Many South Africans are experiencing severe financial challenges, and some turn to unregistered lenders for quick cash solutions. However, if you’re employed, your company might be able to provide some financial assistance. We all know that South Africans are struggling to make ends meet, but something we might not realise is that many employees are […] The post How your employer can offer financial assistance in tough times appeared first on Maya on Money ..read more

Many businesses make common mistakes when it comes to taking out and then managing their business insurance policies. In the dynamic world of business, unexpected events can strike at any moment, threatening the stability of even the most well-established enterprises. “From property damage caused by natural disasters to lawsuits from disgruntled customers, the importance of […] The post Business Insurance: Where many are getting it wrong appeared first on Maya on Money ..read more

Life cover fraud has been in the spotlight following the harrowing case of former policewoman Rosemary Ndlovu, who was sentenced to life in prison for orchestrating the murders of six family members between 2012 and 2018 to reap insurance payouts. While not all instances of life cover fraud are as extreme, it has had a […] The post Life cover fraud on the rise appeared first on Maya on Money ..read more

Wendy Myers, Head of Securities at PSG Wealth, has some sound advice if you are concerned about stock market volatility and how it could affect your portfolio. Amid escalating volatility in global equity markets due to numerous factors, an understanding of the concept of volatility and how it can play to your advantage is important […] The post Understand how volatility affects your portfolio appeared first on Maya on Money ..read more

Congratulations! You’ve tossed your graduation cap, landed your first job, and are ready to dive into the real world. But with the excitement of your first paycheque comes the daunting realisation of adult responsibilities: rent, groceries, car payments – and let’s not forget about retirement savings. In this episode of the My Money, My Lifestyle […] The post Listen: Navigating the financial waters as a young graduate appeared first on Maya on Money ..read more

When last did you read your short-term insurance contract? This year I was surprised to discover that the excess on both my car and building insurance had increased. While the premiums had not gone up significantly, the portion I would have to pay when making a claim (the excess) had increased substantially. Increasing the excess […] The post Is there a nasty surprise in your short-term insurance contract? appeared first on Maya on Money ..read more

A pension-backed home loan is an alternative form of housing finance where a person uses their pension savings as security for a home loan. When you apply for a home loan, the bank will consider the property as security for the loan but will also look at your risk rating. In some cases, the bank […] The post Is a pension-backed home loan a good idea? appeared first on Maya on Money ..read more

Many of the articles on this website focus on helping people to get out of debt, but credit is not necessarily a bad thing if you understand how to borrow responsibly. In personal finance, we often talk of “good” debt versus “bad” debt. Typically, we consider an asset-backed loan ‒ such as house or car […] The post How to borrow responsibly appeared first on Maya on Money ..read more

In this episode of the My Money, My lifestyle podcast, Maya is joined by Queen Malobane, Provincial General Manager at Metropolitan, as they delve into the complex intersection of money and relationships. The romantic notion that love conquers all is challenged by the harsh reality that financial disagreements are a leading cause of discord among […] The post Listen: When love doesn’t pay the bills: dating outside your financial league appeared first on Maya on Money ..read more

Wendy Myers, Head of Securities at PSG Wealth, looks at some myths that are prevalent among South Africans when it comes to the idea of investing in the stock market. When it comes to the world of investing, many people have no idea where to start, how to invest, and what the risks are. There […] The post Five stock market myths keeping you from building wealth appeared first on Maya on Money ..read more