Posts categorised by Life & money
4 ways to eliminate expensive rubbish
The next time you take the rubbish bag out, imagine that it is filled with money. The money spent on the rubbish that’s now in it. A glimpse into someone’s rubbish bag of money would give a good indication of the person’s eating habits. Maybe you’ll see four chocolate wrappers from the shelf just before… Read more →
Money doesn’t talk
Money is right up there with politics and religion being one of the no-go topics. Studies have shown that 51% of people don’t speak at all about money with their friends OR family. However, speaking about money is a factor in being financially healthy and meeting financial goals. With women and minority groups throughout history… Read more →
(Financial) Knowledge is Power 📚
Financial literacy isn’t as complex as most people set it out to be. It’s the ability to understand and apply financial skills including those related to saving, investing and budgeting. It’s a skill that everyone has the ability to master but one that many seem to overlook the most. In South Africa, we have a… Read more →
Part 2: Visualised: Pre-lockdown vs post-lockdown expenditure
Last week, we looked at how spending on Entertainment by 22seveners changed after the lockdown started. We also highlighted the top 10 spending categories before and after lockdown and identified who the big movers were. If you missed out, you can find the post here. This week, we’ll be focusing on the levels of spending… Read more →
Visualised: Pre-lockdown vs post-lockdown expenditure
Would you have believed it if someone told you that we would be where we are now at the beginning of the year? The coronavirus pandemic has certainly caused not only a health pandemic but an economic and social pandemic has resulted too. Our data and design teams have worked hard to bring together what… Read more →
How the Repo Rate Cut Affects You 📉
The SARB has announced yet another reduction in the repo rate from 3,75% to 3,5% last week. This 25 basis point* reduction will have an impact on all South Africans, so we’ll break this down into how this affects you as a consumer, investor and saver below. The repo rate is the interest rate as which the… Read more →
Do-It-Yourself Investing
Investing your own money is important if you want to build your wealth. Investing enables you to generate future returns which can help you save for retirement or meet long-term goals. Of course, you have the potential to lose your money in investments but if you invest wisely, the potential to gain money is higher… Read more →
Buying A Home Right Now 🏠
While many industries are starting to show signs of the effects caused by the coronavirus pandemic, there are some instances where consumers can take advantage of the situation – one of those is the housing market in South Africa. The supply in the housing market had already exceeded demand before the pandemic. The strong buyers’ market… Read more →
Landing your dream job
Our careers and making money are interwoven. Before we can think of saving, spending and investing, we need to make money. Passive income is great but to have a large enough source of passive income, we often need to have an active job. Finding a job is difficult and, sadly, the increase in unemployment has… Read more →
Starting from Zero 📝
Last week, Finance Minister Tito Mboweni delivered an emergency budget which comes as a result of the economic impact caused by the Covid-19 pandemic. Some of the highlights which came from the speech include: our economy being on course to experience its biggest contraction in 90 years, tax revenue collection being behind target by R35 billion and… Read more →