debt
While a budget should be bullet proof it should not be cast in stone. As your personal circumstances change, so too should you budget. Poor market returns, unrealistic goals or expectations or changing jobs may necessitate that you adjust your
Avoid the temptation of buying too much car for your purposes as it will only serve to burden you with extra costs such as higher insurance premiums, fuel costs, tyre replacements, and expensive spare parts and services.
As your adult children become financially independent and your net wealth grows, you may find that you can reduce your life cover to a certain extent.
If you’ve previously made a soft loan to a friend or family member, you may be regretting that decision and contemplating asking for the money back.
While you are reassessing your life cover, take time to review the beneficiaries that you have nominated on your various policies and investments, including any retirement funds that you have in place.
Many employees make the dangerous assumption that this cover is sufficient for their needs and adequately protects them in the event of death or disability.
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.
A partnership is effectively a joint venture between two or more people who have come together for the purpose of carrying out a trade, business or profession, although it is important to note that it is not a separate legal
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.
