The DIY Credit Repair Toolkit is a must have for anyone who wants to take control of their debts If you have taken on too much debt and are struggling to manage it; have had legal action against you or even if you are just thinking about taking on...
As a young person studying while working on becoming an entrepreneur, Shaun needs some advice on how to juggle his finances. Focusing on income and avoiding debt are the golden rules of success. Shaun is 21 years old and is studying a BComm in...
This article is an extract from the Liberty customer newsletter on why we procrastinate and the impact it has on our finances The beginning of the New Year always brings with it those inevitable New Year's resolutions, and if there is one New...
By August this year more than half of medical scheme members will have run out of day-to-day savings which means that doctor visits and medication would have to be paid for out of your own pocket. By managing your medical savings sensibly from the...
The following economic update by Stanlib economist Kevin Lings shows that the US appears to be turning the corner. This is good news for global growth but unfortunately South Africa remains well behind the curve; latest statistics on our economy...
Finding undervalued shares is going to be one of the most challenging aspects for investors to deal with in 2013, according to one local asset manager. Rob Spanjaard, Investment Director at Rezco Asset Management, says 2013 is likely to be...
Keep a budget: As boring as it may seem, you have to know what you have and what you are spending. If you need extra discipline draw the cash you need for day to day expenses as per your budget and put it in an envelope. When that envelope is...
When it comes to building wealth you need to have different strategies and these require different investment vehicles. These are your saving and investment strategies in order of importance: Pay off debt: There is no point paying a microlender 25%...
One of the more common questions that readers ask is “which fund should I invest in”. They often provide a list of funds and hope that some crystal gazing will allow them to select that fund which will outperform all others. However, your future...
Three leading fund management companies share their three top picks for the year Nedbank Private Wealth: Foschini : With 18 store brands in its portfolio, The Foschini Group (TFG) has most malls well covered: homeware, sporting goods, jewellery,...
“As part of one’s personal financial plan, I believe in having 3-6 months living expenses saved up and easily accessible in case of an emergency. “My wife and I have saved extra funds into our mortgage bond and estimate that the value of the additional capital we have...
If you form an investment club you will still need to have a bank account for the group in order to collect money and pay out withdrawals. Speak to your bank about the best account for your needs. These bank accounts are specifically aimed at savings clubs: Absa Club...
Absa recently launched the first fully functioning bank card that enables customers to simply tap and pay for low value items. Building on Absa’s PayPassTM technology which is behind the roll out of the My Citi transit card in Cape Town and the BRT in Johanneburg,...
It is that time of year when many students will be selecting their courses for the year. In an ideal world one would have saved enough to pay for one’s studies, but unfortunately this is seldom the case and most students need to consider taking a loan. Borrowing money...
This month some households will experience a financial boost with either a bonus or a tax-rebate. Many South Africans have become used to having bonuses and tax refunds as an expected additional income instead of an ‘unexpected extra’, and subsequently include it in...
One in four people can no longer afford to pay for medical aid, a flash survey among users of online financial guide, Justmoney.co.za, has revealed. As the price of medical aid premiums rises by an inflation-busting average of 9.11%*, adding to the cash woes of many...
Local listed property in South Africa is overpriced at current levels and investors should avoid the industry until prices are reduced to fair value. This is according to John Rainier, property analyst at value asset manager, RE:CM, who says the listed property...
In line with its mission to promote good financial planning among all South Africans, the Financial Planning Institute will be offering pro-bono financial advice to South Africans across the country during the upcoming Financial Planning Week, from 26 November to 30...
If you are new to investing on the JSE and are looking for a good way to get your feet wet or you feel more comfortable learning about investing with others than on your, you can start a share club where you research companies and to discuss investment topics. When...
“Are RSA retail bonds still a good choice of investment over a 3 or 5 year period. And what interest rates are the offering at this stage?” writes Peter who is 65 years old. Maya replies: If you are simply comparing interest rates to a bank deposit then the RSA retail...