0861 THEBEMED [email protected]

0861 THEBEMED

Thebemed Logo

Accessible Care . Affordable Prices

Thebemed Wellness Cafe’

HOW TO BE MONEY WISE

Jul 23, 2015 | Blog

Thebemed Wellness Cafe’

Do you think financial planning is something that other people do? The truth is that everyone needs to plan for the future. Here are 10 simple tips that could change your life and your fortune for the better.

Emergency Fund

Unexpected expenses are a fact of life. Start saving the equivalent of 3 months’ salary and only use it for emergencies.

Retirement

Pay the maximum contribution to your company pension or provident fund. If you don’t have one, it’s never too late to start!

Insurance

You insure your car against potential problems – and it’s just as important to insure yourself. Invest in disability insurance asap.

Discretionary Funds

A mix of discretionary and compulsory funds means you can structure your income to your advantage and benefit from tax concessions.

Property

Speak to an accredited financial advisor regarding your best options with regard to property and equity versus cash and bonds.

Take control of your future today and put yourself on the right track to financial fitness.

5 Worst Money Mistakes

  • Credit. Overdrafts, clothing accounts and credit cards are expensive and encourage you to live beyond your means. Settle your credit card in full every month.
  • Vehicles. Do you really need that luxury car? Do you really need to saddle yourself with 5 or 6 years of hefty monthly payments?
  • Schemes. Don’t buy into get rich quick schemes that make big promises. You are better off investing through a reputable company.
  • Show. Trying to portray an affluent lifestyle can lead to financial pressure. Examine your current liabilities versus your current income and live within your means.
  • Withdrawals. Don’t withdraw your pension fund when you leave your job. Rather transfer the funds to a preservation scheme or new retirement scheme.

Download this article as a PDF

Latest Posts

Free yourself from social media stress

Free yourself from social media stress

We live in a switched-on world in which it’s almost unthinkable to be without social media for so much as a day. According to Statista, a company specialising in market and consumer data, around 30 million South Africans were on social networking sites in 2019. What’s more, this number is set to grow to close to 50 million by 2026!

Empower yourself: Beat workplace bullying

Empower yourself: Beat workplace bullying

There’s no two ways about it: being bullied isn’t just tough in the moment, it continues to take a toll in other areas of your life.
Bullying leaves a trail of destruction in its wake. It shatters your self-esteem and increases your risk of anxiety, depression, sleep disturbance and self-harm. It can even result in physical health problems like high blood pressure, stomach pain and poor appetite.

Is COVID-19 related to your genes?

Is COVID-19 related to your genes?

It’s something that has puzzled researchers from the start of the pandemic – why do some people experience severe illness, and others do not? These differences extend beyond known risk factors – like age, and existing disease.
To answer this question, researchers began studying the genetics of people exposed to the SARS-CoV-2 virus and were able to identify links between developing the disease and variations in specific parts of their DNA.

TB awareness – the role of chronic stress and mental health in disease risk

TB awareness – the role of chronic stress and mental health in disease risk

The pandemic has highlighted the idea of a disease being front and center in all aspects of our lives. However, for someone living with a chronic condition, this has been their reality long before COVID-19 came along, and the pandemic has simply made things worse.
Economic, social and psychological distress is common amongst those living with chronic conditions, such as tuberculosis (TB).

Standing up for yourself and others

Standing up for yourself and others

Underlying all human rights is a deep respect for human life. There are those passionate people whose daily lives center around defending and upholding these precious rights so that we can all live in a more caring and just world. Each one of us can take inspiration from this and make choices that demonstrate how our own personal values uphold human rights.

You May Also Like:

Free yourself from social media stress

Free yourself from social media stress

We live in a switched-on world in which it’s almost unthinkable to be without social media for so much as a day. According to Statista, a company specialising in market and consumer data, around 30 million South Africans were on social networking sites in 2019. What’s more, this number is set to grow to close to 50 million by 2026!

read more
Empower yourself: Beat workplace bullying

Empower yourself: Beat workplace bullying

There’s no two ways about it: being bullied isn’t just tough in the moment, it continues to take a toll in other areas of your life.
Bullying leaves a trail of destruction in its wake. It shatters your self-esteem and increases your risk of anxiety, depression, sleep disturbance and self-harm. It can even result in physical health problems like high blood pressure, stomach pain and poor appetite.

read more
Is COVID-19 related to your genes?

Is COVID-19 related to your genes?

It’s something that has puzzled researchers from the start of the pandemic – why do some people experience severe illness, and others do not? These differences extend beyond known risk factors – like age, and existing disease.
To answer this question, researchers began studying the genetics of people exposed to the SARS-CoV-2 virus and were able to identify links between developing the disease and variations in specific parts of their DNA.

read more