This is the ancient tale of how interest rates change and the forces that shape their destiny. Once upon a time, in the land of economic stability, the ever-changing interest rates kept weaving tales of prosperity and struggle. Central banks, the guardians of monetary stability, navigated the twists and turns of economic indicators, seeking the delicate balance between growth and inflation. In a time when the dragons of inflation threatened the peaceful land of economic stability, […]

Continue readingMore Tag

The rise of over-indebtedness is a growing concern not only locally but also for individuals across the globe. Legal action and bad credit records due to non-payment can have serious consequences on people’s financial well-being. In 2022, consumers in South Africa failed to honour a collective debt of R2.8 billion. Similarly, other countries have been struggling with debt issues. In the United States, household debt reached over $15 trillion in the third quarter of 2021, while […]

Continue readingMore Tag

In the current economic climate, a growing number of individuals are experiencing financial strain due to the escalating cost of living and rising interest rates. As a result, many are looking for ways to reduce their expenses in order to maintain a balanced budget. Insurance premiums, often perceived as an expendable cost, are among the first expenses that come under scrutiny. However, it’s important to carefully weigh the consequences of cutting back on insurance coverage. While […]

Continue readingMore Tag

Financial planning can be a daunting task, and it’s common for people to make mistakes as they navigate the complex world of personal finance. In this blog post, we’ll discuss some common financial planning mistakes that many individuals make, as identified by FinTwit contributor Jason Friedman. By learning about these pitfalls and how to avoid them, we’ll better equip you to make informed decisions and set yourself up for long-term financial success. Let’s dive in! Mistake […]

Continue readingMore Tag

The rapid growth of artificial intelligence (AI) has brought both excitement and trepidation in equal measures. Many see it as a threat to job security, while others believe it has the potential to revolutionise the way we live and work. AI can help you upskill, become more valuable to your business, and create more value in your financial life. As AI continues to advance (faster than ever before!), free educational resources like ChatGPT become more accessible, […]

Continue readingMore Tag

Saving money doesn’t have to send us on a price-smashing frenzy that leaves broken trolleys and disgruntled shoppers in our wake. In fact, panic buying is probably worse for our budget than doing a daily grocery run. With the right approach, buying in bulk can be a smart way to save money on everyday items. If not done correctly, it can lead to waste and even overspending. To maximise the benefits of bulk buying and avoid […]

Continue readingMore Tag

Money can be both a master and a servant in our lives, depending on how we choose to approach it. As P.T. Barnum once said, “Money is a terrible master but an excellent servant.” Let’s explore what this means and how we can ensure that money serves us rather than the other way around. Money as a master can be a daunting prospect. It can feel like we are constantly at its mercy, always struggling to […]

Continue readingMore Tag

“Financial security and independence are like a three-legged stool resting on savings, insurance and investments.” – Brian Tracy. When it comes to financial planning, many people focus on investing as the key to financial security and independence. However, as Brian Tracy points out, financial security and freedom require a three-legged stool resting on savings, insurance, and investments. Savings are a crucial component of financial security and independence. Without savings, unexpected expenses or emergencies can quickly derail […]

Continue readingMore Tag

Thinking, feeling, and acting are interrelated processes that shape our behaviour, and they often become so habitual in our busy lives that we are no longer mindful of them. We lose control of being intentional about the direction our lives are taking – and this often shows up in our finances. Therefore, it is important to be aware of our thoughts and feelings and how they influence our actions, especially concerning financial behaviour. Essentially, thinking refers […]

Continue readingMore Tag

People have a wide range of feelings and perspectives regarding investing. Some view investing as a way to grow wealth and secure a financial future, while others may view it as too risky or complex. Some of us are confident in our investment knowledge and feel comfortable making decisions independently, while others prefer to seek guidance from financial advisors or investment professionals. Still, others may feel nervous about the stock market and prefer to put their […]

Continue readingMore Tag