Your first salary lands. After deductions, there’s something left over – and you’ve seen enough FinTok to know you should be investing. So, you open an investment account, set up a monthly debit order into a balanced exchange-traded fund (ETF), and pat yourself on the back. Job done, right? For now, yes. But your financial
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With the cost of living stretching budgets to breaking point, South Africans are increasingly looking for ways to save. Many turn to loyalty programmes, which can be an effective way to cut costs – provided they are used wisely. A loyalty programme is a marketing system that companies use to reward customers who shop or
Shop, swipe, save: 7 tips to maximise loyalty programmes Read More »
Homeowners have traditionally been encouraged to think of their property as an investment because of its potential to increase in value. Today, there’s another reason to invest in your home – it could reduce your monthly expenses. Faced with electricity prices that have increased by between 8.76% and 9% this year, rising municipal charges and
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While the old quiz show might have been called Who Wants to Be a Millionaire?, the question arguably would have been better posed as, “Who doesn’t want to be a millionaire?” Because – aside from a handful of people such as billionaires, monastics or those who don’t care one iota about material wealth – you’d
Can you become a millionaire on a salary? Read More »
National Savings Month encourages South Africans to develop healthier saving habits and build greater financial resilience. The initiative is important, but much of the advice assumes consumers have money to save – something that doesn’t reflect the financial reality facing many households. Research suggests that the primary constraint on saving for some households is limited
Savings: What happens when reality thwarts the best intentions Read More »
As South Africans look for smarter ways to grow their savings in a high-cost economy, and with July marking National Savings Month, GoTyme Bank has expanded its Fixed Deposit offering from three term options to five – giving customers more flexibility to lock in strong, guaranteed returns over the period that best suits their goals.
GoTyme Bank now gives you more ways to make your money work harder Read More »
The conversation around South Africa’s two-pot retirement system has largely centred on one key feature: access. Since its implementation on 1 September 2024, the ability to withdraw from the savings component of retirement funds has provided many South Africans with much-needed financial flexibility. As the system evolves, a more nuanced picture is starting to emerge.
Why are more South Africans returning to their retirement savings? Read More »
Life is full of surprises; unfortunately, not all are good. While you can’t predict every challenge, being financially prepared makes unexpected problems easier to deal with. Gavyn Letley, product head at specialist loans provider DirectAxis, says the first step is to consider what you can realistically insure for. “These are events that are difficult or
Financing life’s foibles: Dealing with unexpected expenses Read More »
If your 40-year-old self could sit down with your 20-year-old self, the conversation probably would not be about bold investment moves or overnight financial windfalls. It would be about the small, quiet habits that either slowly derail your finances or steadily build them. Asking questions about money, sharing experiences and speaking openly about financial challenges
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Following the successful launch of Binance Junior in December 2025, Binance has introduced exciting new features aimed at making saving and learning about crypto even more engaging and accessible for families. Designed for kids and teens aged 6 to 17, Binance Junior already provides a secure, parent-controlled platform that encourages positive savings habits and financial
Binance Junior enhanced with new features to boost family crypto savings and learning Read More »