It is a known fact that many South Africans have been under financial pressure over the last couple of years. Just how much pressure we are talking about might surprise you, as recent research undertaken by Momentum and Unisa found that 73.5% of South African households were financially unwell in 2017. The decline in household wealth can be attributed to …
Reach your financial goals by training your brain
Here are a few ‘tricks’ you can use to reprogramme your brain to help you manage your finances responsibly and reach your personal financial goals: Use personal milestones as motivation to save: Use a big birthday such as turning 30, 40, 50, 60 or 65 as a personal deadline by which you want to reach certain goals. This can include …
Latest statistics reveal how Millennials manage their finances
Find out how this generation spend their money and how organisations can assist them on their journey towards holistic financial wellness. According to a recent survey done by Old Mutual to better understand the financial behaviour of employed millennials, 24% of millennials are currently invested in a unit trust – versus only 2% among older generations. The survey found that …
The financial industry has to become more inclusive of the female market
Over the last 30 years, there have been significant changes in the role of women; both socially and financially. Traditionally, men tended to be the household breadwinners however, according to recent Statistics SA data, 41.3% of South African households are now headed by women. In addition, women accounted for 43.8% of total employment in the second quarter of 2018 with …
Save on your vehicle expenses by improving your driving habits
Remember how much time and effort you spent on finding the right vehicle? Not to mention your monthly cost on your vehicle finance repayment. In addition, you also have your monthly vehicle insurance premium and other expenses such as fuel. Despite all these costs, there are however ways to save and minimise the general wear and tear on your vehicle: …
3 Money secrets only rich people know
The very wealthy are no different from you or me, they just know the secrets to growing their pot of gold. Follow these healthy money habits to a wealthier life: You don’t need money to make money: It’s a myth that you need lots of cash to begin with. When it comes to investing, even small amounts of money put …