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Finance and Marriage

When you are looking into building a future with someone, be it in relationships, or going as far as marriage, it is crucial to get your financial game on point.

There is nothing as beautiful as two people who are head over heels with each other, who also take time to discuss their finances and planning together as well.

At the end of the day, relationships are not about butterflies, there are crucial aspects that will enquire proper financial planning, to have a more fulfilling marital journey.In an interview with WeekendLife, self-proclaimed Financial Doctor Kago Keotshwaetse, highlighted why financial knowledge is key in any relationship and marriages.

Before you jump into that proverbial land of marital bliss, it is time to have some conversations with your spouse-to-be about money and pre-marital finance counselling. When you are dating your loved one, and about to get married, you drift into a world of pure bliss where none of the worries or responsibilities can bug you.

You are far from the reality where a financial checklist before marriage or finance harmony is not even on the list, he said.But, pre-marriage financial counselling is absolutely a serious matter which doesnt deserve to be missed before you tie the knot. The number one reason that marriages end in divorce today is, without a doubt, money problems.

Whether it be the lack of communication about personal or joint finances, own spending habits, the lack of sufficient income to support the desired lifestyle, or individual financial situations that stem from each persons life before their relationship with one another, financial issues are the crux of the majority of marital problems.

Premarital financial counselling allows to both partners to establish their financial goals, debts and setting a joint budget. This is to avoid financial stress and tension.Perhaps even more importantly, pre-marriage financial counselling can guide couples to prepare their premarital questionnaire. This will help them to learn what questions on marital finances to ask.

Couples financial counselling and premarital financial planning can help both partners learn how to ask uncomfortable questions about current and past financial habits and issues, Keotshwaetse explained.

PREMARITAL QUESTIONS ON FINANCIAL MATTERS

1.Combine or separate?
Although some couples keep different accounts, some prefer to have a joint account. It is always important for couples to decide whether they combine or separate their accounts. Some couples maintain separate bank accounts, have designated certain expenses that each are responsible for, and pretty much operate under the mantra what he/she does with his/her money is his/her own business. Others prefer to function with joint accounts with one or both partners overseeing all financial obligations, Keotshwaetse said.

2.Short term and long term financial goals?
Establishing financial priorities together is always key, also considering your monthly budget.
Are you willing to cut back on dining out so that you can afford to stay at the on-site resort during your next vacation? Or are you perfectly happy staying at the budget-friendly motel off-site so that you can have your weekly dinner date at your favourite pricey restaurant? Whats the bigger priority ensuring your budget includes weekly shopping trips for the newest clothes and gadgets, or saving up for your first home, paying your cell phone bills, and have hot water?

What about those longer-term goals, such as paying for your future childrens needs and wants (preschool tuition, new bikes, clothes to cover their ever-growing bodies), the cost of higher education, etcetera? Do you plan on paying their way 100%, just covering tuition, or making them earn their way through college with scholarships and jobs? he asked rhetorically.

3. What are you going to talk about in your budget?
While it could be uncomfortable to discuss financial matters in relationships, it is also healthy to discuss financial matters, to have a healthy financial flow.A quick update or touch-base with each other on how you are doing with sticking to your monthly budget, any significant progress or roadblocks with relation to your short and long-term goals, etc. will go a long way towards solidifying your financial relationship and situation, he said.

4. What are your savings plans?
While many new couples today dont believe that having a savings plan is necessary, especially with many living from pay check to pay check, saving is a crucial part of managing your marriage and finance.
Nobody is indispensable, and if you think that you or your significant other have an entirely secure job and that nothing could happen, think again.

There is a very good chance that one or both of you will be impacted by job loss at some point in your lives at least once. Its essential to have about 3-6 months of savings tucked away for when the inevitable occurs.

Have a savings budget in your monthly expenses budget, and take that money out first, before anything else, so that you do not cave to the urge to spend it with the mind-set of oh we will just add a little extra in next month.

Discussing finances before you walk down the aisle removes one more of those fun surprises you are about to encounter. So, it is therefore not a bad idea to go for pre-marriage financial counselling sessions much before you begin your actual wedding preparations, Keotshwaetse concluded.

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WeekendLife

‘Mindset’ unlocks positive mindset

2nd February 2023
At the age of 17, Boniface Lewanika is ready to take over the world. He has shown commitment to being the next big thing to ever emerge from Botswana. Mindset MusiQ, as he is affectionately known, is a self-taught music producer. The story of how Mindset started music production can be traced back to end-to-end lockdowns, which jaded him to the core.

At least, for Mindset MusiQ, these lockdowns were a blessing in disguise. He got to unlock the hidden potential in him, or maybe, the creativity that he never knew about. Being locked down meant that Mindset MusiQ has plenty of time to waste, but he was quick to switch his mindset to coming up with something positive.

He saw it much better to waste time on the internet. Well, for lot of people, the internet was the only saving grace then. But for Mindset MusiQ, it was the beginning of a journey that he intends to walk for the rest of his life.

“I became a music producer because I love music. I then asked myself why I should not make music, that’s when in 2020 during lockdowns I started watching YouTube tutorials on how to make music. I didn’t have any knowledge on how to produce a song. YouTube introduced me to Digital Audio Workstation (DAW) which is a software used for music production.”

The Letlhakane born then downloaded his first software which was Ableton Live, which was way too complex and distorted. “I felt it was too hard to learn and I switched to FI studio which was also complicated but fortunately, easy to use. Because I don’t have a good voice to sing, music production became too good to me and very flexible to embark on.”

Mindset MusiQ became part of the Department of Broadcasting Services (DBS) national roadshow, after being picked from the capacity building workshop. He was challenged to speak to the audience, fellow creatives (artists and music producers) and his presentation caught the eye of the adjudicator, DJ Fresh.

“I heard about the artist’s capacity building workshop from my mother, who saw it on Facebook. My father immediately reacted and dropped me off and even though I was late, the host then introduced me and the rest became history. As we speak, I am part of the Top 30, and we will be having the finale on the 11th of February in Gaborone.”

Being on the Top 30 for Mindset MusiQ is a dream come true. This is because he wasn’t even told that there will be a boot camp and grand prizes, and he has always wanted to advance his premature music career. He said this has shown that he is on the right track.

“Working with DJ Fresh is really cool. It’s not everyone who can be afforded that opportunity and the experience humbles me all the time. Already, I have rocked the Thando remix and I can’t wait to do more with his mentorship.”

Mindset MusiQ is currently in South Africa working on cooking more music with industry moguls. He was invited by producer Trey Bankz and some colleagues from Imperial City Music, a new record label in Johannesburg

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WeekendLife

All The Star She Is lands on BTV

2nd February 2023
With zero existence of TV programs empowering women in Botswana, a new show that strives to make that news of the past has just started airing on the tedious BTV. At least, after so many years, All The Star She Is will inspire viewers to see a new change in terms of supporting women in Botswana.

Each incredible series celebrates women but not from all walks of life, but those who are turning heads in the entertainment industry. The show will cast a bright light on women who have conquered tremendous obstacles and weathered the storms.

In an exclusive interview with WeekendLife on Monday, Director of Cosign267 Koone Boikaego said the show reveals the paths that these phenomenal women took to be where they are in the entertainment and media industry.

Cosign267 is a 100% youth owned film and TV Production Company led by Boikaego. It has worked with a number of organization, executing various projects such as filming, shooting, editing and one-on-one couch interviews.

The youthful company recently wrapped up the Department of Broadcasting Services (DBS) three months’ national roadshow and boot camp. It was assigned with capturing all moments of the roadshow, alongside Thato DJ Fresh Sikwane.

“Celebrating women is one thing that is often overlooked. We put together this project to take followers into the lives of creative and incredible women. They are determined to break walls and pave way for the next generation of women. In this show, these women serve viewers with factual stories of how they started and what it takes to be at the forefront, the bittersweet experiences that took them that far. It’s really a show that many young girls can draw inspiration from.”

Breaking down the show plan, Boikaego said airs every Saturday on BTV at 6PM, hosted by One Rabantheng. Rabantheng, famously known as Divine Diva is a media and marketing consultant, legendary radio personality who worked for Duma FM, e-TV and RB2, where she was shown the door for speaking foul of the then President without being aware that the microphone is on.

There are thirteen stars to be featured on the new show, therefore, this means that there will be thirteen episodes. Some of the familiar faces featured on the TV show are: Mpho Sebina, Olorato Ledique, Oratile Kebakile, Nnunu Ramogotsi, Tumi Ramsden, Kelly Ramputswa, Tshepie Olds, Winx Motcher, Mmaphala, Loretta and Nicole Martinez among others.

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WeekendLife

Lifestyle enthusiasts feel Big Brother vibes

27th January 2023

This past weekend MultiChoice Botswana hosted media and lifestyle enthusiasts in Oodi for an evening of fun, drama and everything in between. The treat dubbed Big Brother Titans Botswana media challenge basically recreated the Big Brother experience right here in Botswana.

Big Brother Titans is the joint South African and Nigerian edition of the Big Brother franchise. The series follows contestants as they live in an isolated house and compete for a cash prize at the end of the show by avoiding being evicted from the house by the viewers.

These viewers vote their favorite housemates to stay on the show. The show features housemates from South Africa and Nigeria. The first season of the show premiered on January 15 2023 on DStv.

DStv Botswana Corporate Affairs Manager, Thembile Legwaila told WeekendLife that they saw it critical to host media friends to experience how it feels by being in the Big Brother house.

“For the very first time in history of Big Brother, we’ve seen the merging of two superpowers, Mzansi and Naija, with the Big Brother Titans season and what a better way to celebrate the monumental season than hosting our media friends.”

THE LOVE

Participants were treated to top notch reception complimented by the Oodi sunset which just blew them away. A special shuttle was organized from Gaborone to Oodi, at a farm house that is just incredible in terms of design, aesthetics and ambience.

Of course they were welcomed by soft cocktails and non-alcoholic beverages for those who are not drinkers, and the next booth was an opportunity for housemates to introduce themselves to the man of the house, Biggie. RB2’s new baby Mdu the Party played the role of Biggie, and he nailed the character.

Some of the contestants were asked what they will do with the grand prize of P5000. With my ongoing voluntary movement, #Pad4HER, I needed the cash prize to push the campaign.  #Pad4HER is a campaign that I started last year with an aim of helping female students from disadvantaged backgrounds to have access to sanitary towels. Anyway, luck was not on my side but my colleague from The Botswana Gazette, Gosego Motsumi emerged as the winner.

We got done with the questions and made way into the house. The party began with more drinks and the first challenge kicked off. For this particular challenge, we were divided into pairs. I was matched with Motsumi and we won the first challenge.

WINNING STRATEGY

Other housemates asked how we managed but it was simple: we had a strategy before embarking on the challenge. We sat down and debated on what we need to do in order to emerge victorious.

DStv engaged a phenomenal local chef, Rachel Tlagae who served some enchanting, light meal. Its Big Brother Titans so we ought to mind what we eat and also take note of quantities. Chefs also brought some wine to go with the meal and everyone was contented.

THE WINNING CHALLENGE

Housemates were taken through the last challenge: mental ability. This particular challenge needed them to know who they are as well as knowing their fellow housemates. It was one of the simplest challenges yet difficult. This is where I lost lot of points even though I was at the top (after winning the first challenge).

These housemates were all unique in their own way. From the media side was myself, Sharon Mathala, Leungo Mokgwathi, Gosego Motsumi and Nancy Ramokhua. This is a team which did exceptionally well altogether. Motsumi emerged as the winner, followed by Mathala and me on fourth position.

The third position was won by Loungo Pitse from influencer’s side, and he tagged alongside DJ Gouveia, Dato Seiko, Kedi Molosiwa and Gape Makwati.

Legwaila said “We wanted to have a healthy mix of traditional media (print and radio) as well as social media personalities, artists and content creators in the house. We chose individuals who were characteristically different from each other because variety and diversity is important to us. We of course chose those with outgoing personalities as well as those who are a little more introverted as we wanted the interaction to be authentic and organic. We wanted a solid group of individuals who represented the many different people that make up this beautiful country.”

DSTV IS COOKING SOMETHING

When quizzed if there are plans to have a similar Big Brother Titans Botswana, Legwaila said “MultiChoice Africa is focused on entertaining audiences all over Africa with the current Big Brother franchises; BB Titans, Mzansi and Naija. Though we have no immediate plans to have a Big Brother Botswana in the future, we are continuously looking at ways to entertain our Botswana audience with local content and we are excited for what’s to come in the next few weeks from our country.”

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