Tag: money management

So you’ve come up with a killer business idea and you’re ready to turn it into a side hustle or startup. What now? What do you need to do to bring it to life? Whether you’re looking to earn some extra money on the side or dreaming of starting "The Next Big Thing", Side Hustles and Startups is packed with the information you need to take this big step into your bright future.

South Africa’s tough economic conditions have left many consumers struggling to build emergency cash savings. According to our data, more than half (52%) of entry level private banking clients have less than one month of their salary saved in immediately accessible cash savings available, to use in the event of unforeseen circumstances such as retrenchments or urgent medical procedures.

Between work, family, and personal commitments, carving out moments for ourselves feels like a constant battle. One area that often gets squeezed? Managing our finances. This challenge is interlinked to our most valuable commodity: time. People simply do not have enough time.

An oftentimes overlooked subject when it comes to effective parenting, empowering children with financial literacy from a young age is one of the greatest gifts parents can give to their children. As the world becomes increasingly complex, teaching your little ones about sound financial management isn’t just about educating them about what Rands and cents are or, how money works; it’s about equipping them with the skills and knowledge to navigate a financially savvy future.

With the increased cost of living, managing your money in your retirement years can be a challenging exercise for many. Running out of money during one’s retirement years is a prime concern for many retirees.  Although people have reasons to be concerned with the rise of economic pressures and the cost of living, consumers can lessen the risk of running out of money in retirement with proper financial planning and sound money management tools. 

Conversations around black tax – the obligation placed on those who achieve a degree of financial success to provide for their extended families and communities – need to be centred around families rather than individuals. Frank conversations that involve clearly communicated boundaries are imperative to dealing with the emotional aspects of money management.

With the mounting cost of monthly expenses such as rent, transport, food, and electricity, financial stress has become a growing concern for South Africans who are trudging through these tough economic times.

South Africa commemorates Youth Day on 16 June 2023. With this in mind, we thought it prudent to tackle the importance of establishing good financial habits from an early age. The Oxford Dictionary defines the word habit as “a settled or regular tendency or practice, especially one that is hard to give up”.

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.

Financial stress. Lower productivity. Poorer profitability. It’s a slippery slope that South African employers have to manage. The inaugural 2022 State of Employee Wellbeing Barometer says the impact of financial stress on business profitability is a slippery slope that South African employers have to manage.