Five timeless tips for managing money
We all know that trends come and go, a type of music may be popular for a few months and then become stale or a hairstyle may define a generation before disappearing from the streets. One thing that hasn’t shifted styles over the years is how to manage money well. People who’ve done it right have tended to do most of the same things when managing their money. Here they are, and they’re w…
Financial guide to surviving the festive season
07 December 2015 - With the festive season drawing closer, South Africans are already planning for the holidays. With pricey family gatherings and Christmas shopping on the cards, it’s important that consumers make wise financial decisions.
This is according to Craig Whittaker, Head of Product at Wonga SA, who offers the following festive season advice to consumers in order to limit the…
Budgeting: Five steps to help first timers
When it comes to managing your money, working without a budget is not likely to lead you to financial security. Your debt situation won’t improve, your savings won’t grow, and you’ll miss out on the feeling that you can take care of a crucial part of life.
Having a financial game plan makes you focus on the way you use your money and helps lay the ground work for a bright future. This m…
Do you understand debt?
Have you ever sat down and considered the affordability of your debt and whether the short term loans, student loan or any other type of finance you're borrowing is good debt or bad debt? How much thought do you put into the cost of that debt and whether there is a better alternative? Do you ever sit down and actually work out how much everything you borrowed would cost to pay back over…
Financial lifeskills a big gap in managing cash and credit health reveals Wonga 2015 customer survey
29 July 2015 - The second annual Wonga customer survey has shown that a greater awareness and understanding of how money works is much needed to get on to the road to financial wellness. More than 18 000 customers responded to the survey which was conducted in May this year, many admitting that saving remains a massive issue.
Wonga SA CEO, Brett van Aswegen, said the results of the surve…
Wonga SA launches fraud hotline; warns against on-going SMS and email phishing scam
19 May 2015 - After an extensive investigation, payday loans provider Wonga SA has ascertained it is being used as a front for an elaborate phishing scam that has seen some consumers out of pocket after falling for the false notifications.
Consumers have become vulnerable to the SMS and email messages with many making contact with the rogues, handing over personal information details in…
At wonga.com, as part of our commitment to responsible lending, this month we want to challenge you, our customer, to start a savings plan if you don’t already have one.
Our challenge to you is to try and save 10% of your salary each month and not touch it, unless you have a real need for the money due to a financial emergency. And no, we don’t mean for that ‘awesome’ pair of shoes you…
Wonga Newcastle United competition winners' dreams come true
On the 2nd of March 2015 Wonga.com South Africa sent off the four winners of its Newcastle United competition, together with Sias du Plesis, on a flight to go and watch their favourite football team in action in the UK.
After arriving in London town and having a little bit of time to freshen up, the winners were whisked off to Newcastle and taken to St. James' Park stadium for a VIP tour…