Archive | November, 2014

Medical Savings Account Fact sheet

A decade ago, you didn’t have a medical savings account (MSA) on your medical scheme option. Now you do, and many people find it understandably confusing. Comments and questions such as the following are frequently heard:
“If it’s my money, why can’t I spend it like I want to?”
Why can’t co-payments come out of this account?”
“I don’t understand why I have sub-limits when everything is subject to available funds in the MSA.”
Here are questions and answers on the facts surrounding your MSA.

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Nerina Gardens Craft club tea

What a wonderful morning we had with the Nerina Gardens Craft club. Thanks to Hellen from Nerina, Terry from Olives Menage, Milkwood for their beautiful songs and the Chalford Wealth team for a fun morning of tea, singing and looming!    

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Is it wise to pay off your bond early?

So the question of whether or not to pay off your bond faster is not as cut-and-dried as the decision to pay off your credit card balances each month. When it comes to paying off the bond early, there are solid arguments that can be made either way.

Here are some good reasons why you should — and should not — pay off your bond early. Which ones resonate most with you?

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Consumers feel credit pinch

South Africa is heading for its third straight year of declining credit health, with household cash flow levels falling to their lowest point since early 2010. The Consumer Credit Index, released on Wednesday by global credit and information management company TransUnion, shows credit health deteriorated at a slightly slower pace in the third quarter of 2014 than in the second. The index measures the ability of consumers to service credit obligations within the constraints of their monthly household budget.

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Gold, silver slump to fresh 4 year lows

Gold slid for a fifth session in six on Wednesday, tumbling to fresh four-year lows as a strong dollar kept investors away from the safe-haven asset and physical demand failed to provide underlying support.Silver tracked gold lower, hitting its lowest since early 2010, while platinum and palladium also fell.Underscoring the lack of interest in bullion, holdings in SPDR Gold Trust, the top gold-backed exchange traded fund, slumped to a fresh six-year low.

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