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What are the three phases of money laundering?
Money laundering seems like the kind of thing that’s only a concern in blockbuster films. However, South Africa is, in fact, considered a hotspot for money laundering. So, what does this actually entail, and what are the consequences of t...
Asset repossession - what banks want you to know
When you’re facing financial strain, it can be difficult to keep up with your debt. Unfortunately, if you refrain from paying your debt, your creditors have the right to take legal action against you. This includes repossessing your asset...
How to spend a lump sum for great returns
Imagine you win the lotto. Anyone in this position would be ecstatic! But once your excitement settles down, you’ll have to consider what best to do with this money.
How to identify an investment scam
Many people invest a lot of money for their future and that of their offspring. Unfortunately, some of them never reap the benefits because the investments were scams. Luckily, there are ways you can find out if an investment opportunity is too ...
Financial conflict can lead to divorce – here’s how to prevent it
Talking about money is an intimate matter, and it may be uncomfortable for couples who’ve managed to avoid this discussion. However, it will become necessary at some point or other. Do you think you’re ready to talk to your partner...
This is how much you should spend on accommodation
As your salary changes over time, your expenses will change too. But what if you’re spending an exceedingly large percentage of your income on accommodation? Is it feasible or even recommended in our current stressful financial climate?
COVID: Selling a house in the time of Covid-19
Selling your house can be one of the biggest challenges you’ll ever encounter in your life. This is not only because of the time and money spent investing in it and your accompanying emotions, but also because of economic factors. But is ...
Can your debt be cancelled?
If you constantly struggle to pay your debt, you may have considered asking your creditors to write off some - or all - of it. But this request is highly unlikely to be met with any success.
Be financially prepared to lose your job – here’s how
During uncertain times, it’s natural to be concerned about the security of your job. Regardless of your performance at work, you may be out of work if your company is no longer profitable. But what would that mean for your personal financ...
Should you save for a new car or finance it over time?
Buying a car is a long-term commitment. You either need to save up for it or pay it off over time, and the option you choose will depend on your personal circumstances and preferences. So, what should you consider when deciding which payment met...
Older people pay more for car insurance and other myths busted
When it comes to vehicle insurance there are nearly as many myths flying around as there are uninsured vehicles. The bottom line is that an insured vehicle is a safe vehicle that can save you a lot of money in the case of an accident. Yet, the m...
How much money do you need to move abroad?
Moving abroad means uprooting your life and transferring everything you have to a foreign country – including your finances – which can be both risky and expensive. So, what are the costs of doing this, and how much should you...