Our relationship with money can be a complex one, now add love to the mix and lack of communication, it could be a recipe for financial disaster.

That is why it is important to find your financial compatibility early on in the relationship and to do that, you need to start talking as openly and honestly as you can about money as a couple.

Oftentimes the misconception is that because you love one another,

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It’s only the first few weeks of the New Year but for many, it feels like they never went on a break. We lead busy and stressful lives, but to stay on top of your finances this year, you have to do a financial audit at least once or twice a year. To keep track of your finances, here is a checklist to make sure you cover all your bases when it comes to your short-term goals and long-term goals.

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Personal finance is all about finding the best way to make your money work for you. And one of the cornerstones of personal finance is budgeting. Regardless of how much you earn, we all have to budget. But what is a budget?

A budget is telling your money where to go. If you look at your bank statement, it will tell how you how you have prioritized how you spend your money. So at the end of the day,

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The New Year is always filled with hope and the possibility of our circumstances changing for the better, especially our finances.

While there are many ways to improve your finances in 2020, there is one aspect that can significantly improve both your finances and relationships; that is NOT lending money to friends and family!

I have been both a recipient of a loan from a family member, my sisters to be exact and the lender as well to some friends.

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With the wedding season upon us, the one question I often get from couples is: how do we manage our money now that we live together? And the second most commonly asked question is if they should open a joint bank account.

Before we get into the advantages and disadvantages of a joint bank account, you and your partner first need to decide on the type of marital contract you want to enter into.

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 The dynamics of the traditional family unit are changing worldwide; more and more households are being headed by women and South Africa is no exception.

According to Stats SA General Household report, women head almost four out of ten South African households (37.9%). The majority of children (43.1%) live only with their mothers, in sharp contrast with the much smaller percentage (3.3%) who live only with their fathers, while only one-third (33.8%) of children live with both parents.

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I recently had a coaching session with a woman who is going through a divorce, she had reached out to me because she was expecting a cash windfall from the divorce settlement and she wanted to know that she would be making good financial decisions.

A cash windfall can come in different ways; winning the lotto, an insurance payout, an inheritance, a retrenchment package or a divorce settlement etc.

While we all wish to for a cash windfall that will change our financial lives for the better;

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Financial independence for women is not a luxury, but a necessity. Instead of being intimidated by managing money, women should feel empowered to take control of their finances. Women live longer than men by at least 5 years, and a study done by PwC shows that South African women are consistently paid less than their male counterparts across the different industries, and coupled with the fact that women delay long-term savings; it is a recipe for financial disaster!

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Hi Tribe,

Last week Friday, I did a one-on-one coaching with a very money savvy lady who just needed a bit of direction in terms of the different investments available in the market. What struck me about her was her determination and astuteness in managing her money.

She’s young, earns an income between R10K-R15K, for some, this does not sound like it’s a lot, but what she has managed to do with her income is astounding!

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It’s important to understand which RA will suit your lifestyle

A retirement annuity (RA) is a pension plan designed for individuals to build up and accumulate money for retirement in a tax efficient way. It is a vehicle to save towards retirement.

Some benefits of an RA

  • You don’t pay tax on RA investment returns, such as interest income, dividends and capital gains.
  • The maximum tax-beneficial contribution is up to 27.5% of the greater remuneration or taxable income,

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