Strategies for responsible store card usage
Store cards offer numerous advantages, but it’s crucial to utilise them wisely and responsibly while maintaining financial discipline. Store cards provide a convenient way to purchase items when needed, possibly with no interest, as well as additional benefits like access to affiliated stores, loyalty club memberships, and exclusive offers that are not available to the […]
Tempted to use AI as a personal finance assistant? Limitations and risk factors to consider
Artificial Intelligence (AI) has revolutionised numerous industries, including personal finance. With AI chatbots providing real-time, human-like responses to queries, one might be tempted to fully entrust their financial management to these digital assistants. However, while AI offers undeniable benefits, it’s essential to understand its limitations, particularly when dealing with sensitive areas such as personal finance. […]
Building financial resilience in challenging times
The Consumer Financial Vulnerability Index Q2 2023(CFVI) report published by Momentum and Unisa1 highlights that South Africans have been grappling with financial vulnerability for an extended period, with various economic factors contributing to this predicament. Financial struggles amidst rising costs As South Africa grapples with the aftermath of the COVID-19 pandemic and a challenging economic […]