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In this section we bring you articles that will help you make the most of your budget.

For Better or Worse weekly competition

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Balance what your family wants with what your budget allows this festive season.

Caring for our families is one of the main reasons why we work as hard as we do, and providing financial assistance while you are home is the right thing to do. Read more...

Don’t break your wallet, plan ahead for your Black Friday shopping to avoid Blue Monday

In 2018, South Africans spent about R2.8 billion during Black Friday, the annual one-day shopping frenzy which sees retailers slashing prices to all-time lows to entice consumers...Read more...

Be on the Money and conquer debt wellness.

For many South Africans, payday is a stressful experience because of over indebtedness and growing financial constraints. Simple debt-relief guidance and advice could go a long way to greater peace of mind... Read more...

Financial risks of ‘Vat and Sit’ cohabitation are real.

Relationships, like most things in life, change over time. Cohabitation outside traditional marriage, or “Vat en Sit” as it is commonly known in some communities, has become increasingly common...Read more...

What the new customary marriages law means for your finances

The South African Government handed women in South Africa a wonderful gift just in time for Women’s Month when it passed a new bill that provides for the equal treatment of women in monogamous and polygamous customary marriages. Read more...

To Baby Shower or Not?

How modern babyshowers have evolved and what that means for your pocket.

Like all well intentioned BFFs, we take it upon ourselves to throw our girlfriends a babyshower to remember. Read more...

Accessing your pension fund early could hurt you in the future #Don’tCashOut!

The uncertainty of elections, coupled with tough economic conditions and too much debt can lead one to make rash decisions about taking early retirement or prematurely withdrawing their pension fund. Read more...

Old Mutual’s Easter Insurance Checklist

The annual Easter Holidays are a time when many South Africans embark on long distance journeys, whether for religious purposes or to enjoy the year’s first restive break. Read more...

MONEY TALKS, TEACH YOUR CHILDREN THE LANGUAGE

John Manyike, Head of Financial Education at Old Mutual, joins the On The Grind show on TouchHD to share fun and easy ways you can use to teach your children the value and importance of money. Read more...

On the Money: Global Money Week Competition

Please read the terms and conditions before entering the competition. Read more...

National Budget Speech: Stop Paying for your sins

Given the recent budget speech update on the sin tax increase it would be best to start thinking about decreasing our consumption. Read more...

Financial Abuse: The aspect of domestic violence we also need to talk about

As yet another shocking video of domestic violence goes viral, the spotlight falls again on the upward spiral of abuse in South Africa. Not even celebrities are spared from it. Read more...

Tighten your belt with your own no-nonsense budget

While a great deal has been said by about Finance Minister Tito Mboweni’s 2019 Budget Speech, delivered on Wednesday 20 February, the woman or man on the street may be wondering: “What does all of this mean for me? What does this mean for my expenses and my budget?” Read more...

Tackling your Debt Hangover in Januworry

Here’s how to start bossing your money in 2019!

73% of employed consumers claimed that January is a more difficult month financially than December; while 38% said that they stopped paying store cards at the end of the festive season to survive the debt hangover in January. Read more...

Don’t let your year-end bonus turn you into a Skhotane

6 steps to make your December reward work harder for you

It is very tempting to unleash your inner Skhotane at bonus time, especially after a year of hard work. However, if you waste your extra cash on flashy ‘nice-to-haves’, you might just be destitute come January. Read more...

Shop Smart on Black Friday

How to survive the craziest shopping day of the year

On Friday, 23 November, South African consumers will start queuing at the break of dawn and online shoppers will be glued to their computer screens as the annual shopping craze begins. According to the 2018 Black Friday survey conducted by My Broadband, 81% of those surveyed said they are planning to shop on Black Friday this year, with the majority revealing that they are planning to spend less than R5 000. Read more...

Now is the time to think ahead and avoid a Debtcember

Balance what your family wants with what your budget allows this festive season

South Africans who live far from where they grew up love to ‘go home’ during the festive season to catch up and reconnect with their families. The problem is that this joyous time of togetherness can often be hard on your pocket. Read more...

Debt: the new Tokoloshe keeping consumers awake at night

While Halloween may not be as popular in South Africa as in other parts of the world; there is a new monster, called ‘Skoloto’ (debt), keeping consumers awake at night. Many people these days are tormented by skoloto. But it’s a nightmare that can be overcome, said John Manyike, Old Mutual Head of Financial Education. Read more...

Lobola is a loved part of our heritage, but is it legal?

The practice of lobola is an intrinsic part of getting married for many South Africans. But is it a tradition or a legal process? “A legal marriage protects your rights, particularly your property rights, if the marriage fails,” says John Manyike, Head of Financial Education at Old Mutual. “That’s why it’s important for South Africans to know the relationship between lobola and a legal marriage.” Read more...

Budget alert: it’s matric dance season!

It’s that time of year again when parents of matriculants are under pressure to fork out hundreds or even thousands of rands for the matric dance. Gone are the days when this event was viewed as just a smart farewell party. Today’s red-carpet affairs can cost up to R50 000 if you get carried away with hiring a vintage or expensive car and line up top designers, hair stylists and make-up artists. Read more...

#OMGWAP Talent Search 2018

The 2018 #OMGWAP TALENT SEARCH for South Africa’s best lyrical talent with financial swag has begun and the showdown promises to be even more dope and happening than last year’s successful event. The theme for the 2018 #OMGWAP student rap competition is ‘Bars on Credit’, cautioning students against raking up unnecessary debt in order to live an overly flashy, consumer-driven lifestyle.Read more...

Adopt long-term thinking to ensure you always live your best life

If you are a Millennial, or a GenX, you may think retirement is a long way off. However, this is an opportunity to make sure you are on the right track when it comes to saving enough to maintain your lifestyle beyond the end of your working life. Read more...

STUDENT LOANS: A BOON AND A BURDEN FOR SA YOUTH

The better educated you are, the better your chances of getting a job. This self-evident truth has been officially confirmed by Statistics SA. However, for many South Africans the only way to study further is through a student loan. Here are seven steps to repay a student loan in time and get you on track to reach your longer term financial goals. Read more...

WHAT TO CONSIDER BEFORE RESIGNING FROM YOUR JOB

As May begins and South Africa honours Workers’ Month, the country’s employees are having to contend with a volatile economic climate and the sharply rising cost of living. This tough economic environment calls for cautious decisions, says John Manyike, Head of Financial Education at Old Mutual. “Before making any changes that could affect your long-term financial wellbeing, carefully weigh up the pros and cons. This applies particularly to deciding whether or not to resign from your current job.” Read more...

Global Money Week - promoting a responsible savings culture

This week marks Global Money Week (GMW), a global initiative aimed at inspiring people to learn how to manage money, save and become financially independent. The initiative, themed Learn.Save.Earn this year, is designed to equip the younger generation with the skills they need to make wise, long-term and sustainable wealth decisions for their future. Read more...

Uber adds more perks for driver-partners

Uber recently partnered with two great companies, KaeloXelus, to give driver-partners access to an occupational health product offering, and Old Mutual, to offer free Money Management Courses to driver-partners across South Africa. Read more...

GETTING MARRIED

The summer wedding season is upon us and wedding bells are ringing. Getting married is a very special and exciting event, one you may have planned for and dreamt about for a long time. Expectations can run high. You probably want the day to be extraordinary and everything absolutely perfect: the dress, the décor, the catering, the flowers, the photographer, the bridesmaids, everything! Read more...

Don’t let winter ruin your budget

With the effect of the drought now experienced in increased food prices together with interest rate, petrol and electricity hikes, many South Africans are buckling under the financial pressure of making ends meet. Read more..

Limit the impact of rising costs on your finances

Many South African consumers might be forgiven for feeling a little punch-drunk at ongoing increases of living costs. While many of these costs are out of our control, there are steps you can take to limit their impact on your wallet. Read more...

Get out of bad debt

You need to earn a lot to be well-off, right? Not so, says John Manyike, Head of Financial Education at Old Mutual, who explains that wealth is as much about controlling debt and spending as it is about income. Read more...

Manage climbing costs by financially educating yourself

Rising living costs will in coming months put pressure on consumers and many who haven’t already trimmed their financial spending habits will be forced to do so. Get ahead of the curve and cost-proof your finances now. Read more...

Avoid being a pay day millionaire

Six months into the year, South Africans are feeling the financial pinch as the full effect of the worst drought in recent years has started affecting food prices, while hikes in the interest rate, petrol and electricity prices are also a reality. Read more...

Avoid the consequences of not saving

With July being Savings Month, South Africans are encouraged to think about how much they save and to re-evaluate their long-term financial goals. Scare tactics seldom work but the truth is that without adequate savings your future will look bleak, says John Manyike, head of Financial Education at Old Mutual. Read more...

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