There is a lot of software available in the international market that we do not have access to. Today I want to highlight some of the excellent finance apps we do have in South Africa to help us manage our personal finances. Most of these applications are free, so test them out for yourself and …
On Sunday 10X released their second annual retirement report. I was fortunate enough to spend Monday morning with Steven Nathan and his team discussing some of the shocking stats that Brand Atlas gathered. The two things that stood out for me was the big discrepancy between the savings patterns of men and woman and the …
I made the move from Investec to Capitec in March of this year and this saved me a significant amount of money. You can read more about that in my March finance update. Before making the switch I did a lot of research to find the cheapest bank account because moving banks is a crapload …
When we invest in different asset classes, each is taxed differently. Depending on where your money is invested when you retire, your effective tax rate will differ. This got me wondering, how badly can you fuck this up? Will you, by investing in the wrong asset classes, keep yourself from living the good life? About …
I listened to a podcast which stated that 55% of lotto winners are worse off than they started, within 3 years of winning the lotto. This got me thinking about how I would blow the winnings. Let’s ignore the fact that I have never played the lotto and assume that I found the winning lotto …
The key to financial independence is adopting good habits and applying them consistently. I don’t want to sound like a Prudential advertisement, so bear with me. The problem is we don’t always know which habits we should keep and which to kick to the curb. Here are some of the financial habits that I have …
I recently found an article that categorises you based on your income. According to this, I form part of the middle-class. I decided to investigate what the middle class South African’s household budget looks like. Then to compare my budget over the last 3 months to each item. This will help me identify areas where …
When you don’t need to submit your tax return With the deadline for income tax submissions approaching fast, everyone is scrambling to submit their tax returns. Not everyone is required to file their tax return, but today I want to convince you to do it anyway. According to the South African Revenue Service (SARS), you …
My savings rate We all make money from different sources. Most of us are simply earning a salary. A few of us have our own companies from which we also draw a salary. The lucky few, even have their own companies that earn money without their presence. That’s the dream. Irrespective of where your money …
The cellphone cost cycle Every second year, like clockwork, we renew our phone contracts. We go in with a preconceived idea of which phone we want and just renew the contract. Never do we compare phones, we simply buy the latest phone from the brand we love. Two minutes later, we have our brand-new cell …
