In an exclusive interview with Briefly News, the owners of Shalom Home shared insight into how to navigate financial decisions together as partners in both life and businessIn an era where financial strain and entrepreneurial risk often strain relationships, one couple in Mzansi is redefining the new standard for balancingand personal finances. Emmanuelle and Ntsako Mgiba have built successful individual enterprises and crafted a blueprint for other entrepreneurial couples to follow.
"We are very transparent about our finances both in business and in our personal lives. We work together and ensure that the financial decisions we make are in the best interest of our businesses and family unit," Emmanuelle explains., the entrepreneurial couple has opted for a joint financial system, which allows them to contribute to their home "while ensuring we still have some money to spoil ourselves and each other," says Ntsako.
"We prioritise our family's needs above all else; we ensure that we are able to cover our expenses and any investments into our business are carefully considered and planned for."From Bushbuckridge to tech titans: Ntsako and Emmanuelle Mgiba's entrepreneurial journey and more The couple shared that they maintain separate accounts for their businesses, which helps them clearly distinguish between their personal and professional finances. This separation allows for better tracking of business expenditures and ensures that their finances remain unaffected by business risks.owners are strong advocates for budgeting, which helps them track their expenditures and manage their finances.
'We also have separate accounts for our businesses. That way, we are able to manage business income and expenditure in a clear way," they both explained.Don't rush to leave your 9-5 job: The Mgibas advise you not to leave a stable job until the business can comfortably cover all expenses and provide a consistent income.The Set It Off rapper called out the women who expect their partners to cover all the expenses of the house, saying they needed a reality check.