Saving 101
70% of South Africans spend all their monthly salary or even more than they make, according to research done by Deloitte in 2021, this makes it difficult to save. What is Saving? At its most basic, saving is the act…
Budgeting
Interesting facts – How South Africans Spend Their Income According to Brand SA, household expenditure is 32.55%, followed by transport 16.29% and education is on 2.45%. What is a budget? A budget is an analysis of personal revenue and expenses…
Hustle 101
In the context of accelerating your savings one of the suggestions is to increase your income by starting a side hustle/business. Accelerate your Savings – Start a Side Hustle Piggyback on Trends Solve Problems – Customers don’t particularly care about…
What is financial planning?
Financial planning is the process of taking a comprehensive look at your financial situation and building a specific financial plan to reach your goals. As a result, financial planning often delves into multiple areas of finance, including investing, taxes, savings,…
Five Money Habits of Never-Broke Women
Interesting Facts According to a Sanlam online study of South African women, 72% of them believe they are living in “survival mode. “According to the report, financial concerns account for 86.4% of South African women’s sleepless nights, with health concerns…
Building Intergenerational Wealth
“Each moment we act in favour of our future, we are living our individual legacy” Building wealth relies on proper financial planning, to clearly define future financial goals. The process of creating wealth starts with “seeds” of wealth which will…
Managing Your Debt
Interesting Facts According to data from debt counselor DebtBusters, South African consumers spend 63% of their gross income on debt payments. As a result of the effects of inflation, interest rate increases, and a decreased ability to borrow, many consumers…
The Relationship Between Finances and Mental Health
1. Overspending According to Carly DeBeikes a startling 76% of purchases are made by customers while they are already in the aisles of the store. 57% of consumers ultimately spent more money than they had planned. Financial irresponsibility frequently develops…
The Impact of Finances in Relationships
The Impact of Finances in Relationships It takes more than romantic gestures to develop a relationship and share a life with someone. When you are in a committed relationship, you are also creating a financial partnership. How each partner manages…
Managing Risk
Managing Risk Without the ability to afford to save, invest, and insure themselves against risks, many families struggle to translate the income they earn into wealth. Risk in Insurance In insurance terms, risk is the chance something harmful or unexpected that could happen. This…