Helping young people to make informed decisions about managing money.
Reading Time: 3 minutes The wealth equation is very simple yet very challenging to work with. You are wealthy when your income exceeds the expenses you are incurring. Sometimes even if you are the most frugal person on...
Insurance and budgeting / Investing
by The Finance IQ · Published August 15, 2020 · Last modified August 17, 2020
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...
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...
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....
Reading Time: 3 minutes Have you ever wondered why an insurance company is prepared to insure your car for a small premium? Why is it that majority of the greatest companies are publicly owned? Why are unit trusts...
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...
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...
Reading Time: 4 minutes In a fight, the one with little knowledge will suffer unnecessary blows. This is similar to investing with no purpose or limited understanding of why you are doing it. To many people especially in...
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....
Reading Time: 3 minutes If you have a job, a large portion of your income will go to the government in form of taxes. When you get your salary, it will get taxed. If you visit your grocery...
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