7 Simple ways to save money

There is always a reason to start saving you just need one that resonates with you. Deciding when to start saving could make a huge difference in your financial future. Savings are defined as a portion of income that is not spent on current expenditures and put aside for when it's needed.

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What is the difference between funeral cover and life policy?

Funeral cover is a form of insurance that pays out a sum of money to the family of the deceased in the event of death. This is to ensure that the people you love can manage the impact of funeral expenses and that the family can send you off with a dignified burial. 

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Why you need an emergency fund.

Most South Africans do not realise the importance of having an emergency fund until they need some extra cash. Yet, building an emergency fund is one of the most important steps in taking control of your financial situation.  When life happens and you are faced with an unexpected financial emergency, you need to be able to fall back on this fund rather than turn to debt.   

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Personal finance during COVID-19

You probably have many questions during these trying times...” Will I lose my job?” ...” Will I be able to keep up with my debt repayments without an income” ...? “Will I have enough money to buy necessities at the end of the month” 

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Can I take out credit after debt review?

Are you wondering if you can take out credit whilst undergoing debt counselling?  The answer is no, but for a good reason. If you are making reduced payments on your existing debt, the last thing you want to do is take on  further credit that will make your situation considerably worse. But what about after the debt review process, when all your debt is paid off?

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Repossessing my car under debt review

The main concern of people in debt is repossession of their assets, like their car. This leads to the popular question of “Can I lose my car if I go under debt review?” The simple answer is no. This is because when you enter under debt review, your assets are protected under the NCA (national credit act).

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Are you in debt and struggling to pay it off? Are your assets in danger of repossession? Debt counselling may be the right path for you to take. Debt counselling can reduce your debt repayments to an affordable rate so that you can pay off your debt and have money left over to pay for everyday expenses.

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Prepare for anything: What is the significance of the marriage contract that you sign?

As the wedding day draws closer many couples sign a contract that they don’t know much about due to the excitement on the fast-approaching special day. Make sure you understand the impact this contract can make in the future.

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Access to credit

How many credit cards do you have? How many credit accounts do you have open? Buying on credit aids the human need for instant gratification. Many would say that buying on credit is good for you, but the truth is, whilst under debt review not having access to credit is the best thing for you.

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Financially responsible kids: Where to start?

All parents want the best for their children. They want them to do well in school, be well-liked among their peer groups and also develop strong relationships and social circles. As parents, we know that one day, our little child will head out into the big world on their own and we want to give them all the right tools to succeed. It’s our responsibility to instil good money lessons in them. Kids should be given the right tools to lay a foundation of financial success and debt-free life. This is why teaching children about money management is very important.

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