Have any questions?
Please read our most frequently asked questions below.


How and where can I start investing the little money I  have? 

  • Start the cookie jar approach

  • Start investing in the stock market

  • Add it to your retirement fund account as an additional voluntary contribution

Ways or tips in which I can be disciplined when saving money?

  • Cut back on spending habits

  • Creating a convenient budget

How do I budget when I only have NSFAS which I share with my family Or when my salary is hand to mouth?

  • Create a budget with your family

  • Prioritize needs before wants

  • Don’t be afraid to trim your budget and always track progress

Do I need to think about saving for retirement now?

  • Yes, the sooner you start, the more savings you will make.

  • You can take advantage of compound interest

What is an emergency saving fund, and do I need one as a low-income earner or as a student?

An emergency fund is money you've set aside in a separate savings account to help you cover unexpected and urgent expenses. Establishing an emergency fund while you're young can help you better prepare for financial challenges and obligations you may face later in life.

What happens if I don’t pay my debt? Does debt die with me when I am dead?

  • Raise your interest rate

  • Place an account with collection agent

  • Take money from your bank account

  • Start legal action

  • Your debt doesn’t die with you, it will be paid with the monies you have left behind.

As a small business owner or a student, how do I pay tax?

Students are not liable to pay tax unless you earn R87 300 per annum same applies with small business owners.

How can I start getting a credit score without going into debt?

The only way of obtaining a credit score is having good debt and managing your debt well.

How do I choose the right bank account as a small business or as a student?

Look for a bank that offers convenience and either doesn’t charge fees or makes them easily affordable.

Are there affordable investments for small businesses, small income earners or students?

Tax free savings, Stash, Auto share accounts, unit trusts, retail bonds, properties and shares.

How do I get out of debt? Which kind of debt should I  start paying when trying to get out of debt?

  • This is up to you but start with the most expensive debt first (highest interest rate)

  • Negotiate with the creditor on repayment if you are under pressure.

How do I budget when my income is very low?

  • Identify fixed and non fixed expenses and also essential and non essential payments.

  • Look at cutting the non fixed and non essential payments from your expenses

Can I save and try to get out of debt at the same time?

Yes tackling the most costly debt first is a form of saving. Also if a savings has a higher return than cost of the debt this may be feasible in terms of consideration

What is the best investment option?

First understand how long you are going to be invested for and the amount of risk you are prepared to accept. This will help in understanding the best investment options available to you

How do I avoid debt going forward?

  • Discipline, discipline and more discipline.

  • Try have an emergency fund set up so that you do not have to rely on credit when an emergency arises.

How do I recover from indebtedness?

Spend less than you earn. Work the non essential out of your budget and make work of paying debt off as quickly as possible

Should one try save while still in debt?

Speak to a professional financial advisor about this as there is no one size fits all approach to this. Each set of circumstances deserves special attention.

Which is the best funeral cover for my family?

Start with understanding how much of cover is required and chose the funeral plan that is most cost effective for your needs

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