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.
Bu hikaye woman & home South Africa dergisinin April 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye woman & home South Africa dergisinin April 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Dive into THE INDIAN OCEAN
With turquoise waters and sublime beaches, the Indian Ocean feels like paradise. Our writers test drive resorts to help you find your dream break
The Little Town With A BIG PUNCH
Wellington is a place of rolling hills and sunshine, good for fruit and wine. Especially wine, as Lorraine Kearney tells it
COME ON OVER!
After the formality of the big day, relax and tuck into our Boxing Day spread
CHRISTMAS TREES with a trist
If a faux Christmas tree is not your style and the thought of tossing a fresh one once the decorations come down makes you feel uneasy, don't fret! These solutions will have the festive vibes going throughout the year
No Place LIKE HOME
The joy of togetherness is woven into every element of this sparkling abode
Don't feel guilty for TAKING A WEEK OFF
This month, our fitness expert Annie Deadman on why Christmas doesn't have to derail your goals
The cures of CHRISTMAS
Lost your festive spirit? Here's our alternative take on the popular song, with 12 easy remedies
Papering OVER THE CRACKS
The holiday season can take its toll on your relationship - but how can you tell if it's unsalvageable or just seasonal stress?
This is YOUR BODY
And this is your body at the end of the summer holidays
UNDER the tree
Make Christmas gifting easy with our selection of great festive ideas
