Shrinkflation, an unpopular term among consumers, is the process of items shrinking in size or quantity while their prices remain the same. Manufacturers engage in this practice to make money. Angelique Ruzicka has some tips on how to beat them at their own game Manufacturers often want to increase
Consumers who decide to reduce their savings by even R100 or R200 per month to buffer against the impact of the 1 percentage point VAT increase, are effectively robbing themselves of the benefit of compounded growth. Compound interest is essentially the addition of interest
There’s a saying that goes: “A fool and his money are soon parted.” While you may not lose all your money by making these financial mistakes, you could certainly lose some of it and even incur penalties and fines. Here’s a list of the silly things people do to lose money and solutions to avoid
A money market account is essentially a short-term investment account which is held with your bank. One gets various formats of a money market account, such as a 7-day or 32-day account. This type of account is an ideal “parking bay” if you will be using the money in the next year or two.
Question: I am 58 years old and have seven years before retirement. Is it too late to buy a retirement annuity? Tax-free savings account You can invest R33 000 per year in a tax-free savings account and still get the tax-free benefits of this type of investment. However, you don’t have to invest every year. […]
Your joint mortgage may form part of your partner’s debt review without your consent. If you are married in community of property and your spouse is placed under debt review, so will you be because you share a joint estate that includes all debt. However, what if you are married out of community of property,
Knowing whether you have saved enough for retirement is one of the primary causes of financial anxiety for pre-retirement investors, according to Duggan Matthews of income specialist company Marriott. “The current investment environment, characterised by economic uncertainty,
In tough economic times, most South Africans are looking to reign in their spending and cut back on unnecessary costs as far as possible. An overlooked area of reigning in spending is to revisit the hidden costs associated with your personal loan. Most people assume that these monthly repayments