Credit cards offer convenience and financial flexibility when used responsibly. However, if mismanaged, they can lead to a never-ending cycle of debt. One particularly harmful practice is debt recycling, where individuals use one credit card to pay off another, trapping themselves in a loop of increasing debt. In this article, we explore the consequences of
South Africa has one of the lowest savings rates in the world, which has significant implications for the average citizen. As we mark National Savings Month, it is crucial to bring awareness to the importance of saving money and provide practical tips to prioritise savings. Unpacking the Numbers According to Deloitte’s South African Investment Management
We all know the sinking feeling of encountering unexpected expenses that appear out of nowhere. Often lurking in the shadows, these costs can wreak havoc on your budget if you’re unprepared. And as luck would have it, these expenses – affectionately referred to as “gremlins” – tend to show up at the most inconvenient time
Looking for ways to save on your electricity bill in South Africa? This guide offers practical tips to help households work towards a more sustainable future. You can lower your winter energy bill by understanding your energy usage and making minor changes to your daily habits. Ready to try some winter tips? Check out these
In honour of Youth Month, we celebrate the vibrant spirit of the younger generation. While wisdom comes with age, there are valuable financial lessons we can learn from the youth. So let’s explore how the characteristics of the younger generation can unlock the secrets of financial success. Curiosity – The Power of Questions Parents will
On the journey from over-indebtedness to financial freedom, the destination is well worth the challenges along the way. Not only will you gain control over your finances by overcoming these challenges. But you will also develop invaluable financial skills that will benefit you for the rest of your life. Debt Management One of the first
We’ve all been there, captivated by clever marketing tactics that swayed our purchasing decision. Whether a limited-time offer or an influencer’s endorsement, marketing tactics capture our attention and convinces us to buy, buy, buy! While nothing is inherently wrong with these tactics (who doesn’t love a great bargain), you need to be able to make
The New Year is an ideal time to put your critical goals into action. What better way to start 2023 than by learning about (and taking control of) an imperative aspect of your life – your FINANCIAL situation. “Taking a look at your fiscal position or summarising where you are with your finances is the
Christmas festivities has begun. And, given that you, your fellow South Africans, and the rest of the world continue to face financially draining challenges, it stands to reason that you would want to let off some steam and enjoy the silly season without having to worry about money. Is it, however, worthwhile to incur additional,
Exercise caution when participating in any upcoming Black November online or in-store ‘shopping bonanzas’ simply because you ‘can’ or ‘want’.