financial plan
n terms of the Income Tax Act, donations made to or for the benefit of a spouse married with an ante-nuptial or post-nuptial contract are exempt from donations tax. Where a spouse married in community of property donates property which
As a mother to young children, these years may find you time-poor and cash-strapped as you juggle career and motherhood while at the same time paying off your home loan and vehicles. Convenience spending is likely to increase during this
The best place to house your emergency funding is in a vehicle which allows you immediate access to your cash, earns interest, and which you ideally cannot access via your debt card. While fixed deposits and notice accounts can earn
It is never ideal to become financially dependent on someone else or to rely on another person to fund for your financial future, even if you believe that you and your partner or spouse have committed to being together forever.
Tracking your expenditure and knowing exactly where your money going is a surprisingly empowering exercise. Take time to go through your bank statement and make sure you can account for every cent you have spent.
As much as we try to encourage our children to make smart money decisions, it’s important that we allow our kids to feel in control of their financial decisions. While they are relatively young and the damage can be limited
Start your career the right way: by spending less than you earn and saving the rest. Before your first pay cheque lands in your account, prepare a budget taking into account any new line items as a result of your
If you’ve never had a retirement plan prepared and you don’t know whether you are putting away enough for retirement, this will undoubtedly be a source of stress for you. According to the 10X Retirement Reality Report, 67% of economically
Interests rates are currently very low which could give you a false sense of security when it comes to repaying your home loan, car or credit card. However, interest rates are not likely to stay low this way indefinitely so
As much as your financial plan should focus on building wealth, it also needs to include an estate plan that makes provision for the distribution of your wealth should you die, keeping in mind that tragedy can strike at any
