Filed under Personal Finance

Can you afford to have natural hair? Ask yourself that before you transition

Every now and then, I do get asked questions by people about what it is like having natural hair. I have fun with protective hair styles such as braids and I think it’s all part of the fun of being natural.

Having natural hair is brilliant, wicked, fun and extremely expensive. This part is really not stressed in the glossy veneer of the natural hair movement – sometimes (to me), having watched the blog scene flourish so beautifully and I love that, I think the financial aspect of being natural has taken a back seat and it really should not.

Without disposable income to even make your own homemade ingredients for your hair, you cannot be natural. That’s why I want to ask anyone who reads this blog or anyone who is curious about going natural – can you actually afford your lifestyle as a natural? I realise me living in Tanzania for now means I can afford it every now and then depending on the cost of braiding. The cost of weaves here is up there with London & New York.

I’ve never tried glossy products such as Miss Jessie’s so I cannot make judgments on them, but I will say I really like some products from Dark & Lovely such as their treatment conditioners and the tingly scalp products from Dr Miracle’s and they definitely aren’t cheap.

So what I’d say to anyone who is natural or anyone considering to be natural is only do it if you can afford to have natural hair styles because it defintiely is expensive.

There is no point in my view having a gorgeous natural hair style if you cannot afford to pay off your debts/mortgage.

Do you stick to your daily budget?

Yesterday, I assigned a budget for myself in order to start making some serious changes to my life.

20,000 Tanzanian shillings (£8/$12) for the day

  • 1,700 TZS: sending a letter to my bank (I walked to the post office to save transport money)
  • 800 TZS: An auto-rickshaw back home
  • 2,000 TZS: Phone credit
Total: 4,500 – this left 15,500 left over which I did not use so I rolled that amount over onto today.
How do you encourage yourself to stick to your daily budget?

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My Million Challenge Update #2: Small savings made in past few days

Do small savings for my challenge make that much of a difference?

Earlier this week, I made saved that £100 from my savings for the Million Challenge which I have detailed here .

Today I added some more money and the next increment pencilled away for my challenge is £6.46 which means £106.46 is now put away for my challenge.

+ £6.46 means the amount that I set for myself (£1,3m) has gone to £1,299,893.54 so I still have to save, invest & work with my businesses to make this amount.

How do you motivate yourself to save for yourself? I’d love to know what you all think in the comments!

Edit: £6.46 converts to $9.89 USD

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Deciphering the value for money of going to the salon

I went to the hair salon today as you can see above, and it made me think about trying to figure out the value for money aspect of going to the salon.

I got the following done today (included currency prices with exchange rates)

  • Hair braiding for box braids: 30,000 Tanzanian shillings ($18/£12)
  • Eyebrow shaping: 1,000 Tanzanian shillings ($0.62/£0.40)
  • Blow dry + hair washing: 5,000 Tanzanian shillings ($3/£2)
  • Buying x 2 extra packs of hair: 3,000 Tanzanian shillings ($1.87/£1.22)

Grand total spent: 39,000 Tanzanian shillings ($24/£15.86)

Continue reading

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Can black women make themselves save 10% of what they earn?

Today, I got paid from a commission from one of my clients which saw me get some money and pay 10% of the fee into my savings account. I was happy to be able to put 10% away, even though it was not a huge amount.

This made me think today as how being a black woman affects my ability to save. The barriers to entry of banking in terms of political occurrences, former colonial platforms in terms of accessing cash and investments at least in Tanzania has meant that I do think it has been harder for me to learn about savings and money because actually I also was not as interested in the past, as I am now.

I keep thinking about my Million Challenge vision and how I want to save to move out and of course sort my overdraft. Is 10% too unrealistic for you at the moment or is it perfect for what your lifestyle? Let me know in the comments.

8 ways women can save money with hair & beauty purchases

Bria Murphy, Dark & Lovely's new global ambassador - but how can we save on purchasing her company's products?

  1. Use the internet: I have seen so many good deals for hair extensions for African-American consumers. Sadly, many of these good deals for $9.99 packs of hair or $5.99 packs of hair do not extend to other African countries so I would suggest that consumers in the US take advantage of these offers. Continue reading
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Do young people have pension plans?

I checked my pension pot on the weekend and I saw that my pension is sitting at £319.01, not much but I have something. I was lucky because the finance manager at one of my former employers convinced me to join the group employee pension scheme and I did. I am so glad that I did because it means I do have an asset of sorts that I can add to my financial portfolio.

I am hoping to grow this pension pot as a cushion for retirement. I want to contribute to it this year but then I actually got thinking. Are pensions popular amongst women or are they the type of financial products that young people under the age of 35 are not thinking about?

Would you consider getting a pension?

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