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7 Tips to Help You Get Out of Debt

SavingMatters - Finance By April 15, 2016 No Comments

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By Mooi Gogo

Getting out of debt is the most decisive step you can make towards financial stability. In a typical year, the average consumer spends thousands of rands on debt from credit cards, car loans and mortgage payments.

Given that many credit cards have a 15 – 25 percent interest rate, consumers are wasting thousands of rands in interest each year.

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If it quacks like a duck, it’s a pyramid scheme!

SavingMatters - Finance By April 8, 2016 Tags: , , , , , , , No Comments
Image: pyramidschemeale.org

Image: pyramidschemeale.org

 

By Manelisi Makasi

South African investors have benefited from an era (+15 years) of extra ordinary returns from the local stock market. The general sentiment from fund managers has been to caution against expecting the same levels of returns with some articulating that we can expect an era of low returns going forward.

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How can your teen learn good spending habits? Start with an allowance.

SavingMatters - Finance By April 8, 2016 No Comments

When teens are given control of money used for personal expenses, they learn the value of a dollar, and begin to understand financial responsibility. But for teens not yet old enough to get a part-time job, it can be tricky to figure out how much to give as an allowance.
It’s important to show teens how to stick to a budget and have a handle on their expenses. But it’s also a good idea to see that they have some money that isn’t earmarked for anything specific, so they learn how to make smart choices on their own.

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Are Stokvels still relevant?

SavingMatters - Finance By April 1, 2016 Tags: , , , , No Comments

 

Image: googleapis.com

Image: googleapis.com

By Qiniso Ntuli

Stokvels are said to make up a multi-billion rand industry in South Africa. Stokvels are a form of collective saving where the participants contribute on a monthly basis for one purpose or another.

Let us take a look at some of the different types of stokvels that exist. A stokvel can be rotational or cumulative. In a rotational stokvel, the contributions are paid to a member on a rotational basis, normally monthly. For example, where there are 12 members, each member gets their lump sum on a certain month. This type of stokvel is one we find rather pointless but we shall elaborate further later.

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Are you on track to meet your goals?

SavingMatters - Finance By March 24, 2016 No Comments
Image: dumblittleman.com

                                   Image: dumblittleman.com

 

By Qiniso Ntuli

It is three months into the new year and you are either still going strong in terms of your new year’s resolutions or you have discarded the new goals after a brief stint. One of the most common resolutions is attaining financial independence.

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Pros and Cons of offshore investing

SavingMatters - Finance By March 11, 2016 Tags: , , , , No Comments

 

Gold Coins and plant isolated on white background

Image: Gold Coins and plant isolated on white background

 

By Qiniso Ntuli

Investors often ask the question, which is riskier, investing offshore or in one’s local stock market? In theory, investing offshore, say in a Global Equity Fund should be less risky when not taking currencies fluctuations into account. That is, the opportunity sets available in a Global Fund are far more than those that would be typically available in a local fund.

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Africa And The Effects Of The Falling Oil Price

SavingMatters - Finance By February 5, 2016 Tags: , , , , , No Comments
working oil pumps silhouette against sun

Image: Tullow-Oil

By Qiniso Ntuli

Low oil prices will persist for longer than previously expected, according to most global asset managers, and the most reduced crude oil forecasts for this year are down by as much as 51 percent. US Investment Bank, Morgan Stanley, now sees oil mostly falling through 2016, compared with a previous outlook for prices to rise each quarter this year.

Venezuela said five other members of the Organization of Petroleum Exporting Countries would join non-OPEC producers, Russia and Oman, should an extraordinary meeting be called. There are growing calls for producers around to world to act to stem the decline in oil prices, which plunged to the lowest level in more than a decade last month.

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