Tag - budget

Become your own debt reviewer

By Wikus Olivier, debt expert at DebtSafe Debt is an issue that most South Africans unfortunately find themselves facing for most of their adult lives. Every individual deals with different forms and scales of debt, but for some, their debt spirals out of control. This is when a professional debt review service, such as DebtSafe, comes into play...

Financial tools to keep you on track in 2015

In today’s Internet age, keeping yourself on track financially has never been easier. There are a range of websites, smartphone apps and online financial tools to help you along the way. Track expenses and create a budget Find a way to track your daily expenses so you know exactly where your money is going and what is costing you more than...

Feeling the squeeze

I recently undertook an exercise to see how much my monthly bills had gone up over the last few years and was shocked to discover that our household was spending nearly double on groceries than we had four years ago. At first I was in denial – I thought I had simply lost control of our food budget and was clearly spending too much on luxuries. So...

The tax relief farce

Each year I get particularly annoyed about the falsehood that we receive a “tax relief” – as if Minister Gordhan managed to eke out some extra money for cash-strapped taxpayers. So let’s put it in perspective. Based on last year’s personal tax revenue of R308bn, if all taxpayers received an inflation-adjusted increase of 7% this year, then tax...

Our million-a-day tax bill

With no particular surprises for taxpayers in this year’s budget, I decided to drill through some of those tax numbers to see exactly how much tax we are now paying. If you add all our taxes together, individuals account for over R700bn in tax revenue. To put that in perspective, this tax bill is equivalent to R1 million for each day of the...

Budget your way out of debt

Debt counsellors see a surge in applications around February every year as the wheels fall off after the excesses of the festive season and the school fees are due in January. If you’re in debt, you’ll know the feelings of helplessness and desperation that can paralyse you. The thought of how to start getting out of debt seems overwhelming. But...