Finance Minister Pravin Gordhan this week announced the details of the 2017/18 National Budget, saying that it has been “an interesting 14 to 15 months since I was asked to take office in December 2015”. We took a look at what the national budget holds for you, the individual taxpayer. A new high-income tax bracket…
1.Take a packed lunch to work instead of buying sandwiches from the canteen or takeaway around the corner. 2. If you are contemplating a purchase that is not an absolutely necessary item, give yourself a week to think about whether you really need it before you hand over your hard-earned money. 3. Use your…
As a parent today, you need to be setting funds aside from the time you have a baby – not just for tertiary education but for primary and high school fees too! There are several savings options available to you: Fundisa – This is an educational savings account introduced by the government to help you…
Teaching your kids about money As the country focuses on Youth Day this month, City Press took another look at how we educate our children around financial literacy. We often hear that South Africa has a poor savings culture, but this is not necessarily the case, says John Manyike, financial education economist at Old Mutual.…
Your wallet may be set to burst with all the loyalty cards you have from various suppliers but are you making full use of all the benefits available to you? I took a look at some of the more popular loyalty cards offering you benefits that can save on your monthly costs. Clicks Clubcard This…
Share trading used to be the playground of the rich, inaccessible to the ordinary man but today you can invest in shares through your bank in a simple transaction. We looked at what the four big banks offer you by way of share trading. First National Bank seems to be ahead of the pack in…
So, you have decided you want to invest on the JSE, you have appointed a stockbroker to manage your trading – how do you decide which shares to buy and when to sell? If like most people, you are serious about your money, this is what you need to consider when you are trying to…
The JSE is the South African stock market where all listed shares are bought and sold. Investing on the JSE is a great way to grow your money. Here’s how you can get started: Where to start? An easy way to invest directly on the JSE without all the administrative hassle is to use an…
When you were young your parents worked hard to save for your tertiary education. Times have changed and these days you need to save for every day of your child’s schooling – and that includes primary, secondary and tertiary level! Sit down and pull out a notebook for a lesson on how to save the…
A financial needs analysis is carried out by a qualified financial planner to ascertain the current state of your finances and your financial needs. It is not an invasion of your privacy but ensures that you are not sold any particular financial product without an overall assessment of your finances. For example, 20 years ago,…
