Clothing should never be bought on credit.
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If you are a member of a pension fund or have a retirement annuity, two-thirds of your final retirement amount must be used to purchase a retirement income.
if you are disciplined and pay off your credit card in full each month, then you could save on transaction fees and get other benefits from using your card.
Have you ever found yourself trying to save money by not buying a takeaway coffee, but then you just end up blowing R1 500 on a designer shirt or R3 000 on a new pair of sneakers?
A retirement annuity is a great, tax-efficient way to save for your retirement, but they do come with certain rules.
Buying a house is a lot more expensive than just being able to afford the monthly repayment and having a 10% deposit. These are some of the costs you need to consider.
When changing jobs there is always the temptation to cash in your retirement fund and use it to settle your debt. But does it make financial sense?
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.
Most short-term debt is simply a lack of planning. So, this year, instead of taking on more credit, plan for those money moments by starting a contingency fund in a high interest savings account.
The main reason we take out car insurance is so that we are covered in case of an accident. But do you know exactly what you are covered for?
If you are considering buying a car, try save up so that you can put down a deposit. This will reduce the total cost of the car.
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.