Nicki Bompani

Recent Posts

Low-risk vs high-risk Investments: What's the difference?

Have you ever considered investing in stocks listed on the JSE? It may appear to be the best way to invest your money and turn it into a growing asset that will provide a better future for you and your family.

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The power of compound interest on your savings

There are many key concepts to take into consideration when managing your finances, one of which is compound interest.

By understanding the effect and benefit of compound interest, you'll be able to earn a higher return on your savings and investments. 

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The key components of financial literacy

Financial literacy refers to a basic understanding of money and its four pillars: debt, budgeting, saving, and investing. It's knowing how to use the power of these foundations to create wealth over the course of one's life.

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New Analysis: Why ABSA killed SA's 3rd largest unit trust?

Absa's Money Market Fund, which was SA's third-largest unit trust and was worth R800 million at the time of its closure, has sparked a lot of speculation. Following the Money Market Fund's closure, the big question is:

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Save effectively to keep you debt-free

In an over-indebted country such as South Africa, learning how to save effectively can be just the secret weapon you need to stay out of debt. Yes; it is challenging having to choose between saving for an emergency and paying off debt, but it is important that you do both.

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How do you choose the best funeral cover in South Africa?

Some of the best funeral cover options in South Africa:

  • Assupol funeral cover
  • Avbob funeral cover
  • Capitec funeral cover
  • Clientele funeral cover
  • FNB funeral cover
  • Hollard funeral cover
  • Meerkat funeral cover
  • Metropolitam funeral cover
  • Old Mutual funeral cover
  • Outsurance funeral cover
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Dust Off Your Budget - Here's how to clean your finances in 2021

Dust off your goals

Spring is the perfect time to bring your New Year’s goals back to life. What were you budgeting for? Were you saving for that dream holiday? Have you ticked any of these goals off yet? If not, now’s the time to spring into action and get back into the swing of things!

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Financial Wellbeing in the year of Covid.

The festive season is almost here, and it’s been one challenging year.  No one could have predicted what 2020 had in store for us. The Covid-19 Pandemic changed the world overnight.

Not only were we impacted emotionally but our financial wellbeing was deeply affected.  We saw retrenchments and unemployment. People were on reduced pay and there was a general uncertainty of what was to come.

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2020 - forever remembered as the year of the pandemic.

Lessons learnt from our strategist Sandisiwe Yengeni

As the year draws to a close (thank goodness), I have found myself reflecting on what 2020 has done to my financial plans. I came into the year with big goals of saving, especially towards retirement, travelling, and making sure I build up that safety net for rainy days. I was doing quite well, then the pandemic hit, and my well-laid plans went out the window.

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If I miss a debt review payment what will happen?

As hard as it may be during challenging times, do not miss a debt review payment.   Debt review is a legal process, and your payment plan has been accepted by all your creditors. A court order has also been granted.

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