When Credit and Culture Collide: The Role of Informal Lending
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 2015,…
What You Need to Know About Chargebacks
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 retur…
What You Should Consider When Choosing a Financial Advisor
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 involv…
What to Consider When Starting a Savings Account or Investment Fund
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, i…
5 Easy Ways to Spot Scams and Prevent Fraud
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 tr…
4 Reasons Why You Should Break the ‘Money Talk’ Taboo
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 to…
How to Use Technology to Help You Save Money
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 stor…
How to Make Money from Home
Whether we plan to start our own full-time business or would like a ‘side-hustle’ from home, many of us at one time or another have dreamt of working from home or pursuing another goal outside of our workplace.
Fortunately, the internet has enabled many of us to pursue many different forms of work from the comfort of our own homes, and can help serve as a secondary form of income to mana…