Apart from receiving interest on savings, there are several advantages to having a savings account. Is the prospect of browsing various online bank websites searching for the most competitive interest rate on a savings account a source of concern? Finding the most extraordinary high-yield savings accounts in South Africa, on the other hand, does not …
Whether your geyser fails and floods your home or your vehicle breaks down while you’re away on vacation, unexpected bills may cause restless nights. Fortunately, we have access to financial aid via a number of credit sources. There are several reasons why you could want more funds. Perhaps you’re looking to decorate your home, expect …
Saving money is a topic that is constantly on our minds. Every time our phones ping to let us know more money has left our accounts or we have to make a big, unexpected purchase, like for car repairs. We wish we had been responsible and started a savings pocket long in advance. The …
Raising kids is a major feat and responsibility on its own, throw in trying to turn over the pennies and it starts to feel almost impossible. There are so many small expenses that slip past without you even realising it and at the end of the month you look back and you’ve gone way over …
You’re here because you want to get control of your wealth and create more financial freedom. Budgeting is the perfect place to start. Budgeting covers everything from expenses and income to paying off debt and saving for your dream holiday. Budgeting can be daunting, especially when you’re just starting out. Don’t be alarmed, though, budgeting …
Although everybody seems to understand the importance of saving money, many procrastinate – putting it off for the future, and believing it’ll be easier to save when they’re making more money. While this may indeed be the case, it’s also important to note that spending and saving are both relative. If you think you’re going …
The emergency funds are money people have in a safe place that they can access when in financial trouble. A safety net is a financial tool that helps people in times of financial distress. The assets in an emergency fund are usually cash or other highly liquid assets. This makes it easier to draw on …
What is an Emergency Fund? An emergency fund essentially consists of money that’s been put aside to deal with unexpected events. You can live on the money for a few more months if you lose your job, or to pay for an unexpected expense. You can think of it as an insurance policy. You are …
Why an Emergency Fund is More Important Than Ever Read More »
A lot of us have heard of this thing called a Credit Report. It’s almost one of those words we don’t want to say out loud too often – just in case the Tokoloshe hears us. The problem is credit reports, and our credit status for that matter, is something that affects areas of our …
Sanlam recently launched a video campaign in aid of Savings Month. They enlisted a guy known as The One Rand Man who spent the past month without any form of credit or online financial services. In fact, all he had was his salary paid out to him in R1 coins. After watching the series of short videos …
