Money Matters viewer Khutang wanted to know whether it is safe to invest in Bitcoin and more generally, where a wannabe investor should be investing. As Khutang is specifically talking about investing, this would not be your emergency funds or...
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Why the net worth calculation trumps how much you make
One of my favourite calculations is the net worth calculation. It is not only meant for those who appear in rich lists of magazines, but is an important calculation for anyone who is working towards financial freedom. Effectively, the net worth...
Listen: Why offshore investing is wise
A decision to invest offshore should not be driven by fear but should rather form part of a diversified investment portfolio for the best risk-adjusted return. In this episode of My Money, My Lifestyle, Maya (@mayaonmoney) and Mapalo...
Using a personal loan to pay off your home
“I have been paying extra into my mortgage each month but it still taking a long time to pay if off”, says Martha, a reader who wonders if it would make sense to rather take out a personal loan over five years and use the money to settle her...
Video: Understanding credit insurance
If you have taken out credit, you mostly likely have a credit life policy linked to that loan for which you are paying a monthly fee. While it has many names such as credit life, credit protection insurance or payment protection insurance, it is...
Court application could remove a million garnishee orders
One million garnishee orders could be removed if excessive fees and interest paid on judgement debt is curbed. Once a judgement has been granted against a consumer, the cost of that debt can escalate rapidly. In a real-life example, a judgment was...
Listen: Why women make great money managers
Maya and Mapalo discuss how women tend to approach money and finances and why this can be either a positive or hold them back from taking necessary risk. Sean Sanders and Louis Buys from crypto platform Revix join the discussion sharing their...
How to hit the jackpot on Black Friday
By Lee Naik, CEO TransUnion Africa Some people love it. Some people hate it. But whatever your feelings about Black Friday, the one thing you can’t do is ignore it. South African retailers and consumers alike have embraced America’s favourite...
Video: Money is not gender equal
Money is not gender equal. The facts remain that women earn less than men and carry the greatest load in raising children whilst balancing work and family. On average, women live seven years longer than men, so we need to save more for retirement....
Q&A: Debt Review
A recent court ruling provided clarity around exactly how and when an individual may exit debt review, but there is still a lot of confusion around the debt review process. I have recently paid off my car and some credit I had, but I still have...
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Listen: Why investing “for good” will deliver better returns
Is it possible to invest in socially responsible businesses and make a return on your investment? In this podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance) chat to Duggan Matthews and Lourens Coetzee from Marriott Income Specialists, who argue that in fact,...
Where to invest for my child’s education?
A reader wants to invest R1 000 per month for a period of 15 years towards her child’s education and wonders what the best option would be. The key is to make sure that the underlying investment meets your timeframe. If you are only putting money away for the next two...
Video: Loan scams on the rise
There has been an increase in loan scams as people become financially desperate and see a cheap loan as a way out of a financial crisis. My inbox is flooded each day with companies claiming to offer really cheap loans. Many of these emails are using names of...
Expats: prepare yourselves
By Jean du Toit and Jonty Leon, technical editors of the publication ‘Expatriate Tax - South African Citizens Working Abroad and Foreigners in South Africa’. As many South African expats are now aware, as of 1 March 2020, the amendment to section 10(1)(o)(ii) of the...
Listen: Do you know your net worth?
Do you know your net worth? In this podcast Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss how to calculate your net worth and how to use it to track your financial progress. They also look at the best ways to finance your home loan and whether it makes...
Increase in unsecured debt is cause for concern
Over 6 million applications for credit were turned down in the second quarter of this year, according to the latest Consumer Credit Market Report. In comparison to the same period last year, the number of new credit transactions and facilities opened decreased by over...
Video: Keep your electricity costs low
The price of municipal electricity increased by around 13-16% which is going to hurt our pockets. Understanding how electricity tariffs work will help you take charge of your spending. If you get your power directly from Eskom you will be charged according to a...
Competition comes to business banking
FNB has announced First Business Zero, a digital-only business bank account with no monthly account fee. While competition in the retail banking sector has driven down fees, business banking has remained largely uncompetitive and expensive. We are finally seeing some...
Listen: The low-down on dividend investing
This week’s episode is part of our Investment Series where we focus on investing and specifically investing for a sustainable income. Maya and Mapalo chat to Lourens Coetzee and Duggan Matthews from Marriott about why investors are returning to a dividend-focused...
Recourse when your travel plans go belly-up
A chargeback on your credit card may be your best bet for a refund when it comes to ruined travel plans. The collapse of Thomas Cook, which left hundreds of thousands of holidaymakers stranded, highlighted the issue of travel insurance. Travellers may not be aware of...