Search Results for:

  • ,

    5 Signs You Have A Bad Budget

    bad budget

    Using a budget to put yourself on the right financial track is smart. But if you find yourself spinning wheels and not getting anywhere, it’s time to give it a second look. Budgeting takes practice, no matter how long you’ve been at it. Even a budget that worked for you in the past may be […]

  • ,

    5 Finance Podcasts to Help You Better Manage Your Money

    finance podcasts

    Are you losing the battle with money management? It’s a struggle for many people. Especially those with student loans and credit card debt. To manage your money, you need the right knowledge. You can pay off debt and save money by listening to experts’ podcasts. Getting your wallet on track doesn’t have to be intimidating. […]

  • ,

    5 Tips and Tricks for Getting the Very Best Rate Loans

    best rate loans

    Getting the best rate loans depends on a variety of factors ranging from personal responsibility to what tools are available. It also depends on the economic climate. In South Africa, you’re in the minority if you haven’t borrowed money in the last year. In fact, an Economist report from January 2018 places the borrowers figure […]

  • ,

    How to Apply for a Home Loan

    how to apply for a home loan

    Studies by bond originator BetterBond have revealed that the number of approved home loan applications increased by 4 percent in the last 12 months since April 2018. Rudi Botha, CEO of BetterBond, attributed this increase to the growing financial stability and preparedness of many borrows. As such, if you want to know how to apply […]

  • ,

    How to Budget and Save Money for Single Parents

    how to budget and save money

    Just over 30 percent of South African children live in two-parent households. About 4 percent are raised by single fathers while a whopping 39 percent are raised by single mothers. That’s a lot of single parents, right? If you’re one of them, you know how difficult raising a child on your own is. The financial […]

  • ,

    Credit 101: What Is My Starting Credit Score? Is It 0?

    starting credit score

    Having decent credit is the gateway to getting many financial benefits in life. The thing is, though, most people don’t fully understand how it works or what their credit score even is. Understanding how credit works is the first step to having good credit, which is the best way to set yourself up for good […]

  • ,

    How to Calculate Monthly Interest: A Beginner’s Guide

    how to calculate monthly interest

    Understanding simple interest is one of the most important concepts to understand when handling your finances. Studies have shown that, worldwide, most individuals don’t understand basic financial concepts. Frequently, people borrow money from banks and other entities without understanding interest– and for no good reason! Understanding simple interest can be easy. The math involved is […]

  • ,

    The Ultimate Budget Guide for Recent Grads

    budget guide

    Graduating from college is an exciting time: new apartments, new jobs, new relationships, and complete freedom. However, all this new stuff comes with new responsibilities that you might not have had to worry about before. One of these new responsibilities is handling your money. Recent grads need to learn how to budget their money so […]

  • ,

    Credit 101: What is a Credit Card?

    what is a credit card

    Almost half of South Africans have at least one credit card in their possession. Those people obviously know what a credit card is but the other half of the population may be asking – “What is a credit card?” Credit cards are a method of payment people use to cover everyday expenses. In that sense, […]

  • ,

    Credit 101: Honest Payday Loan vs Predatory Lending

    predatory lending

    Ever been in a tight spot, but not known where to turn? We all try to spend within our means. But sometimes circumstances outside of our control force our hand. Short term loans exist to keep you afloat until your next payday. But how can you make sure that a predatory lender isn’t exploiting you […]

  • ,

    5 Important Habits of the Very Best Money Savers

    money savers

    Are you interested in saving money? Odds are that you answered yes — almost all of us could stand to stash away a little extra cash. Whether you’re saving toward a specific goal, such as buying a home, or just want to pad your savings account as adding security against economic emergencies, read on to […]

  • ,

    Budgeting for Dummies: How to Create a Budget You’ll Actually Stick To

    budgeting for dummies

    If you don’t like crunching numbers, you’re not alone. But there’s no getting around it–you need a budget. With our ‘Budgeting for Dummies’ guide, you can avoid those financial pitfalls and realize your goals. As life becomes more complicated, the last thing you want is financial uncertainty. But there is a clear path between ‘dummy’ […]

  • ,

    Credit 101: A Brief Guide to Credit Bureaus in South Africa

    credit bureau

    There are currently over 24 million credit users in South Africa. Yet only 3% of South African borrowers have actually viewed their credit bureau reports. South Africa’s credit bureaus can play a crucial role in your finances, but with around 14 registered bureaus it can be hard to keep track of them all. Keep reading […]

  • ,

    Pay Away the Vacay: 5 Tips for How to Save for a Vacation

    how to save for a vacation

    Each year, South Africans take 43 million overnight trips. The cost of those vacations can add up, especially if you are going as a family. Don’t’ sacrifice a memorable vacation because you can’t afford it. Start planning ahead with these 5 tips for how to save for a vacation. 1. Work a Side Job One […]

  • ,

    Four Helpful Purchases You Can Make With Small Payday Loans

    small payday loans

    In South Africa, total consumer credit debt amounts to R1.66 trillion. For some purchases, it’s especially wise to take out small payday loans. Over 10 million people in South Africa are in debt. However, you can use small payday loans for plenty of reasons other than bills. Here are some purchases that are worth getting […]

  • ,

    5 Life-Changing Tips for How to Control Spending

    how to control spending

    According to a recent survey, nearly 75 percent of Americans would struggle to come up with $1,000 in the event of an emergency. Are you currently swimming in a sea of debt and can’t find a way out? While some people use short-term loans to get out of these situations, others find a way to […]

  • ,

    Credit 101: How Many Types of Loans Are There?

    If you're new to the world of building credit, you may be wondering about different types of loans and how many types of loans there are. Here we scratch the surface of what could be a much longer conversation about types of loans.

    Studies show that South Africans are the world’s most avid borrowers. Over 85 percent of people borrow money each year. With all that borrowing, it’s important to understand the difference between available loans. Read below to learn more about the different types of loans. Payday Loans Payday loans range from R500 to R8,000. There are […]

  • ,

    The Pros and Cons of Borrowing Money from Friends and Family

    borrowing money from friends

    Would you ever tell anyone you know that you won the lottery? A lot of people wouldn’t! Telling everyone you’ve won a fortune can be the quickest way to lose it. In South Africa where more than 25 million people have debt, borrowing money from friends who have your best interests at heart is tempting. […]

  • ,

    Are South African Millennials In Financial Trouble?

    financial trouble

    Approximately 27 percent of the South African workforce is currently unemployed. With the economy in such a bad state, many South Africans are feeling the financial strain. And there might be even more financial trouble ahead for the country’s millennials. Young and inexperienced, millennials know little about managing their personal finances. Couple this inexperience with […]

  • ,

    5 Vital Tips for How to Get Approved for a Personal Loan

    how to get approved for a personal loan

    Are you in need of fast cash? If so, a personal loan is a perfect solution for you. Personal loans are a popular financing option in South Africa. In fact, roughly 25 million South African adults take out loans from a financial institution. For millions of South Africans, personal loans are the vehicle of choice […]

  • ,

    Credit 101: Why Get a Credit Card? Are Credit Cards Good?

    why get a credit card

    The thought of going into debt can be terrifying. You’ve heard horror stories of people claiming bankruptcy, their homes going into foreclosure, and lives that lead to devastating financial ruin. As a result, some people avoid debt and credit cards like the plague. But credit cards can be a good thing. If you’re responsible with […]

  • ,

    Four Simple Tips For Making Your First Budget

    first budget

    Sorting out your finances may be stressful at times. But unfortunately, it’s an essential part of adult life. If you’re fresh out of uni and stepping into the real world, this is may be the first time you’ve had to budget. It does mean that you have to start a budget plan. You need to […]

  • ,

    What Should You Be Making: A Glance at the Average Millennial Income

    average millennial income

    Do you fall within the average millennial income? If you’re a millennial, you already know that there’s a lot of talk about your generation – much of it negative. Millennials are accused of being entitled in spite of having debt, job-hopping in spite of the growing lack of full-time jobs, and killing industries from diamonds […]

  • ,

    5 Proven Tips for How to Pay off Debt

    how to pay off debt

    Struggling to pay off debt? Worried you’ll sink into bankruptcy? Debts have been a crippling problem on everyone’s finances, especially credit card debts that have increased. The average credit balance hangs at up to R69,750. With a problem like this, how do you face it head on? The following tips can help you learn how […]

  • ,

    Ways to Save: Understanding the 30 Day Rule

    30 day rule

    That new computer. A dress that blows you away. Your instinct is to reach for your wallet. Worse still, your credit card. But here’s a wake-up call. The consumer debt situation may look good on the surface, but probe a little deeper and you’ll find all sorts of problems. Now, we’re not here to call […]

  • ,

    Five Signs That You’re Spending Too Much Money

    spending too much money

    Warning: you could be spending too much money without realizing it. Truth be told, it can happen to anyone. We all buy things we don’t need or spend too much on food occasionally. But doing so on a regular basis can kill your finances and leave you struggling to catch up. If you’re guilty of […]

  • ,

    Savings for Life: Financial Goals for Every Decade

    financial goals

    Money doesn’t buy happiness, but it does buy opportunities. That’s why it’s so important to think about your financial goals. Whether you’re in your 20s or your 40s, you have dreams for retirement. They might include travel, relaxation, or taking up a hobby. Those dreams don’t include working to survive well into your 70s. Even […]

  • ,

    5 Crucial Facts About Interest Rates in South Africa 2018

    interest rates south africa

    Interest rates are a driving factor on the monthly payment for your personal loan. The good news is that interest rates are on the decline in South Africa. In March 2018, South Africa’s central bank cut interest rates to 6.5 percent thanks to strong economic conditions. Later in July, the bank held interest rates at […]

  • ,

    5 Tips for Safely Lending Money to Family and Friends

    lending money

    We all have that one friend or sibling that is in constant need of money. It’s annoying, sure… but it can also put a strain on the relationship. Many people have a standing rule of not lending money to friends or family. Sometimes it is more than a little difficult to say ‘no,’ especially if […]

  • ,

    Credit 101: What Are Bad Credit Loans?

    bad credit loans

    Many people who need loans don’t have the credit or lending history to get one. That’s just a fact. Luckily, there are ways for people with little or no credit to get loans, using the money to fund the things that they need to do for themselves. These are called bad credit loans, and they […]

  • ,

    Credit 101: Personal Loans for Students

    personal loans for students

    Let’s face it. College life is a lot of things, but one thing it is not is luxurious. College is a time of your life you will probably never want to forget. It is often packed with memories and recollections of good friends and good times. But, few college students are blessed with limitless funds […]

  • ,

    5 of the Best Budget Planner Apps to Help You Save

    simple budget planner

    Several South Africans struggle with huge amounts of debt and use about 76 percent of their income for repayments. This number is up 50 percent from 2003. One of the most effective ways to save money is with a simple budget planner. Keeping track of money in and out lets you see where you’re overspending […]

  • ,

    Why Is Credit Important and Why Credit Matters

    why is credit important

    We all need a little help sometimes in life. Whether we are looking to buy a house, a car, or start a business, a loan is sometimes necessary to help us reach that goal. But why is credit important? Because in order to get a loan, you must prove to the lender that you are […]

  • ,

    Is a Payday Loan Right For You?

    Are Payday Loans a Good Idea?

    If you are in urgent need of cash, there are basically 2 types of loans you can consider. One is known as a payday loan, and the other is what is known as a personal loan. However, if you are in need of same-day cash, such as a short term loan – repayable from your […]

  • ,

    5 Good Financial Habits You Really Need to Get Into

    good financial habits

    According to Debt Rescue, only 23% of South Africans have money leftover at the end of each month. Many South African citizens are in deep debt that seems impossible to pull out of. Being in debt can be unavoidable for many people. Loans are essential for people who are in tight financial situations and have […]

  • ,

    Three Common Payday Loan Situations You Could Find Yourself In

    payday loan situations

    Did you know that South African employees made an average of R13,964 in September 2017? This means you may have taken home about R167,568 in a year. Now, consider that nearly a third of your income goes towards utilities. These include housing, electricity, water, and other services, such as gas. But your expenses don’t end […]

  • , ,

    Credit 101: What Are 3 Month Payday Loans?

    3 month payday loans

    Are you looking for an instant loan? You may be thinking of taking the conventional payday loan that you’ll pay on your next payday. But this is not advisable because payday loans come with high interest rates, not to mention that they offer borrowers short payments periods. What loan option should you go for? Well, […]

  • ,

    5 Great Money Hacks to Help You Keep to Budget

    money hacks

    Are you just scraping by until your next paycheck? You may be living off ramen noodles and scraps from your pantry until then. Living paycheck to paycheck can be stressful, but it doesn’t have to be that way. The first step in controlling your finances is to create a budget and spending plan. You can […]

  • ,

    4 Creative Ways to Pay off Debt

    pay off debt

    Are you struggling to pay off debt? If so, you’re not alone. In 2014, South Africans ranked as the biggest borrowers in the world. The good news is that, as a whole, things are slowly looking up for South Africans in terms of getting debt under control. Still, the vast majority are still struggling with […]