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 More than just selling – being an entrepreneur at a market

It only takes a couple of seconds for Sheryl Ozinsky, co-founder of the Oranjezicht City Farm (OZCF) Market, to tell whether an entrepreneur will succeed as a local trader. By looking at their body language, she immediately gets a sense of whether they’re going to engage well with their clients and handle the demands of trading at a market.

Read more

22seven: Worth a try?

We live in an era where there is an app for everything. From monitoring your heart rate and menstrual cycle to tracking your sleeping habits and your monthly budget. While this may seem invasive being made aware of your spending habits and where you may be overstepping your budget, it is the best way to rectify and cultivate better financial health.

Read more

My two cents on the Nedbank MobiMoney account

In November last year Nedbank, launched a mobile account called MobiMoney. This account is similar to one of its existing accounts called Send Imali.  However, it’s not only limited to existing Nedbank clients. 

Read more

The cost of being sick in South Africa

Finding affordable healthcare in South Africa is possible, but it comes with its own challenges. Justmoney contacted 13 doctors in Cape Town to find out how much an appointment costs. We also found out how medical schemes assist with these costs, and we compared South Africa with its BRICS counterparts.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Obz Cafe Cocktail Special

Price: R55-R59
When: Tuesdays-Fridays
Where: Cape Town

Telkom January Big Deal

Price: R807 pm
When: Until 31 January
Where: Nationwide

Planet Fitness Special

Price: R199
When: Daily
Where: Nationwide