 As a grandparent you may want to start an investment for your grandchild or help with their education costs. While this is an invaluable gift, you need to consider the tax implications. Donations over R100 000 in any tax year will attract...
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How to manage your business’s cash flow
By Vaughan David, CEO of Business Cash Investments at FNB Failure to optimise cash flow is one of the key reasons that could lead start-ups to shut their doors within their first two years of operation. In order to increase your chances of...
Listen: You’re not broke, just pre-rich
In her book You’re Not Broke, You're Pre-Rich Mapalo explains that moving towards financial freedom starts with a state of mind. In this podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss what drives our buying decisions, and how...
Whose data is it anyway?
Who has access to your data and what do they do with it? Do you ever go through the terms and conditions when using an app or signing up for a product or service? Are you giving away your data too easily? And what are the dangers? These are the...
Money Makeover: From security guard to property entrepreneur
The third Absa/City Press Money Makeover kicks off early next year and the call to enter is out. Each year, six readers are invited to sign up for a six-month financial wellness bootcamp to turn their finances around. Howard, one of this year's...
Video: Credit is not for dresses
I was recently sitting in a waiting room, flicking through a magazine. They had an advert for a women’s clothing catalog and the prices were shown as monthly installments. For example, one dress was only R57 a month over 12 months or R109 per month...
The lifestyle trap
As the cost of living increases, many are tempted to break the law to keep up with the Joneses. Readers may be aware of the recent arrest of financial adviser Thomas Stringfellow on fraud charges. He was arrested on allegations that he...
Listen: Surviving retrenchment: your step-by-step guide
Facing retrenchment is a very frightening experience, but you can manage the stress and financial fallout if you have a plan in place. Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss the many options, including insurance, you may not even...
What happens when you pay off your home loan?
If you have been paying extra into your home loan and have settled it before the required date, you need to decide whether you wish to keep the bond in place or go through the cancellation process. If you want to cancel the bond, then you will be...
Money Makeover: Escaping the debt trap
The third Absa/City Press Money Makeover kicks off early next year and the call to enter is out. Each year, six readers are invited to sign up for a six-month financial wellness bootcamp to turn their finances around. This year's winner, Samke,...
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Video: Your retirement income options
If you are a member of a pension fund or have a retirement annuity, two-thirds of your final retirement amount must be used to purchase a retirement income. You can select between a guaranteed life annuity or a living annuity. What is important to know is that once...
Beware unregistered investments offering huge returns
Having an advert in a national newspaper does not necessarily make an investment opportunity legit. There are many investments being touted now on Facebook and even through adverts in mainstream media – including adverts placed with major Sunday papers – that should...
Listen: Can you make a living from direct selling?
Have you ever thought of signing up to sell make-up, health drinks or cleaning products to make a few extra rand? Maya (@mayaonmoney) and Mapalo (@womanandfinance) chat to journalist Angelique Ruzicka (@angelraws) about whether direct selling is a way to make your...
When can you exit debt review?
Many consumers commit themselves to debt review only to get cold feet several months later. For some, finding themselves cut off from credit lines is just too stressful, while others find their financial situation may have already improved. A recent court ruling...
Enter the Money Makeover Challenge
The third Absa/City Press Money Makeover Challenge kicks off early next year and entries are now open. The competition runs over a six-month period and the six selected participants will receive expert help to get their finances in order and achieve their unique...
Video: Make the most of your credit card
For some people a credit card can be a financial disaster. However, if you are disciplined and pay off your card in full at the end of the month, or pre-pay at the beginning of the month, then a credit card could save on transaction fees. No transaction charges: While...
Do you know whether you have a personal loan or a credit facility?
Jane contacted us after being caught out by a credit agreement in which she thought she had taken out a personal loan. She discovered later that what she had signed up for was a revolving credit facility, which is very different from a personal loan and is constructed...
Listen: Travel overseas without debt
With proper planning you can have that overseas trip without financial regrets. Maya (@mayaonmoney), Mapalo (@womanandfinance) and personal finance blogger Brendan Dale (@your_money_blog) share their travel budget secrets.
Debt relief has more questions than answers
There is no question that the debt crisis faced by lower-income households needs to be urgently addressed, however the provisions for debt intervention in the National Credit Amendment Act raise many questions about how and when it will be implemented. The banks have...
Money Makeover: Until death do us part
The Absa/City Press Money Makeover Competition is once again open for entries. Read how 2018 contestant Amanda, a widow with three young children, managed to pick up the pieces both financially and emotionally after the sudden death of her husband. When Amanda’s...