There's a perceived effort of saving. That is, when you feel it's too much work for the value you get. But is this really the case? Is it so hard to save money? Speaking to a colleague the other day…
Tag: interest
Compound interest is one of the wonders of the world. The investment world that is. However, just as compound interest can be an amazingly positive thing for your savings and investments, it’s the exact opposite for your debt.
Learn about interest – what it is and how it works. Be it in the positive or negative way.
How to read fund fact sheet
Fund Fact Sheets are not as complicated as you think. Let's take a look at what fund facts sheets are, what they tell you, and how to read a fund fact sheet. Fund fact sheets explained Deciding where to invest…
Use your Home Loan as a Savings Account
An awesome trick that many people miss is to use your home loan as a savings account. Potentially great interest and easy access to your money. This is not recommended for large amounts of cash, and also not for your…
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…
Should I save money or pay debt?
It's easy to feel pressured to have a savings account or some type of investment. Should I save money though or pay off debt? It's so tricky to know. Let's have a look at some of the things to consider…
How much is your coffee costing you?
I love coffee! The very thought of drinking less makes me quiver with fear. But, sometimes one must take the emotion out of decisions and just look at cold, hard facts. How much is my coffee costing? In a previous…