Guiding consumers since 2009

Good financial planning is forever

By Staff Writer
February is many things to many people. For some it's about love and novelty presents, for others it's the opening of parliament and budget speech, and for others it's just another hot summer month.
Speaking of the budget speech; it's happening this afternoon, and although the experts are not predicting anything earth-shattering, now is a great time to take a page from Mr Gordhan's book:

The first step in managing your money is to take a good hard look at your daily, monthly and yearly expenses. This includes everything from your daily coffee on the way to work to your car's yearly service. You can then enter this information in our handy budget calculator as this will help you see and understand where your money is going and where you need to trim down.

Managing your debt is the next major step: Pay off your debt as quickly as you can by starting with the accounts that draws the most interest, like your credit card and clothing accounts. If you realise that you can't get on top of your debt on your own, get help from a debt management consultant or consolidate your debt into one account as this will allow you to pay only one amount each month.

Getting back to Valentine's Day: How much did you spend on chocolates, roses and dinner this year? Vote in our poll and let us know. And remember: Chocolates melt and roses wilt, but good financial planning is forever.

Recent Articles

Featured Work from home, have meetings at restaurants – the new normal?

With companies moving from static office spaces to working remotely, meetings have predominantly been held online. However, some companies have turned their attention to meeting at variable locations, such as restaurants or hotel conference rooms.

Is a home loan a great savings tool?

There are many saving and investment options available to consumers. What you decide to use is dependent on your circumstances. But should you make your home loan your choice of a savings vehicle and how does that exactly work?

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?

Deals

Earn up to 50% of your tax return submission fee back in eBucks

Price: Available on request
When: Daily
Where: Nationwide

Be part of the Belly Of The Beast Weekday Spring Special Lunch

Price: R350
When: From 23 September 2020
Where: Cape Town

Tony’s Roma Breakfast Special

Price: R39
When: Daily
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions