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Financial planning is often viewed as a standard process, earn an income, save consistently and invest for retirement. In practice, however, effective financial planning begins with understanding how income is generated and the risks attached to it.
The beginning of the year often brings financial strain as South Africans face the after effects of festive holiday spending. By March, the good news is that you’ve officially survived “Januworry”, and the financial dust has mostly settled.
Geopolitics tends to be something that most people view as something that happens far away from them, tensions involving things like borders or disputes over natural resources taking place at the other end of the world. The reality is far more personal for the average South African household.
Households navigating the current volatile economic environment are warned to resist the urge to make financial decisions in isolation and instead seek professional financial advice, says Lulama Mrara, Regional Manager at Old Mutual Personal Finance.
Would you willingly give up your medical scheme membership under a fully implemented NHI?