Author: The Finance IQ

3

How to save money

Reading Time: 3 minutes Having enough savings is very important to meet future short term needs. However most people do not have enough savings while others are not able to do it properly. To be able to know...

1

How a credit card affects your credit score

Reading Time: 3 minutes A credit card gives you an option to borrow money up to a given limit. This form of debt is unsecured, transactional and revolving. This makes a credit card debt more costly in terms...

1

Bad money habits can lead to depression

Reading Time: 3 minutes During the Coronavirus pandemic, most families lost their incomes due to retrenchment. It is true that that money cannot buy you happiness but worrying about not having it can deprive you of your joy....

4

Getting out of debt

Reading Time: 4 minutes One of the most challenging thing to do for most people is getting out of debt. In South Africa, debt is very easy to get but very difficult to get out of. Debt can...

3

Payment Holiday – a blessing or a trap?

Reading Time: 3 minutes A payment holiday on your debt is when the lender gives you a temporary suspension of your repayments in the condition that you are unable to pay your debt obligations. It sounds too good...

0

Allocating funds on a portfolio of shares

Reading Time: 3 minutes For a stock investor, selecting the stocks to buy is the most important step. This stage can require extensive research and forecasts of the expected future performances of the companies to be invested in....