Thinking About Lending Money to Family or Friends? Read This First…
Some will say that family, friends and business shouldn’t mix, and that there’s too great a risk for something to fail and for it to cause permanent damage to a relationship. The same is also often said when it comes to lending cash to family and friends. Of course, it’s often easier said than done. After all, it’s only natural to want to help out someone in need, especially if that some…
How Does a Low Credit Score Affect Your Borrowing?
You may have heard banks or other financial institutions talking about a credit score, and whether it’s high or low. But what exactly does this mean, and how does it affect your lending potential? Unfortunately, many consumers are in the dark when it comes to their credit score, and don’t realise that a low score can negatively impact their ability to apply for credit.
What exactly is a…
Focus on the Future to Help Reach Your Financial Goals
Many adults have similar financial goals in life. They’d like to buy or build their dream home, send their children to a good school or tertiary institution go on holiday to new and exciting places, start their own business, and even retire early. It’s a very good idea to have financial goals, as they help keep us motivated.
What are your financial goals, and how will you reach them? By…
Making Your Household Work on a Single Income
With the increased cost of living, and salaries not always increasing with inflation, it can be hard to stretch your money through to the end of the month, even on a dual household income. However, many people don’t have the luxury of two (or more) people contributing each month, whether it’s because they’re a single parent family or because one person is currently unemployed. Trying to…
10 Financial tips for 20-somethings
When we’re in our 20’s, many of us survive from paycheck to paycheck, which can prevent us from planning ahead. When you’re caught up in making ends meet, it’s difficult to commit to a long-term savings plan. We spoke to a few people about what advice they would share with their 20-year old selves, and here’s what they had to say:
1. Learn to negotiate
Learning the art of negotiation is…
Investing 101: How to start investing
Many people put off investing because they think it’s too complicated or that you need thousands of Rands to start. Taking the first step can be challenging. The key to building wealth is by developing good habits – like putting away money each month. It’s the little things that often make the difference between a life of prosperity and one of financial uncertainty. The sooner you start,…
Lessons to teach kids about money
To raise money-smart kids, parents should start at a young age and regularly reinforce money lessons as children grow up. Starting early will help you children lay sound financial habits that will benefit them throughout their lives. Here are a few important money lessons children need to learn in order to ace their finances in adulthood.
Lesson 1: Explain where money comes from
Tips for saving money this Easter
Easter is a big deal for many South African families, and the occasion demands the right kind of action. A big lunch is standard. Going away over the long-weekend is the policy in many households. And eating lots of chocolate eggs is… well, it’s just what you do.
One way to make the holiday even sweeter would be to keep entertainment costs down. Here are three tips to help you save this…