Welcome to another edition of our financial education feature called Making Cents brought to you by our financially-savvy friends at Ubank.
The past few years have been rather difficult for South Africans. Our economy hasn’t been doing well which has resulted in job losses, increased living expenses and less disposable income for many consumers.
We always hear of an impending petrol price increase or interest rate hike on the news but... do we take a moment to think about how these changes will affect our day-to-day finances? Just how much of a big impact will those extra cents on a fuel tank have on your cash flow and your ability to cover your living expenses?
Perhaps it’s time we discussed in-depth what our plan of action should be in a struggling economy to avoid indebtedness and shortage of much-needed cash in our pockets. How do we evaluate the impact of interest rate hikes and petrol price increases and ultimately high living expenses on our cash flow? When we are done with our evaluations, , what lifestyle changes should we consider introducing to manage the changes in our financial power and make every cent count?
Well, as usual, our financial expert from Ubank will provide clarity on some of these questions and more. Today, we are chatting to Kagisho Mahura.
You can also join the conversation by sending a Voice Note to 072 360 5392 with any question you may have or advice you may need in relation to your finances and our financial wellness expert will be glad to assist. You can also tag us on @MetroFMSA using the hashtag #KingsSuite during the show. Ubank is available on Twitter and Facebook @ubankSA, if you’d like to continue the conversation beyond this feature using the #ubankeconomy.
Kagisho, thank you for joining us on the Kings Suite.