ThuthukaSA

Book review for Sibongile Chabalala, Honours in BSc Pharmacology Graduate

When Bongi read chapter 6 on budgeting, she actually realised that she was spending a lot of money on her cellphones, data, airtime, etc…. See below.
Have you read the book? What revelations did you get about yourself when you read Chapter 6 entitled Your Budget and What It Says About YOU?

Bongi’s Review

Total $ spent on talking monthly = R890!!!!

Thank you so much for the book! It is definitely one of my best reads of the year.

My learnings are as follows:

-There is such a thing as good debt e.g. loan to extend your house
-Not carrying store cards (or points cards in my case) at all times unless you specifically intend on buying   from a particular store
-The different types of interest rates e.g. repo rate, different types of interest on a home loan (fixed vs capped)
-Some credit cards have an interest-free period
-The importance of a budget
-Saving towards retirement early on

Chapter 16:in its entirety [The Beginner’s Guide to Investing in the Stock Exchange]

I have already recommended that my friends and family read this book!

I am particularly glad that Bongi is committed to starting to save for her retirement as soon as possible. Her children will definitely never complain about Black Tax.

Share this knowledge with your loved ones

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