So, what you’re saying is that you don’t have to spend additional cash just to be able to spend your money? Exactly! Hidden (and not-so-hidden) banking fees play little role in helping you get the most out of your financial situation. Dare we say, they actually keep you from maximising your money.
We get it; sometimes, you need cash, and you need it ASAP. So whether you’re looking for some extra moola in your pocket for an upcoming weekend getaway or if you’d like to splurge during the festive season, here’s what you can sell right now to make extra money and make it fast.
You’re the boss of your money, and the 20/30/50 rule puts your delegation skills to work. The overarching concept of the rule is to divide and conquer and allocate a specific percentage of your income to a particular area in your financial life. In this rule, 50% of your payment goes to necessities, 30% goes to lifestyle and 20% is set aside for long-term savings.
As the year comes to an end, you may be wondering how you can wrap it up feeling financially stronger. But with the festive season coming up and bank balances that feel anything but consistent – talk is cheap. Fortunately, Greg McBride, Bankrate’s Chief Financial Analyst, has put together a list of financial tasks to complete before we welcome the new year.
Spot has partnered up with SA’s most loved brands to make paying for airtime and data a thing of the past. There are no voucher codes or clumsy coupons to worry about. Customers simply verify their mobile number in the app, then pay as they normally would in-store and online with their Spot debit cards and they’ll earn airtime or data in return.
Welcome to your Money HQ. Spot is your free account for everyday needs. A fast-growing fintech start-up, Spot, allows customers to save, spend, and maximise their money. Spot accounts are secured at Bidvest Bank under their banking license, and debit cards are issued by Mastercard, ensuring the highest security standards.
Have you ever looked at your monthly bank statement and wondered where those extra bucks went? Yes, your account has less money, and you didn’t technically spend it. So, where is your money going, and what are you actually paying for when it comes to banking fees?
Real talk: There’s no quick fix for getting out of debt. For most consumers, it’s an ever-present expense that they factor into every financial decision. In 2022, average consumers in South Africa need to spend around 63% of their take-home pay to service their debt. Here’s everything you need to know about Dave Ramsey’s Snowball method and how it can help you pay off your debt more efficiently.
Picture this – you wake up and get your monthly payment reminder from your bank or credit provider on your phone – and the amount you owe is less than what you owed last month. Win! But why exactly are you being charged less for your loan repayments?
If you’re currently in debt – don’t fret. There are ways to get your debt under control and regain financial freedom, but it will take consistent work and commitment. Read on to discover how you can master your debt, regardless of your financial situation.
Spot Money helps you tick off your to-do list so you can start ticking off that bucket list, and it all starts with making sure your money travels with you. So whether you’re planning on travelling abroad or if your wanderlust is steering you towards making some international purchases – we’ve got it covered.
Electricity prices just seem to be skyrocketing and trying to decipher how many units you’ll actually get for what you spend is harder than figuring out how Kim and Pete are together. So here’s the low-down on how to hack the prepaid electricity system and get the most bang for your buck.
Living without debt is great – who actually wants to take on debt? A lot of people, it turns out. While we generally do our best to avoid debt (which is the right thing to do) we actually need to take on a bit of debt to achieve important life goals like owning a house!
Getting rich when you’re not a Kardashian might seem like mission impossible. Especially when it seems like those who’ve tapped into the millions have either inherited it or traded Bitcoin a couple of times on the stock exchange.
Debt. It’s the ultimate buzzkill. We all wish we had the right kind of stacks we could brag about to family and friends… sadly the only stacks many of us have are that stack of monthly debt repayments piling up.
Risk. We dabble in it every day without realising it. Every time you leave your house, get in your car, catch a flight, chew on peanuts, you’re taking a risk. It’s an unavoidable part of life for all of us and, for the most part, we take it on because the benefits outweigh the risks.
If you’re in a relationship sooner or later you’re going to have to talk about money. Whether it’s about who pays for dinner on the first date or whose turn it is to buy groceries – it’s going to happen.
Do you ever feel like you could do with a bit more money at the end of the month? Us too. You’re not alone. Across the country, many South Africans are turning to second jobs for additional income. We live in the age of the side hustle.
With a few weeks to go before Black Friday 2022, retailers in South Africa are gearing up for a big weekend, kicking off the annual festive shopping season. Black Friday traditionally runs from 25 November, but major retailers like Game, Shoprite and Woolworths are already letting slip what shoppers can expect on the day.
If you walk into the mall with a plan to buy diapers and baby formula only to return home with a new pair of bedroom slippers, an SUV you can’t afford, and sweets and chocolates to survive an apocalypse – this blog post is for you.
We’ve all felt that bittersweet feeling when the bank notifies us that money’s been deposited into our account. The month has been longer than the money and now, finally, you can breathe a sigh of relief.
Let’s face it, there are many things we’d rather be doing in our spare time instead of budgeting. It’s not very fun, no matter how old you are. But it’s necessary and, if you do it right, can change your life in the best way.
