Tag: Personal finance
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Why do you need critical illness cover?
By Schalk Malan While medical and, possibly, gap cover can make provision for medical expenses, these insurance products are very unlikely to cover any gaps when it comes to the additional expenses like lifestyle changes that result from life-altering illnesses or injuries. For example, for a condition like paraplegia, a critical illness policy will help…
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BrightRock offering group risk cover
Life assurer BrightRock is entering the employee benefits space by offering group risk cover to employers. BrightRock has disrupted the individual life market with its needs-matched product, which matches clients’ needs at the outset and adapts their cover to their changing financial needs over time. Schalk Malan, the chief executive of BrightRock, says the company…
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Goodbye, loan arranger, & Hi Ho to the new money me!
I’m well known for buying unnecessary things. A spare car. Too much underwear. Hardcover versions of the softcover Terry Pratchett books I already own. From the extra extras to the pricy options, I’ve lived my life like there’s no tomorrow.
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Happiness is driving off in a car you bought for cash
Determined not to incur more debt, it started with putting a little away each month. Which sounds simple, but in reality, it often meant doubting we’d get to the end of the month on the little that remained of my salary.
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Ten ways to keep your money promises to yourself this year
Aiming to be debt-free by the end of the year or to make your first million will probably be off the rails by March. My strategy is to select a few easy to implement financial changes which still have an impact.
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It Takes a Couple of Million to Raise a Child
According to financial planner Sydney Sekese, it costs around R90 000 a year to raise a child, with the bulk of those costs involving education, clothing and extramurals such as ballet and soccer.
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Don’t under-estimate the worth of the non-breadwinner
Many people believe that only the family breadwinner needs to have life, disability and severe illness cover. This view is fundamentally flawed, a financial planning professional says. Craig Torr, director at Cape Town-based financial planning practice Crue Invest, says that just because the stay-at-home partner does not earn an income does not mean the family…
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The High Cost of Tying the Knot
Marriage is a contract between parties, and few parties are as significant as the one you hold on the day you get married. “For richer or for poorer,” runs the pledge, the latter being the likelier option once you’ve tallied up the bill.
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5 Ways to survive buying a home
Buying a home is one of the toughest and most rewarding things you can do. Personal finance writer Maya Fisher-French and Private Property CEO Simon Bray talk about ways to simplify the process
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Maya Fisher-French on why we shouldn’t fear money
Money talks. It talks to our hopes, our plans and ambitions. It whispers sweet somethings and seduces us with the promise of a better life. But money also preys on our deepest, darkest fears…