What’s the number-one investment hack? It’s simple: time. Albert Einstein once described compound interest as ‘the eighth wonder of the world’. Essentially, it’s interest that you earn on interest — your money grows exponentially the longer you leave it invested. Here’s an example to show how compound interest works… The…

It’s that dreaded S-word again… Saving. We all know we have to do it, but so often it just doesn’t happen. It’s as if there are too many surprises in life that need to be taken care of. …

When it comes to personal finance, you don’t need to know everything, but there are some important questions that you should be able to answer if you want to stay on top of your spending and guarantee your future financial freedom. Can you answer all of these? 1. What are…

In March this year, the annual inflation rate in South Africa rose to 5,9%. What is the inflation rate? It’s basically a measure of how much more expensive things are getting. For example, if a quick trip to the corner store last year cost R100, that same shopping trip will…

Spending money is oh so easy, but saving and investing is another story! If you’re fortunate enough to have some spare cash left over at the end of the month, what on earth do you do with it? Do you pay down your debt, invest it, hide it under your…

An unexpected event can have a devastating impact on your finances. You might lose your job, your house might need urgent repairs or you might have a health crisis. These are all scary scenarios, but if you plan properly, you can make sure you have enough money saved to deal…

Paying off debt is difficult. Cash flow is affected by soaring prices and interest rate hikes, and it’s easy to become demotivated as time goes on. But clearing your debt is the only way to become financially independent. We’re here to help: Last week we looked at the snowball method…

In 2021, on average, South Africans were spending 75% of their take-home pay on debt. That’s a scary statistic. If you’re one of those people, whose debt repayments are building into a mountain that seems impossible to climb, then read on. There are smart strategies to reduce your debt and…

There probably isn’t a person reading this who hasn’t received one of those classic phishing e-mails, where you’re encouraged to click a link and give up your personal information. Phishing is a scam that has been around forever and we’ve become well-trained at spotting fake mails. Maybe the criminals have…