"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…
"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…
"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…
"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…
"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…
“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,"…
"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…
"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…
"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…
“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.
“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.
"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…
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.
Keeping track of your results that are intimately connected to your strategy, adjusting and correcting a strategy as you gain insights and experience, is very important, as it is to notice how much time you are spending trading. Time is part…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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