Guiding consumers since 2009

The economy, you and 2010

By Staff Writer

It is a New Year, a new year after a rather hard year before. 2009 was the year of the global financial crisis. There were a lot of people severely affected by the economic crisis. Jobs were lost, pay cuts were taken, and bonuses were a pleasant dream, just before you woke up. 2010 is here now but the future has always been hard to predict. So what can we look for?

 

 

  • Goodwill from the World Cup
  • Continued international stability issues
  • Possible monetary bubbles

 

The outlook for 2010 is one that could be better, but could just as likely go the same way as 2009. There are a lot of external factors at play here and the more that you can remove yourself from them, the better and easier your passage through the next year can be. This means getting your debts paid off, and not entering into any new credit agreements. In fact the key will be budget planning.

Planning a budget is a rather dull exercise, it's not fun, especially when you see how much of your hard earned cash has to go to just pay off the people that you already owe money to. It is tempting to just ignore your budget plan and hope for the best, but that kind of thinking was a huge contributor to getting us into this mess in the first place. There will be some good times to come in 2010 but be wary, as it could all change very quickly.

Recent Articles

Featured Everything you should know about tax auto assessment

In 2019, the South African Revenue Service (SARS) launched a system, which was dubbed an “auto assessment”, to assist taxpayers with their annual tax returns. But what does this system entail, and how will it impact you?

What does it mean to be a registered Financial Services Provider?

You may have noticed that financial institutions state that they’re registered Financial Services Providers (FSP). But what does this actually mean, and how does this benefit you as a consumer?

Should the retirement age change?

Across the world, people are retiring later than they used to. However, retirement products are centred around set retirement ages at which point you’d be able to access your retirement savings. But how applicable is the current retirement age in South Africa?

Everything you need to know about wills

Death can leave a lot of confusion and chaos. What happens to your possessions when you die can have a profound effect on those you leave behind. But you can soften the impact by drawing up a will.

Deals

Get 30% off your gym membership with Absa student account

Price: Available on request
When: Daily
Where: Nationwide

Get 10% discount on Rentalcars.com

Price: Available on request
When: Daily
Where: Worldwide

Get up to R5 back in rewards points when buying fuel

Price: Available on request
When: Daily
Where: Nationwide


Latest Guide

Guide to debt rehabilitation solutions