Tag: financial decision

The growing trend of stokvels and the seasonal withdrawals during the festive season requires members to be vigilant and careful. Often, stokvels are formed at the start of the year to enable spending in December. As a result, we observe most withdrawals during this period.

Imagine you’re on a highway with guardrails providing a safety barrier that keeps you from going off course. These guardrails guide you safely to your destination. However, when you reach retirement, the guardrails come off, leaving you uncertain. Which direction should you take to ensure the rest of your journey is safe?

Our financial decisions are consequential, it makes sense to have a trusted expert in our corner. However, it’s important to understand how your financial advisor earns their money and ensure their incentives are aligned with yours. Having a discussion around fees can ensure they are actually working for you, and not just selling financial products.

Despite getting a bad rap in the past, millennials – defined as those born between 1981 – 1986 – are now all grown up. And, for an age group that was once unfairly dubbed the most narcissistic generation of all time, they’re actually pretty good parents.

Purchasing a home is one of the most significant financial decisions most people make in their lifetime. This requires careful consideration and planning, especially in today's economic climate, where interest rates are skyrocketing, and income is not set in stone.

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money-investing, personal finance, and business decisions is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet.

You might have heard of the ‘love languages’, referring to the different ways that people show – and in turn – want to experience love. Want sweet-somethings whispered in your ear? Words of affirmation are your love language.

Despite some changes in recent years, women still have a tendency to leave financial affairs to their husbands. Often, women are far removed from the detail and this could be an obstacle when they need to make financial decisions they have little experience or knowledge of. Divorce or the death of a spouse can turn the best laid financial plans upside down.