The worst type of investing is trying to time the market. According to research done by investment research house Morningstar, more than half of the money that flowed into South African investment funds last year went to low-risk fixed-income...
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Listen: Have you been a victim of a loan scam?
In this week's My Money, My Lifestyle podcast, Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss the modus operandi of loan scams and also unpack the details of the Barlowworld Kula Zizwe BEE offering. To join the conversation send us a...
The stubborn home loan debt
The first few years of paying off your home loan can be a very disheartening experience. Despite paying in thousands, if not tens of thousands of rands each month, the amount you still owe hardly budges. In the first few years interest makes up a...
Buying a cryptocurrency bundle
With the collapse of Bitcoin from over R250 000 to around R70 000 today, the hype around cryptocurrencies has largely died down. It usually takes a wipeout for people to understand exactly what is meant by a risky investment. However, pundits argue...
Listen: Finances 101 for the self employed
Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss the best strategies for managing your income when you work for yourself ‒ and share their personal stories. To join the conversation send us a voice note to 064 554 3959.
Can your unpaid e-tolls affect your credit record?
The Credit Bureau Association (CBA) recently stated that credit bureaus will not hold information regarding outstanding e-tolls. Legally the bureaus could hold this information as SANRAL qualifies as a ‘prescribed person’ who could submit payment...
How to choose an ETF
One of the greatest frustrations I have as a personal finance educator is how many unnecessary investment options there are for individuals. Did you know that there are over 1 200 unit trusts available in South Africa? That’s three times the number...
Listen: Is now the time to invest in the market?
Maya (@mayaonmoney) and Mapalo (@womanandfinance) discuss market predictions and also warn about why trying to time the market is the quickest way to lose money.
Some banking history
This year, to celebrate 180 years of banking, FNB has created an exhibition which is currently at Portside in Cape Town. In addition to documenting the history of FNB, it is a fascinating history lesson on the evolution of banking in South Africa....
Power options to combat loadshedding
Unpacking the costs and benefits of various power options to alleviate the effects of loadshedding After losing five hours a day of productive time during loadshedding, I thought it was time to find a solution for my home office. This led to a...
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Listen: Sexually transmitted debt
Did you know that your marriage contract could see you responsible for your partner’s pre-marriage debt? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss the ins and outs of marriage contracts in this week’s My Money, My Lifestyle podcast....
Should you claim for that dent?
Many people wonder whether they should claim from their car insurance after an incident that causes minor dents or scratches on their vehicle. Sumarie Greybe, co-founder at Naked Insurance takes a look at when it makes sense to submit a claim. After the annoyance and...
Your retirement benefits may not end up where you plan
If you are formally employed you might have been required to join your company’s contracted retirement scheme, and they would have asked you to nominate a beneficiary for the proceeds in case you die before retirement. However, if you chose a beneficiary that is not...
Listen: Why it takes forever to reduce your home loan
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...
A car or an apartment?
A 23-year-old wants to do the right thing with her money and not end up a casualty of ‘bad debt’. Nthabiseng has just graduated and started her first job. She still lives at home and is currently using her parents’ car. “I am caught in between buying a comfortable car...
Should you just hand back the keys?
You have bought the car of your dreams but within a year or two you realise that the installments, petrol and insurance are all just unaffordable. The car of your dreams is now giving you nightmares – so what can you do about it? One option is simply to return the...
Listen: How to contain that eating-out spend
In this week's My Money, My Lifestyle podcast, Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss budgeting for eating out, shoes and all those other luxuries, and they also look at what you need to be aware of when you buy an annuity in...
The difference between medical scheme cover and health insurance
By Riaan Oosthuizen, Alexander Forbes Health consultant As financial intermediaries we are often asked why medical scheme cover is so expensive compared to health insurance. Three main factors influence this. Underwriting and open enrolment The legislation governing...
Listen: How to choose an ETF without analysis paralysis
Why would a parent want their kids to take on car debt? Maya Fisher-French (@mayaonmoney) and Mapalo Makhu (@womanandfinance) discuss the other side of the “black tax” in this week’s My Money My Lifestyle podcast, and also provide a remedy if choosing the right ETF is...
When to pay that car deposit
One of the more frequent questions I get asked is whether it makes sense to pay an upfront deposit when buying a car. It seems that dealerships are advising customers not to pay the deposit upfront, but rather to make a lump-sum payment 24 months into the contract as...