What women need to think about when starting a family?
Woman & Finance
by Mapalo
3y ago
Starting a family is a big milestone, it brings excitement and a bit of anxiety at the same time. Unfortunately for women, starting a family does carry a price tag; women often have to take maternity leave and, in many instances, this means taking a pay cut for a couple of months until they get back to work. Not only that, but studies also show that women will often forego a promotion, or a career move in order to take care of their family; which in turn has a negative impact on her overall finances not to mention the prevailing gender pay gap. It is clear that although choosing to start a fam ..read more
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Money management for the financially savvy woman
Woman & Finance
by Mapalo
3y ago
For Savings Month and Women’s Month, I partnered with Game to collect and answer some of your pressing personal finance questions. We shot 3 videos in which I answered 6 questions that are frequently asked around the topic of money and you can watch them all HERE How to save for retirement How to pay off debt How to start saving and stop spending everything How to invest in a TFSA How to prioritise big purchases How do I start saving for retirement? What are some key things women should do to be financially savvy?   She does not live a champagne lifestyle on a beer budget/ She is conte ..read more
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My Savings Journey
Woman & Finance
by Mapalo
3y ago
Hey Tribe, What a year this has been so far! With all the hope we had of 20plenty it seems like covid19 has put a damper on things. We had all written down our goals and were ready to smash them. Covid19 has affected life as we know it. With that being said, I am an optimist at heart and I always believe in looking at things that I can control. Whenever I face a difficult situation, I often ask myself; what can I do about this? Is there something I can control or change? Even with covid19, your goals are still relevant and valid. If you want to get out of debt, you can still work towards that ..read more
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Slaying Financial Planning
Woman & Finance
by Mapalo
3y ago
Let me ask you some questions: do you know what your net worth will be in 5 years time? Do you know how much you will need to survive on if you lost your job today? Do you know what your dream wedding will cost? Do you know the exact date on which you will pay off your debt? The answer to this question is easy; proper financial planning; proper financial planning. Let’s break down what financial planning is all about. Often times, people get intimidated by the words ‘financial planning’ thinking that it’s only meant for people with a lot of money or people who seemingly have their financial li ..read more
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Income Protection, the questions you need to be asking.
Woman & Finance
by Mapalo
3y ago
Hi Tribe! In this second podcast which I did in partnership with Brad Toerien, former CEO of FMI and Tony van Niekerk, editor of Cover Magazine we discuss the type of questions you should be rightfully asking your financial adviser around income protection. And we also give practical examples of when income protection can come in handy for your household finances. #IncomeProtection #FMIinsurance   Tribe, do you have income protection and do you know what it is and what it’s meant for? I look forward to your views on income protection. Let’s talk!       The post Income Prot ..read more
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Life insurance and bridging the insurance gap
Woman & Finance
by Mapalo
3y ago
Hi Tribe! I’ve partnered with FMI and Cover Magazine on a podcast series aimed at highlighting the importance of income protection – protecting your income so that you can continue to take care of yourself and your loved ones. What comes to your mind when you think about insurance? Does life cover pop into your mind? With all the ads going on on tv, you’d think the only type of life cover available is death cover only. But for me, there is an even more important aspect: protecting my income. In this podcast, we discuss why we should change our approach to life cover and focus on Income First ..read more
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Building financial resilience for the future
Woman & Finance
by Mapalo
3y ago
In light of all that’s happening globally and here at home with the coronavirus pandemic, our finances have really been put to the test. I think the question most people are asking themselves now is – “how do I become financially resilient for the future?” This makes me think of some of the highlights from the budget speech in February (it seems like It’s something that happened so loooong ago…, we’ve been through so much in a couple of months, OK!)   Tax-Free Savings Account  A tax-free savings account (TFSA) is an investment vehicle in which as of 2020, you can contribute up to R ..read more
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Don’t get caught off-guard in a debt-trap!
Woman & Finance
by Mapalo
3y ago
DOWNLOAD YOUR FREE DEBT REPAYMENT PLAN: snowball method Life happens! And this could not be more evident than now with the coronavirus crisis. Getting into debt is not always that you were living a flashy lifestyle. In the absence of an emergency fund, sometimes people find themselves in a position where life forces them to take care of an emergency through a loan. Even when you are experiencing an emergency that requires you to take out a loan, it is important to do your homework first. By that I mean: Know that there are regulated lenders and those who are not regulated. Any company that ope ..read more
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Social Distancing survival pack
Woman & Finance
by Mapalo
3y ago
Hi Tribe, These are some of the resources I am using for myself and our son during social distancing (please note, these are resources I downloaded and are freely available on the internet, just making it easier for those who don’t know where to start). 00 Material  – School Material for Double knot Daily work schedule – Parents   The post Social Distancing survival pack appeared first on Woman & Finance ..read more
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How to finally stick to your budget in 2020
Woman & Finance
by Mapalo
3y ago
Every year before I got serious with my finances, I would tell myself, ‘this is the year I stick to my budget’, then a friend would call me to go out for lunch that was not included in the budget, or my day would not be going well, so I would decide to console myself with a new pair of shoes; the list is endless of what can derail me from my budget! ‘Things’ just seemed to come up all the time! Sounds familiar? You are not alone; many South Africans cannot stick to their budget, let alone have a budget! So what does it take for one to stick to their budget? A big part of sticking to ones budge ..read more
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