In the concluding aayah of The Bride of the Qur’aan, Surah Rahmaan, Allah describes Himself as Master of Grandeur and Honour. In this light it is observed that the more than 99 names of Allah belong to two major groups; those which expound Allah’s grandeur and majesty and those which expound His honour. The...
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Protecting yourself financially against future ill-health
What is it? Medical aid is designed to provide financial cover for medical expenses for members who belong to a registered medical scheme, and who contribute monthly towards the scheme. All medical aids in South Africa must be registered in terms of the Medical Schemes Act and regulated by the Council of Medical Schemes....
Five financial planning tips for graduates
If you’re a graduate starting out your career, consider the following financial tips: Banking and budgeting The transition from student to a full-time employee may require that you review the type of bank account you use to manage your affairs, so do your online research or visit your bank to establish which account type...
Developing a healthy savings mentality
Saving is a habit that you can develop over time with a bit of effort, discipline, and commitment. Not everyone is a natural saver or inherently astute with numbers. But, as with most things in life, saving is a habit that you can develop over time with a bit of effort, discipline, and commitment....
Your first job: key financial steps to take
Take time at the outset of your career to ensure your financial path forward is a secure one. If you’re fortunate enough to have secured your first job, now is the time to take control of your finances and lay the groundwork for your financial planning journey. The prospect of a regular, secure income...
Teaching kids’ good money habits
Lessons you could teach your children about money according to their age group. A parent’s guide to teaching your kids about money What we are about to teach you is probably not entirely new to you. We highlight a few of the most important lessons you could teach your children about money according to...
Financial planning in the wake of retrenchment
Critical steps to take to avoid making errors that can cost you later on As the lock-down restrictions ease somewhat, many companies have been left counting their losses and assessing the damage caused by the destructive second wave of the pandemic. Very few businesses have been left unaffected by the lock-down and widespread retrenchment...
Retirement: The best investment money can buy
The investment growth at a rate better than inflation, combined with the added tax benefits, make retirement funds the best investment you will ever make. Investments are critical to the lifestyles and well-being of most of us, but we often find ourselves lost and confused. One of the reasons for this is that the...
Time, value of money, budgeting, and priorities
Small changes to your budget and approach to long-term investing can significantly improve the circumstances under which you retire. One thing that is surprising to advisors is the number of people who still think investing is exclusively for the wealthy. Understandably, disposable income is not always available at a beginner career level. However, even...
Tax year-end: Maximize your available tax deductions
As we head towards the end of the 2021/2022 tax year, now is an opportune time to make sure that you’ve taken advantage of the available tax breaks available to you so as not to leave any ‘free money’ on the table. However, before implementing one or more of the commonly used strategies outlined...