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...
Tag: financial service provider
Living annuity vs life annuity
Once you opt to retire from a retirement savings product, two-thirds of your funds need to be invested into a living or life annuity. If you have reached retirement (55), the time to draw an income from your retirement savings is now. People who have retired have two options, to purchase either a life...
The economic volatility surrounding the pandemic | A financial perspective
The COVID-19 pandemic has affected us all in different ways. Of which, our emotional and financial health suffers in such times of volatility. What you need to remember is that during this period, we are surrounded with anxious situations that render us feeling that one situation will result in our entire world. In such...
Insights on how women invest – products & myth busters
“Women must empower themselves by being ahead of the curve as society catches up.” Much focus has been afforded of late, to the rise of female wealth with frequent discussions on all mediums and platforms on the subject. As such, the contents of this article aims to identify the changes, trends and myth busters...