Author: Kamogelo

Paying off a loan with a credit card is a financial strategy that has both potential benefits and significant risks. It’s a topic that involves understanding various financial instruments, their terms and conditions, and the potential impact on your overall financial health. Let us explore this in detail. Understanding Loans and Credit Cards First, it’s crucial to understand the nature of both loans and credit cards: Loans: These are typically installment-based financial products. You borrow a lump sum and pay it back over a set period, usually with interest. Common types of loans include personal loans, auto loans, mortgages, and…

In the grand financial theater, credit cards often play the villain. Tales of spiraling debt, crippling interest rates, and ruined credit scores are told in hushed tones, painting these plastic pals as fiendish foes. But are credit cards truly the financial bad guys they’re often made out to be? Let’s swipe through the myths and realities to uncover the truth in an entertaining exploration. The Origin Story: A Brief History of Credit Cards To understand the role of credit cards, let’s rewind to their inception. Born in the 1950s, credit cards were the financial world’s answer to convenience and consumer…

In our increasingly interconnected world, sending money across borders has become a common necessity. Whether it’s for supporting family abroad, paying for services, or conducting international business, the need for efficient and cost-effective international money transfer methods is paramount. This article explores the five best ways to send money internationally, focusing on their benefits, drawbacks, and suitability for different needs. 1. Online Money Transfer Services Online money transfer services like TransferWise (now Wise), PayPal, and WorldRemit have revolutionized the way we send money internationally. These platforms offer a blend of convenience, speed, and competitive exchange rates. Pros: Competitive Exchange Rates:…

In the modern financial landscape, credit cards are more than just a payment method; they’re tools for managing finances, earning rewards, and building credit history. However, the key to harnessing their power lies in knowing when to use them. This guide will delve into the smartest and most beneficial times to swipe your credit card, ensuring that you stay financially healthy and savvy. What is the best time to use a credit card? 1. For Building Credit History One of the primary benefits of using a credit card is building a positive credit history. Regular use, followed by prompt payments,…

In a world where the hustle and bustle of daily life can be overwhelming, the concept of a staycation – a vacation spent at or near home – has become increasingly appealing. As the holiday season approaches, the idea of enjoying a break without the stress of travel is particularly enticing. Here’s how you can transform your home into a haven of relaxation and fun, making the most of your holidays without stepping out of your front door. Staycation Tips to Enjoy the Holidays At Home Embrace the Art of Planning The key to a successful staycation is in the…

Going out with friends is one of life’s greatest pleasures. Whether it’s a fancy dinner, a casual brunch, or a night out at the movies, these moments create memories that last a lifetime. But when the bill arrives, things can sometimes get a bit awkward. Who owes what? Did someone forget their wallet? Fear not! Here are some smart, fun, and fair ways to split the bill and keep the good times rolling. 10 Tips for Fairly Splitting the Bill 1. The Classic Split: Divide and Conquer The simplest method is to divide the total bill by the number of…

Rethinking Retirement: Adjusting Your Financial Plans in a Volatile Economy A stable retirement plan is a necessity wherever you are and whichever stage of life you are in. Whether you are just starting your career path, nearing retirement, or somewhere in between, planning for retirement is an integral part of achieving financial freedom. However, with the ever-fluctuating nature of the South African economy, it’s vital to adopt an adaptable and proactive approach to your retirement planning. In this comprehensive guide, we will help you navigate your financial journey to retirement smoothly, despite economic volatility. It’s time to rethink retirement! The…

In the dynamic world of freelancing, platforms like Fiverr and UpWork have become essential tools for professionals seeking to expand their reach and opportunities. For South Africans, these platforms offer a gateway to the global market, allowing them to showcase their skills and services to a vast audience. Here’s a comprehensive guide on how to effectively use Fiverr and UpWork for freelancing in South Africa. Understanding Freelancing on Fiverr and UpWork Fiverr is a platform where freelancers can offer their services, known as ‘Gigs’, starting at $5. It’s ideal for a wide range of services, including graphic design, digital marketing,…

The holiday season is a time of joy, celebration, and, most importantly, delicious food. For those with a passion for cooking and baking, this festive period presents a golden opportunity to turn their culinary skills into a profitable business. Catering and baking for holiday events and parties is not just a way to spread holiday cheer, but also an effective strategy on how to make money. This article explores the ins and outs of starting and running a successful holiday catering and baking business. Guide to Start a Successful Catering Business at Home 1. Understanding the Market The first step…

As Black Friday specials begin and the time keeps passing by, South African shoppers still have a chance to catch some exciting last-minute deals online. With major retailers like Zando, Huawei, Adidas, and Clicks participating, there are plenty of opportunities for savvy shoppers to save big. Here’s an updated guide to help you navigate these offers. Zando’s Black Friday Specials Zando, a leading online fashion destination, is making a significant splash this Black Friday. Embracing the theme “Every Friday is Black Friday,” they’re presenting an array of specials and discounts across a multitude of brands. Shoppers can anticipate up to…