Wonga News

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Peers and Money - how to handle it

With the rise of social media and influencers, we live in a world where most of us feel the need to keep up with our peers. We’ve all been in a situation where we did something we would not normally do, by allowing other people to influence us to the point that we made decisions based on their values, instead of our own. Wanting to feel part of something or be accepted by your circle of…

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10 Common Finance Terms Everyone Needs to Know

Does financial jargon like inflation or ROI confuse you? Don't worry, we know it can be intimidating. Mastering your financial vocabulary will help you take the first step towards financial independence. We’ve put together a list of must-know terms to help you along the way. Budget Budgeting is the process of creating a plan to spend your money. This spending plan is called a budget. Sin…

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The Power of an Hour

Achieving your goals in an hour a day Work smart, not hard... It’s a simple phrase that packs revolutionary wisdom that could totally transform the way the vast majority of people live. Instead of putting in ten, or even twelve hours a day at the office to get through your work, be more efficient… and get twice as much done. This is the work philosophy that 21st Century society is slowly…

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A 5-step Guide to Taking Control of Your Money

Do you ever feel as though your finances are completely out of your control? With multiple automatic deductions going off your account at the end of the month it can seem as though you have little say as to where your hard-earned income goes. Personal loans credit card payments and other debt quickly eat into your monthly salary. Furthermore, how much you earn isn’t necessarily the probl…

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Why Friends and Money Don’t Mix

"Friendship and money is like oil and water.” - Unknown. Have you ever been approached by a friend or family member looking for a small loan? It can be a tricky minefield to navigate, and in some cases, could affect your friendship or relationship negatively. Before you agree, ask yourself a couple of questions. Do you trust the person to pay you back? Can you afford to write the money o…

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Wonga SA Launches Personal Loan Product

Response to consumers requiring more short-term loan options Wonga Finance South Africa (Wonga) has extended its product offering with the introduction of a short-term, flexible instalment loan. This was developed in response to consumer feedback that showed a need for more short-term loan options, which are both quick and affordable. “Many South Africans are struggling to make ends meet…

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Are you a Proactive or Reactive Spender?

In a culture packed with stereotypes, definitions, and “boxes” which the entirety of humankind is coaxed to fit into, there are two legitimate categories that can truly help us understand why we are the way we are: Proactive and reactive personality types. Reactive people go through life allowing their circumstances and environment to dictate their behaviour and their fortune, while proa…

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The Psychology of Money

Money may be a physical thing – the paper in your wallet, the coins in your pocket, the numbers in your bank account – but it comes with a whole lot of psychological baggage that affects our lives in a profound, yet intangible way. Our regard for money is described as our “money personality” and, as with humankind, there are a whole lot of money personalities out there. The key differenc…

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