Financial Planning
How much it will cost to buy a car and send kids to school 25 years from now
Old Mutual’s latest Long-term Perspective report for 2017 highlights how inflation will impact the cost of buying a car, getting healthcare and sending a child to school over the next 10 and 25 years. The report described inflation as ‘South African enemy number one’,...
At What Age Should I Start Saving Money?
So what age is the right age to start saving money for your future? The practical answer is any age when you start to work and earn money for yourself, whether it’s being paid for chores at age 5 or entering the workforce after law school at age 25. Saving money is a...
4 Reasons You Need to Start Saving
We all know that saving is important, but so few of us really take the time to do it. Here are a few tips to help you make saving a priority today. If you’ve heard it once, you’ve probably heard it a hundred times. You need to save. You need to save. You need to save....
How to get the best deal on your personal cheque account.
Bank charges are the bane of many customers. The latest report by the Solidarity Research Institute shows that increased competition among the nation’s banks appears to be driving fees down. But increased financial pressure on consumers means charges, albeit lower,...
Mom, Dad, could you help with a loan?
These day buying a home is not so easy. Most times first time buyers will not get a hundred percent loan. To save for a deposit is not that easy with all the prices that just go up and up. For many young South Africans, it has become very difficult to secure a loan...
What is good debt vs. bad debt?
We all fear debt, the weight of owing money and mounting bills. Borrowing money to pay for an item, or debt, is the way most of us pay for the big purchases in our lives like a house or car, and it has become a fact of life. However all debt isn’t created equally....
Tax-free savings are building SA’s savings culture
Retirement reforms that come into effect on 1 March (T-Day) could hold several important benefits for South Africans. Combined with the tax-free savings account (TFSA) framework introduced last year by the SA government, the tax concessions they offer provide a good...
Financial planning in today’s economy
Financial planning in today’s shifting economy is more important than ever before. Even from a young age, financial planning needs to be given high consideration by those looking for a secure future. Financial planning is not just important for those earners in high...
Why the rand will face more manic Mondays after plunging 9%
Sydney - There’s more Monday morning pain to come for South Africa’s rand as Japanese retail investors are forced to end their romance with the currency, Macquarie Bank said. The rand plummeted by the most in more than seven years on Monday as the market turmoil in...
Research is the first step to any investment
You need to have a clear understanding of the cost as well as the risks. Investments always come with a risk, some more than others. Usually, the greatest risk includes the greatest rewards and the greatest chance for losing everything. Most people do not have the...
The Importance of Financial Planning during Times of Economic Instability
Over the past few years, the entire world experienced serious financial shakes. These affected millions of people and got many to wonder about their financial future. Are you one of these individuals? Giving financial planning a try right now is probably one of the...
Risk and Estate Planning For the Terminally Ill Patient
Nobody wants to think about his or her mortality with many even avoiding the subject of death and its consequences, such as the division of assets. But this should not be as death is unpreventable but easing its consequences on those left behind is possible and it...
