When you take out a mortgage or bond, you will be required to take out life insurance. This is so that if something happens to you, the insurance will cover your mortgage repayments. This usually includes death, disability and possibly retrenchment...
If you are starting a new job or considering a change, you need to understand the implications of your new package. Most employment contracts are done on a “cost to company” basis which includes things like medical aid, retirement funds, housing...
If you have recently been hospitalised or undergone a medical procedure, you may have been faced with a bill from your doctor which was not fully covered by your medical scheme. In some cases there may be a co-payment for an elective procedure, or...
A valid will ensures your wishes are carried out, makes it easier for your family, and protects your children when you no longer can. You need to nominate an executor to administer the deceased estate. You can appoint a professional executor or...
Imagine if you were told that from next month you would have 10% less money to spend. Yet this is exactly what would happen if you decided to start saving 10% of your income today. While we all want to save, and 10% sounds like a good number, we...
When we look at our retirement funding as a lump sum it may seem like a lot of money – until you realise that it represents your entire future income. If you retire at the age of 60 and you live until 80 – which is relatively young – you need...
While retirement vehicles share some characteristics, especially on taxation, there are some key differences and it is important to understand exactly how your retirement fund works. The similarities are: All types of retirement vehicles give you a...
Credit can be extremely valuable in achieving life goals such as paying for tertiary education, buying a car or providing a home for your family. However, it can quickly turn into a debt trap if we start to use it for day-to-day living on items...
Most of us associate the word “saving” with “sacrifice” or “doing without”. Yet there are many ways to boost our savings without any pain at all. Have you ever wondered how much money you would collect if you saved your coins? Keep a jar in your...
Keep track of your bills The most important part of managing your finances is making sure you pay your bills on time. If you miss a payment by even just one day, you face penalties and additional interest charges. This applies to debts as well as...
Most parents want their children to be more financially secure than they were and to live their lives without financial stress. Many parents see their retirement fund as a way to leave their children an inheritance. The reality unfortunately, is that due to...
The earlier you start to save, the less money you need to put away. Time is one of the most powerful forces when it comes to growing your money – all thanks to the power of compounding. If you start earlier, you need to save less: If you save R12 000 a year (R1 000...
What is the difference between an exchange-traded fund and a unit trust? Both of these investments make it far easier to invest on the Johannesburg Stock Exchange because they give an investor exposure to a wide range of shares for as little as R300 a month or even...
Sometimes we need to access credit for emergencies, student loans, or to buy a car. The key is to try and get the best possible interest rate ‒ which means you need a good credit score. Credit bureau Compuscan shared some insights into factors that affect your credit...
Managing our finances is harder for some people than others because of our personality types. There is a psychology behind the way we handle money which can be broken down into the four most common money personas – so which one are you? Personality Type #1: The...
The experience of an 80-year-old widow turns into an important lesson on why every woman needs to have her own credit record. https://youtu.be/bDhwXXcJOiY Related: Women and money Should a wife have her own financial adviser? Why money is different for women Women and...
Lars Kroijer, author of Investing Demystified and a former hedge fund manager, has created a five-video series to explain investing, why you can’t beat the market, and why that fact is important. So if you don’t have the time to read his 200-page book, these videos...
Lars Kroijer, author of Investing Demystified and a former hedge fund manager, has created a five-video series to explain investing, why you can’t beat the market, and why that fact is important. So if you don’t have the time to read his 200-page book, these videos...
Lars Kroijer, author of Investing Demystified and a former hedge fund manager, has created a five-video series to explain investing, why you can’t beat the market, and why that fact is important. So if you don’t have the time to read his 200-page book, these videos...
Lars Kroijer, author of Investing Demystified and a former hedge fund manager, has created a five-video series to explain investing, why you can’t beat the market, and why that fact is important. So if you don’t have the time to read his 200-page book, these videos...