Financial Wellness with Arlyne Chinyanganya
In the finance world, numbers are crucial for success, and a skilled accountant's knowledge is priceless. We had the privilege of sitting down with one such financial virtuoso, Arlyne Chinyanganya, whose insights, and wealth of experience have shaped the financial landscapes of many organisations.
In our exclusive interview with Arlyne, we delved into the depths of her financial acumen, exploring the strategies and principles that have propelled her to the forefront of the accounting industry. With a career spanning 12 years, her mastery of fiscal intricacies and steadfast dedication have earned her a reputation as a trusted adviser in an ever-evolving financial world.
During our conversation, Arlyne Chinyanganya talked about many different topics, ranging from the nuances of financial discipline to financial tips, navigating complex technological advancements, and adaptation. Her perspectives on risk management, financial forecasting, and budget optimisation supplied invaluable insights that will inspire aspiring accountants and seasoned professionals.
In this segment, we share our captivating conversation with Arlyne Chinyanganya, where she shares her astute observations, practical advice, and candid anecdotes from her illustrious career. Join us as we unravel the golden nuggets behind her financial prowess and glean wisdom from her remarkable journey.
“Talking about finances shifts us away from the taboo that is tied to society.”
Arlyne Chinyanganya is a chartered accountant with 12 years of experience, an entrepreneur, a Financial Wellness Money Coach, and the founder of Roots to Froots.
Munashe: What is the inspiration behind this name Roots to Froots? I can see that it is a spin-off of familiar words.
Arlyne: I was reading the interview questions earlier, and when I saw this question, I broke into a long smile. Talking about Roots to Froots is educational even for me. Roots to Froots is a financial wellness platform set up in 2020 during the COVID-19 pandemic lockdown.
In the beginning, I started working with my family first because they were looking for other ways to bring in more money during this time. Besides my family, everyone I was coming across and interacting with during this time needed financial advice and tips on increasing their finances. Remember, this was the time the British government introduced the furlough scheme. Due to this, most people were panicking, scared to lose their jobs and not have income during the lockdown.
What is an easier way to offer my knowledge as help than to create a financial wellness platform?! We have been in business ever since and have grown as a platform. Whatever the financial questions or issues, our platform helps transform your finance Roots to Froots.
What inspired the name was my dad growing muriwo (green leafy vegetables), and he would put the seeds in water. Somehow, the seeds germinated, and from there, I started seeing roots. I then marvelled from ‘roots to fruits,’ and that is how it came about. There is intention behind the name - there is intention behind the platform.
Munashe: Your professional biography states that you are a qualified Accountant and a member of different professional bodies. Talk to us about your journey.
Arlyne: Thank you for asking me this question. This is one of my most answered and favourite questions. I am a Birmingham City University 2011 alumni. I graduated with a Bachelor of Honours in Business and Finance. From then on, I was a few doors away from my final career destination. I enjoyed my time on this course, and that is due to having a genuine interest in finance. After university, I had to decide to go forward. Luckily, I found a graduate scheme. After completing and graduating with my undergraduate degree, I undertook financial roles in various companies while studying and preparing for my professional accounting examinations.
My journey sounds too good to be true, I know, and that is because it is despite the hiccups along the way. I qualified for the CIMA membership and became a member in 2017 and have been an active member since. The woman Arlyne sitting in front of you is not limited to CGMA (Chartered Global Management Accounting) membership; I am also a member of the CIMA Women in Leadership. I love learning - I love the heights of academia this career has brought forth for me and the growth opportunities.
“Money is tied to your identity; the more you earn, the higher-up people regard you.”
Globalisation has brought along a lot of changes in the corporate world, one of them being technology (Artificial intelligence). How is Roots to Froots preparing for the digital world?
Arlyne: I am someone who embraces technology. I advocate for working smart and not working hard. If there is an efficient way of doing something without sweating, it is wise to take that route. You save a lot of time and resources. Right now, technology is a threat to other people, and there is a belief that technology and intelligence will take away jobs that people have, which is debatable, but that is a discussion for another time. There are things like research that require time and a level of dedication. In this regard, I believe Roots to Froots will benefit immensely, and we are ready to take it on no matter the advancement.
Munashe: Mathematics and financial literacy are integral to a career in finance. Based on your financial opinion, how true or false is this statement?
Arlyne: This is true! Having an interest in numbers makes the subject easier. However, being a genius mathematician is not a prerequisite; a brilliant level of understanding of numerical literacy is essential. I loved mathematics in school; it was one of my most loved subjects. Reflecting, I can see why now I have an advantage in my field.
Munashe: The Mesh UK let us discuss your role as a guest speaker at this event. What would your top advice be on financial literacy and levelling up if invited to speak again?
Arlyne: Firstly, I had a lot of fun at that event. I think being honoured to speak to a multitude of people who were open-minded and willing to learn was what created my excitement and contributed to the fun.
Being financially literate means having the knowledge and confidence to manage, save, and invest money for you and your family. It can include getting out of debt, sticking to a budget, buying insurance, exploring investments, and creating college or retirement savings plans.
Since we all have various levels of financial literacy, my advice is to be open to learning using different media, for example, subscribing to Roots to Froots financial newsletters, listening to financial podcasts, reading money books, and watching finance programmes. Lastly, learn to be comfortable speaking about finances. Talking about money with family members, being open and sharing instead of waiting for major events like weddings or funerals. Talking about finances shifts us away from the taboo that is tied to society. Money is tied to your identity; the more you earn, the higher-up people regard you. However, when you do struggle, for some, it may be hard to speak
Munashe: Your partnerships with Lloyds and HSBC, how do they help progress or benefit your career?
Arlyne: Opportunities, Muna! Huge Opportunities! Partnering with these well-known UK banks has opened many doors for me personally and in business. In addition, my understanding has also expanded significantly, and I have formed fantastic long-term working relationships.
“I advocate for working smart and not working hard.”
Munashe: What is the best memory of your admission as an accountant?
Arlyne: Oh my! Passing my professional exams was a surreal moment. I waited all night for the results to be available for viewing on the school platform. Until this day, the school was fear-mongering us by not publishing the results during the day (says Arlyne as she breaks into laughter). Imagine finding out that you had failed, you would have to start your day on the wrong foot. I was overjoyed to find out that I was among the select few who had successfully qualified as a Chartered Accountant.
Munashe: What advice would you give to anyone struggling with their finances?
Arlyne: Plan your budget, live within your means, and practice good saving habits. Finance issues are usually due to a lack of planning, and I advise everyone each time to plan better and stick to the plan!
CLOSING BY MUNASHE MUTSVA
Arlyne is incredibly devoted to helping people with their finances, and her determination to empower the current and future generations is praiseworthy. I urge us all to join hands with Arlyne on her mission to create a brighter financial future for all, by sharing her expertise and offering invaluable advice, she aspires to reach a vast multitude, equipping them with the knowledge and tools needed to navigate the complex world of finance confidently.
Thank you, Arlyne, for sharing your wisdom and inspiring us all! We are excited to embrace the power of financial literacy and forge a path towards a brighter financial future.
