Which comes first, educating your children or saving for your retirement?

How do we find the balance between providing for our children and for our own future?

“Initially, I started saving in an education policy. But when there was an urgent need for money, I would cash up and cancel the policy. I did this three times and realised I was losing money. When the time came for my children to go to university, we used short term debt to fund their studies as our income levels did not qualify for NSFAS. This left us with no option but to utilise credit card debt and personal loans.

As part of the challenge, both Nkosi and Thuli needed to review how they were financing their children. Thuli has two more children to fund through tertiary education and with a determination to cut back on her debt, she had to consider student loans. “For me retirement is an opportunity to slow down, work according to my schedule. One of the reasons I am doing an MBA is to ensure that I keep relevant and on top of my game. This will ensure that my services and expertise will always be in demand in the sector. Working an extra five years will give my retirement funds more time to grow.”

If Thuli and Nkosi’s story resonates with you and you are ready to commit and take the challenge, the Absa/City Press Money Makeover Challenge is once again open for applications. There are only six places available so only the most committed applicants will be considered.The Absa/City Press Money Makeover Challenge runs over a six-month period and candidates will receive expert help to get their finances in order and achieve their unique financial goals.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Source: TheCitizen_News - 🏆 6. / 75 Read more »

Netball is shining on court but still struggling off itSouth Africa may have finished fourth at the Netball World Cup in July, but the lack of recognition the sport receives is dampening progression. My ass high asf. I thought i saw something else on thispic. Never mind... That makes the 10 of us i honestly don't understand why you chose to caption this picture with her legs open, and her undergarment is showing. didn't you think it is a touch too exposed? MenAreTrash EWNsport gsport4girls ANCWomensLeague danielmarven dintsang vele?
Source: mailandguardian - 🏆 2. / 92 Read more »

Lewis Hamilton warns of extinction of human race if people don't go veganThe Formula One World Champion - who decided to ditch animal products from his life back in 2017 - urged his followers to turn to a plant-based diet. Then the fool should stop polluting the air with a racing car He must stop F1 first. He's releasing green house gases from his race car for no purpose Lol.... Brainwashed as well.
Source: ewnupdates - 🏆 30. / 53 Read more »

Why Joburg runners have a performance advantageAltitude training can give you a competitive advantage when it comes to sports performance.
Source: BDliveSA - 🏆 12. / 63 Read more »

Jake Gyllenhaal stopped traffic to rescue a Dalmatian because good boys look out for each otherAccording to Page Six, the actor and all-around great guy saved a puppy who had wandered into traffic.
Source: Channel24 - 🏆 48. / 51 Read more »

Durban comes alive with Diwali colours - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Durban CBD has come alive with colour and sound as the annual Durban Diwali Festival's (DDF) float procession gets under way.
Source: SABC News Online - 🏆 32. / 51 Read more »