Writer DS

South Africa is celebrating National Savings Month this July. But this is also the time of year a lot of us are struggling to keep ahead with payments. The average South African is paying almost all their income on debt repayments and we’re on a mission to educate individuals to become better off financially. What

In an article published on a well-known online publication this week, statistics from a survey done by the World Bank shows that South Africans were the biggest borrowers in 2014 worldwide. This is extremely disconcerting. In our survey done earlier this year, statistics show that 51% of participants weren’t able to meet their minimum debt

As a parent, you recognise that money will play a fundamental role in your kids’ life. Having proper personal financial skills will enable them to navigate through life as financially successful individuals – something everyone wants for their child. Raising money-savvy kids creates a generation that will be attentive savers, spenders, investors, and givers. Kicking

A recent survey by Student Village revealed that South Africa’s students may be driving themselves into debt while at university. The survey, which features insight from over 3000 students from universities across the country, found that the top purchases eating into student budgets include indulgences such as alcohol, clothing, jewellery, takeaways, and music. An alarming

Keeping warm during the icy months from April till July can become expensive. We’ve grown accustomed to relying on appliances to keep us pleasantly warm 24-7. With winter here and temperatures getting lower we are reminded of the ‘cold realities’ of the current cost of power. Not to mention load shedding. However, there are practical

Receiving a portion or all of your inheritance, whether as a reward or due to the passing of a family member, often puts individuals in a better financial position. However, this injection of cash into one’s bank account can easily go to waste. If it’s not used wisely you could very well end up with

A little under a decade ago, acquiring cash or purchasing goods or services was a lot more difficult than it is today. Moving from cash, cheques and credit cards to non-physical methods of payment. One thing all these new developments have in common is that they have made spending money much easier. Here is what

The recent amendments in the National Credit Act (NCA) will make it more difficult for consumers to turn to unsecured lenders when short on cash. With stricter structures for affordability assessments by lenders put in place, it has never been more important for South Africans to maintain a good credit standing. Yet, a worrying amount

The latest amendments to the National Credit Act, gazetted on Friday 13 March, carry far-reaching implications for both consumers and unsecured credit providers. These amendments were made in response to the exorbitant growth of over-indebtedness among South Africa’s consumers. Currently standing at an incredible R1.57 trillion. These amendments have taken us one step closer to

The rate of divorce continues to increase in South Africa, as seen by the massive increase of 28% in divorces reported by the Justice Department in their 2012-13 annual report. As a result, many South Africans are finding themselves in the strenuous position of not only ending a relationship but also managing the many financial