It's often good to find a financial adviser and get some professional advice. But beware of the salesman and snake-oil merchants though.
Category: Financial Health
Financial health is more than just about how much money you have or what car you drive. It’s far more than that and relates to how prepared you are for emergencies, your retirement savings, investments and overall health of your bank balance.
We’re often afraid to take a real honest look at our financial health and make the necessary changes when we find areas that need improvement.
Looking at your emergency fund, your debt situation and how prepared your are for major catastrophes. These are all part of the financial health plan.
Read these articles for financial health tips and to ensure that you’re good financial health.
Life Insurance – Putting a value on YOU
Your most valuable asset is likely YOU and your ability to provide an income for yourself and your dependents. See how important life insurance really is.
How to manage parents finances
Managing your parents’ finances if they are incapacitated is a tricky subject. Power of attorney works up to a point after which it is no longer valid.
A good reason NOT to pay off your debt
It could be contentious, but it's probably more important to set up an emergency fund than pay off outstanding debt. A reason not to pay off your debt.
Where to save your emergency fund
Consider these fundementals when deciding where to save your emergency fund. Also see some of the misconceptions about using your home loan for this purpose
Teach children about money
Teach children about the value of money from an early age and empower them to make sound financial decisions throughout their lives, this according to Lisa Illingworth, co-founder and CEO of FutureProof SA. “We take so many of our habits,…
Balance between saving and spending
It's not easy finding the balance between saving and spending. On one hand we work hard for our money and really feel that we deserve to enjoy it (which we do!). On the other hand though, we need to save…
How to save for emergencies
Can you deal with an unexpected car maintenance bill of R5,000? Possibly on the credit card but what about cash? Let's look at how to save for emergencies. #MoneyMonday – short to-the-point money thought every Monday to give you motivation,…
A helpful guide to understanding a credit report
Content on understanding a credit report provided by fincheck (not sponsored and no affiliation) Listen to me chat on radio about how to understand a credit report.</p> All things financial aren’t as simple as it is made out to be.…
Mindfulness and Money
As we become more aware of the benefits of a mindfulness practice, one should explore the importance of how mindfulness and money relate to each other.
How the 2019 Budget Speech affects us
There was much hype and anticipation ahead of Finance Minister Tito Mboweni’s 2019 budget speech. Knowing some of the major challenges the country faces many were interested to see how the Finance Minister would juggle the fiscus to address issues such…
My personal inflation rate seems to be going up
I've just come out of my annual performance review and despite being told how well I'm doing at work, I received a really dismal 5% salary increase. I'm being brave sharing this as colleagues may well read it and perhaps…