In an article written by new24 earlier this year (2016), the article stated that South Africans were the biggest borrowers in the world in 2014. We’ve all heard Continue reading
It is undeniable that we live in terrible economical times, where salaries do not match up to expenses, and debt in homes are as common as milk in the fridge. It is important for adults to have basic financial skills to navigate through life, and it shocks me to see how many adults have very little to no financial understanding, merely because no one had taught them important financial lessons when they were younger.
At some point in our lives, we have all wondered how our salaries measured up to the people around us. You see your friends who you graduated with getting married, having kids, buying property and travelling the world, all at the same time, yet you are still struggling to pay back your student loan. Naturally you believe they are getting a larger salary than you, but it is impossible to actually know that unless they had told you. And since salaries are quite a private topic for South Africans, most of us don’t feel comfortable discussing it over a Saturday braai, so the question lingers and you continue being left in the dark. Continue reading