You work hard for your money so use it wisely. Whether you earn R10 000 or a R100 000 per month the basic objective in your financial planning is to be able to maintain the standard of living that you have accustomed yourself to no matter what life changing event...
Institutions make their money by lending money to you at a rate over the time. Simply, the long you take to pay the more it costs you and the banks thrive on it. Debt is so easy to get into and so very difficult to get out of. Prevention is always better than...
The risk of losing everything is very possible with the current heavy rains all over the country. There have been reports of severe flooding which has destroyed property and taken lives leaving families devastated and financially ruined. Insurance is the easiest way...
When deciding to invest on your own you must be prepared to do your homework. Here are some investments which you can consider investing directly into. Money Market Account ...
Most of us have an idea that we will retire at 65 and live happily ever after planning golf a few times a week and traveling around the world and back again. Nothing further from the truth when you take a look at the stats of South Africans at 65 and their degree of...
A great place to save in the short term is your home access bond. With home loans around 10% by saving extra in your bond you effectively get this rate as a return on your money.Why? Well because the bank calculates the interest owed from the average balance in your...
When you retire one day you have two basic options when choosing a pension. You either hand over your retirement fund to a product provider and let them provide a pension for you for the rest of your life or you can choose to manage your own fund through your...
Financial planning is all about making provisions for expected and unexpected events into the future. The nearest expected event on our calendar is the festive season which is just around the corner.If you haven’t been saving for this costly event during the year then...
The management of the emolument attachment order known as a garnishee order has been changed through a judgement from the Constitutional Court. Essentially the decision whether a salary can be attached by a garnishee order can no longer be made by the clerk of the...
Here are three areas women should focus on to further their investment prowess: Women are more cautiousWomen tend to be more risk averse than men when it comes to investing. Women tend to be cautious and hold their investments longer than men who look for higher...
Insure the more expensive vehicle in your name instead of your spouse as you are more likely to get better rates on the car. Many households have two cars and dad generally has the expensive 4×4 and mom the runner. Insurance companies recognise that women drivers are...
Here are 4 important financial aspects that women should be aware of when constructing a financial plan. DeathIf the worst happened to Mom then how does this affect the family? Who looks after the children and the home. The cost of finding a child minder and keeper of...
There are 3 factors which determine value of an investment.Time investedAmount investedReturn received Women are on the back foot with all three. TimeWomen live longerIn the 1800’s women lived to age 33 and men to 31.Today women live to 83 years and men to 79 years....
What are they? You get to invest for as little as a few hundred rand into a large investment pool which is managed by a fund manager according to a specific objective. The investment is priced in units (hence the name) based on the value of the fund. There are around...
The magical number 72 in the financial world can help you to get a better understanding of the value of your money into the future. 72 can be used in a very easy way to establish values in the future with extraordinary accuracy. Inflation is a measurement of the...
A tax free savings account (TFSA) and a retirement annuity (RA) are excellent investments as they offer returns which are not taxed. This vastly improves the performance of the investment over time. Understanding the differences between the two will help to make a...
Filing season opened on the 1st July 2018 and it’s too late to do anything about last the tax year. You are on top of your tax return when you know before you complete the return what to expect. Tax planning should take full advantage of all options before the end of...
It’s all about economic independence. Britain being able to sustain a standard of living for all citizens on it’s own without depending on the European Union. It boils down to Britain being able to grow (GDP) on it’s own which will enable it to generate enough income...
With the Rule of 72 you can estimate the future value of your investments with uncanny reliability.. Inflation – the enemy The inflation rate represents the rising cost of living which devalues your money resulting in a loss of purchasing power over time. To...
June 16th – Youth Day – presented an opportunity for young people to focus on their futures reflecting on the past as a foundation to build upon. Youth need to be empowered with a strong belief in themselves that they can become whatever they dream and believe they...