Have you ever wondered what happens to a pension when you divorce? As ugly as divorce is, it happens. Many people assume that the money will simply be split “half half”, but that not necessarily the case. It all depends on the Divorce Order. Let’s take a look at how retirement funds split in a divorce.
We all spend a lot of time on social media every day. Probably too much time. But can social media help our finances? Can it actually be a good thing or is it all bad? It doesn’t necessarily need to be so polar opposite, but I guess what I want to explore is just whether we can find the good aspects of social media and actually use it to improve our finances.
There are many Personal Finance terms and this is not really one of them. In fact, I think maybe it’s just me who uses this. LOL. Or maybe others call it by different names. But let’s take a look at what a Buffer Fund is, how I use it, and why I’d recommend it to everyone.
Regulations require you to use at least two-thirds of your Retirement Fund to buy an annuity when you retire. An annuity is a product that provides you with a monthly retirement income or pension. The regulation applies to a Retirement…
Have you ever wondered what happens to a pension when you divorce? As ugly as divorce is, it happens. Many people assume that the money will simply be split “half half”, but that not necessarily the case. It all depends…
Why you need third-party insurance for your car even if you’re driving an old skedonk Supplied by Sumarie Greybe, co-founder at Naked Car insurance can be expensive, so it’s not surprising that up to 70% of the cars on South African…
We all spend a lot of time on social media every day. Probably too much time. But can social media help our finances? Can it actually be a good thing or is it all bad? It doesn’t necessarily need to…
There are many Personal Finance terms and this is not really one of them. In fact, I think maybe it’s just me who uses this. LOL. Or maybe others call it by different names. But let’s take a look at…
Many people are trying to settle their home loan early. It’s a good strategy and something that I did myself for my primary property (the property that I live in). Let’s look how to go about settling your bond early,…
Investing is an essential part of personal finance management for everyone, and you can start with whatever amount you have. Don’t be intimidated and think that investing is only for rich people with millions, or that you need to be…
I really noticed a huge increase in my monthly food budget at the start of lockdown. My partner and I were suddenly spending lots of time at home and not only eating in more often, but with more time to…
Here’s how to start an online store based on my recent experience while setting up this one on Take Charge of Your Money blog. The post is a good follow on from my article on how to start blogging in…
Do you know what type of bank account is best suited for your current goals and needs? Be it daily transactional needs, business banking, long term savings goals, short term goals, emergency funds, etc. It may seem overwhelming but let’s…
You’ve heard it before and it probably makes sense, but living within your means can be hard and sometimes one wonders whether it’s even worth it. Why deprive yourself from all that life has to offer simply to make you…
People often ask and debate about who the best asset managers in South Africa are. The Asset management industry hands out awards like winemakers, so it can be tricky to really know. Spoiler alert: this article won’t propose to give…
There’s a lot of talk near the end of each tax year about tax free savings accounts (TFSA). Social media is abuzz with photos and comments about maxing out the contributions. But what is a tax free savings account and what…
Tax filing season will soon be upon us. Not everyone is required by law to submit a tax return, but SARS does know where you live and most likely how much you earn, so they’ll be expecting their dues! Who…
As always, there was much hype and anticipation ahead of Finance Minister Tito Mboweni’s 2021 budget speech. The economic crisis, COVID, rampant corruption, and failing state owned enterprises. What would he do? Where will the money come from? More tax?…
