Planning for 2010

By Staff Writer
South African Deputy President Kgalema Motlanthe believes that the country should be proud and celebrate what they have achieved ahead of the FIFA 2010 Soccer World Cup.

Kick-off is just 99 days away and South Africa's anticipation continues to grow despite the global economic recession. So, whether you've already got your tickets or whether you'll be watching from the couch - here are some things to keep in mind before this sporting extravaganza comes to our country: 

  • Budget: make sure you plan ahead and take some time to figure out how much you are going to need and what you'll be spending it on. If you are going to any of the games, you'll probably want refreshments, memorabilia, team shirts and all other kinds of goodies. Plan your monthly budget around this.
  • Start saving: 99 days might not seem like a lot of time but it's plenty. If you start putting away just R5 or even R10 a day for five days a week and putting it into a short term savings account, you'll have money set aside so that you won't be left short when the big day comes. If you're worried about bank costs, you can also put the R5 in a jar every day. This way the whole family can see the money grow and get excited about the World Cup while seeing the real time benefits of saving.
  • Invest: It's a biggie, but the South African Gold Coin Exchange have just released a limited edition World Cup coin collection and with gold being one of the most stable investments around, what better memorabilia is there?

Like with everything in life, planning ahead for this historic event is vital if you want to enjoy yourself without still paying off the debt when the vuvuzela is broken and the soccer shirt faded.

Whatever your needs, remember that you have the chance to be a part of history. From the couch, the stands or the pub, you will get to tell your grandkids: "I was there".

Recent Articles

Featured Which one should you get first: life cover or a retirement annuity?

Financial planning can be a brain-racking process because it means making difficult decisions such as choosing the most suitable products for you. The one challenge faced by those who are financially constrained is which product to choose: life cover or a retirement annuity (RA).

Read more

Should you save or invest your money?

While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.

Read more

Retirement annuities compared – pick the one for you

When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.

Read more

Recent tax changes – how do they affect you?

In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent changes will impact you.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save R100 when you buy a tracker at Takealot

Price: R289
When: Daily
Where: Online

Pamper yourself and partner for less at Bakwena Day Spa

Price: From R999
When: Until 31 July
Where: Hartbeespoort

Pay only R35 for the new Nandos Boujee Bowl

Price: R35
When: Daily
Where: Nationwide