How your biology affects your financial behaviour In this fourth episode of our “Emotions and Money” series, Maya and Paul Nixon, head of Behavioural Finance at Momentum, discuss the impact of our biology on our financial decision-making, and how we can avoid making investment mistakes when our biology sends us into panic mode. As the […] The post Listen: The link between tears, trust, and investing appeared first on Maya on Money ..read more

How do you provide for a special-needs child who might be dependent on you not only for the rest of your life, but for the rest of theirs as well? My son was diagnosed with high functioning autism at the age of six. The condition has an impact on his ability to navigate his day-to-day […] The post A financial plan for raising a special-needs child appeared first on Maya on Money ..read more

Earlier this year the Reserve Bank estimated that the cost of loadshedding to the economy is as high as R900 million a day. Apart from the impact that loadshedding is having on the economy’s ability to grow, the cost of loadshedding is being felt directly through rampant price increases for groceries and other basic needs […] The post Counting the cost of loadshedding appeared first on Maya on Money ..read more

As people struggle to make ends meet in an environment of rising inflation, households are increasingly being caught up in a debt cycle. Over the last few weeks, I’ve been speaking to South Africans from various walks of life as part of the shortlisting process for the Money Makeover Challenge. The picture they’ve painted is […] The post Caught up in a debt cycle appeared first on Maya on Money ..read more

Will higher interest rates do more harm than good? Rising interest rates appear to have had little impact on inflation, but higher interest rates are placing South Africans under significant financial pressure. The current interest rate cycle has been more aggressive than predicted, with interest rates rising 425 basis points since November 2021. Despite the […] The post When the cure kills appeared first on Maya on Money ..read more

On 24 April 2023, seemingly out of the blue, SARS updated its “Manage Your Compliance Status” webpage and announced a “new enhanced” Tax Compliance Status (TCS) application form. This new process might make things quite a bit more complicated for those who wish to invest offshore. In this podcast Maya speaks to Thomas Lobbin, head […] The post Listen: Has SARS made it harder to invest offshore? appeared first on Maya on Money ..read more

When you have people who depend on you financially, life cover becomes a crucial part of your overall financial plan. But thinking about these issues at a young age can be a little overwhelming, and it’s difficult to figure out the right level of cover. A reader, Kelly, found herself facing this issue. She wrote: […] The post How much life cover do I really need? appeared first on Maya on Money ..read more

An investment club is a great way to learn about investing. You can give different members the responsibility to each research a different topic, and then educate the group on it at regular meetings. Members could even go to a seminar on behalf of the group and report back. By working as a group you […] The post How to start an investment club appeared first on Maya on Money ..read more

Black tax is not so much about money as it is about boundaries, says Ndumi Hadebe, author of Handle Black Tax like a Pro. In ten relatable stories that range from absent fathers to siblings’ expectations, self-leadership coach Hadebe explores the boundary issues that lead to financial and emotional burdens for those struggling with black […] The post Handle Black Tax Like a Pro appeared first on Maya on Money ..read more

In the third episode of a six-part podcast series entitled “Emotions and Money”, Maya chats with Paul Nixon, head of behavioural finance at Momentum Investments, about the key behaviours that make a successful investor. They also look at the impact Covid has had on how we invest. During the Covid-19 pandemic, research conducted by Momentum […] The post Listen: What makes a successful investor? appeared first on Maya on Money ..read more