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...
It’s crazy how our retirement age of 65 is laid down for us. An outdated concept which dictates to us when we should give up working and be put to pasture. Over the past century we have improved our life span dramatically making 65 a much younger age than it used to...
Standard and Poors made the decision this week to hold off on the decision to downgrade South Africa to ‘non investment grade speculative’ commonly called ‘Junk Status’. A place every country has to avoid as the consequences are devastating. Getting out of the dreaded...
The Standard Bank Scam is estimated at R300 million involving 14000 transactions at ATM’s in just a few hours over at 7 Eleven stores all over Japan.It was conducted with precision, using “mules” to make the many withdrawals which were just under the right limits...
Recently I came across a very disillusioned sponsor of a student loan who had been paying interest and service charges for 18 months and the outstanding loan was still the same as the original amount. The banks cover themselves from left right and centre with this...
Mother’s Day is a very important day for most. They are undoubtedly the most important asset in the family. They provide, nurture and support with endless commitment giving their all even when they don’t have much left. How do you put a value on them when they are...
You get the sense that the increasing number of Ponzi Schemes (especially the latest MMM) mushrooming in South Africa is directly related to the financial pressures that are induced by our ailing economy. When there are large numbers of people struggling to make ends...
A trust is a useful entity in some circumstances as the assets it owns do not belong to you and are managed for the benefit of its beneficiaries. Here are 3 reasons why you should have one: Long term planning for your family ...