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 expen...
Read More..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 201...
Read More..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 re...
Read More..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 inv...
Read More..Starting an investment or a new savings account is a huge milestone, and one you can feel proud of – however, your financial journey doesn’t just stop there. Between monthly costs, interest rates, accessibility, and what level of risk you’re willing to take on, there’s a lot to consider – and when you’re set to grow your money and make financial decisions that could affect your future...
Read More..Financial fraud continues to rise, and the internet has only made it easier for scammers and fraudsters to reach unsuspecting victims through many different means – whether it be through voice calls, emails, SMS, or even instant messages. With that in mind, we’ve got 5 easy tips to share to keep yourself safe and alert. Verify emails, calls, and SMSs Fraudsters and scammers will often...
Read More..In our family life, there are few occasions where we actually sit down with our parents, siblings, or children and actually discuss our budgets and what might be hindering us from reaching our financial goals. In many cases, parents might feel worried about their ability to provide for their children, and children might feel uncomfortable in asking their parents for money or guidance...
Read More..The power of technology puts the world’s information at your fingertips, and when you’re ready to create a budget or set a savings goal to get ahead, that means that you can turn to many great apps, devices, and online services to get the job done! Here, we’ll run through several great ideas to help you save money. Use a shopping companion app When you’re out and hitting the grocery s...
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