Couples are 10 times more likely to break up if they think their partner has poor money habits. This finding in a recent survey by Policy Genius probably echoes the harsh reality that money issues are a driving force in 55.6% of divorces. It’s crucial to play open cards with your partner if you […]
Single mothers can live with confidence by protecting their income
Fifty-one per cent of SA’s single mothers are not able to easily cover household expenses. More than 40% of South African mothers are single parents and carry a huge responsibility when it comes to financial provision for their children. Statistic from the Human Sciences Research Council (HSRC) and the South African Race Relations Institute (SARRI) […]
Financial Literacy from Toddlers to Teens
Age 3-6: Hello Money! As a mother of two children under the age of 7, Magosha believes it is important to lay the foundation of control. She suggests teaching your children to manage their impulsivity through the robot system – a simple “stop to think before you do” concept. Giving in to all your […]
The 2021 budget you can create and finally stick to
April is financial literacy month, and is an ideal time to adopt healthy financial habits, learn new money skills and reach savings goals. With the cost of living in South Africa climbing, sticking to a budget can be challenging. “There is a misconception that money problems stem from not having enough, but the reality is […]
Financial literacy – from toddlers to teens
Your child’s ability to manage money now and into the future is highly dependent on the money habits instilled at a young age. A 2013-14 report on Habit Formation and Learning in Young Children by Dr David Whitebread and Dr Sue Bingham shows many children’s money habits, like self-monitoring, are developed as early as […]