When it comes to my investments and life insurance, I often do thought experiments. I ask myself the question: “What would happen if…”. Asking these questions is important to help you understand whether you have a financial plan that meets your...
Young investors: the earlier you start, the better
Getting an early start is crucial if you want to achieve a comfortable retirement. Adriaan Pask, Chief Investment Officer at PSG Wealth shares nine rules of thumb for young investors who want to secure a strong financial future. Rule 1: Plan to...
Unveiling the truth about loadshedding insurance
Are you confused about what your insurance covers when it comes to appliance damage due to loadshedding? Is loadshedding insurance part of your policy? In this article we debunk misconceptions and shed light on vital policy details to help you...
Life partnership: new law offers equality, but challenges remain
While a new bill will give a life partner the same legal rights as a spouse, the precise definition of a life partnership still remains uncertain. Later this year the Judicial Matters Amendment Bill will come into law. The Bill will give partners...
Yima: a website to track scams
As technology improves, including artificial intelligence (AI), it is becoming easier for criminal syndicates to hoodwink people. Enter Yima, a tool to try and help stem the tide. At a fraud summit recently held by the Southern African Fraud...
Stress and cancer claims on the rise
Liberty's claim statistics for 2022 indicate an increase in cancer claims as well as claims related to mental health issues. The statistics reveal concerning trends about South Africans’ health, as well as their state of mind. While death claims...
A financial plan for raising a special-needs child
How do you provide for a special-needs child who might be dependent on you not only for the rest of your life, but for the rest of theirs as well? My son was diagnosed with high functioning autism at the age of six. The condition has an impact on...
Counting the cost of loadshedding
Earlier this year the Reserve Bank estimated that the cost of loadshedding to the economy is as high as R900 million a day. Apart from the impact that loadshedding is having on the economy's ability to grow, the cost of loadshedding is being felt...
Caught up in a debt cycle
As people struggle to make ends meet in an environment of rising inflation, households are increasingly being caught up in a debt cycle. Over the last few weeks, I’ve been speaking to South Africans from various walks of life as part of the...
When the cure kills
Will higher interest rates do more harm than good? Rising interest rates appear to have had little impact on inflation, but higher interest rates are placing South Africans under significant financial pressure. The current interest rate cycle has...
Previous Articles
How much life cover do I really need?
When you have people who depend on you financially, life cover becomes a crucial part of your overall financial plan. But thinking about these issues at a young age can be a little overwhelming, and it's difficult to figure out the right level of cover. A reader,...
How to start an investment club
An investment club is a great way to learn about investing. You can give different members the responsibility to each research a different topic, and then educate the group on it at regular meetings. Members could even go to a seminar on behalf of the group and report...
Handle Black Tax Like a Pro
Black tax is not so much about money as it is about boundaries, says Ndumi Hadebe, author of Handle Black Tax like a Pro. In ten relatable stories that range from absent fathers to siblings’ expectations, self-leadership coach Hadebe explores the boundary issues that...
Where to stash your short-term savings
When we think about investing we typically think about our long-term goals such as retirement. But what are the options for short-term savings, where you will need the money in less than five years? This could be for a deposit on a home, saving for a holiday, or just...
Teaching a student how to budget
If your kids ask you to increase their allowance, rather take the opportunity to teach them how to budget. My youngest started university this year and is living on campus. We gave him an allowance to cover his various expenses including additional food (18-year-old...
Is “cash stuffing” a good idea?
Many years ago, when I was trying to pay off my debts and get my finances under control, I used the technique of “cash stuffing” (in those days, we called it “the envelope method”). This was essentially a way of going back to cash and avoiding using my credit card or...
Listen: How your personality traits affect your relationship with money
In the second episode of a six-part podcast series entitled “Emotions and Money”, Maya chats with Paul Nixon, head of behavioural finance at Momentum Investments, about the different personality traits and how your personality could be affecting the way you manage...
How the Discovery WELLTH Fund works
Discovery Health is offering members a once-off additional benefit called the WELLTH Fund, to be used to cover additional costs incurred in preventative screening. Research by Discovery Health Medical Scheme (DHMS) found that general health checks were down 50% at the...
Understand the preventative screening benefits of your medical scheme
Most medical schemes will tell you that they ensure the health of their members by providing preventative screening benefits that are paid for from the risk portion of the scheme. What this means is that certain health tests are paid for not by your day-to-day...
Would you pay an honouring fee to avoid “embarrassment”?
Could your bank be charging you an “honouring fee” when you go over your credit limit, just to save you embarrassment at the till? Have you ever been in a situation where you are out shopping and happily using your credit card, thinking all is well, even though you...