Category Archives: Personal Finances

How to Save on a Tight Budget

An emergency fund is not only useful to help you pay for unexpected car problems, household emergencies or unforeseen hospital bills, but it can critically determine whether you remain able to keep a roof over your head. Many people, no … Continue reading

Posted in Personal Finances | Tagged , , , , , , , , , | Leave a comment

Legal ways to pay less tax and grow wealth

In the National Budget address at the end of February, the Finance Minister is expected to announce tax increases. Fortunately, there are many ways to grow wealth in a tax efficient way. Speak to your financial adviser about ways to … Continue reading

Posted in Personal Finances | Tagged , , , , , , , , , , , , , | Leave a comment

‘Tis the season to pay taxes

It’s time to file your tax return again and the South African Revenue Service (SARS) has changed its system to allow only registered tax practitioners to file on behalf of another person. “If you make use of a tax practitioner, … Continue reading

Posted in Personal Finances, Your Business | Tagged , , , , , , , , , , | Leave a comment

Credit Amnesty might not be such a good idea, here is why:

On 5 September 2013, the South African Cabinet released a statement confirming its approval of credit amnesty. According to the statement, the “credit amnesty seeks to address the issue of access to credit to those South Africans that can afford … Continue reading

Posted in Personal Finances | Tagged , , , , , , , , , , , , , , | Leave a comment

Seven ways to save without changing your lifestyle

Behavioural finance shows us that if we have to cut back on our lifestyle in order to save we experience this as “a loss” today rather than as a long term benefit. This feeling of a loss can really demotivate … Continue reading

Posted in Personal Finances | Tagged , , , , , , , , , , | Leave a comment

Be careful of the high cost of living

After the petrol hike and the proposed higher electricity costs looming, your living expenses will be more expensive. You will need to address this now or you will find yourself in trouble within 6 months. 1. Have a contingency fund. … Continue reading

Posted in Personal Finances | Leave a comment

Five strategies of successful wealth creators

1. They always know what is going on in their finances Take a few hours every month and do your admin. File your policies and investments; go through your bank statements. Understand where you are spending your money – you … Continue reading

Posted in Personal Finances | Leave a comment