Category: Budgeting

ABCs of budgeting # 1 (and no, ‘Budget’ is not a swear word)

ABCs of budgeting # 1 (and no, ‘Budget’ is not a swear word)

I believe it was President George Bush who said: ‘It clearly is a budget. It has lots of numbers in it.’ You may not like numbers. You may not be good at math. You may go as far as saying that life cannot be reduced to mere numbers. But here you are – reading a blog about budgets.

Debt – coaxing the monster out from under the bed

Debt – coaxing the monster out from under the bed

Financial monsters: As a Financial Advisor, I can sense the palpable fear and desperation when some people come to see me for the first time. It takes courage to come and, like the dentist, I am avoided until the pain of debt and fear of financial ruin become too much.

Dealing with the Financial Implications of Divorce

Getting married and starting a life with the person you love is a marvellous new chapter to begin, unfortunately, most marriages do not last. The divorce rate has increased by 5% and statistics from 2012 show that of the 161,112 marriages that took place in South Africa, 22,000 of those marriages resulted in divorce.

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In most instances, the wife almost always ends up in a position of disadvantage. After experiencing a divorce, she will be forced to deal with emotional trauma and extra financial implications, and too, face the challenge of dealing with getting herself back to where she used to be and figuring out where she wants to be. Continue reading “Dealing with the Financial Implications of Divorce”

How to Afford your Child’s Education

The cost of education in South Africa is at an alarming all-time high, and these rates are northwood-paying-for-your-childs-educationnot showing any sign of decreasing in the near future. Budgeting for your child or children’s education is imperative, and need not be too much of an overwhelming task.

We suggest seeking the assistance and guidance from a trusted financial planner to set a long-term strategy in place through the use of carefully considered unit trust funds.

Continue reading “How to Afford your Child’s Education”

The Financial and Personal Implications of Paying Ubuntu Tax

The Financial and Personal Implications of Paying Ubuntu Tax

The meaning of the word ‘Ubuntu’ is deeply rooted in African philosophy and ideology. A Nguni  term, ‘Ubuntu’ roughly translates to ‘human kindness’ and often encompasses greater aspects of humanity and human essence, largely in relation to other people.

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At Northwood Financial Services cc, we use the word ‘ubuntu’ with our clients to describe a situation that develops when our extended family expects us to be kind, even if their demands are unaffordable.

Continue reading “The Financial and Personal Implications of Paying Ubuntu Tax”