Are you eagerly anticipating the purchase of your new dream car? Exciting times lie ahead! Naturally, you’ll want to ensure the best care for your vehicle, from cautious driving to regular servicing. But have you considered the importance of protecting yourself financially while traveling on the open road? Let’s delve into the benefits of comprehensive car insurance. 1. The Necessity of Car Insurance In today’s automotive landscape, cars come with hefty price tags, and motorists invest significantly in their ownership. Car insurance serves as a financial safety net for motorists, providing pro ..read more

In the realm of financial planning, one often-overlooked aspect is funeral cover. While it may not be the most comfortable topic to discuss, having adequate funeral cover can provide essential financial relief and peace of mind during a challenging time. In this article, we delve into the benefits of obtaining funeral cover and why it is a crucial component of overall financial preparedness. 1. Financial Protection for Loved Ones The primary benefit of funeral cover is providing financial protection for your loved ones in the event of your passing. Funerals can be costly affairs, with expenses ..read more

You’re sitting across the table from your financial advisor talking investments when he or she recommends you stay away from a unit trust and rather go with an endowment. Now you consider yourself to be as intelligent as the next person, but right now the question you’re dying to ask is: “What’s the difference?” Let’s find out by first asking: What is a share? Anyone who owns a business, besides being a business owner, is a shareholder in that business. That’s because they own a ‘share’ of the business – either the full share or a portion. The only time you and I can buy shares in a comp ..read more

What should you do with your spare money? Stick it in a bank account or invest in a unit trust fund, managed by an asset manager? It really depends on your answers to a few questions which we will cover in this blog post. Before we get into those questions, it’s a good idea that we make sure  you understand the difference between “saving” and “investing”. If you are looking to “save” money, it’s generally a decision that has a short-term horizon (no more than a couple of years). Need a few examples? How about saving for an overseas holiday, or a new kitchen. Or saving for a wedding d ..read more

Tell us, what do you expect from your insurance? Some of us expect to be better off after a claim. But for most of us, we simply want to be in the same situation as we were before the loss. In this blog post, we look into car insurance excesses and how to avoid picking the wrong option when you take out your car insurance cover. It seems like something you can simply skim over during your chat with your broker or direct insurer, but it might come back to haunt you. If you have car insurance in place, you have a car. Let’s start with that. Everyone seems to be driving a new car nowadays. Now t ..read more

Could one mistake on your life cover application end up costing you R300,000? Leave your life cover to the wrong person and it could end up costing thousands of Rand’s. Leave it to the ‘right’ person and it costs nothing. Maybe you’ve never thought about how much it could cost you. Maybe you didn’t know. In this article, we are going to show you what can happen if you get your beneficiary wrong. And here’s what makes things even worse…the more life cover you take out, the bigger the problem you have. So what then is a person supposed to do? We are going to explain what yo ..read more

Do you feel like you wasted a lot of money in 2018 without even being aware of it? If your answer is “Yes”, join the club. We aren’t into New Year’s resolutions, but we have spent some time thinking about ways we could plug the potential leaks in our budgets and enjoy more “money mileage” in 2019. Most of us can expect nothing more than an inflation-adjusted salary increase this year so looking after each Rand will be important. Here are potential leaks you need to check that could save you as much as R4 000 a month. The cost of banking What is your bank giving you in exchange for taking your ..read more

It was going to happen sooner or later and you were always going to be the loser. What am I on about? Behind the scenes, there is a battle going on between two industries – the medical schemes and the insurance companies. The loser has always been the insurance industry, but ultimately it’s you. Medical schemes survive by having a ton of members all contributing to the pot. The scheme then decides on where to allocate the money on behalf of all the members. The danger for any scheme comes in three ways: Less and less people contributing to the pot People deciding to contribute less to the pot ..read more

Retirement is always something way off in the future until suddenly it isn’t, and by the time you realise this, it’s too late. What if we showed you how little a million Rand pension fund buys at retirement? Hopefully this will help end your procrastination. As a nation we’re not saving enough, and to be honest it’s hard enough getting by from day to day right now, never mind one day when you retire. A great question to keep things in perspective is to ask – If you’re struggling right now, how much more will you struggle in retirement? Now that we’ve got you thinking about retirement, let ..read more

“We need R200,000 urgently. Can you cash in our preservation fund?” Remember in our previous article, how we received this request from a client followed shortly by a query: “Why were we only paid R130,000?” What a question to get first thing on a Monday morning, but put yourself in their position – you expect one thing, you’re told what to expect, and then you get something less than expected. Feverishly, I dig out the file, pull up the calculations, and recheck my figures. Come with me as I run through the calculation once again. So, the first question I asked was… Has the client reached re ..read more