Life cover. It’s tempting to write it off with an eye-roll emoji, but the truth is that it should be part of your financial plan. Most of us don’t like thinking about death, let alone planning for it, and paying each month towards covering expenses in the event of your death…well, that just seems ridiculous!

But it’s not ridiculous, especially if you have dependents like a spouse and children. If you suddenly pass away, who will keep putting food on the table? Who will pay the balance of your home loan? Yup, your life cover will. It will help your…

Do you know how your grocery store loyalty card works, how you can benefit from it, and which ones can save you the most? Let’s investigate!

Pick n Pay Smart Shopper

The basics: When you swipe your Smart Shopper card, you earn one point for every R2 spent. You’re also able to link all Smart Shopper cards in your household and earn more points collectively.

The benefits: You can convert your points into rands and help pay for your next shop. (Tip: Check your points balance at the bottom of your till slip.) If you provide your contact details…

Many companies have adopted more pandemic-friendly work policies, including allowing employees to work from home. If it’s unlikely you’ll have to report to an office every day in the future, you might want to reconsider owning a car.

First, ask yourself whether you’d have access to another car if you were to sell your own? If not, are you comfortable using services like Uber, Bolt, inDriver or public transport? If you are, the next step is to think about how much your wheels are costing you.

The cost of your car

Owning a car isn’t cheap. It costs money even…

If you have a pension or provident fund administered by your employer, you’ve automatically been putting money away towards your retirement each month. But what happens when you leave that job because you’re moving to a different employer, you’re starting your own venture or you’ve been retrenched? Leaving your job affects your retirement savings, so it’s important to understand all the options available to make an informed decision about what to do with your money.

You basically have four options when you leave your employer: you can transfer your savings into a preservation fund; into a retirement annuity (RA); into…

Your credit score is a number that helps lenders like banks and other financial institutions decide how likely you are to repay a loan.

Having a good credit score means that a bank thinks you have a high probability of repaying a loan, so there’s a greater chance they will offer you products like a home loan or car finance. You’ll also get a better interest rate on the loan you receive.

Having a bad credit score, however, means that financial institutions are less likely to offer you loan products, and if they do, the interest rate will be much…

Mobile data is pricey! We South Africans pay up to six times more than users in other emerging markets. The Competition Commission was unhappy with the state of affairs and released a report in 2019 instructing the big players like Vodacom and MTN to cut their prices.

They did, but not by much. And data plans are still so complicated and it’s almost impossible to compare like-for-like. Here are some examples of special bundles, unique to each particular service provider:

Why do you work? Hopefully, because you enjoy what you’re doing! And also, because working earns you a predictable monthly income, which allows you to plan for the future. Your hopes and dreams all depend on the assumption that you’ll continue to earn an income until you retire.

But what happens if you’re suddenly unable to work, either because of a dread disease, accident or injury? Without an income for a few months (or maybe even years) it will be a real challenge to meet your bond repayments, pay school fees and cover your other monthly expenses.

What is income…

Every now and then you may run into some trouble when linking or updating your accounts in 22seven. We try our best to keep the engine purring, but the 22seven machine has lots of moving parts, so when this happens it’s important to know what’s gone wrong and how to fix it.

If one of your accounts isn’t playing ball, here’s what to do:

Check the error message

There are quite a few reasons why your account might not be updating. These range from incorrect login details to data processing errors or website changes made by your bank or service…

If you’re saving for a wedding, a down payment on a car or the December holidays, you might have considered stashing your cash under your mattress or simply keeping it in your primary banking account until you need it.

But before you start hiding R100 notes in a shoebox, consider using a savings account or a money market fund to save towards your short-term goals. Here’s the difference between the two.

Savings account

A savings account allows you to deposit money and earn interest on it. The interest rate on a typical savings account might be lower than the returns…

To celebrate Savings Month, we’ve been talking about ways you can save this July. Today, we’re looking at tax-free savings accounts (TFSAs for short). They were introduced in South Africa in 2015 and offer a tax incentive to encourage people to save. Saving is obviously critically important and something we could all definitely improve on here in SA. The more you have saved, the less you’ll rely on debt if you lose your job or if you’re faced with a large, unexpected expense.

So, what’s this tax incentive then? Well, when you invest in a ‘normal’ investment, you pay tax…


Thoughts, observations and insights. About money, life and 22seven. Visit

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store