Make 2021 your best financial year yet

Life gives us a second chance every 365 days. A chance to do better and to be better. After a year like 2020, we desperately need to turn over a new leaf. But what will you do with the new opportunities 2021 holds? Will you start anew or keep on locking horns with your wallet?… Read more →

Structuring your financial accounts

Within 30 seconds, could you tell someone where your money is and how much you have in each of your accounts? Often we have too many accounts, duplicate accounts attracting double the bank charges or a lot of money in non-interest bearing accounts. Setting up a financial structure which is simple and easy to follow… Read more →

Healthy eating on a budget

Healthy eating is often associated with spending more money. It’s true that eating healthily can be expensive, however, there are many ways to eat nutritious foods that your body – and wallet – will thank you for. These 4 tips will help you stay on track with your health goals and your budget. Plan your meals… Read more →

Start saving for retirement in your 20s

One of the biggest questions about retirement is when to start saving. Even though you might be in your early 20s and retirement may seem a long way off, it’s vital to start sooner rather than later.

Keep this in mind when shopping this Black Friday 🛍

With the financial consequences of the pandemic still looming for most, it’s important to keep these tips in mind when going Black Friday shopping.

Tax benefits to consider before the end of February 2021

If you’re paid a salary each month, it may feel like receiving income and paying tax are automated tasks. Any monthly tax deductions as well as contributions to company benefit plans might seem like values you don’t have any control over. However, you most likely have a rough idea of your income and expenses, which… Read more →

What the US elections mean for South Africa 🗳️

All eyes are on Biden to kick-start US economic recovery and to strengthen relationships with developing countries like South Africa, as well as with other developed nations. While we wait in anticipation for the newly elected president to take the stage, let’s hold onto the future prospects of the Biden blue wave.

Investments: How to get the most bang for your buck

Being a successful investor over the long term is actually fairly simple, anyone can do it! The key is to do as little as possible – which doesn’t actually sound like good advice, but hear us out.  Fidelity, a large asset manager in the US, has done a study to find out which accounts had… Read more →

What’s the deal with the Medium-Term Budget Policy Statement?

2-3 min read (or getting dressed for your morning run) Finance Minister, Tito Mboweni finally gave the budget speech after it was postponed by a week. “We must rebuild our economy, rehabilitate our public finances and recover from the devastation wrought upon us by COVID-19”, he proclaimed. The Medium-Term Budget Policy Statement (MTBPS) was made on 28… Read more →

Do you know why you want to be financially free?

Financial freedom has become a buzzword made popular by Youtubers, writers and bloggers. Many of us have the goal to be financially free, but far fewer actually attain that goal. One of the reasons for this is that we say we want to be financially free, but have no idea what that actually means, or… Read more →

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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 →

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Good Debt vs Bad Debt

Have you heard of a friend or family member boasting about the amount of debt that they have? You probably think that they’ve lost it and immediately lecture them on the dangers of debt. After all, it’s the first thing that pops up in most of our minds. Debt has received a lot of negative… Read more →

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(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 →

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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 →

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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 →

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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 →

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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 →

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Avoiding Common Money Mistakes ❌

Self-help financial books often focus on selling the feeling of financial success, but the feeling of financial success doesn’t necessarily mean that you’ve actually achieved financial success. You might want to live comfortably, own a yacht and a sports car, or you might want to be the richest person in the world. At the end… Read more →

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Retirement: Not Just a Number

We go to school until matric, some carry on studying further until their mid-twenties, work or start our own businesses afterwards and retire somewhere between 60 and 65 years old. Although life isn’t as bland or simple as this, eventually, everyone retires.  Retirement can be an exciting and happy stage of one’s life. However, it’s… Read more →