Blog posts in Spending Habits

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The release of the MyFincheck Finance Tool means that we are all better equipped to make better financial decisions. And, those decisions are the foundation for a better financial future for each of us.

Today, let's look at one of the other main features of the Fincheck MyFinance Tool - Credit Scores and Loan Management. This feature of the tool will build out on our groundbreaking Credit Score tool released in November.

In our previous post, we helped you understand Debt Review a bit more. In this post we're going to show you the debt review process.

Debt review, also known as debt counselling, is a debt relief measure created in terms of the National Credit Act (NCA) to assist consumers that are over-indebted. This is done through budget advice, restructuring of debts and negotiating with creditors.

Many of us walk around with a cost mentality, often dropping our heads in a sorry attitude when walking past things we cannot afford. What if, you get to spend money and pay off your loan, at exactly the same time? Yes, you’re not seeing double, it’s possible!

Unfortunately, only 6% of South Africans get to retire happily and comfortably due to a lack of proactive saving and investing. Retirement is a real thing and yes, happy retirement does not come cheap. Or does it?

You're not alone in feeling this awkwardness! Splitting a restaurant bill is one of South Africa’s most common frustrations known on Google. When it comes to restaurants and paying the bill at the end of a lovely night, many people feel the pain. This scenario can turn a lovely night into a night of horrific frustration. So how can you make it a bit easier?

We’ve almost hit rock bottom, and we don’t have to sit around waiting for things to start falling apart. We can create a better future, together. The only direction for the 2016 South African economy, is up. For the time being, we’ll just dig a little deeper into our pockets and work together to meet the needs of our country. Government has committed to see growth in the economy. How committed are you then?

You might still be wondering – Can You Start a Business in an Economic Crisis?? The short answer is – Yes, the long answer is – aye aye captain! Now you can almost hear the waves and taste the salty sea breeze, ready to set sail? Wait, but first, what is a business?

In a slow-moving economy or a recession, people generally try to limit their spending and not engage in any uncalled-for risks that might put their future financial goals in jeopardy. There are several types of risks that everyone should avoid during a recession. But, do you know that starting a business isn't one of them in the same sense as other risks?