Off The Beaten Track

Your Lifestyle

ETFs, Tax-free savings accounts or endowment policies – saving options for your child’s education

February 22, 2016 // 0 Comments

This article first appeared in City Press, November 8th 2015 edition. The student protests over the past few days have highlighted the high cost of tertiary education. For many, the cost of registration alone is enough to shut the door of opportunity. The South African Institution of Race relations reported that only 5% of South African families could afford to send their children to university. While the government may or may not decide to make higher education free, parents of young [...]

5 of My Worst Money Mistakes

July 9, 2015 // 5 Comments

If you’ve followed my story, you’ll know that I was in a LOT of debt at one stage and quite frankly I wasn’t even making it from one paycheck to the next. It was more like living from one paycheck to a week after. Some months it would be two or three days. To this day I don’t know how I actually made it through some of those months. Actually, I do: my institutional debt, and when that ran out, my family and friends. I owe them a cut of my investments for always funding [...]

The Emergency Savings Fund

July 2, 2015 // 3 Comments

You’ve probably heard it many times: you should ‘save for a rainy day’. Having an emergency savings fund helps you prepare for unexpected costs that may arise. Emergencies can be anything from replacing your microwave to a big car or home repair. It’s a good idea to have money set aside for such so that you don’t have to turn to debt and cause yourself an unnecessary headache while losing money in the process. An emergency savings fund guarantees peace of mind and [...]

The Single Parent’s Guide to Financial Planning

June 29, 2015 // 1 Comment

Life is unpredictable and a number of events could lead to you becoming a single parent and sole provider. It can be quite a challenge to balance the cost of raising your child with your own financial and career goals. A little forward planning can help steer you through the financial hurdles that might pop up. We’ve put together a short guide to help you when you’re drawing up a financial plan for you and your child. Have a plan It’s always a good idea to set financial goals [...]