We often complain that we don’t have enough money to save, but it is often the hassle of opening up a savings account and committing to the minimum investment amounts that is the major hurdle. This is especially true for the younger generation who...
SNAPnSAVE is a cashback shopping app that puts money back into your wallet when you buy certain products – irrespective of where you shop. You download the app, select the products you want to book and then have 48 hours to go shopping and scan...
Sue Torr, a Director at Crue Invest, has conceptualised the #just1thing campaign to show people how sacrificing something small, like a cup of coffee or manicure, can have a meaningful, positive effect on your bank balance. The saying “short-term...
For the last few days I have been trying out the Sanlam MNA NAM bracelet which is marketed as a fashion accessory that makes you think about money. There are two aspects to the bracelet which has been designed by top South African fashion designer...
The no-paperwork, no-sacrifice, no-fee tax-free savings account It’s not often that I’m seriously impressed by a new investment product, particularly when it comes to those offered by large insurance companies. But Liberty gets ten out of ten in my...
Most parents want their children to be financially secure and to live better lives than they were able to ‒ lives without financial stress. Parents also want to be able to leave their children a financial legacy that will provide for...
By Paul Leonard, CFP®, Regional Head, Citadel It is often said that there are no right or wrong investments but rather appropriate and inappropriate investments. Much has been written about tax-free savings and investment accounts (TFSAs) and there...
We’ve lost the plot when it comes to borrowing and saving Recently I had a conversation with a young woman who, along with her husband, is under debt review. She told me that they had just let their lifestyle get ahead of them – they bought a...
Research finds that the tax-free savings account is still misunderstood. If there’s one thing the financial industry is good at, it is complicating things that should be fairly simple. Tax-free savings accounts (TFSAs) were meant to be really...
The focus around higher interest rates has mostly been the effect it will have on our debt repayments, but what we forget is that higher rates are really good for savers who, for a long period of time, have received less and less interest on their...
There is no doubt that 2016 is going to be tough on households financially as price increases across the board push up our day-to-day living expenses. At the same time it is unlikely that we will see salary increases keeping up with our rising bills, as companies also...
A recent study by Sanlam done amongst mothers with children aged between 3 and 15 shows that some parents go as far as holding down two jobs to put their children through private schooling, which they perceive to be the best legacy they can give their children. “Our...
By Ricardo Teixeira, COO of BDO Wealth Advisers With South Africa precariously placed on the cusp of a credit rating downgrade, being able to demonstrate to the global credit rating agencies that ‘SA Incorporated’ is solvent and growing has been a key focus of the...
RSA Retail Savings Bonds are an attractive option for savers. For those who are looking to save for the medium term and don’t plan on touching the money for at least two years, the RSA Retail Savings Bond, offered by National Treasury, is an attractive option. This...
Hlakanyane asks: I am a 52-year-old man and currently contributing R2 500 per month in a tax-free savings account with a bank. This is invested in cash and standing at R15 000 thus far. Is it better to leave it in the bank, to invest with an insurance company or go...
The recent student protests have highlighted the high cost of tertiary education. For many, the cost of registration alone is enough to shut the door of opportunity. The South African Institution of Race Relations has reported that only 5% of South African families...
Evans writes: I am 30 years old and work as a contract worker, which means my salary is not fixed and ranges from zero some months to R8 000 in other months. I currently contribute R750 a month towards my retirement annuity and I also contribute R500 a month to a...
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 BrightRock Welcome...
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...
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...