Tag: MoneyManagement

Election season is upon us, and South Africans will soon head to the polls to decide who gets their vote. Between campaign posters and passionate debates around the braai, there is plenty to consider before ticking that box. However, another decision deserves just as much consideration, even if it does not come with a ballot paper: who do you trust to help you manage your money?

For many young South Africans, a financial windfall, whether through an inheritance, a family gift, or prize winnings, can fast-track major financial goals and responsibilities. However, without a clear plan, a sudden windfall can easily become a missed opportunity to build long-lasting wealth.

Money with Carla challenges many assumptions South Africans hold about building wealth. Carla Venter draws on her experience in finance, investing and international markets. She combines professional knowledge with practical lessons from her own journey towards financial independence.

For millions of women, managing money means more than paying the bills. It means doing the invisible work of keeping a household on track. Often, they do this at the expense of their own financial future. You’re halfway through the workday when you remember the school fees are due. While doing a quick grocery run on the way home, you do rapid mental sums. You need to make sure the food budget will last until payday if you treat the family to take-out tonight.

We expect young women to make major money decisions from their first salary, yet many are never taught how. Building financial confidence has to start long before the first payslip arrives. After a month of grafting – and what seems like a lifetime of waiting – your first salary finally hits your bank account. Of course, everyone from your bestie to your gogo has an opinion on what you should do.

Ask most South Africans what a "clipper" is, and they'll tell you it's a R100 note. The nickname dates back decades, when R100 was often made up of ten R10 notes held together with a paper clip. Today, the R100 note carries another symbol that deserves just as much attention: the Cape buffalo. The buffalo offers a surprisingly powerful lesson about saving and the power of compound interest.

Before your South African Revenue Service (SARS) refund disappears into a holiday or shopping spree, consider how that lump sum could change your financial future. Who doesn't love that little ping telling you SARS has just paid your tax refund into your account? Suddenly, Mauritius is calling, and you can already hear the clinking of ice in your cocktail.

South African professionals facing sudden career transitions, such as resignation or retrenchment, find themselves at a critical financial crossroads. The first 90 days after resignation or retrenchment can determine their long-term financial security. Although this period represents a high-risk financial window, it can also create valuable opportunities for recalibration and growth.

We live in a world of information overload, and it can be challenging to know what is real and what is not. When it comes to money, social media is littered with "finfluencers" who present information and share "secrets" about managing and growing money. Some of it is real, while much of it is fake. As a result, it can be very difficult to know the difference.

Preparing your children for wealth starts long before an actual inheritance. You need to prepare them to manage it with responsibility and perspective. As financial advisers, we spend a great deal of time helping people build and preserve wealth. I have worked with numerous clients who have spent decades building businesses from scratch and managing investment portfolios.