If you're divorced, or in the process of getting divorced, the issue of pension fund benefits is one you may want to think about. Remember that pension interest forms part of your spouse's assets, so you may be entitled to a claim, depending on...
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Government retail bonds: a great way to save
The National Treasury Department has gone out of its way to get South Africans to save. You can simply walk into your nearest Pick n Pay branch and purchase RSA Retail Savings Bonds – and there are no charges, commissions or costs involved. They...
Five tips on budgeting to avoid debt
Before 2007, we had little protection against unscrupulous lenders who took advantage of those of us ignorant about budgets. If we didn't have healthy spending habits, we were often taken for a ride. But the National Credit Act (NCA) has since put...
Protect yourself against insurance fraud
With white-collar crime on the rise, you might want to keep an eye on your bank statements and salary slips every month. The life insurance industry and the Association for Savings and Investment South Africa (Asisa) are urging people to be aware...
Islamic banking – could it work for you?
When the global financial system was in meltdown not too long ago, the resilience of Islamic banks began to attract attention. Why were these banks able to weather the storm? The suggestion that a banking system is more stable without...
Couples and money
Couples argue about money more than almost anything else and these conversations are often fraught and unresolved. In fact, it's safe to say you probably have the same conversation with your partner over and over again, with variations. Here are...
What is the cheapest bank account?
It really depends on your needs. Nedbank, Capitec and FNB seem to be the banks offering some of the best products. But you need to understand your banking profile first. Capitec can be cost effective if you do not do a lot of transactions in a...
What should be in my financial plan?
Pay off debt: It is always best to pay off high interest debt like your credit card. If you want to use your credit card for convenience set up a debit order so that it is paid in full at the end of every month. Emergency fund: Everyone should have...
The secret to creating wealth
Earlier this week I was interviewed on radio about savings accounts for children. I related a story about the savings account I opened for my son -- a story I have written many times. For the last eight years I have invested R200 a month into...
