OUr Blog
Read more about how MoneyCare is impacting the community, and the lives of our fellow South Africans.
Empowering Yourself Through Education
Education is power.Empower yourself with the below list of government initiatives that can help you on your journey to a better tomorrow. Youth Development:http://www.nyda.gov.za/https://lovelife.org.zahttps://www.westerncape.gov.za/youth-cafe/youth-caf Financial...
ESKOM Prepaid Residential Electricity – The more you buy, the more you pay.
Did you know that depending on where you live and how much electricity you buy, you could pay 2 different prices in the same month? ESKOM charges different prices for electricity in what are called “Blocks” . There are 2 Blocks. A single Block is a certain...
Tip 6 of 6: Think About The End Goal
The right time to start saving towards your retirement is as early as possible. Consider a pension fund, provident fund, and retirement annuity too. These will help ensure that you don’t run out of money during retirement. Retirement funds have the added bonus of a...
Tip 5 of 6: Prepare for the unknown
You can’t guarantee what might happen in the future, but you can plan for it. Always consider ways to get rid of risk in the event that you lose your ability to work, fall sick or die. There are many long-term insurance products you can consider like life cover,...
Tip 4 of 6: Saving vs Investing
The world of investing can be intimidating but it has great benefits. The earlier you start to invest, the better. There is a big misunderstanding between saving and investing. They are very different. Saving is keeping money with the intention of using it anytime...
Tip 3 of 6: Keep notes of Everything You Spend
By setting financial goals, you eliminate the risk of upgrading your lifestyle in a way that stops you from saving or investing your excess money. Affording something on paper does not necessarily mean that you should make it a part of your lifestyle. Some tips: set...
Tip 1 of 6: Know the value of your money
Before making any major decisions on how you spend, save, or invest your money, it is a good idea to work out its current value, future value, and the potential compounded interest you could earn. This means that the money you are keeping under your mattress for a...
Tip 2 of 6 – Get rid of your debt
The key to a debt-free life all depends on how you control your spending. A monthly budget helps keep track of all your costs and stops you from unnecessary spending and opens you up to extra cash flow which makes it easier to pay off your debts faster
Nombulelo NKOMO’s Story
It was on 12 February 1995 that Nombulelo Nkomo lost her husband, who had been a breadwinner for the family for many years. Nombulelo's husband worked in Johannesburg as a miner for 20 years and lost his life on duty. Sipho and Nombulelo had two children, a...