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.
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?
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.
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.
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.
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.