Cash Club: When an emergency hits

Njabulo NsibandeCash Club, Latest

Any financially savvy person will tell you that an emergency fund is the most important piece of your portfolio, and that you should have enough cash to cover your living expenses for three to six months. When it comes to emergency funds, I realised two things: 1. When I'm in an emergency, I'm not saving ...

Cash Club: When to move investments

Njabulo NsibandeCash Club, Latest

As I learned more about the market, exchange-traded funds (ETFs), exposures and fees, I became tempted to chop and change my portfolio, which I did. Sometimes because I found an ETF with a lower TER (Total Expense Ratio/Total Investment Ratio) than I the one I am holding, but with similar exposure. Or sometimes when a ...

Cash Club: How to start saving

Njabulo NsibandeCash Club, Latest

‘Where should I start saving?’ is a question I get all the time. People would have a certain amount they can realistically save every month, but would not know where to put it.  Today, I’m going to share a step by step process with you. Let’s use R1,000 as the amount available to save.   Step ...

Cash Club: Savings Challenge Update

Njabulo NsibandeCash Club, Latest

At the beginning of the year, I started a savings challenge, where I increased my monthly contributions in increments of R200, i.e. R200, R400, R600, etc. As you can imagine, it started fairly easy and got harder and harder as the year went on.  In September, my savings contribution was R1,800. This is over and ...

Cash Club: ETFs made easy

Njabulo NsibandeCash Club, Latest

So there I was, chilling at Victory Square in the beautiful city of Timisoara, Romania with a colleague of mine, when he asked me to explain what an ETF is. (I lent him my copy of Sam Beckbessinger’s Manage Your Money Like A F*cken Grownup to read on the plane.)  My colleague is a health ...

Cash Club: Cash vs car insurance

Njabulo NsibandeCash Club, Latest

Should you cancel your car insurance to save some cash?  No.   I’ve heard of various tricks used by people to avoid paying for car insurance, like cancelling insurance as soon as they drive out of the dealership or reversing their debit orders. If you’re using these tricks to free up some cash, you clearly cannot ...