Kan hy van iemand wat by hom geld leen vereis om ‘n polis aan hom te sedeer weens die risiko wat hy loop, vra ‘n leser. Ter wille van die breër lesersgroep kyk ek sommer ‘n bietjie wyer na die onderwerp.
The current cost of putting a single child through SA’s private education system from crèche through to the end of their tertiary education is around R2.2m, financial services group Discovery revealed in a recent White paper titled Extending Shared Value to Education.
Drawing on internal data, Discovery indicates that around R5 722 must be saved monthly to fund education for one child from primary school level, while families need to save on average R750 per month from birth simply to fund one child’s tertiary education fees. These figures are based on schooling fees increasing at 10% a year.
As times get tougher and markets fail to deliver significant returns, there has been a sharp increase in investment scams. Unfortunately, it is usually the people who can least afford to lose money who fall prey to ruthless scammers.
The types of scam range from “passive income” business opportunities and automated forex trading portfolios to Bitcoin-related opportunities. While the “business” behind the scams may be different, they all tend to share certain attributes.
Ask the 12,806,000 South Africans who are currently jobless! GREENLIGHT Retrenchment Benefit provides you with peace of mind. You can still have an income and financial security when you are temporarily unable to earn an income because of retrenchment. * Source: (February 2012 the Bureau of Labor Statistics) The need -Companies can fold at any time. -Retrenchment packages are not guaranteed. -It could take anything from a month to 2 years, or even longer, for new employment to be found. -Who takes care of you and all your day-to-day needs? -How do you avoid compromising your retirement savings?
Your home loan is usually the cheapest form of debt and, financially, it could make sense for you to use this relatively inexpensive credit line to pay off other debts, such as car finance or even short-term debt like a credit card – but is this a good idea?
What’s keeping these clients awake at night is not whether they have enough money for retirement, but whether their children are equipped to manage their own money effectively. It is an unfortunate reality that because many millennials have grown up in privileged environments, they don’t know how to manage money.