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The Covid-19 pandemic has put significant strain on the finances and financial planning of all people and companies. The weakening South African economy and highest unemployment rate in 12 years place even more stress on our pandemic-affected population. As a result, overdue debt balances have increased for many people, who rely on their credit to keep going.
Saving is often seen as one of those daunting tasks that most of us would rather delay, for varying reasons.
When starting your first job, understanding employee benefits and compensation can be complicated. However, it’s worth understanding what group benefits are available, and how they can assist you.
Most of us start our careers in our early twenties and plan to earn an income for about four decades before reaching retirement age. Along the way we will encounter a range of life-changing experiences, which may include births and deaths, marriages and divorces, unexpected windfalls, and costly emergencies.