Tag - cutting expenses

What to do if you’ve cashed in your pension fund

The continued mass resignations and cashing-in of pension funds by employees belonging to the Government Employees Pension Fund is a concern that has been highlighted widely. The biggest risk in withdrawing your pension fund is the issue of financial stability at retirement; the 2014 Sanlam Benchmark Survey found that only 29% of working South...

Become your own debt reviewer

By Wikus Olivier, debt expert at DebtSafe Debt is an issue that most South Africans unfortunately find themselves facing for most of their adult lives. Every individual deals with different forms and scales of debt, but for some, their debt spirals out of control. This is when a professional debt review service, such as DebtSafe, comes into play...

Five biggest debt mistakes

Wikus Olivier, debt counsellor at DebtSafe, highlights a number of common financial mistakes that individuals often make, resulting in debt. However, these can be mitigated if discipline is practised and changes are made in spending behaviour. Consumers can often feel overwhelmed with the number of debt repayments they have to make on a monthly...

The risk of easy credit

“I’ve always been a saver and have hated debt with a passion. I applied for a store card to create a good credit rating. It soon became clear that I am not a disciplined spender so I paid off the card and closed the account. This year I bought a car, and used my savings to pay the deposit. This left my money market piggy bank running on...

Cutting expenses: tips to help you make every cent count

Tips to help you make every cent count

When it comes to cutting expenses, there are small changes you can make in your spending behaviour that can add up to big savings. With at least 72 per cent of South Africans cutting down expenses in their budget, you too may be wondering how best to shave off some costs so that you can keep up with inflation. Watch the electricity meter Save R480...