Guiding consumers since 2009

Cash is King

By Staff Writer

Cash is king as rate hikes sting shoppers  

By Nicola Mawson                                                                                                         From Businessday.co.za

THE credit binge seems to be over, with consumers turning to cash instead of credit as rate hikes start to bite. As rising food and fuel prices put pressure on disposable incomes, consumers are finding it harder to service their debt, which will have long-term consequences for credit sales.

Justmoney.co.za says:

If cash is king make sure that your savings accounts and bank accounts have the lowest charges and highest returns. Consolidate your debt with your homeloan or a personal loan and consider transfering your credit card so you can pay it off at a cheaper rate.

Recent Articles

Featured Can you take out vehicle finance on an old vehicle?

As it turns out, creditors have several concerns regarding cars older than 10 years. Justmoney has a look at why creditors are sceptical of older vehicles and what you can do to get around this.

Should you have a living will in place?

When you hear the word will, the only thing that comes to mind is the document that states who is going to inherit you property when you’re dead. But have you thought about who’s going to decide what happens to you when you become incapacitated? A living will can help you do just this.

Know the difference between a loan and a credit facility

Choosing the correct product according to your needs is critical in making smart financial decisions. Credit options can be separated into two main categories – loans and credit facilities. But for some people, the lines can be quite blurred between the two.

Is property a good investment?

It’s good to consider whether property is a good investment. Justmoney spoke to numerous specialists to find out whether this is the case in South Africa.

Deals

DaVinci’s on Kloof Students Discount

Price: Available on request
When: Daily
Where: Cape Town

Ghandi's Backpackers and Guest Lodge 10% Discount

Price: Available on request
When: Daily
Where: Johannesburg

Fairway Hotel Happy Hour Special

Price: Available on request
When: Until 13 December 2019
Where: Johannesburg