MELISSA Browne is an accountant and financial adviser, but that doesn’t mean she was brilliant with her own money. In fact, she learned the hard way how to sort out her own finances. She’s sharing her experience and tips in a new book Unf*ck your Finances, published by Allen & Unwin on 24 January. Below […]
Most states take a scattershot approach to teaching personal finance concepts to high school students, a newly released financial literacy report card finds, with just a handful of exceptions. The 2017 Financial Report Card from Champlain College’s Center for Financial Literacy gave just five states — Alabama, Missouri, Tennessee, Utah and Virginia — an A […]
Many people are asking how to start a business. It’s not that they don’t know what product/service they want to offer; they just don’t know how to move it forward. They are stuck. Well, the only way to start a business is to just start. Here are a few tips to help you along. There’s […]
CAPE TOWN -Just what are credit rating agencies? Credit rating is a process of assessing and scoring the creditworthiness of would-be borrowers, on a standardised basis, to help lenders to decide who to lend to and on what terms. Logically, if you were told that one borrower has a good credit score and another one has, […]
Last year was a year of mixed fortunes for investors, and as such it offered a number of sound investment lessons. 1. Say no to the narrative, not the opportunity It’s easy to get caught up in market narratives. When news flow is good and sentiment positive, investors tend to buy popular securities at any […]
Many Americans are sorely lacking in knowledge when it comes to basic financial terms, according to new research. A recent study of 1,000 Americans over the age of 30 found less than half of participants could confidently explain what a 401(k) is. The research examining people’s grasp of financial terminology found many struggled to define […]
Having good personal finance doesn’t mean you have to make a lot of money. One of the most common complaint is that people feel they cannot save money because they do not earn enough. Though many families are living pay check to pay check, there are some small and big changes you can make to […]
Despite countless television ads touting the virtues of retirement planning, it seems many people are not getting the message. According to a survey from GOBBankingRates.com, one-third of Americans have nothing saved for retirement. Financial advisors recommend men and women begin saving for retirement as early as possible. The longer people delay opening a retirement account, […]
People who are constantly broke tend to portray some kind of bad money habit. These bad money habits are actually the major reasons why some people are constantly broke. How you spend and manage your money every day has a huge significance on how you can build your finance successfully. Here are bad money habits […]
You might think it takes a lot of luck to achieve financial security and a comfortable lifestyle, but luck is only an opportunity, not an end in itself. Even lottery winners quite often end up broke within a few years. In most circumstances, the state of your finances is the total of your attitude to […]
Are you ready to face up to your financial responsibilities at the beginning of a new year? You probably haven’t given it much thought, but it is likely, if you’re the average South African consumer, that you found 2017 hard going on your finances. Not only did the past year see living costs rise, but […]
Traditionally, smoothed investments have been the domain of the major life assurance companies. But now innovative kid on the block Sygnia has launched one. Smoothed-bonus funds, as they are widely known, are suitable for investors with a low appetite for market volatility and who want to preserve their capital, perhaps because they are nearing retirement. […]
