“If you understand interest, you will earn it. If you don’t, you will pay it.” – Albert Einstein I think that most people know there will be interest charged when they lend money. The thing that most don’t know… is that the amount they are
Taking financial responsibility means you’re growing up
Ah the joys of growing up, getting your own place, taking responsibility and being an adult – and as you continue to pay for things you start realising that your favourite childhood memory is not paying bills – however growing up is a natural part
Holiday spending? No, it’s time to cut costs
It’s been a hard year for South Africans. And just when we were about to relax for the holidays, Mr Lesetja Kgangayo, the Reserve Bank Governor, raised the repo rate. This is the rate at which the Reserve Bank lends money to the commercial banks
7 mistakes that will keep you in debt
Being in debt is an everyday reality for 19 million South Africans who juggle necessities such as school fees, utilities bills as well as the general cost of living, sadly it’s a reality that many are also in denial about. If you’re one of those
The real reason debt is debilitating
It’s not because it gives you a bad credit record when you can’t pay. It’s not because you spend almost all of your income paying back people you owe, if you’re like most of your fellow South Africans. (And yes, we know that all of
Are you in denial about your debt?
By Winnie Kunene I once worked with a colleague – let’s call her Eunice – who exhibited one of the toxic behaviours that I believe keep people from achieving financial freedom. Eunice would let three months’ worth of mail pile up on her desk. She
Be careful about the money you borrow
Debt is like cholesterol, you need the good one and you really, really don’t need the bad one. Just like cholesterol, good debt can help you get where you want to be, while the bad debt can pull you under and leave you struggling through
Steps to get out of debt Part 1
Getting out of debt successfully is not easy. You may have already amassed a number of debts and thinking it will be impossible to ever get out. Here are 10 Steps to get out of Debt. Stop Borrowing More. If you have any credit cards
How debt counselling can help you
Your debt worries keeping you awake at night? You are not alone. South Africans are over- exposed to debt and find themselves needing to borrow money in order to pay their debt every month. This results in consumers becoming over-indebted as they do not earn
Finding a Financial Planner in 2015
There are many different financial experts everywhere. Choosing the right one for you will save you money and build wealth. If you carefully choose a financial adviser or investment counsellor, you have a far greater chance of finding one who is objective, competent, and ethical. As