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saving money

woman calculating money spent
parent giving coins to their child

As a parent, you want the best for our children. While you may want them to have the latest toys or coolest gadgets, this will not set them up for financial success later in life. You want them to be secure and for this, you need to lay a foundation that teaches them how to manage their money.

soccer player kicking ball

It is estimated that nearly R1billion is spent annually on financial education in South Africa yet household debt remains stubbornly high and savings levels are amongst the world’s worst.

Couple celebrating their savings

Everyone wants a savvy solution that will make the most of their money and in this regard, one of the most popular topics is a Tax-Free Savings Account (TFSA). While a TFSA sounds great in principle, according to Oliver Balcomb (CFP®), a Director at the Consolidated Group, it is important to understand the mechanics of this investment vehicle before adding a TFSA to your financial portfolio.

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