Guiding consumers since 2009

How will the hike hit you ?

By Staff Writer

How hike will affect you

By Abdul Milazi

From Thetimes.co.za 

Things will get worse for consumers before they get better, that everybody knows by now. But just how bad is the question.

Paul Beadle, managing director of SA's on-line guide to money, www.justmoney.co.za, told Business Times that if Reserve Bank Governor Tito Mboweni increased interest rates by even 1% , let alone 2% , ‘‘a lot of people will be pushed over the edge into bankruptcy".

Justmoney.co.za says:

The widely expected interest rate rise could lead you to be paying a whack load more than you had bargained for. Even a small rise in the interest rate can have a huge knock on effect. Check out your home loan, consolidate your debt and compare credit cards. The crunch is here. Work out what could happen to you.

Recent Articles

Featured How to choose the right loan for your unique needs

You may find yourself in a situation where you’d like to take out a loan. But did you know that there are different kinds of loans, and that one loan is not suitable in all instances?

Do this if your credit score is negatively impacted by creditor error

Let’s say you pay your monthly instalment at your local branch. But the payment, which went through on your side, didn't show up on your creditor’s side. So they may report you to the credit bureaus and your credit score can be negatively impacted.

A guide to saving after retirement

Everyone knows that saving for your retirement is good for many reasons, such as not having to depend on social grants or your family, and sustaining the quality of the life you’re leading.  However, many people think that once they retire there’s no need to continue saving. However, life doesn’t stop at retirement and you may still have decades of life to enjoy.

Try these ventures to earn a passive income

It’s sound financial sense to have more than one stream of income. By setting up a passive stream of income, you’ll earn more each month without having to dedicate too much extra time.

Deals

Get 10 pieces of chicken for R75 at KFC

Price: R75
When: Tuesdays
Where: Nationwide

Debonairs Get 2 for Iklipa Special

Price: R99.90
When: Daily
Where: Nationwide

Indaba Hotel Christmas Lunch Special

Price: R595
When: Until 25 December 2020
Where: Johannesburg


Latest Guide

Guide to debt rehabilitation solutions