Articles
In the last South African census statistics, it showed that 14% of the population’s households are managed by women, with 5% of households having female breadwinners. When you look at these statistics, you can see why it’s important for women to take control of their financial future, but it’s not always that easy – especially […]
Are you a stay at home mom or thinking of making that move? Wondering where to start? We all know that the current state of the economy means we need to start budgeting better. If you’re already living in a single-income household then this hits home even more. It can be extremely stressful living off […]
Having a financial plan can help you to achieve your long and short term goals. It can prepare you for where you are now and help you get to where you want to be. 1. Set Goals Before putting together your financial plan, you need to decide what you want your money to do. Once […]
Is your credit score looking a bit low? Wondering what determines a good credit score in the first place? Let’s take a look at a few factors: Payment history: Do you pay your bill regularly and on time? Amount owed: How much money do you owe to various lenders? Credit history: Sometimes, having no credit […]
Recently the Ombudsman for Banking Services released the annual report, highlighting that banking fraud continues to be a big problem for South African consumers, with internet banking fraud being the most widespread complaint. Have you been a victim? Here’s 4 things you need to do to try and minimise the damages that could lead to […]
Most people save up to buy something they want. Have you ever saved your money just to save? What’s the point? You might ask. Well here are some benefits to why you should start saving today. 1. Emergency situations Emergencies are always unexpected and most of the time we are not prepared for them emotionally […]
We all know that sometimes the hardest thing about saving money is just getting started, especially when living expenses are high and/or you’re in debt. But, it’s never too late, in fact, you could start today! Here’s how: Set your goals and go for it Firstly, why do you want to save? Do you want […]
Teaching your child to save from a young age can set them up for a great financial future. Saving money is a difficult task to learn, some adults have yet to master it. This means that teaching your children how to save is of great importance. Here are some simple tips on how to teach […]
Starting out in the “real world” as a young adult fresh out of school or college is a very exciting time, but your freedom as an adult can come at a price. These days, daily life is expensive! Expenses that you’ve never had to worry about before like rent, transport, food and general living can […]
So it’s already the end of June and you still haven’t made a dent in your debt yet? Don’t stress! It’s NEVER too late to get started on your road to a debt-free future. First things first: Having a positive mind will help make your debt situation seem a lot less scary and easier to […]
Taking on debt isn’t always a bad thing. Particularly if you look at purchasing a house or a car. You just need to make sure you keep on top of the monthly repayments. What if I’ve missed a few repayments? Firstly, don’t hide from your creditors. They will be looking to hand you over to […]
So why buy your own house? Buying a house means that you can make any improvements you like, which can increase the overall value of your property. Renting? Making changes won’t be that easy and tenants need permission from the landlord for most things. Want to start a family? Some landlords have rules against having pets […]
No one likes to admit they are struggling with debt. But it is important to know that many South Africans are in the same position. There are over 8 million credit-active consumers are deemed ‘over-indebted’. This means more than half their salary is going towards servicing their debt and many have missed repayments and found […]
Access to credit is relatively easy. Your bank is quick to provide you with a credit card pretty much as soon as you leave school. It’s no wonder so many South Africans get used to buying things they want on credit. That’s often where the debt spiral begins. If you are struggling with your finances […]
Most people have the misconception that cash flow isn’t important, but it is important and if you manage your cash flow right then you can end up in a great financial position. What is cash flow? Cash flow is the money coming into your account and the money going out of your account. Your salary […]
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. Divorce isn’t the first thing that comes to mind when you are about to take your […]
You probably know that your credit score is a big factor in getting a loan, but you may not realise just how much of an impact it can have on all aspects of your financial life. Your credit score can influence everything from interest rates and insurance premiums to apartment rentals and even job eligibility. […]
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. […]