Coronavirus
Most companies have taken a hit as a result of the coronavirus pandemic and national lockdown. Retrenchments are on the rise and unemployment is endemic. While your retrenchment may be upsetting, avoid taking it personally.
Reactive devaluation is the tendency of an investor to bestow greater value on a proposal or recommendation that emanates from someone that he likes. Where the same proposal comes from someone he does not like, the investor will place less
Whether or not you can draw from your investments depends on the type of investment you have in place. Legislation prohibits you from accessing funds held in provident and pension funds until the official retirement age of the fund.
Now is a good time to check the beneficiary nomination on your policy as this can affect how, when and to whom the claim is paid out. If you have nominated your estate as the beneficiary on your policy, the
It’s in times like these that we realise the true value of having a second or passive income. Having an alternate source of income, regardless of how small, can help to mitigate the risk of income loss or reduction.
It is counterintuitive to give beyond what is realistically affordable, and building your charitable pursuits into your overall planning will allow you to give confidently and consistently into the future.
Choosing a school for your child has multiple, long-term cost implications for you as a parent. School fees aside, there are a number of other costs and considerations that should be taken into account – bearing in mind that your
According to a recent World Bank study, poor people are more likely to make bad financial decisions because they are compromised by what is referred to as ‘financial fatigue’. Their constant, day-to-day financial struggles impact on their psychological resources and
By all accounts, we will be confronted with Covid-19 in South Africa for some time still. Time is of the essence when it comes to budgeting and financial management, and the cost of doing nothing can be great.
