Inflation can be defined as: The rate at which prices increase on a trolley of goods, or on a specific product or service. Therefore, if the current inflation is 4%, it will refer to the rate at which the trolley of goods in South Africa has increased in price over the past 12 months...
Author: Anglo-Admin
Things to consider if your partner has no retirement provision
A harsh truth facing many South Africans is that they have not saved enough. But what do you do if you find out your partner has no retirement savings? In this article we provide some guidelines to help you make the best of this precarious situation and protect your relationship from money stress in...
Financial Planning – Tips to weather even the worst financial storms
Achieving financial stability is the ultimate goal for many South Africans – but factors like personal debt, divorce, health issues, retrenchments and the declining economy can make this increasingly difficult to attain. There is light at the end of the tunnel, though: the right guidance and tools offer several ways to become financially savvy....
Medical Aid: A healthy trolley for a healthy life
The article below, showcases insights by Philip Marais from Momentum Multiply into what it means to shop healthy and make better choices when it comes to what you put in your trolley. According to the World Health Organisation (WHO), 70% of women, 31% of men and 13% of children in South Africa are overweight...
Needs vs Wants
It is not uncommon to feel restricted when budgeting, especially if you are controlling your spending across multiple categories. However, there is a simpler solution called proportional budgeting, where you divide your monthly income into categories based on a percentage: Allocate a percentage to your needs – things that are essential Allocate a percentage...
When to start thinking about my retirement?
Sooner rather than later. Here’s what you need to know: With any financial obligation, it is always advised to get it started or completed sooner rather than later. For South Africans, the number of those who will be able to maintain their standard of living is low. Research shows the estimation of 6-25% of...
Tax-Free Savings is a must for these uncertain times
There are continued economic difficulties faced during the COVID-19 pandemic. As such, financial security has become increasingly important, and the time to maximize your savings is now – and you can do it tax-free! The tax-free investment mechanism was introduced some years ago and is a good way for people to save money effectively....
What is your money personality? – Money Boss
Are you aware of the different money personalities? Ever wondered what your money personality is and what it means for your bank account? For the festive period, we have decided to look at the different type of money personalities to help you identify yours so that you can learn more about the pros and...
What is your money personality? – The Big Spender
Are you aware of the different money personalities? Ever wondered what your money personality is and what it means for your bank account? For the festive period, we have decided to look at the different type of money personalities to help you identify yours so that you can learn more about the pros and...
Do you know why you want to be financially free?
The word “Financial Freedom” has been thrown around, yet not entirely understood. Majority of us have the goal to be financially free, however, only a few of us attain this goal. One of the reasons for this is that we say we want to be financially free; we know we want to be financially...