Current Accounts

Banks offer various financial packages to cater for different stages in one’s life. Amongst the diverse accounts, you can start by opening a current account which is an account from which money may be withdrawn without notice. It is typically an active account catering for frequent deposits and withdrawals by cheques. This type of account…

Buy Now Pay Later

Buy now pay later services are offered by retailers and service providers so you can buy a product immediately and delay payment.  You then pay off the product in installments over a longer period of time. Buy now pay later services are often advertised as ‘interest-free’ or ‘0% interest’, but the cost will add up…

Money and Mental Health – what research say

In 2016, the Money and Mental Health Policy Institute, UK (http://www.moneyandmentalhealth.org) issued a research paper titled ‘Money on Your Mind’.  The research paper found that money management and mental health are intricately linked.  Mental health problems tend to make it hard for people to manage their finances and that living in financial stress exacerbates mental…

Our Festive Season Calculator

Every day, we make decisions that affect our financial performance. Often we lack the basic financial skills that allow us to understand the financial implications of our decisions. Thus, to alleviate your stress and make sure you do not start the New Year with a tight budget or with a feeling of guilt for having…

Reducing your Expenses

An important aspect of managing your money is that of reducing your expenses.  You can achieve this in various ways, as shown below. At the store Resist impulse buying.  Ask yourself these questions: Do I really need it? Do I need it today? What if I do not buy it now? Can I purchase it…

Borrowing Responsibly

Borrowing is, many a time, a convenient way for you to purchase something that you would otherwise take a long time to save up for. For example, home buyers rarely can settle the full cost of a home. Most borrow a large part of the purchase price, except for the down payment as security. Mortgage…