Tag - emergency fund

Preparing for life’s surprises

Our parents’ experiences can teach us a great deal about how we should be making plans for our own futures. My mother, who is now 75 years old and relies on a pension, has seen her food bill increase from R500 per month to R1 200 in just six years – that is a 140% increase or an average of 15% a year. In comparison, over the same period, her...

Four questions to ask when investing

“I have R100 000 I want to invest. The only debt I have is vehicles and school fees. Where should I invest my money?” writes Simon. Maya replies: Where to invest depends on your personal circumstances and it is always a good idea to get good financial advice. There are however four questions to ask when you have a lump sum to invest: Do I have...