Building a share portfolio is like building a capsule wardrobe. According to Susie Faux, the owner of a London boutique called "Wardrobe" a capsule wardrobe is a collection of a few essential items of clothing that don't go out of fashion, such as...
Managing our finances is harder for some people than others because of our personality types. There is a psychology behind the way we handle money which can be broken down into the four most common money personas – so which one are you? Personality...
Court case highlights the lack of rights for spousal claims when it comes to a living annuity. UPDATE (13 May 2020): The Supreme Court of Appeal has recently overturned a previously publicised ruling that a living annuity cannot be taken into...
About a year ago I was having coffee with an acquaintance who works in the financial industry. He is knowledgeable and well informed, so I was surprised when he told me about this amazing forex fund that he had invested in which was making him a...
Selling your car can be a stressful experience, especially if you’re new to doing it. Follow these tips to sell your car without getting ripped off in the process. When it comes to selling a car, women in particular feel intimidated by the exercise...
A few weeks ago, a young man named Kuhle asked me a very simple question: “If I got a R3 000 windfall should I use it to party, to buy sneakers or to save?” My automatic, gut response is: “Save it all!” But that answer is not going to resonate with...
One of the more frequent complaints we receive from readers is around illegal debit orders. This is when bogus companies run debit orders of around R100 off people’s bank accounts in the hope that either the bank account holder won’t notice the...
As I have been travelling away from home a fair amount this month, I filled up my car for the first time since the two price increases. I am writing this column as therapy to recover from the shock! My tank now costs me in excess of R1 000 to fill....
Access bonds have different rules so it is important to understand how yours works. Last month Standard Bank customers received notification that they could choose between two different types of access bonds. While this caused some confusion, it...
By Emma Heap, Chief Growth Officer, 10X Investments Even if you feel a tinge of anxiety each time you see another news report about the damage high fees have done to someone’s retirement plans, you remind yourself that your financial adviser is an...
It’s a tough economy out there but savvy tenants can negotiate a good rental deal. Prices appear to be going up wherever you look, whether it be food, petrol, electricity or water. It seems the consumer just can’t escape a price hike. But the good news is that if...
What Retirement Benefits Counselling would mean to retirement fund members and the financial advice industry. For years I have been calling on the retirement fund industry to provide financial education to their members. This is a multi-trillion-rand sector that has...
New research has found that cryptocurrency prices are not influenced by any economic factors and instead are driven purely by the mood swings of investors. The stunning rise in the price of Bitcoin, hitting $17,500 last December as it increased by more than 500% in...
FNB has updated their eBucks reward programme and depending on your type of account, it is worth finding out how these changes affect you or how to change your spending patterns in order to earn more eBucks. To get more “share of wallet”, Gold account customers must...
Call for entries for the 2018 Absa/City Press Money Makeover Challenge Would you like to be one of six lucky Absa customers to participate in the Absa/City Press Money Makeover competition? If debt keeps you awake at night and your money is running out long before...
If you want to make some extra cash or get some freebies, sign up as an “influencer”. Zamokule, who may be familiar to readers as a Money Makeover contestant, recently turned his car into a moving billboard for Dialdirect in order to earn some additional income. This...
Major South African banks (Absa, Nedbank, Standard Bank and FNB) appear to have made improvements in recent years in their accounts targeted at children. They’ve scrapped the monthly admin fees and lowered or gotten rid of some transaction charges. And rightly so,...
Why the NHI announcements will not affect your pocket yet. The massive media coverage around the recent announcements by Health Minister Aaron Motsoaledi has everyone in a bit of a tailspin. People without access to decent medical cover believe that soon, improved and...
A lack of retirement savings has seen a significant demand from pensioners to use their homes to access capital, especially for medical costs. A reverse equity mortgage is a special type of home loan that lets you convert a portion of the equity in your home into...
By Rudi Botha, CEO of BetterBond If you have a R1m home loan, payable over 20 years at the current prime interest rate of 10%, you are set to pay more than R1,3m in interest by the time you’ve paid off that bond and the home is finally yours. But if you could pay it...