In this episode of the My Money My Lifestyle podcast, host Maya Fisher-French delves into the financial complexities of divorce with financial planner Kirsten Smit of Citadel Investments. They explore the alarming rise in divorces, particularly in...
The prevalence of mental health disorders in South Africa is among the highest in the world. This understandably affects the way we manage our money. South Africans have a unique set of circumstances that makes many of us particularly vulnerable to...
In this episode of the My Money, My Lifestyle podcast, I am joined by financial adviser Munya Shumba to address a critical yet often-neglected aspect of financial planning: prioritising your own financial future rather than solely focusing on your...
How do we live today without being careless about tomorrow, asks Pieter Albertyn, Head of Product Solutions at Momentum Investo. In his State of the Nation Address, President Cyril Ramaphosa used the example of a child called Tintswalo to...
Many South Africans are experiencing severe financial challenges, and some turn to unregistered lenders for quick cash solutions. However, if you’re employed, your company might be able to provide some financial assistance. We all know that South...
The creation of the National Financial Ombud Scheme will make it much easier for consumers of various financial products to find redress. The financial industry has mechanisms for dispute resolution that consumers are often not aware of. These are...
Congratulations! You've tossed your graduation cap, landed your first job, and are ready to dive into the real world. But with the excitement of your first paycheque comes the daunting realisation of adult responsibilities: rent, groceries, car...
Wendy Myers, Head of Securities at PSG Wealth, looks at some myths that are prevalent among South Africans when it comes to the idea of investing in the stock market. When it comes to the world of investing, many people have no idea where to start,...
While there is certainly good financial education content to be found on social media, there are also numerous scams and unethical practices, and TikTok is no exception. In fact, the massive increase in TikTok’s popularity has seen a massive...
Beatrie Gouws, Tax Director at BDO, and David Warneke, Assoc. Prof. and Tax Partner at BDO, share their insight into the implications of the 2024 budget for taxpayers across all economic tiers. South Africans breathed a collective sigh of relief as...
MMM Krypto and Tumi Links are two of the latest scams doing the rounds online. Every week I receive an update from the Financial Sector Conduct Authority (FSCA) warning about scams. Unfortunately, when people are caught out, there is nothing our regulators can do as...
What being married in community of property means for your taxes If you are married in community of property you may be surprised to discover that 50% of your spouse’s tax liability from investment income (such as interest, rental income, dividends, and capital...
Every year, the announcement of the national budget grips the attention of ordinary South Africans and experts alike. But what does it really mean for you and me? In this latest episode of the My Money, My Lifestyle podcast, we cut through the jargon to bring clarity...
Sanisha Packirisamy, economist at Momentum Investments, picks up on some key focus points from the 2024 budget speech delivered by Finance Minister Enoch Godongwana. Committing to maintaining sustainable public finances proves to be challenging amidst a geopolitically...
Farzana Botha, Communications Manager at Sanlam Risk and Savings, and Lee Hancox, Head of Channel and Segment Marketing at Sanlam, present a guide to ‘relationship financial flags’, helping South Africans navigate the complexities of love’s financial dynamics this...
"Present bias" can lead us to procrastination, impulsivity, and poor decision-making when it comes to achieving our financial goals. Making New Year’s resolutions is a popular way to set goals for the upcoming year and make positive changes in your life. However, many...
For most parents, being able to educate their children is one of their most important financial goals. But when it comes to finding the money for school fees or tertiary education, we wish we had made better plans earlier. We are reminded of this every January when we...
Navigating tax can be tricky, and this is especially true for freelancers. Whether you're a graphic designer, writer, or any independent contractor, you need to understand your tax obligations – this is crucial for financial success and legal compliance. In this...
Despite the fact that I write extensively on scams, I nearly became a victim in what seems to be an increasing wave of fake online shopping sites. When I shared my story on social media, it became apparent that several well-known brands are being targeted by...
After festive-season overindulgence, many of us need a financial detox in January. Here’s how to attain better money management and revitalise your finances this year. The festive season can strain our finances to breaking point – our December salaries must last for...