I've been thinking about the new year and what it will bring and as I speak to people I realise that budgeting in South Africa is something that everyone knows that they should do, but they don't. It's one of…
Tag: excel
Pay home loan or invest?
I was wondering today whether my strategy of paying off my home loan early instead of investing is indeed the best. You know, pay home loan or invest? There are so many things to consider and I sometimes relook at…
How to calculate the interest you can earn
Here's a quick explanation on how to calculate the interest that you can earn on your savings (or pay on your debt). Let's use an example of R1,500 in your bank account that earns 3.5% interest. First thing to note…
Budget by payment forms
We all have different spending habits and ways of working with money. That's why you need to find a way to budget that works for you! Especially a way to budget by payment forms such as cash, credit card, ETF…
Create a simple budget
Many people hate budgets and if you've never made a budget before then you should really start with something simple. Not that you ever really have to get too complex, but as you work with a budget over time you…
Create Savings Pockets
You might manage to save a few extra bucks each month, but what do you do with it? Wouldn't it be great if you could create savings pockets for every goal of yous? That would probably help as we somehow…
Calculate the Future Value of an investment
In this article we looked at the effect of extra payments into ones home loan (mortgage bond). That's all good and well, but what if you don't have a loan? Perhaps you would rather invest your money or save it…