File Photo Contrary to popular belief, the majority of indebted black professionals get into debt to support family members and not to feed a flashy lifestyle. This is according to research conducted by Lifecheq, a personal finance advisory organisation based in Cape Town and Johannesburg. The research, conducted on a sample of 150 Lifecheq clients…
Where housing debt moves, home prices tend to follow. The chart below from the Commonwealth Bank demonstrates the relationship between the two. The percentage change in housing finance is presented as a three-month moving average to help smooth out volatility in seasonally-adjusted data, providing a better indication of the broader trend. With the value of…
Overloaded with outstanding loans for education, car and credit cards? You might have received several calls from agencies that have talked about overcoming these debts after payment of monthly instalments failed over a period of time. So debt consolidation is the next obvious move that you want to make. But before that, you should be…
Debt is always the hardest to manage, and you can easily find that there are so many companies which are trying hard to get rid of it. Maintaining debt is always the biggest issue; even most of the large companies also stay strategic and do not mess with it. But, if you have debt…
This April, a San Francisco-based startup called Goodly launched as a part of Y Combinators summer batch. Goodly aims to help companies help their employees pay off their student loans, by making regular matching contributions kind of like a 401(k). Greg Poulin, co-founder and CEO, was motivated to start Goodly because of his own experiences…
This April, a San Francisco-based startup called Goodly launched as a part of Y Combinators summer batch. Goodly aims to help companies help their employees pay off their student loans, by making regular matching contributions kind of like a 401(k). Greg Poulin, co-founder and CEO, was motivated to start Goodly because of his own experiences…
Image copyright Getty Images Image caption President Xi and African leaders at the FOCAC summit in Beijing, September 2018 Africa is facing a looming debt crisis, say leading development economists. “Almost 40% of sub-Saharan African countries are in danger of slipping into a major debt crisis” according to the Overseas Development Institute, ahead of a…
CASH-strapped Australians are lying to their partners about the true cost of a holiday before they set off. While getting away for a much-needed break can help relieve stress, it also can add tension when costs quickly accumulate. Some people are being dishonest to get their partner on-board, but this tactic could escalate into bigger…
DESPAIR: A rice farmer in Ayutthayas Bang Sai district takes a break from her routine work in the fields. Like most other farmers, she is in a financial predicament due to farm debts. (Photo by Pattanapong Hirunard) The farm sector has been a driving engine behind the countrys economic growth, but at the same time,…
Carrying a mortgage into a retirement can present a number of concerns for homeowners, so many experts recommend paying off this debt during the working years. This isnt always possible though, and experts in a recent NerdWallet article that was republished by USA Today, offered ways to help mortgage-carrying retirees. In the article Why you…