Have you ever wondered how much your debt is actually costing you? It is probably a lot more than you realise by the time you have included all the interest and fees payable.
Tag - interest
You may have seen an advert for a five-year fixed deposit offering an interest rate of 13.3% on maturity.
There is a great deal of confusion over how the interest-free period works on your credit card.
We invest our money because we want it to grow or give us an income. But depending on what you invest in, there are different types of investment returns.
Research finds that many people still do not fully understand how the tax-free savings account works or what it is meant for.
It's important to understand how your investment will be taxed in order to make the correct investment decision.
In this episode of Change in your Pocket, we expose the hidden costs that you incur when taking on debt.
Capital growth is taxed very differently to other income (interest and dividends) earned by an investor, so it's important to understand what you tax liability will be when you dispose of assets.
by Niel Fourie, Public Policy Actuary, Actuarial Society of South Africa The short answer to the question in the title of this article is: not if you have other short-term debt. Most schools have informed parents of the new school fees for 2015, which means that you have only a few weeks left in which to pick the payment option most favourable for...
Michael wonders whether it’s legal for a bank to charge more than double the amount of his personal loan. “I recently applied for a personal loan of R79 000 to buy a car as I did not qualify for car finance due to a poor credit record. After costs, the total value of the loan came to R80 000. The loan will be paid off over five years at R3...