education fund
Having a university degree provides no guarantee that you will be wealthy or successful. Some of the world’s wealthiest people dropped out of university to start their own businesses.
If you are on maternity leave, you are able to claim unemployment insurance from the UIF provided that you contributed to the fund for a period of more than four months prior to going on leave. To qualify for the
As soon as you can, start putting money aside into a baby fund that is earmarked for costs such as baby, clothes, prams, car seats, nappies, formula and toiletries. Use a savings account, money market or fixed deposit to house
Make funding for your own retirement a priority and resist the temptation to dip into your own savings. Don’t leave free money on the table by failing to use tax-efficient retirement funding vehicles. Before helping others and to ensure that
To ensure that any funds or assets intended for your minor children are not transferred to the Guardian’s Fund for administration, you can use your Will to set up a testamentary trust. This type of trust is automatically founded on
If you’re planning to be a stay-at-home mom, you will naturally need to factor your loss of income into your household budget. The transition from a double-income to a single-income family can be a difficult one, so think carefully about
If you own shares in a business together with other shareholders, it is advisable to put what is termed buy-and-sell cover in place on the lives of the shareholders – specifically where you have a large portion of your wealth
Cottage schools and smaller home-schooling centres have become more popular over the years, being particularly attractive to those learners who aren’t well-suited to mainstream-type education. These schools generally offer smaller, more intimate campuses with small tuition classes and more personalised
The tax benefits achieved by investing in a Tax-Free Savings Account are not realised early on which means that TFSAs do not make good emergency funds. The value of the tax benefit in the first five years is incredibly small,
As a single parent, if you are unable to generate an income, you will not have a spouse or partner whose income you can fall back on. An income protection benefit is an excellent way of ensuring that you will
