Exciting changes are coming to the way we save for retirement in South Africa starting September 1, 2024! The new Two-Pot Retirement System is designed to help you save more effectively for the future, while also giving you some flexibility to access a portion of your funds when you need them. What’s in the Two-Pot System? Here’s how it works:...
Everyone is talking about the formation of the Government of National Unity (GNU). Ministers and Deputy ministers have been appointed. And while not everyone is entirely sure how things will play out, the change is set to bring some major benefits for everyday South Africans’ wallets. This coalition of different political parties is all about stability, unity, and getting things...
We all want the absolute best for our kids, right? And making sure they get a top-notch education is often at the forefront of our minds. But let’s face it, with the cost of education soaring in South Africa, it can feel like a pretty overwhelming task to fund our children’s academic dreams. That’s where the magic of an education...
Having money saved up for unexpected situations is really important, especially when the economy is uncertain. Here’s a simple guide to help you save up, even if it feels hard: Know How Much You Need: Figure out how much you want to save for emergencies. It’s good to aim for saving enough to cover your living costs for 3 to...
Thinking about taking out a loan or getting a credit card in South Africa? Well, buckle up because there are some pretty sweet benefits waiting for you: Benefits of Taking Out a Loan: Access to Funds: Imagine having a chunk of money at your fingertips for all sorts of things like buying a car, sprucing up your home, or handling...
It is the new financial year and times are tough right now. With jobs scarce and businesses tightening their belts, it’s like we’re all walking a financial tightrope. But fear not! We’ve got your back with some down-to-earth tips to help you navigate these choppy waters in South Africa: Take Charge of Your Cash Flow: Let’s start by getting a...
Just like we focus on our physical health with New Year’s resolutions, taking a moment to consider our financial health is equally important. So, here’s a friendly list of financial New Year’s resolutions with actions to help you on your journey. Think of these as priorities to cover the essentials first, paving the way for a fantastic financial year. Start...
It is finally Dezemba! But with all its holiday charm it can also bring a load of expenses. Nobody likes a broke January, so here’s our friendly guide to spending wisely during the holiday season: Craft a Jolly Budget: Before you start shopping, know how much you can actually afford to spend. Figure out how much you can comfortably spend...
The festive season is just around the corner, and it’s all about spreading joy and celebrating with loved ones in South Africa and around the world. But we know it can also bring some financial stress. So, let’s talk about how you can make this special time even more enjoyable without breaking the bank. We’ve got some friendly financial tips...
So I got to thinking the other day that I haven’t thought much about retirement planning. It’s important stuff that can make a huge difference in your golden years. Imagine not having to stress about where your next meal will come from – sounds pretty awesome, right? I dug around a bit and I’ve got some tips to help you...
