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

Trust your gut

Trust your gut

If you’ve ever ‘…gone with your gut’ to make a decision, or felt ‘butterflies in your stomach’ when nervous, you’re likely getting signals from an unexpected source: your second brain. Hidden in the walls of the digestive system, this ‘brain in your gut’ is revolutionizing our understanding of the links between digestion, mood, health, and even the way you think.

We are all a little mental – let’s break the stigma

We are all a little mental – let’s break the stigma

Ever wondered what the most burdensome disease is in the world today? According to the World Health Organization, the disease that robs the most adults of the most years of productive life is not AIDS, not heart disease, not cancer. It is depression. As with many conditions, mental health is widely misunderstood.

How to ask for help when you’re feeling down

How to ask for help when you’re feeling down

When was the last time you said these three words? All of us need some support during our lives here. Help is sometimes practical – like moving furniture or carrying grocery-bags. At other times, all you want is a hug, or some emotional support.
Although it’s normal to need and ask for support, many of us can find it hard to do so: especially when it comes to our mental health.

Lifestyle prescription for a healthy heart

Lifestyle prescription for a healthy heart

In South Africa, chronic diseases such as heart disease, diabetes, and high blood pressure are now responsible for more deaths than HIV/AIDS and tuberculosis combined. Approximately 225 South Africans die from heart disease every day, while around 10 people suffer a stroke every hour!

Do’s and don’ts of depression support

Do’s and don’ts of depression support

In 2020, the South African Depression and Anxiety Group (SADAG) received well over three hundred thousand calls asking for help and support – that’s more than three times the capacity of the FNB stadium.

You May Also Like: