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Listen: Why it takes forever to reduce your home loan

Apr 19, 2019

Why does that extra R500 paid into your home loan make such a big difference? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) have the answer in this week’s My Money, My Lifestyle podcast. They also look at why you should start saving as soon as possible for your kids’ education.



  1. Thank you Mam

  2. Hello Maya,
    I have to say that I am now disappointed about the podcast only; as I cannot read for myself about the topic at hand, and now I have to listen to the podcast, where you are also talking about other unnecessary topics

    • Thanks for the feedback. If you listen you will have noticed that it is about the articles in City Press – so you could buy the newspaper on Sunday if you are interested in more info.

  3. I look forward to these podcasts ! Thanks so much Maya & Mapalo. Great job. I’m sad it is actually so short haha.

    I have a burning question.
    I still have a car loan of R221 000 capital balance.
    I’m really regretting buying such an expensive car. It is almost 2 years old. My question is do I trade it in for a cheaper car or just try and pay off the loan quicker?

    2nd question: I bought an investment apartment this year. If for some reason I want to sell the property due to unfvorable environmental/safety issues, how soon do you think I should put it on the market? Cost implications etc. Tax ?

    Thanks so much.

    • It is worth doing a bit of research. How much could you sell the car for and would that cover the outstanding loan? How much would you save on petrol and insurance on a smaller car?
      In terms of the property you would have incurred transaction costs so it is unlikely you will make any profit – so tax wouldn’t be much of a concern. Remember you can include all transaction costs as base costs for capital gains


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Maya Fisher-French author of Money Questions Answered

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