Budgeting is difficult when things don’t go according to plan. However, there are many ways you can manage your cash flow. Here are some starting points. Review your situation Best practice is to stick as closely to your budget as possible, but things don’t always work out that way, and that’s ok. Sometimes unforeseen expenses or emergencies can complicate your financial situation. It...
Read More..To become financially literate, you’ll need the best resources to #MasterYourMoney. We’ve rounded up some awesome websites and online tools to get you started! As you begin or continue your journey to financial literacy, you’ll want to refine your understanding of key money concepts and make sure that you have access to the best tools available to master maintaining a budget, managing...
Read More..While most of us are usually very familiar with our expenses - whether that means our regular payments, what we choose to splurge on, or working with a budget - few of us delve in to understand the varying forms of income, or how income tax works. Our Financial Wellbeing Report found that 87% of South Africans aspire to earn more than R20,000.00 per month - and the key to managing a s...
Read More..When it comes to managing your money, you may find that you have a ‘money personality’ - that is, the manner of dealing with, spending, and saving your money. Understanding your money personality is an excellent way not only to gain insight into how you view money and your own assets, but also how you can work towards improving your financial practices to get ahead. Remember, if you...
Read More..Before you’re ready to buy your own home, it’s important to do research, budget wisely, and learn more about property. Here, we explore what you need to know. Research Buying your own home is likely the largest purchase you will ever make and it is important to fully research not only the home you wish to buy, but how much the entire process will cost you upfront and over time. When r...
Read More..This Women’s Month, we’re exploring great money-saving tips for women – from setting a 48-hour rule, to handling store accounts, managing debt, and more. Don’t take on your partner’s debt When entering a new relationship or if you are in an existing one, the exchange of cash flow within family units and couples sometimes involves taking on a partner’s debt in the event that they are u...
Read More..Studying further doesn’t have to be expensive. We take a look at six ways that you can further your education for free whether physically, or online. Keep up-to-date with current affairs Previously you might have had to purchase a newspaper or book, currently the internet has made knowledge freely available to everyone – making it not only easier than ever to study with convenience,...
Read More..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...
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