What to Do if You’ve Been Scammed
Firstly, what is the definition of fraud?
Fraud is defined in the dictionary as the “wrongful or criminal deception intended to result in financial or personal gain.”
This means that fraud usually involves a person, or group, usually intending to deceive others by claiming a certain identity, qualities, or a set of accomplishments.
Fraudulent acts usually involve a misrepresentation –…
What’s the Real Cost of a Loan?
Remind me – what’s a personal loan?
A ‘personal loan’ is money that is borrowed from either a bank, an online lender (such as Wonga), or a credit union that can be paid back either in a lump sum (all at once, paid back with interest and fees) or over an instalment period (typically a period of months or years, paid back with interest and fees).
Personal loans are ‘unsecured’ – meaning th…
How to Stop Spending Money
Do you ever find yourself spending more than you like? Our easy guide can help you stop spending money - and help you save up for what you really need.
Withdraw a budgeted amount of cash to prevent impulse spending
‘Impulse spending’ is where you find yourself struggling or unable to control how you spend money. For many people, this means being unable to say ‘no’ to buying popular ite…
How you can Save Money Each Month
Whether its to save up for a special goal or to make it to month-end, everyone can always sharpen their saving skills. Below we explore how you can save money each month.
How do I get started?
If you’re ready to start saving money, it’s likely that you need to either free up money each month to put towards a particular expense or series of expenses, or you have a long-term goal in mind…
How to Get Started with Budgeting and Manage Cash Flows
What is a cash flow?
Most of us rely on a form of income each month, and we’ll also have multiple expenses – which could range from groceries, to school fees, to petrol or other utilities.
A ‘cash flow’ is a term that describes the movement of money. While this can refer to one particular expense item or payment, the term is often used to describe the movement of both income and expens…
When Credit and Culture Collide: The Role of Informal Lending
In South Africa’s changing financial markets, the introduction of new legislation can radically alter the dynamics of the formal and informal credit market – forcing consumers to change their borrowing behaviour, and driving credit providers to adjust their offerings accordingly.
With the implementation of tighter lending criteria following amendments to the National Credit Act in 2015,…
What You Need to Know About Chargebacks
A ‘chargeback’ is simply the reversal of a debit order payment made from a bank account, where the bank account holder requests that the payment amount be returned to them.
Chargebacks differ slightly from the idea of a refund – where a customer might contact a merchant or service provider for their money to be returned should they be dissatisfied; a chargeback sees a bank directly retu…
What You Should Consider When Choosing a Financial Advisor
While most people might be prepared to manage their wealth on their own or to follow the suggestions of friends or families, there is no better option than to take on the services of a licensed financial advisor to help you manage your money, goals, and long-term plans as well as suggest financial products (such as investments) that can help you get ahead.
Though their services do invol…