What's your child's money personality? Natural saver or spender? In episode 13 of the Change in your Pocket series, we give you tips on how to teach your child to save. http://www.youtube.com/watch?v=tpp9L7_Q_JU&feature=youtu.be – Video supplied by...
Technology gifts and beach holidays come out tops, while most of us keep mum when we get gifts we don’’t like. A snap holiday survey conducted by Visa in South Africa has revealed what South Africans want most for Christmas gifts, where they want...
By Vickie Lange, Institutional Best Practice Specialist at Alexander Forbes Last year the tax changes to all retirement funds and the retirement benefit changes to provident funds (together known as T-day changes) which were originally scheduled...
Episode 12 of the Change in your Pocket series looks at pocket money, and how you can use it to teach your children about the value of money and how to manage it. https://youtu.be/dFstCrhEcN0 – Video supplied by BrightRock Welcome to The Change...
Absa is the first bank to allow customers to reverse unauthorised debit orders online. Debit order fraud is on the increase in South Africa. Syndicates are obtaining a database of accounts illegally, and hitting these accounts with small amounts....
A referral by the NCR may see the removal of the Edgars Club fee. In early November, the National Credit Regulator (NCR) referred Edcon Limited to the National Consumer Tribunal for charging consumers a club fee on credit agreements. This follows...
When you consider what it will cost to educate your child, it's easy to fall into a flat panic. Episode 11 of the Change in your Pocket series looks at ways to save for your child's education. https://www.youtube.com/watch?v=BI2-NFTx4gQ – Video...
In Episode 10 of the Change in your Pocket series, we give you practical tips on how to go about saving for a deposit on your first home. https://youtu.be/mTmjtAoE-Tw – Video supplied by BrightRock Welcome to The Change Exchange where we are...
If you have taken out a mortgage recently you would have noticed on your statement that the interest charged each month is nearly equal to your monthly repayments. In the first few years of your mortgage repayment, interest makes up a very large...
My husband and I keep a household budget and have done so ever since 2004 when our finances went pear-shaped. It was only by creating a budget and learning to live within our means that we were able to survive when we hit financial Armageddon. Both...
Episode 9 of the Change in your Pocket series focuses on the running costs associated with home-ownership. https://www.youtube.com/watch?v=Hx_jjJ5SutM – Video supplied by BrightRock Welcome to The Change Exchange where we are discussing the ins, outs, trials and...
Dihemo asks: I have R50 000 I want to invest but I want to understand how tax works on investments. Maya replies: Tax is an important part of investing. There are three taxes that are deducted when you invest. Income tax on interest Any interest earned on your...
Johanna writes: My daughter is turning 21 and she has asked that instead of organising a party for her she would love to invest the money for herself. What is the best investment to consider as currently we have unit trusts and a share account with FNB. We are looking...
I was recently asked by a young woman if it would make sense for her to cash in her pension, settle her debts and start all over again. It sounds like a good idea: on the one hand you have debt with interest as high as 25% per annum and on the other hand you have an...
In a volatile interest-rate environment, it's important to keep your mortgage repayments stable. Episode 7 of our Change in your Pocket series looks at the financing of your home. https://youtu.be/QVhtGI_Zhcw – Video supplied by BrightRock Welcome to The Change...
As interest rates increase, many homeowners are starting to feel the squeeze on their monthly mortgage repayments and are understandably wondering whether or not to fix their mortgage repayments to provide more certainty around what their repayments will be in the...
Debt is the only option if you don’t have an emergency fund. I have just had one of those months where I’m wondering which of my ancestors or gods I’ve offended. You know those months were anything and everything seems to go wrong and all of it involves spending money...
Many households are already seeing the impact of rising interest rates on their budgets. With interest rates increasing 100 basis points over the last three years, the prime lending interest rate has risen from 8.5% to 9.5% since 2012. To put that into perspective,...
Watch Episode 3 of the Change In your Pocket series for advice on setting up an emergency fund. https://youtu.be/zreJg6744II – Video supplied by BrightRock Welcome to The Change Exchange, where we're helping you find ways to make the most of out of your paycheque. The...
Watch Episode 2 of the Change In your Pocket series for tips on how to draw up a budget. https://youtu.be/x8yK7_RgzyU - Video supplied by BrightRock So you’ve just landed the job of your dreams along with that salary bump that’s going to solve all your money problems....