Our previous blog post dealt with two practical implications of the 2012 Budget, which aims to cut deficits by limiting spending and increasing government revenues through various forms of taxation. Having covered the issues of the interest rate exemption and tax thresholds, we discuss some more important implications of the Budget. Continue reading
The 2012 National Budget was met with mixed responses from many investment analysts and financial advisors. While the treasury’s goal of reducing deficits gave confidence to many analysts who were concerned about the levels of government borrowing in South Africa, the annual deficit may be capped by increased tariffs and taxation. For South African investors, especially those approaching retirement, there are several practical implications of the Budget which should be noted. Continue reading
In part one, we explained the process of drawing up your monthly expenditures and comparing these to your income to find out if your budget balances. In part two we look at ways of cutting expenditure to achieve a surplus or at least balance your budget.
Remember, the monthly expenses we listed in part one included retirement and emergency savings, so even if you just manage to balance your budget you are still on the right track. Continue reading
Budgeting is quite a simple concept – your income must always be greater than your monthly expenses – yet so many of us struggle to balance our monthly budgets. However, by following six easy steps you can budget effectively and chart your course toward financial freedom. Continue reading
Recently, Finance Minister Pravin Gordhan made his annual budget speech at parliament. This annual event, which draws special guests from the realms of business and government as well as the media, allows the Minister to address the nation and update all of us on the government’s finances. Continue reading