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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,…

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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 T…

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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…

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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…

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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…

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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…

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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…

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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 surv…

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