A recent trip to a hospital emergency unit cost me nearly R2,000 more in blood tests because no-one told me I could pay cash and claim from my medical aid. The pathologist claims they provide a cash option but the hospital staff deny it’s their responsibility to inform patients. They say patients need to inquire…
6 Kid’s Gifts that Keep on Giving
With the festive season around the corner, you may already have started shopping for gifts. There are so many toys and other trinkets we can give our kids; some last a few days or weeks before they break, and others are discarded in favour of something new.
Why not include some gifts that will be treasured long after the festive season has ended, or maybe even a gift that teaches a valuable life lesson?
When life cover starts costing an arm and a leg.
Finding out that your life cover (or other risk product) premium has become unaffordable could leave you despairing, particularly if you really need the cover.
It’s not an uncommon scenario – a premium that increases with age coupled to annual benefit increases means your premium could easily double in 10 years and triple in 15 years. It’s impossible for salaries to keep pace, so your premium consumes a larger percentage of your budget each year until you reach breaking point.
An increase in your earnings could kickstart your savings
With the ever-increasing cost of living, saving or investing may be more of a bucket list item than an essential part of your monthly budget. Any salary increase is quickly absorbed by rising costs, but you should not ignore the importance of having a savings or investment plan.
Saving needs to be a priority for the things you want to acquire in the short-term and investing needs to be prioritized for long-term goals and for your future.
5 Ways to Make Extra Money
Life is pretty expensive and with the end of the year looming, we could all do with a bit of extra cash. There are so many ideas out there, but if you’re tired of reading ideas like “write a book and earn royalties” or “start a drop-shipping business” then here’s some ideas that really work:
What You Learnt About Money From Your Parents
We are all shaped by our upbringing, whether we like to admit it or not. Many of our beliefs and behavior’s are rooted in childhood and this is very true when it comes to money. Reflecting on this is a good reminder that we are passing the baton forward – we are raising the next generation and playing a huge role in how they will manage their money one day. I vividly recall some very clear experiences and lessons around money that laid the foundation for me in adult life
7 Things Rich People Don’t Waste Money On.
Oh what a joy it would be to be rich – to have enough money to buy anything we want! But building wealth doesn’t happen overnight – it takes time, and also has a lot to do with the decisions we make. After all, there are only three things we can do with our money – spend it, save it or give it away.
Life Insurance
Life cover is generally a grudge purchase. Because you don’t get the benefit of paying for it – others will when you pass away – someone needs to convince…
Keeping a good credit score
Most of us need to incur debt at some point in our lives – it may be for a big purchase such as buying property or a car, or for something smaller such as a credit or store card. Keeping a good credit score works in your favour – manage it well, and it will reward you! Manage it poorly and you’ll pay the price.
Don’t Be The Family ATM
Life is expensive, and with job cuts and rising interest rates, you may find family members coming to you when the run short of cash. It may be a few hundred rand here and there to last them till payday or more serious requests like having to buy groceries or pay medical costs.
However small the amount, any money you’re spending on someone else is money you’re not able to use yourself. And who has spare cash to throw around these days?
Here are 5 tips to help you not be the family ATM…