The cappuccino effect

Wednesday, 8th November is National Cappuccino Day in the United States of America. Although this is commonly a time to celebrate the frothy goodness of this popular drink (whose name was interestingly inspired by the colour of the hooded robes of the Capuchin friars in Italy), it’s also an occasion to become aware of our spending habits. We may live a long way from our cousins in the northern hemisphere, but we can all benefit from the same guidelines when it comes to our financial well-being. In a recent article published by Personal Finance, an investment actuary crunched the numbers […]

5 tips to preparing your business for December leave

December is often the busiest time of year for businesses, and the season comes with increasing demands for both employers and employees. It is also the time of year when many South Africans take the opportunity to take a well deserved break. However, as exciting (and much needed) a holiday may be, this does often create added pressure — both personally and professionally speaking — and many people find it difficult to juggle all their commitments. As overwhelming as it can sometimes seem, it’s important to try to stay ahead of the competition during this time and to not let […]

Saving money for Christmas

“Have yourself a merry little Christmas, let your heart be light. From now on, all our troubles will be out of sight.” — Frank Sinatra In the wise words of Sinatra, make sure your Christmas is as stress-free as possible so that you can focus on and enjoy the important things that the festive season brings, such as spending time with family and friends. It’s easy to get carried away in the consumerist whirlwind of the silly season and find yourself in unnecessary debt in the new year. It’s also sometimes challenging to pay for Christmas expenditure with December’s pay […]

5 ways to manage stress

1st November 2017 marks National Stress Awareness Day in the UK, and the South African government even declared the whole month of October to be Mental Health Awareness Month, “with the objective of not only educating the public about mental health but also to reduce the stigma and discrimination that people with mental illness are often subjected to.” Even though there may not be a public holiday to mark the event in South Africa, stress is clearly an issue that needs to be addressed in the country throughout the year, as a study by Bloomberg revealed in 2013 that South […]

Use your smartphone to save money

A smartphone may be considered to be a pricey accessory, but it could actually save you money in the long run. According to this article published on Essentials, having a smartphone could be just the device you need to help you manage your financial situation and save you Rands overall. 1. Comparison-shopping app Nowadays, most prices and product information are available online, so it doesn’t take much more than a few clicks of the mouse to do a bit of research and comparison-shopping. However, things start to get a bit trickier when you’re actually in the shop and not sure […]

To Airbnb or not to Airbnb?

According to a Fin24 interview, Nicola D’Elia, the managing director for Airbnb Africa and Middle East, noted that Airbnb hosts in South Africa earn on average around ZAR30k a month by letting their property on a short-term basis through this popular rental website. Furthermore, Nested released an encouraging report that found that South Africans could recuperate their house value quicker through Airbnb than via traditional rental options. With such prospective returns, it’s clear that Airbnb can potentially offer an exciting income stream. However, an interesting article on Maya on Money analyses whether it’s worth the investment. The article highlights that it […]

The Power of Compound Interest

Many South Africans are unfortunately ill-prepared for retirement, and it’s an unsettling prospect that so many citizens of this developing nation may not be able to support themselves in their golden years. However, the beauty of compound interest means that if you start saving from an early age, investing in your future doesn’t have to be the heavy financial burden that many people fear (and thus postpone). The power of compound interest actually makes saving from an early age much cheaper and less stressful than if you were to put off saving until you’re older. Albert Einstein referred to compound […]

The importance of awareness

It may not be a nice topic that we wish to think about or discuss very often, particularly as it can be a sensitive subject if you know someone who has suffered from breast cancer or a scare. However, the disease’s prolific nature is exactly why we need to talk about it — and why a whole month is dedicated to increasing awareness about this malicious malady that so many women are bravely fighting on a daily basis. As many as one in eight women experience breast cancer in the United States — every two minutes a woman is diagnosed […]

The 10% rule — An all-round financial workout

You may be familiar with the 10% savings rule.The idea is that, as soon as you are financially independent, you should save approximately 10% of your income for retirement, and it is a general guideline that gives you a starting point for your savings early on in life. If you consistently save 10% of everything you make from your early 20s, you should be all set for a happy and healthy retirement. However, you may need to go the extra stretch if you only start giving serious thought to your retirement later in life. Everyone’s financial situation is different and […]

Fashion for the sake of your finances

Watches can now double as fitness trackers… and if you ask anyone who has one – they are considerably more aware of their activity. Sure – they may not actually exercise more, but with an easier way to monitor how active they are, they are more likely to change any behaviours that they are unhappy with. Building on this principle comes a brand new wearable… A hip new bracelet by Sanlam called the MNA NAM bracelet has been marketed as a fashion accessory that helps the wearer to remain conscious about their spending habits. There is a QR code embedded […]