Don’t trust a bank with your money – here’s why

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We all thrive on credit and take it whenever from other’s acknowledgements whenever we do something good. We in financial terms also, however, need credit of a different kind when we want to buy something.

We most often turn to banks first to get more credit. Obtaining too much credit could eventually destroy you; or, at the least may seriously sabotage you. Banks are dangerous places and will give you money when you do not need it and will recall it when you do need it and cannot afford to repay it. They shorten your credit and call up facilities at the worst possible time.

From my point of view and in answer to the rhetorical question ‘who is the best bank’ the answer is simple “none”. In South Africa there is no good bank, thus no accolade of best can ever be awarded.

Continue reading “Don’t trust a bank with your money – here’s why”

Shop at the right time to save yourself money

Saving to be a millionaire

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When I was at university I had a friend who had a fetish with the Marantz Hi-fi system, one of the best at the time. He always bought accessories for the system when they had units on sale. He always claimed that he was saving so much by the discounts received that he would from those savings soon become a millionaire.

This can obviously not be achieved as we have to bank our savings and not invest in new components each time. It does, however, illustrate the importance of buying stuff at discounted prices. This can become a wonderful way of saving if we bank the savings and make it grow.

Today in howtomakesense we look at the importance and some suggestions that can be used to save on a daily basis. Continue reading “Shop at the right time to save yourself money”

What if I grow to be a 105?

What if I grow to be 105?This was the refrain from a song in the 1960’s. It now appears in becoming a reality when Three D printing will one day soon be able to reproduce replacement organs, it is reported. They reckon that our children may live to 140 years old.

Living too long has always been a problem for us but appears to becoming a dilemma for the future of our children. In financial planning and retirement provision we have always had to look at balancing living to long with dying too soon.

Here is our quandary if we partially benefit from the artificially printed organs: what if I live to be a 105? Continue reading “What if I grow to be a 105?”