Do you know the commonest mistake for your life stage? Angelique Ruzicka asks the experts how best to navigate the money minefield...
OUR EXPERTS
CLAIRE BUTTERFIELD, marketing manager at Ooba, a bond originator
MICHAEL KRANSDORFF, co-founder of and chief economist at mytreasury.co.za
WINNIE KUNENE, entrepreneur of her own money coaching business, with 30 years’ experience in the field
JOHN LOOS, economist at FNB
SUE McLENNAN, financial planner at BDO Wealth Advisers
KALAY PILLAY, practice development manager at financial planning firm Momentum Consult
MARC SEVITZ, co-founder of taxtim. com, an online platform helping the public with all things tax-related
Commonest mistake in your 30s
NOT SAVING ENOUGH
Many women in their 30s aren’t saving enough, or at all, because they feel they have enough time to catch up later in life. “This mentality often leads to reckless spending that can rack up debt,” warns Kalay Pillay. “About 48% of the 12 million credit-active South Africans are now in debt,” adds Winnie Kunene.
“Ideally, once you’ve got a handle on debt, you should put 15 to 20% of your gross income into savings in your 30s,” advises Sue McLennan.
Commonest mistakes in your 40s
NO STRATEGY TO CLEAR YOUR BOND
Many homebuyers will find themselves in the unfortunate position of still having to pay home-loan instalments when they’re close to or at retirement, because they only qualified for a home loan in their 40s, or because they weren’t paying enough into their bond every month.
この記事は woman & home South Africa の April 2018 版に掲載されています。
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この記事は woman & home South Africa の April 2018 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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