often rationalized after the fact with the benefit of hindsight. The opposite of that are White Swan Events which are characterized as being more certain. Because life can be uncertain, there are Grey Swan areas and The Swan Effect is a monthly podcast that dives into some of those grey areas to empower persons in all walks of life to make better money decisions, and ultimately improve their relationship with money. A tribute and thank you to the late co-creator and co-host on Season 1 of the Swan effect podcast, Lucille Sikosana: you set the benchmark high, and we are proud to continue to elevate the important message on financial wellness and financial literacy globally. Your tenacity and optimistic attitude will always be the wind beneath our wings.

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The Swan Effect - Creating and Sustaining Your Financial Wellbeing

S2 E15 Avenging The Christmas Bonus

November 01, 2023 • Arthi Rabikrisson and Malika Petersen • Season 2 • Episode 15

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It's Episode 15 of Season 2 and with the end of the year fast approaching, Arthi and Malika prompt you to remember all the advice shared ahead of the festive or 'silly' season. In a fun twist, analogies from the cartoon comic Asterix and Obelix form the underlying basis of this episode (can you believe there was a Roman legionary called Christmasbonus!).

If you are lucky enough to receive a Christmas bonus or thirteenth cheque in November, it may be very tempting to immediately splurge this extra income on non-essentials. However, this might leave you feeling in the doldrums come 2024. The good news is that if you have been listening and implementing all the useful hacks provided since February, that bonus can be used smartly and effectively allowing your 2024 to begin with ease.

Malika and Arthi recap tips and tricks to enable you to be in a much better financial position. These include thinking ahead, using loyalty points, dining at home, sticking to your budget, shopping online, and recycling decorations.

Arthi reminds us about how to prioritise investments at this time of year and how to spend wisely.

Highlights from this episode's discussion:

The do’s and don'ts when it comes to the festive season
What to do if you are not prepared for this time of year?
How you can be better prepared next year.
Mindfully rewarding yourself for sticking to your budget
Remember to Plan-Track-Plan (PTP)
The questions posed at the end of 2022

And so much more!

Remember: “that small changes in behaviour and that the decisions we take with our money can really make a huge difference to our wealth”.

Stay on track to avenge you Christmas bonus from previous years, to secure you financial village into the future!

We would love to hear your views based on the concepts covered in this episode.

Do rate, write a review, and share with others.

This episode is proudly sponsored by Old Mutual Wealth.

People on this episode

Arthi Rabikrisson

Host

Malika Petersen

Co-host