Understanding your credit score is essential in today’s financial landscape, especially in South Africa. Your credit score plays a crucial role in determining your eligibility for credit and the terms you’ll receive. In today’s financial landscape, your credit score holds significant sway over your ability to secure loans, mortgages, and […]
Drowning in debt? You’re not alone. Many of South Africans are battling to meet their financial commitments. If your monthly repayments on your house, car, credit cards and other accounts have risen so high that you’re facing blacklisting, one option is to go into debt counselling or debt review. The […]
When you’re under debt review, making manual repayments every month can slide through the cracks easily. This is why the Debicheck option is a great way to make sure your repayments are always on time and up to date. If you’re not sure how to use Debicheck as a South […]
Having your name removed from debt review could be a complicated process and require you to adhere to strict guidelines. We’ve broken down the process to help you to exit successfully. If you previously found yourself under debt review, but have had a change of heart or your financial circumstances have improved, you […]
Money management is a lifelong journey, but it looks different depending on your age. This is why money management tips are always welcome. No matter whether you are a Baby Boomer about to enter retirement, an overwhelmed Gen Xer trying to balance family and job responsibilities, a striving Millennial, or […]
South Africa’s economic journey in 2024 has been a challenging one. It has been marked by persistent load shedding, global economic uncertainty, and financial pressures on households. Despite these difficulties, the country’s resilience shone through. Now, we’ve learned that it grew better in the second quarter of 2024 and may […]
The South African Revenue Service (SARS) has introduced significant changes to the taxation of retirement fund contributions for the 2024 tax season, effective March 2024. These amendments bring about new rules on taxing contributions, particularly for individuals with assessment periods shorter than 12 months. Read: Your Guide To Tax Season […]
Debt accumulation is a fundamental part of the financial world, however, getting yourself into debt you can’t handle is not. There are ways you can combat your debt through the very thing rumoured to cause it – yip, your credit card. Most people overwhelmingly choose ineffective strategies for paying off […]
The road to financial independence can seem dark and dangerous, but it’s easy enough to light the way with these simple tips for managing your money and destroying your debt. 1. Track Your Spending Right now, given the state of the economy it is more important than ever to keep […]
Prescribed debt is an interesting scenario that people who utilise credit across South Africa should know more about. It’s not common, but if caught off guard, you could be responsible for a debt you don’t need to pay. Read: 10 Warning signs that you have a debt problem What is prescribed […]
Debt review, a crucial financial relief mechanism in South Africa, has been a subject of debate. While some argue that consumers often enter debt counselling prematurely, it’s important to acknowledge the significant benefits it can bring to those truly in financial distress. Understanding when debt review is the right choice […]
Buying a home is a significant milestone, and for many single women, it’s a testament to their independence and financial stability. While the journey may seem daunting, especially in a competitive market, being well-prepared can make the process smoother. This guide will help you navigate the home-buying process, from starting […]
In a climate marked by economic uncertainty, the South African Reserve Bank (SARB) recently announced its decision to maintain the interest rates unchanged at 8.25%, with the prime lending rate remaining at 11.75%. This decision marks the Monetary Policy Committee’s (MPC) seventh consecutive meeting, where rates have been held steady, […]
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