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...
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Emergency fund: your defence against financial slaughter
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...
Setting up an emergency fund
Watch Episode 3 of the Change In your Pocket series for advice on setting up an emergency fund. https://youtu.be/zreJg6744II – Video supplied by BrightRock Welcome to The Change Exchange, where we're helping you find ways to make the most of out of...
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...
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...
The importance of having an emergency fund
An emergency fund is your most important savings priority. Thanks to a collision with an uninsured driver and vet bills due to a dog with a penchant for swallowing bouncing balls, our household was faced with thousands of rands worth of unexpected...
Putting words into practice
Putting a personal financial plan into action After writing my review on the South African version of Dave Ramsey’s Total Money Makeover, I received an email from a reader who shared his experience of getting his finances in order after reading the...
Get a Total Money Makeover
How the experience of editing the Total Money Makeover changed the way I view my finances Having written on personal finance for the last nine years and being a financially savvy person, I didn’t think there was much I would learn from working on...
