DebtSafe Blog

Raising Money Savvy Kids

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

SA Students Get Low Marks on Budgeting

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

Winter Wealth: Tips to Warm up and Save up on Your Electricity Bill

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

Making Your Inheritance Work for You

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

Online Spending: What You Need to Know

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

South Africans Unaware of the State of Their Credit Profiles

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

The Latest Amendments to the National Credit Act

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 Cost of Getting a Divorce

The Cost of Getting a Divorce

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

The Free DebtSafe Budget Template

The Free DebtSafe Budget Template

46% of people who completed our survey stated that they do not have a financial plan or budget for 2015. Being uncertain of what a budget is, and how to set one up, is a common stumbling block when it comes to your financial planning, and ultimately your financial freedom. That’s why we are happy

Safeguarding Your Stokvel

Safeguarding Your Stokvel

Stokvels – which date as far back as the 1800’s – are by no means a new concept in the arena of financial saving techniques. However, this seemingly unusual yet highly effective practice has recently seen a rapidly growing interest among South Africans. With its popularity largely accredited to mass disillusionment with the current state