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News Updates:

Financial Planning

 

Financial Planning / 21-06-23 / Robyn Laubscher

Leaving a legacy, intergenerational wealth, or succession planning? Why you should care

"Estate planning encompasses more than merely drafting a will. and it can be a powerful tool. Not only can it ensure that your loved ones are well-looked after once you pass away, it can also ensure a smoother transition of intergenerational…

Financial Planning / 15-06-23 / Tau kaVodloza

How to make savings matter from a young age

"We could influence the way our children save or spend their money through ongoing conversations. These conversations should revolve around the concept of ‘choice’ by giving our children the option of spending versus saving their allowance or…

Financial Planning / 15-06-23 / Sisanda Ndlovu

Tips for Father figures facing extreme financial pressure

"First and foremost, living within your means is essential. Avoid spending more than you earn and refrain from making major purchases, such as buying a house or car, before you can truly afford them," advises Charnel Collins, CEO of National…

Financial Planning / 09-06-23 / Sisanda Ndlovu

Youth Month | Your first salary and how to make the most of it

"While earning your first salary is an exciting moment for all new job starters, the deductions often come as a surprise to first-time employees. It’s important to educate people from a very young age about the pitfalls of credit agreements…

Financial Planning / 02-06-23 / Velmah Nzembela

Velmah Nzembela | Seven effective strategies to build and maintain an emergency fund

"Trim discretionary spending and focus on essential items. This might involve reducing entertainment expenses, dining out less frequently, or finding more affordable alternatives for certain services,"says Velmah Nzembela, Head: Group Corporate…

Financial Planning / 31-05-23 / Duty Editor

Don’t let the latest repo rate hike be the nail in your home loan repayment coffin: NDA

"The repo rate hike will lead to an increase in borrowing costs for consumers. Interest rates on various forms of credit, such as mortgages, personal loans, vehicle asset finance and credit cards are likely to rise. This means that consumers…

Financial Planning / 29-05-23 / Sisanda Ndlovu

Important stages to consider when planning your retirement

“Retirement planning may be both intimidating and thrilling at the same time, but there is one thing that a person should do early in their careers: establish what their retirement goals are and then work towards those goals from the start,"…

Financial Planning / 22-05-23 / Chris Smit

Credit scores: how and why you should keep them in check

"In essence, your credit history provides banks and other lenders with an accurate indication of the level of risk you represent as a potential debtor. And while living debt-free may seem like a favourable outcome, the long-term implications…

Financial Planning / 15-05-23 / Sisanda Ndlovu

As a mother, you can influence your child’s relationship with money

"I am motivated by a proverb that 'Train a child the way he should go and make sure you also go the same way'. This is the cornerstone to enjoying parenthood and the reason that I have become intentional about what I teach my child including…

Financial Planning / 12-05-23 / Sisanda Ndlovu

Things to consider when drafting your Will and naming an Executor

"Many service providers will offer to draft your Will, according to your wishes, at no cost. It’s however important to consider if your service provider for Will drafting should be your nominated executor, and if they have the required skills…

Financial Planning / 11-05-23 / Shelly Nxumalo

Mothers in debt: navigating your finances

“Single mothers, in particular, face extra pressure when it comes to managing their finances. With limited resources and no second income to rely on, making ends meet can be a constant struggle,: says Charnel Collins, CEO of National Debt Advisors.

Financial Planning / 10-05-23 / Sisanda Ndlovu

Could a job be the first step on your entrepreneurial journey?

“If you keep your eyes open and treat a job as a learning experience, there’s a huge amount of value to be gained for a budding entrepreneur in the formal work environment.” says Andiswa Bata, Head: SME at FNB Commercial.

Financial Planning / 24-04-23 / Duty Editor

Tip Box: Tips to draft your Will

"FNB recently introduced a new feature on its App to help customers set up their Will faster, easier, simpler and at no cost. The feature draws on  the customer’s financial information to pre-populate certain sections, but also allows the individual…

Financial Planning / 24-04-23 / Duty Editor

Financial freedom: 6 steps to becoming debt free

CEO of National Debt Advisors, Charnel Collins says that during these tough economic times, debt continues to be a heavy burden to bear for many households who are struggling to make ends meet.