Off The Beaten Track

saving

Here’s why you should get a tax-free savings account

August 29, 2016 // 0 Comments

Last year the government introduced tax-free savings accounts to boost South Africa’s savings rate. TFSAs are ideal because account holders are exempt from paying capital gains tax , tax on interest and tax on dividends. TFSAs are useful as long-term investments and parents can open them for their children. If you want a TFSA for each of your children you can save up to R30,000 a year per child. A family of five can save up to R150,000 a year. When it comes to the type of investment [...]

How to pick a savings account

July 7, 2015 // 1 Comment

So you’re probably concerned about how one should go about picking the right savings account. With so many products out there you can help but be overwhelmed by the process and simply settle for whatever’s on offer because it’s just easier that way. Yet you should think very carefully about your plans and objectives before you settle on a savings (or several) account(s). The first thing you need to ask yourself is: what am I saving for? You might have one, or three things [...]

Adulting 101: 7 Money Habits You Should Foster

May 29, 2015 // 0 Comments

Building sustainable money habits can be a pain. You’re always confronted with the allure of instant gratification, over and above all the responsibilities that being an adult brings with it. The challenge is always knowing the difference between what you want and what you need, and living within your means. In order to build wealth you will have to pick up some healthy money habits so that you can achieve financial freedom. The following habits can be thought of as the basic structures [...]

Throw-back Thursday: One Life-changing Class You Never Took

May 28, 2015 // 0 Comments

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We love, love, LOVE Alexa von Tobel because she is the embodiment of everything we strive for here at Piggie Banker. LearnVest is an amazing company that is revolutionising financial planning and financial literacy in the United States. It is therefore very fitting that we throw back to this awesome video from three years ago. If you’re confused about whether to jump into the credit juggling life head first, watch this video and reconsider. This will be the best ¬†eleven and a half [...]